First HoldCo is set to divest shares currently held by RC Investment, as announced by the Managing Director. During an investor call in Lagos, reported by Bloomberg on Monday, the managing director disclosed that the shares would be sold on the open market, though no specific timeline was provided. “We will be divesting […]
A federal high court in Lagos has sentenced businessman Ajah Johnson Uchenna and his wife, Rosemary Uchenna, to a cumulative 22 and a half years in prison for orchestrating an extensive cannabis trafficking enterprise from their residence. A statement released on Tuesday by Femi Babafemi, spokesperson for the NDLEA, noted that the […]
Technology giant Microsoft has declared that Nigeria is on track to become a global powerhouse in Artificial Intelligence (AI), highlighting the country’s youthful population, growing tech talent, and enabling government policies as key catalysts. The statement was made during the Africa Digital Future Summit held in Abuja, where top executives, government officials, and innovators gathered […]
STATE HOUSE PRESS RELEASE President Bola Ahmed Tinubu has assented to the Nigerian Insurance Industry Reform Bill, 2025 — a landmark legislation to strengthen Nigeria’s financial sector and accelerate the nation’s march toward a $1 trillion economy. The Nigerian Insurance Industry Reform Act (NIIRA) 2025 repeals and consolidates several outdated insurance laws into a single, […]
Former England and Barcelona striker, Gary Lineker, has claimed that several top European football clubs backed out of signing Nigerian forward Victor Osimhen over concerns about his character despite the striker’s proven ability and high market value. Speaking on his podcast, The Rest Is Football, Lineker revealed that a number of scouts and executives […]
Minister of Aviation and Aerospace Development, Festus Keyamo, has defended the ongoing ₦712.3 billion reconstruction of Terminal One at the Murtala Muhammed International Airport (MMIA), Lagos, describing it as a transformative and strategic investment for Nigeria not merely a renovation. Keyamo made the remarks during a media briefing where he addressed concerns about the […]
Rose Dung has officially assumed office as the 32nd Commissioner of Police (CP) in charge of the Special Fraud Unit (SFU), Lagos Command. This was disclosed in a statement issued on Tuesday by the unit’s spokesperson, Deputy Superintendent of Police (DSP) Ovie Ewhubare. According to Ewhubare, Dung’s appointment follows the elevation of her […]
Former U.S. President and leading Republican candidate Donald Trump has announced plans to impose sweeping tariffs on imported pharmaceutical products, warning that the rate could rise as high as 250% within the next 18 months. The proposed measure, he said, is aimed at reviving domestic drug manufacturing and reducing America’s dependence on foreign medical […]
Nigeria has recorded 155 deaths and 822 confirmed cases of Lassa fever between January 1 and July 20, 2025, according to the Nigeria Centre for Disease Control and Prevention (NCDC). The figure, released on Tuesday, represents an 18.9% Case Fatality Rate (CFR), which is higher than the 17.1% reported within the same period […]
France Football, the organizer of the prestigious Ballon d’Or, has released a special “Dream Team” featuring legendary footballers who, despite their illustrious careers, never won the coveted individual award. The lineup includes globally celebrated stars from different generations whose brilliance on the field earned them admiration but not the Ballon d’Or trophy. The announcement […]
