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Business · PM News ·Chinese wanted for $245m ponzi fraud arrested in Nigeria, repatriated to China
A Chinese national wanted for orchestrating a $245 million Ponzi scheme has been apprehended in Nigeria. Following his arrest, the suspect was repatriated to China to face legal proceedings related to the major financial fraud. Nigerian and Chinese authorities collaborated on the enforcement action to address the international criminal case.
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Business · Nairametrics ·
Police repatriate Chinese suspect over $245 million Ponzi scheme fraud
Law enforcement officials have repatriated a Chinese suspect allegedly involved in a Ponzi scheme fraud amounting to $245 million. The action underscores ongoing collaboration between international security agencies to track and prosecute individuals linked to significant economic crimes involving substantial financial losses across multiple jurisdictions.
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Politics · BusinessDay ·Kano NDC resists Kwankwaso’s grip on party structure
The Kano State chapter of the National Democratic Coalition is reportedly challenging Rabiu Kwankwaso’s influence over the party's internal organizational framework. This development indicates growing internal friction as members seek to prevent the former governor from exerting total control over the leadership and administrative structures within the regional branch.
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Politics · The Punch ·2027: Wadada seeks forgiveness, support ahead of Nasarawa gov race
Senator Aliyu Wadada has called for reconciliation and support from stakeholders in Nasarawa State as he prepares for the 2027 governorship election. The move aims to strengthen his political standing and resolve past grievances among his constituents and party members before the next general election cycle begins.
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World · Daily Trust ·
CNN founder Ted Turner dies at 87
Ted Turner, the American media mogul and founder of the Cable News Network, has passed away at the age of 87. He was widely recognized for establishing the first 24-hour cable news channel, significantly impacting the global television landscape. His death marks the conclusion of a prominent career in international media and philanthropy.
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Politics · Vanguard ·Owie, others dump ADC in Edo as party prepares for primaries
Former Senator Roland Owie and several other members of the African Democratic Congress have resigned from the party in Edo State. This mass exit occurs as the political organization begins preparations for its upcoming primary elections within the state, signaling a shift in the local political landscape ahead of the polls.
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Politics · PM News ·
Drama in Senate as Akpabio threatens to throw out Oshiomhole
Senate President Godswill Akpabio recently threatened to expel Senator Adams Oshiomhole from a legislative session following a disagreement on the floor. The confrontation occurred during a plenary session, highlighting internal tensions within the upper chamber as the leadership sought to maintain order and decorum among its members.
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Education · Channels TV ·FG Approves Policy To Curb Misuse Of Honorary Degrees
The Federal Government has approved a new policy aimed at regulating the issuance of honorary degrees across Nigerian institutions. This measure is designed to curb the misuse of such academic honors and ensure that awards are conferred based on merit and established standards within the education sector.
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Politics · Daily Trust ·
Akpabio, Oshiomhole clash over new leadership rules at senate
Senate President Godswill Akpabio and Senator Adams Oshiomhole engaged in a disagreement regarding the implementation of new leadership regulations within the Nigerian Senate. The confrontation focused on the standing rules governing the chamber, highlighting internal tensions over the administrative framework and parliamentary procedures adopted by the current legislative assembly.
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Business · BusinessDay ·New tax act slows capital allowance relief timing
Nigeria's new tax act has modified the schedule for capital allowance relief, resulting in a slower process for businesses to claim deductions on capital investments. This legislative shift aims to restructure tax benefit timelines, impacting corporate financial management and the speed at which companies recover costs on asset acquisitions.
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Business · Daily Trust ·
Finance minister: Nigeria will not return to fuel subsidy
Nigeria's Minister of Finance has reaffirmed the federal government's position that the fuel subsidy regime will not be reintroduced. This policy decision aims to maintain fiscal discipline as the government seeks to manage the country's economic resources more effectively while avoiding the high costs associated with previous subsidy payments.
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Politics · Daily Trust ·
IPI to initiate global campaign against Bago, Eno, Egbetokun
The International Press Institute is launching a global campaign against Niger State Governor Mohammed Bago, Akwa Ibom Governor Umo Eno, and Inspector General of Police Kayode Egbetokun. The move follows concerns regarding press freedom violations and the systemic harassment of journalists within their various jurisdictions.
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Politics · Premium Times ·Court orders temporary forfeiture of 9 properties linked to Timipre Sylva
A Federal High Court has ordered the interim forfeiture of nine properties associated with Timipre Sylva, a former Nigerian Minister of State for Petroleum Resources. This judicial action allows the federal government to temporarily seize the assets pending further legal proceedings regarding the investigation into the former governor's financial activities.
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Entertainment · Leadership News ·
Tobi Makinde Announces Plans for Live Tour of ‘The Tobi Makinde Show’
Nigerian filmmaker and actor Tobi Makinde has disclosed intentions to organize a live tour for his production, titled The Tobi Makinde Show. The upcoming tour aims to bring the program's content directly to audiences across various locations, marking a significant expansion of the entertainment project beyond its traditional digital or broadcast format.
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Politics · Daily Post ·ACF accuses Secretary General of undermining Forum over tenure dispute
The Arewa Consultative Forum has accused its Secretary General of actions aimed at undermining the group’s stability following a dispute over his tenure. This internal conflict highlights growing tensions within the leadership of the socio-political organization as members address disagreements regarding the official duration of his administrative role.
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Politics · Daily Post ·Nigeria on right track – Shettima
Vice President Kashim Shettima has expressed confidence in the current developmental trajectory of Nigeria. He asserts that the nation is moving in a positive direction under the present administration, highlighting ongoing efforts to ensure national progress and stability for the benefit of all citizens.
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Education · Vanguard ·SSANU, NASU suspend strike for 2 weeks
The Senior Staff Association of Nigerian Universities and the Non-Academic Staff Union have suspended their industrial action for two weeks. This decision follows negotiations aimed at resolving lingering labor disputes within the Nigerian university system. Normal administrative activities are expected to resume across various campuses nationwide during this temporary suspension period.
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Entertainment · Leadership News ·
I Prefer Younger Men, they’re More Fun And Energetic – Amber Rose Opens Up On Dating Choices
Amber Rose has expressed a preference for dating younger men, citing their high energy levels and the enjoyable nature of such relationships. The public figure shared insights regarding her personal dating choices, noting that younger partners tend to be more active and engaging compared to older individuals.
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Education · Daily Trust ·
Baze University appoints Prof Abiodun Adeniyi VC
Baze University, located in Abuja, has announced the appointment of Professor Abiodun Adeniyi as its new Vice-Chancellor. Adeniyi succeeds the previous head of the institution, taking over the academic and administrative leadership of the private university to oversee its future growth and educational development.
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Business · Vanguard ·Dangote Refinery says ex-depot price remains unchanged
The Dangote Refinery has announced that its ex-depot price for petroleum products remains the same. This statement clarifies the company's current pricing policy following recent market speculations. The refinery continues to maintain its established rates for distributors and stakeholders within the Nigerian oil and gas sector.
Nigerian News
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