Napoli lower Osimhen asking price to £85m

According to Calcio Mercato, Napoli still haven’t received any offers for Nigerian striker, Victor Osimhen, and are now willing to listen to proposals in the region of around £85m instead of the initial £100m release clause as they look to cash in on the striker this summer. Other reports in Italy state that the Serie A […]

Read more

Wire fraud: Court orders Nigerian’s extradition to US

The Federal High Court in Lagos has granted an application by the Attorney General of the Federation to extradite one Samuel Abiodun to the United States of America to face trial for alleged wire fraud and conspiracy to commit money laundering. Justice Akintayo Aluko gave the order on June 14, 2024, following the AGF’s application […]

Read more

Suspected ritualist arrested with human head in Ogun

Ogun State Police Command has arrested a suspected ritualist, Lekan Akinyemi, for unlawful possession of a human head dug from a grave. the arrest was made on Monday at about 3:50pm by the Divisional Police Officer in charge of Adatan Division. The Police Public Relations Officer, SP Omolola Odutola, who confirmed the arrest in Tuesday, […]

Read more

Nigeria’s terms of trade falls 0.12%

All commodity terms of  trade (ToT) declined by 0.12 percentage points in the first quarter of 2024 (Q1’24), just as the value of imports increased by 0.51 percentage points during the period. The National Bureau of Statistics, NBS, disclosed this yesterday in its All Commodity Price Indices and ToT report for Q1’24. The bureau defined ToT […]

Read more

Foreign loans drive up capital importation by 19% to $330m

Increased loan inflows improved capital importation into Nigeria in January 2024 by 19 percent month-on-month, MoM, to $330 million from $280 million in December 2023. The Central Bank of Nigeria, CBN, disclosed this in its Monthly Economic Report for January 2024. CBN said: “Higher inflow of loans boosted foreign capital inflow in the review month.” Giving further […]

Read more

Breaking: Sokoto govt denies plot to dethrone Sultan

Sokoto government has denied allegations by MURIC that it’s plotting  to depose His Eminence the Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar III. The state Commissioner for information and societal reorientation Hon. Sambo Bello  Danchadi in a swift reaction on Tuesday said the state government  has no plan whatsoever to dethrone the revered  monarch, while […]

Read more

Traditional institutions must be protected from state govt’s excesses – Atiku

Former Vice President Atiku Abubakar has expressed worry over what he described as a growing tendency of state governments to exert influence by distorting the modalities of enthroning traditional stools. Atiku, who was the presidential candidate of the Peoples Democratic Party, PDP, in the last general election, stressed that traditional institutions must be protected from […]

Read more
Title
.