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Local Stories
Sowore remains AAC chairman, presidential aspirant – Party
The African Action Congress on Thursday maintained that Omoyele Sowore remained the National Chairman and a presidential aspirant of the party for the 2023 elections. Read more…
PTAD says retired staff of defunct PHCN not entitled to 33% pension increase
Workers who retired as staff of the defunct Power Holding Company of Nigeria (PHCN) are not entitled to 33% pension increase, according to PTAD. Read more…
NRC says bombed Kaduna-Abuja rail track now restored
The NRC has revealed that the damaged Abuja–Kaduna Train Service (AKTS) track destroyed by an explosion in a terrorist attack in March has been restored. Read more…
Ekiti prince to die by hanging for killing monarch
An Ekiti State High Court, Ado Ekiti Division, has sentenced a 42-year-old prince, Ademola Omoniyi, to death by hanging for killing the traditional ruler of his community. Read more…
Varsity researchers suspend strike, FG meets SSANU, NASU
THE Academic Staff Union of Research Institutions has suspended its strike, which commenced last October over unresolved issues with the Federal Government. Read more…
Customs intercept 12 trucks of imported poisonous rice
THE Federal Operations Unit, Zone A, of Nigeria Customs Service, says it intercepted 7,259 bags of 50kg of foreign parboiled rice which is equivalent to 12 trucks in April. Read more…
International Stories
Karine Jean-Pierre: White House names first black press secretary
President Biden has named Karine Jean-Pierre as his new top spokesperson - the first time a black, or openly gay, person has held the role. Read more…
Cocaine found in coffee sent to Nespresso plant
Swiss police say they have seized 500kg of cocaine from a shipment of coffee that was sent to a Nespresso factory. Read more…
Jealous Depp kicked me over Franco 'affair' - Heard
Amber Heard says a perceived affair with fellow actor James Franco led to ex-husband Johnny Depp assaulting her on a cross-country flight in 2014. Read more…
Business Matters
Customs agents again suspend vehicle clearance at ports over 15% NAC levy
Clearing agents have again abandoned vehicle clearance at the port due to confusion over 15% NAC Levy. Read more…
Over 100,000 traders lose $403 million as Bitcoin falls below $36,000
Following US Fed's increase in interest rate, 103,518 traders in the cryptocurrency space got their accounts liquidated as cryptos nosedived. READ MORE
FG hikes electricity tariff, consumers condemn power sector privatisation
The Federal Government through its Nigerian Electricity Regulatory Commission on Thursday officially released different documents indicating the approved power tariff increase payable by consumers to various electricity distribution companies in Nigeria. Read more…
Subscribers reject planned tariff hike, vow to oppose telcos
Telecommunication subscribers under the aegis of the National Association of Telecoms Subscribers have rejected the planned 40 per cent tariff hike by telecommunication operators, read more…
Naira weakens at official market as dollar supply falls to $108 million
The exchange rate between the naira and the US dollar closed at N419/$1 at the Investors and Exporters (I&E) window, where FX is traded officially. Read more…
Tech Updates
rali_cap gets backing from global VCs and launches $30M fintech fund for emerging markets
Rali_cap, an early-stage venture capital firm focused on emerging markets fintech, has launched a $30 million fund. Last month, the firm, formerly known as Rally Cap Ventures, reached its first clo... Read more…
Metro
'It feels good breaking the Internet' - Yul Edochie
The movie star made this known via his Instagram page on Thursday, May 5, 2022. Read more…
Lagos driver allegedly defiles boss’ five-year-old granddaughter inside car
An insurance practitioner, identified only as Oyenuga, on Thursday, told an Ikeja Domestic Violence and Sexual Offences Court how his driver, Folarin Rauf, 55, allegedly defiled his five-year-old granddaughter at his residence in Lagos State. Read more…