April 18, 2024
Guinness World Record: 16 hours in, Nigerian Onakoya remains undefeated in chess marathon
Renowned chess master Tunde Onakoya is on a mission to break the Guinness World Record for the longest chess marathon, which currently stands at an impressive 58 hours. His marathon began at New York City’s iconic Times Square on Wednesday, April 17, and is set to conclude on April 19. During the first 16 hours […]
CBN reduces banks’ LDR to 50%
The Central Bank of Nigeria has announced a review of the loan-to-deposit ratio (LDR) for banks, from 65 percent to 50 percent to align with the current monetary tightening. LDR is used to assess a bank’s liquidity by comparing its total loans to its total deposits. An increase in the loan-to-deposit ratio allows banks to […]
NPA to secure $700 million loan from Citibank to revamp Apapa, Tincan ports
The Nigerian Ports Authority (NPA) is set to receive a $700 million loan from Citibank, which is to be funded by the UK Export Finance (UKEF). The fund is meant to revamp the Apapa and Tincan Island ports in Lagos State. The Managing Director of NPA, Mohammed Bello-Koko, announced this development on his official X […]
EFCC siege: Abuja, Kogi courts issue counter orders over Yahaya Bello
A federal high court in Abuja has issued an arrest warrant against Yahaya Bello, a former governor of Kogi state. Emeka Nwite, the presiding judge, granted the arrest warrant to the Economic and Financial Crimes Commission (EFCC) on Wednesday. However, in a dramatic twist, a Kogi high court presided over by I. A Jamil […]
NPA introduces 72-hour access window for export trucks to avert congestion
The Nigerian Ports Authority (NPA) says it has opened a 72-hour access window for all export trucks to access designated terminals. The NPA made this known in a notice to stakeholders dated April 16, titled ‘Important Update: Revised Access Window for left-Pregated Export Trucks,’ issued by the management of Truck Transit Parks Limited (TTP). According […]
Judge threatens to adjourn Kanu’s trial indefinitely
Binta Nyako, judge of a federal high court, in Abuja, has threatened to adjourn indefinitely, the trial of Nnamdi Kanu, the detained leader of the proscribed Indigenous People of Biafra (IPOB). Nyako, at the court session on Wednesday, faulted Kanu and his lawyer for delaying the commencement of the trial. Earlier, Aloy Ejimakor, Kanu’s lawyer, […]
FULL LIST: Burna Boy makes TIME’s 100 Most Influential People of 2024
Nigerian sensational singer, Damini Ogulu, popularly called Burna Boy, has been included in Time Magazine’s 100 Most Influential People of 2024. The Time Magazine’s 100 Most Influential People recognition honours individuals who have made a significant impact on the world through their art, activism, and cultural influence. He was joined on the list by British-Nigerian […]
Tinubu directs inclusion of NOUN graduates in NYSC scheme, law school
President Bola Tinubu has ordered the ministry of education to include graduates of the National Open University (NOUN) in the National Youth Service Corps (NYSC) scheme. The president gave the directive during his presentation at the varsity’s 13th convocation ceremony on April 13 at the university’s convocation arena in Jabi, Abuja. Speaking on behalf of […]