Author: News Room

A mysterious fire broke out in the early hours of Tuesday, at Onitsha main market, in Anambra State. Main Market, Onitsha, is reputed to be the biggest market in West Africa, and hosts a large population of traders, who are mainly importers of goods, and deal in varied products. A source, Mr Barth Ifediora, who raised alarm, said the fire broke out early morning of Tuesday, in a section of the market known as White House. White House is the office of the leaders of the market, an expansive… Read the full article here

Popular Nigerian singer and songwriter Simisola Bolatito Kosoko, better known by her stage name Simi, has slammed the Independent National Electoral Commission, INEC, over the conduct of the 2023 general election. The singer feels that the electoral process was disappointing and did to level up to the N300 billion used in conducting the elections. Simi further slammed Nigerian youths, especially those who have made themselves tools in the hands of desperate politicians, reminding them that… Read the full article here

Former AS Monaco striker, Victor Ikpeba, has backed Arsenal to win the Premier League title ahead of Manchester City this season. Ikpeba believes this season’s Premier League title is a two-horse race, adding that Arsenal has an edge over Man City, who currently sits in second position behind the Gunners on the log. Speaking on the SuperSport magazine show, Monday Night Football, Ikpeba said, “Arsenal have won six consecutive league games since they lost to Manchester City. Arsenal in… Read the full article here

The European Union is concerned about the deterioration of the political and economic situation in Tunisia and fears a collapse of the country, declared Monday the head of European diplomacy Josep Borrell. “The situation in Tunisia is very dangerous,” he warned after a meeting of EU foreign ministers in Brussels. “If Tunisia collapses, this risks causing migratory flows towards the EU and causing instability in the MENA region. We want… Read the full article here

The day after the International Atomic Energy Agency (IAEA) announced that several tonnes of natural uranium had disappeared, the Libyan National Army claimed to have found it. There are certain events that are highly symptomatic of a country’s situation. There are also national transitions that make any satirical treatment derisory since the facts themselves contain all the elements of a… Read the full article here

Abia State Human Rights and Pro-democracy Group has called on the Independent National Electoral Commission to immediately rise up to the occasion and save Abia State from avoidable crisis by resolving the logjam encountered in the governorship election held on Saturday. The group in a statement signed by its coordinator, Mr Damian Ogudike, on Tuesday, noted with dismay that INEC State Returning Officer, Resident Electoral Commissioner and other actors in the… Read the full article here

Hoodlums, on Monday, allegedly attacked a driver, Dickson Okechukwu, and wrecked his vehicle for ramming into a motorcyclist and his passenger while driving against the traffic in the Alagbole area of Akute, Ogun State. PUNCH Metro gathered that Okechukwu, who dwells in a nearby estate, after ramming into the Akute-bound motorcycle, attempted saving the motorcyclist and the lady he was conveying to a destination in the area. In the process, some hoodlums numbering… Read the full article here

The major thought of every powerless Nigerian is how to survive without cash in the next minutes or next second because of government ad hoc monetary policy on currency redesign. According to the Act that sets up the Central Bank of Nigeria, the only institution that can print the domestic currency is the CBN. Those who designed the Act were conscious of the danger of allowing multiple issuers but never envisaged that such an important task can be carried out without… Read the full article here

The presidential candidate of the Labour Party in the February 25 election, Peter Obi, has replied a former governor of Enugu State, Chimaroke Nnamani, who recently lost his seat in the Red Chamber to the Labour Party’s candidate, Kelvin Chukwu. Nnamani, who was seeking a return ticket to represent Enugu East in the National Assembly, had blamed Obi for his defeat and accused him of playing “wicked and dangerous politics.” Responding in a letter to the former… Read the full article here

FCMB Group Plc has announced the issuance of N20.68bn perpetual 16 per cent fixed rate resettable NC5.25 additional tier 1 capital subordinated bond as part of its N300bn debt issuance programme.  In a corporate notice signed by the Company Secretary, Olufunmilayo Adedibu, to the Nigerian Exchange Limited, the firm said the N20.68bn bond was issued at a clearing coupon of 16.0 per cent per annum. The group said that the AT1 issuance was the first non-Sharia local… Read the full article here