Ukraine President Volodymyr Zelensky announced on Tuesday that Ukrainian forces now control 74 settlements in Russia’s Kursk border region. This marks a significant increase from the 28 settlements reported by the Kursk governor on Monday. In his evening address, Zelensky highlighted the ongoing, intense fighting but emphasized the continued progress of Ukrainian forces in the…
The Lagos State High Court has declared the sale of a property used as collateral by the late Otunba Adedoyin Olayide Ogunde, a Union Bank customer, as fraudulent. Justice I.O. Harrison delivered the judgment in a case filed by the beneficiaries of Ogunde’s estate against Union Bank on May 31. Ogunde, who owned a valuable…
The Special Investigation Unit (SIU) of the Nigeria Police Force (NPF) has arrested Olamilekan Akinduro, a Lagos-based accountant, on charges of allegedly organizing a group of disgruntled investors from Oxford International Group to demand their overdue funds. AbdulFatai Oshioda, a friend of Akinduro and a staff member at the office of the Inspector General of…
Skyway Aviation Handling Company PLC (SAHCO) has compensated Tolulope Adeniran, an Abuja resident, with N100,000 after her luggage was damaged during a flight from Abuja to Kwara State. The compensation came after a two-month delay, following a complaint she filed regarding the damage. Adeniran, who flew with Overland Airways on June 5, discovered that one…
The Federal Government has disbursed the outstanding 45-month minimum wage arrears owed to employees of the Nigerian Meteorological Agency (NiMet), according to a statement released on Monday by Okechukwu Nwokoro, Secretary of the NiMet Union Joint Action Committee. The arrears, which had been pending since 2019, had been a major point of contention between NiMet…
By Ayomide Otitoju Zenith Bank Plc has launched a major capital-raising initiative to generate N290 billion in fresh funds through a combination of rights issues and a public offer. This move is aimed at bolstering the bank’s expansion efforts both within Africa and internationally. The bank is offering 5.23 billion shares at N36 each to…
By Ayomide Otitoju In response to President Bola Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude oil to local refineries in Naira, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, convened a high-level stakeholder meeting on Monday. The meeting was held at the Finance Ministry headquarters…
By Ayomide Otitoju The gospel music community is in mourning following the untimely death of rising star Aduke Ajayi, widely known by her stage name, Aduke Gold. The news of her passing was confirmed on Tuesday by fellow gospel artist Esther Igbekele, who shared a heartfelt tribute on social media. Alongside a picture of Aduke…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has strategically reduced its stake in the Dangote Refinery from 20% to 7.2%, opting to divert funds toward the development of Compressed Natural Gas (CNG) infrastructure across the country. This was disclosed by NNPCL spokesperson Olufemi Soneye during an appearance on Berekete Family Radio, a…
