The Federal Government revealed on Wednesday that Nigeria’s daily petrol consumption has decreased to 50 million litres, with domestic refineries now meeting half of the demand. The remaining 25 million litres are being imported to bridge the gap, ensuring the country avoids fuel scarcity. Speaking to journalists after a stakeholders’ meeting in Abuja, Mr. Ogbugo … Read more
The Nigerian Army has established a General Court Martial (GCM) for the trial of five officers and 20 soldiers within the jurisdiction of the 82 Division of the army in Enugu State. The offences of the accused army personnel include murder, defilement, manslaughter, extortion and assault on civilians. Inaugurating the court martial on Tuesday in … Read more
President Donald Trump has said Ukraine President, Volodymyr Zelenskyy went to a war he knew he was never going to win. Naija News reports that President Trump also accused Zelenskyy of playing former President Joe Biden into supporting the war. In a statement on his Truth social handle, Trump blasted the European Union for failing … Read more
The Nigerian equities market recovered from the recent bearish sentiment on Wednesday, February 19, 2025, as investors gained ₦504 billion on the trading floor of the Nigerian Exchange Group (NGX). This follows a surge in the share prices of stocks like BUAFOODS, RTBRISCOE, and ETERNA amongst others on the trading floor. After five hours of … Read more
The Department of State Services (DSS) on Wednesday stopped a former Abia State House of Assembly member, Obinna Ichita from visiting the leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu. The security outfit also stopped Kanu’s legal team and his family from gaining access to him. Kanu’s lead counsel, Aloy Ejimakor made the … Read more
The Federal Government of Nigeria has initiated a new lawsuit against cryptocurrency exchange, Binance, demanding payment of ₦79.51 billion and ₦231 million—equivalent to $81.5 billion—for alleged economic losses linked to its operations in the country. The Federal Inland Revenue Service (FIRS), acting as the plaintiff, filed the lawsuit at the Federal High Court in Abuja … Read more
On Wednesday, the United States Conference of Catholic Bishops (USCCB), instituted a legal action against President Donald Trump’s administration for putting a stop to the funding of refugee resettlement program. In the suit sighted by New Telegraph, the USCCB sought to block President Trump from halting funding for various government programs and agencies. The suit … Read more
General Christopher Musa, the Chief of Defence Staff (CDS) has said that Nigeria deserves all the needed respect in the global space. Speaking on his ordeal at the Canadian Embassy after he was denied visa alongside other senior officers of the Nigerian Military, Musa said Nigeria will not tolerate any form disrespect from foreign nations. … Read more
The Federal Government has filed a lawsuit against Binance Holdings Limited at the Federal High Court in Abuja, seeking $79.51 billion and ₦231 million in compensation for alleged economic losses caused by the cryptocurrency exchange’s operations in Nigeria. The lawsuit, FHC/ABJ/CS/1444/2024, also demands $2.001 billion in income taxes for 2022 and 2023. The Federal Inland … Read more
The Speaker of the Lagos State House of Assembly, Mojisola Meranda, has denied rumours that she has resigned from her position. Her Chief Press Secretary, Segun Ajiboye, clarified on Wednesday that the information is false. He stated that both he and the Speaker were at work and had no idea where the rumour originated. The … Read more