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Friday, 07 March 2025 04:50

FG sets organ transplant rules to fight exploitation, echoes Ekweremadu case

Nigeria has launched comprehensive standards and guidelines for organ and tissue transplants, aiming to regulate a sector plagued by ethical concerns and exploitation. The move comes amid heightened scrutiny of organ trafficking, particularly in light of the high-profile case of former Deputy Senate President Ike Ekweremadu, who is currently serving a jail term in the UK for his involvement in a human organ harvesting scheme. The new guidelines, unveiled on Thursday by Minister of State for Health Iziaq Salako, seek to establish transparency and adherence to international best practices in Africa's most populous country. They explicitly prohibit the sale of…

Friday, 07 March 2025 04:47

Nigerian Air Force personnel invade power company office in Lagos over blackout

On Thursday at 7:40 a.m., armed Nigerian Air Force personnel from the Sam Ethnan Air Force Base in Ikeja, Lagos, forcibly entered the headquarters of Ikeja Electricity Distribution Company (IKEDC), located opposite the MITV building. Led by a female officer, the military group blocked nearby roads and held staff and visitors inside, causing disruption and unease in the vicinity. Reason Behind the Military Action The incident stemmed from a two-week power outage at the Air Force base, triggered by IKEDC disconnecting supply due to an unpaid debt amounting to millions of naira. Sources revealed that the Air Force had a…

Thursday, 06 March 2025 04:36

US-China trade war escalates as both sides declare readiness for ‘any type of war’

The ongoing trade war between the United States and China has intensified, with both nations issuing strong warnings and affirming their preparedness for any form of confrontation. China’s warning came in response to US President Donald Trump’s decision to impose new tariffs on all Chinese imports, doubling some levies from 10% to 20%. Beijing retaliated swiftly, imposing tariffs of 10%-15% on US agricultural products and placing 25 American companies under export and investment restrictions. In a statement echoed by the Chinese embassy in Washington, Foreign Ministry spokesperson Lin Jian declared, “If war is what the US wants, be it a…

Thursday, 06 March 2025 04:35

Two killed, six injured in Lagos building collapse amid growing concerns over structural safety

Two people have been confirmed dead, and six others sustained injuries after a two-storey building collapsed on Wednesday in the Lekki area of Lagos. This latest incident adds to the litany of building collapses that have plagued Lagos State in recent years, raising serious concerns about the structural integrity of buildings and the enforcement of construction regulations in Nigeria’s commercial hub. Emergency responders from the Lagos State Emergency Management Agency (LASEMA) and the National Emergency Management Agency (NEMA) were able to rescue six individuals, who were rushed to Marina General Hospital for treatment. Earlier reports from the police indicated that…

Wednesday, 05 March 2025 04:53

Nigeria ranks third as Africa’s external debts balloon to $1.17trn - Afreximbank

The Africa Export and Import Bank (Afreximbank) has released a revealing report on the continent's debt situation, highlighting both challenges and potential opportunities for economic growth. Key Debt Statistics As of the first half of 2024, ten African nations accounted for 69 percent of the continent's total external debt, up from 67 percent in 2023. The top debt-holding countries are: 1. South Africa (14%) 2. Egypt (13%) 3. Nigeria (8%) 4. Morocco (6%) 5. Mozambique (6%) Debt Trends and Projections The continent's external debt has grown significantly, reaching approximately $1.16 trillion in 2023 and projected to increase to $1.17 trillion…

Wednesday, 05 March 2025 04:52

Nigeria's foreign reserves experience steady decline. Here’s the performance sheet since January 2025

Key Highlights - Total Decline: $1.31 billion (3.3%) in February 2025 - Starting Reserve: $39.72 billion (January 31, 2025) - Ending Reserve: $38.42 billion (February 28, 2025) - Decline Larger Than January: Previous month saw a $1.16 billion reduction Reserve Trajectory: A Month of Continuous Descent Early February Trend - February 3: $39.60 billion - February 4: $39.54 billion - February 7: $39.04 billion - February 10: $39.27 billion Mid-Month Performance - February 12: $39.15 billion - February 17: $38.88 billion - February 19: $38.72 billion - February 21: $38.69 billion Month-End Position - February 28: $38.41 billion Market Context…

Wednesday, 05 March 2025 04:50

Former Nigerian Immigration chief Parradang found dead in Abuja hotel after visit by unknown woman - Police

The Nigerian Police have provided details regarding the death of David Parradang, a retired Comptroller General of the Nigerian Immigration Service, dispelling rumors that he was killed by kidnappers. According to a statement from the Federal Capital Territory (FCT) Police Command in Abuja, Parradang was discovered deceased in a hotel room under circumstances that are now under investigation. The statement, issued by FCT Police Public Relations Officer Josephine Adeh, a Superintendent of Police, revealed that Parradang checked into Joy House Hotel, located at Area 3 Junction in Abuja, at approximately 12 p.m. on March 3, 2025. He arrived in a…

Tuesday, 04 March 2025 04:53

US suspends aid to Ukraine after Zelenskyy’s spat with Trump

The Trump administration is pausing all aid to Ukraine, including weapons in transit or in Poland, until Ukrainian leaders show more appreciation for U.S. support and a commitment to peace, Fox News has learned. The pause comes days after a contentious meeting between Ukrainian President Volodymyr Zelenskyy and President Donald Trump in the White House over how to end the three-year conflict initiated by Russia. "President Trump has been clear that he is focused on peace," a White House official told Fox News. "We need our partners to be committed to that goal as well. We are pausing and reviewing…

Monday, 03 March 2025 04:53

Guinea-Bissau president threatens to expel ECOWAS mission

Guinea-Bissau's President Umaro Sissoco Embalo threatened to expel a political mission sent to his country by the Economic Community of West Africa States (ECOWAS), the political and economic bloc said on Sunday. A dispute over when Embalo's presidential term, which began in 2020, should end has heightened tensions that risk unrest in a nation with a history of military coups. The tiny West African nation's political opposition says Embalo's term should have expired last week, while the Supreme Court of Justice has ruled that it ends on September 4. Embalo, who chaired ECOWAS from mid-2022 to mid-2023, said on February…

Saturday, 01 March 2025 05:18

Sultan announces start of Ramadan in Nigeria

The Sultan of Sokoto and Leader of the Muslim Ummah in Nigeria, Muhammad Sa’ad Abubakar, declared on Friday, February 28, 2025, that the holy month of Ramadan will begin on Saturday, March 1, 2025. This announcement marks the start of the ninth month of the Islamic lunar calendar, a period observed by Muslims worldwide through fasting, prayer, and reflection. The Sultan stated that the decision was based on verified and authenticated reports of the sighting of the new crescent moon from various Muslim leaders across Nigeria. He confirmed that these reports had been thoroughly reviewed and accepted. “Today, Friday, February…

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Friday, 28 February 2025 04:50

FG, states, LGs share N1.7trn from January revenues, an increase of 19.6% over preceding month

The Federation Account Allocation Committee (FAAC) has distributed N1.703 trillion in revenue for January 2025 among the Federal Government, states, and Local Government councils. This marks a significant 19.6% increase (N279 billion) compared to December 2024's allocation of N1.424 trillion. According to a statement released Thursday by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant General of the Federation, the distributed funds comprised: - N749.727 billion in statutory revenue - N718.781 billion from Value Added Tax - N20.548 billion from Electronic Money Transfer Levy - N214 billion in augmentation Total gross revenue for January…

Thursday, 27 February 2025 04:57

NAFDAC seizes N1trn worth of illicit drugs; DG cries out over threats to her life

The National Agency for Food and Drug Administration and Control (NAFDAC) has seized over N1 trillion worth of banned, expired, and substandard medical products in a nationwide crackdown, while also sealing 11,000 shops. The Director-General of NAFDAC, Mojisola Adeyeye, disclosed this during a press briefing at the Presidential Villa in Abuja on Wednesday. However, she also raised concerns over threats to her life and the safety of NAFDAC staff, calling for increased protection as the agency intensifies its fight against counterfeit drugs. The operation, which targeted major open drug markets in Onitsha, Aba, and Lagos, resulted in the confiscation of…

Wednesday, 26 February 2025 04:44

Nigeria's GDP grew 3.84% in Q4 2024, annual growth reaches 3.40% - NBS

Nigeria's annual Gross Domestic Product (GDP) grew by 3.84 percent in the fourth quarter (Q4) of 2024, according to a report published Tuesday by the National Bureau of Statistics (NBS). This growth rate exceeds both the 3.46 percent recorded in Q3 2024 and the 3.46 percent from Q4 2023. The services sector was the primary driver of economic growth, expanding by 5.37 percent and contributing 57.38 percent to the aggregate GDP. Meanwhile, the agriculture sector grew by 1.76 percent, down from 2.10 percent in Q4 2023, and the industry sector expanded by 2.00 percent, a decline from 3.86 percent in…

Tuesday, 25 February 2025 05:07

Nigeria Customs Service reverses 4% import charge policy

The Nigeria Customs Service (NCS) has retracted its earlier announcement regarding the implementation of a 4% Free on Board (FOB) import charge. The agency has called on stakeholders to update their declarations to facilitate the smooth clearance of goods. In a statement issued by the National Public Relations Officer, Assistant Comptroller of Customs Abdullahi Maiwada, on behalf of the Comptroller-General of Customs, the NCS explained that the decision was made to ensure operational clarity, maintain consistency, and avoid potential disruptions in the clearance process. The statement urged all affected parties to promptly revise their entries using the designated customs processing…

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