Meaning of FGN Bond An FGN (Federal Government of Nigeria) Bond is a debt security issued by the Nigerian government to raise funds from the public. These bonds are considered low-risk investments as they are backed by the government’s credit. Investors purchase FGN Bonds with the expectation of...
Lagos
The Nigeria Centre for Disease Control and Prevention (NCDC) has reported 1,598 suspected cases of cholera across 107 local government areas. The cholera outbreak is characterised by a case fatality rate of 3.5 per cent, significantly higher than the national expected average of one per cent, underscoring severity...
President Bola Ahmed Tinubu had to cut short his Eid-el-Kabir celebrations in Lagos as an international duty beckoned. His South African counterpart, Cyril Ramaphosa, had sent a special invitation to him to attend his inauguration, following the election and successful coalition talks that ushered Ramaphosa into office for a...
By EMMANUEL KUJE, Abuja – A total of 230,600 pills of tramadol 225mg and 200mg were recovered from the duo of Yasir Rabi’u, 23, and Abubakar Ado, 30, who are major distributors of illicit drugs in Kano and Jigawa states, when they were arrested by NDLEA operatives on...
Air Peace has announced the extension of its schedule availability for the Lagos-London-Lagos route, with flights now bookable until March 2025. This is contained in a statement by a Senior Communications Officer of the airline, Mr Efeoghene Osifo-Whiskey on Saturday in Lagos. The airline stated that its London...
Stranded Super Eagles players now in Uyo – NFF Director of Communications, Nigeria Football Federation (NFF), Ademola Olajire, on Tuesday confirmed that the stranded Super Eagles players in Lagos and Abuja had arrived Uyo, capital of Akwa Ibom. The News Agency of Nigeria (NAN) reports that some of the...
Osun State Governor, Ademola Adeleke has said he inherited more than 80 per cent infrastructural deficit from the immediate past administration of the state. Governor Adeleke disclosed this at a programme organised by the Osun Development Association in Lagos on Sunday. The News Agency of Nigeria (NAN) reports...
By OLA MUDOPE, Lagos – Large consignments of codeine-based syrup and Loud, a synthetic strain of cannabis worth over Two Billion One Hundred and Eighty-Five Million Naira (N2,185,000,000.00) in street value have been intercepted at the Port Harcourt seaports, Onne and the Murtala Muhammed International Airport, MMIA Ikeja...
President Bola Tinubu on Sunday inaugurated the construction of the 700km Lagos-Calabar Coastal Highway, saying it would revolutionise transportation in Nigeria and boost unique economic strength of each zone. The President spoke from the Ahmadu Bello Way, Victoria Island, Lagos end of the project, which would traverse nine...
An Ejigbo Magistrates’ Court, Lagos State, on Friday remanded a 22-year-old man, Victor Orlando, who pleaded guilty to stealing two television sets from a church. The Magistrate, Miss K. A. Ariyo, directed that Orlando should be kept in a custodial facility pending review of facts of the case...
The Duke and Duchess of Sussex, Prince Harry and Meghan, on Sunday arrived Lagos from Abuja to continue a three-day visit to Nigeria. The News Agency of Nigeria (NAN) reports that the royal couple arrived on board an Air Peace flight. The British Royal couple...
The Nigeria Amputee Football Federation has unveiled the football team’s kits ahead of the Amputee African Cup of Nations (AAFCON) slated for Cairo, Egypt from May 18 to May 30. The News Agency of Nigeria (NAN) reports that Ex-Nigerian International, Segun Odegbami, unveiled the new ‘Special Eagles’ jerseys...
By MBAFAN ADE, Abuja – As the nationwide supply and distribution of Premium Motor Spirit (PMS), also known as petrol, continue to improve, the Nigerian National Petroleum Company (NNPC) Limited has once again called on motorists to shun panic buying of the product. This is contained in a statement...
The Federal Government says demolition of structures within the first three kilometers of Lagos-Calabar Coastal Highway will begin on Saturday, April 27. The Federal Controller of Works, Lagos, Mrs Korede Keisha, disclosed this at a news conference on Thursday in Lagos. She said that structures to be demolished would...
Lagos Coordinator, JAMB Equal Opportunity Group, Prof. Olarenwaju Fagbohun, has said the board would refund fees paid by deserving visually-impaired candidates for the purchase of the Unified Tertiary Matriculation Examination UTME forms. Olarenwaju, a former Vice-Chancellor of Lagos State University (LASU), gave the assurance at the Distance Learning...
A 42- year old woman, Ihuoma Onunyere, was on Wednesday docked in an Ikeja Magistrates’ Court for allegedly stealing N2.1 million from her late boyfriend’s account. The defendant, a businesswoman, who resides in 16, Joseph Harrison St., Iwaya area, Yaba, Lagos, is charged with theft. She, however, pleaded...
A Federal High Court in Lagos on Wednesday, granted bail in the sum of N10 million to Nigerian businessman, Pascal Okechukwu a.k.a Cubana Chief Priest charged with alleged Naira Abuse The Economic and Financial Crimes Commission (EFCC) arraigned the defendant on a three-count charge of allegedly spraying and...
The Lagos State coroner inquest instituted to unravel the cause of the death of Sylvester Oromoni, a 12-year old student of Dowen College, Lekki, Lagos, has revealed that he died a natural death. The Lagos coroner, Magistrate Mikhail Kadiri, stated in a 255-page judgement, on Monday, that the...
By EZEKIEL OBI, Abuja – Operatives of the National Drug Law Enforcement Agency, NDLEA, have intercepted a commercial bus conveying N3.2million counterfeit cash. This is contained in a statement by the NDLEA Director, Media and Advocacy, Mr Femi Babafemi, on Sunday in Abuja. Mr. Babafemi said the counterfeit cash...
NIPCO Plc has completed four Compressed Natural Gas (CNG) stations in Lagos, set for inauguration by May. The Managing Director of NIPCO Gas Ltd., Mr Nagendra Verma, disclosed this during an interaction with newsmen on Sunday in Lagos. Verma, who highlighted the significance of CNG as a viable...