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Nigeria

‘Govt Must Not Get Comfortable With Rebased Inflation Figure’

Lagos Chamber of Commerce and Industry (LCCI) has said the government must not get comfortable with a rebased inflation figure and lose the fight against inflationary pressures. The Chamber stated this in a statement titled, ‘Beyond the Numbers: Ensuring Real Economic Relief For Nigerians’. The director-general of LCCI, Dr. Chinyere Almona said that the latest decision by the Monetary Policy Committee of the Central Bank of Nigeria (CBN) to maintain the Monetary Policy Rate (MPR) at 27.50 per cent is well appreciated and taken as the beginning of a better deal for the business community regarding the cost of credit. She said that “in recent months, the rising and high interest rates have tormented businesses seeking to leverage credit for business operations and expansion. “We look forward to seeing a persistent focus on fighting the fundamentals that have contributed to […]

Ahmad February 23, 2025

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Nigeria

Nedu Denies Fraud Allegations, Threatens Legal Action

An on-air personality, Chinedu Ani Emmanuel, also known as Nedu Wazobia, has denied recent allegations of fraud and financial misconduct regarding the Nedu Scholarship Foundation (NDSCHF).At a press conference held in Lagos, Nedu reaffirmed his unwavering dedication to education, philanthropy and social impact, while announcing decisive legal action against false claims aimed at tarnishing his reputation. Allegations against Nedu began after a reality TV star and comedian, Aderombi Adedayo Martin, better known as Deeone, alleged on a podcast that social media critic, Martin Otse, popularly known as VeryDarkMan, was gay. Subsequently, several accusations surfaced online claiming that Nedu had misappropriated donations meant for the scholarship initiative. Nedu, while addressing the allegations through the agency that manages his brand, Tokindrumz, emphasised that all funds for the NDSCHF initiative were managed by a globally recognised social enterprise, ensuring full accountability and at no point […]

Ahmad February 23, 2025

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Nigeria

NAFDAC DG Raises The Alarm Over Drug Crisis

Director-general of the National Agency for Food and Drug Administration and Control (NAFDAC), Professor Mojisola Adeyeye, has raised the alarm over the devastating effects of illicit drug combinations on Nigerian youths, calling for urgent national intervention.This warning is coming on the heels of the BBC report on the use of Tafradol, a mix of Tapentadol and Carisoprodol by youths in the country. At a media briefing yesterday in Lagos, Adeyeye revealed that the Indian government had officially banned Tafradol on February 21, regretting that despite the ban, the drug remains in circulation in Nigeria, wreaking havoc on communities. This substance is destroying lives. Young people use it and become completely unresponsive, almost as if hypnotised. They collapse anywhere – on the streets, in vehicles or even while using their mobile phones,” she stated. The NAFDAC boss said, the agency has […]

Ahmad February 23, 2025

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Nigeria

Policeman ‘shoots’ immigration officer in Niger

According to a counter-insurgency publication focused on the Lake Chad region, Zagazola Makama,  reports that the incident occurred around 12:30pm on Friday. Makama quoted intelligence sources as saying a surveillance patrol team from the ‘A’ division police command in Minna, led by Ibrahim Paiko, was on routine patrol near Obasanjo complex when they encountered a group of road construction workers carrying iron rods suspected to have been stolen. "Upon noticing the police, the workers abandoned the materials and fled. While the officers were attempting to recover the abandoned iron rods, they were suddenly attacked by a group of other road construction workers and hoodlums, who threw stones and other objects at them,” the report said. “The assault damaged the Dangote Patrol Vehicle used by the police. In an attempt to escape being overrun by the mob, ASP Ibrahim Audu fired a […]

Ahmad February 22, 2025

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General

Thieves Electrocuted While Stealing Streetlights in Nigeria.

In Bayelsa State, Nigeria, two suspected thieves lost their lives while allegedly attempting to steal solar-powered streetlights in the Ogobiri community of Sagbama Local Government Area.The tragic incident occurred near the Niger Delta University's New Site and the Ogobiri roundabout. The thieves had reportedly already brought down four streetlight poles and were trying to dismantle a fifth when it fell onto high-tension wires, electrocuting them on the spot.Theft of streetlights has been a recurring issue in the area, raising concerns about public safety and infrastructure security.

Edem 4Style December 30, 2024

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