Lawmakers Reveal Plans to Stop Sports Betting in Nigeria
The House of Representatives has decided to end sports betting in the country and called on the National Lottery Regulatory Commission (NLRC) to enforce the Lottery Regulatory Commission Act of 2005. The decision came after Rep. Kelechi Nwogu introduced a motion during a session in Abuja on Thursday. Earlier reports from the News Agency of…
FBI Arrests Seven Nigerians Over $8 Million Romance Scams
On Valentine’s Day, a federal grand jury in Salt Lake City, Utah, issued an indictment against seven defendants implicated in a romance scam that inflicted approximately $8 million in losses on victims across the United States and globally. This announcement marks a concerted effort by the U.S. Attorney’s Office, alongside law enforcement partners, to combat…
US Election 2024: I Prefer Joe Biden to Donald Trump in the White House—Russian President Putin Reveals
Russian President Vladimir Putin has expressed a preference for a Joe Biden presidency over Donald Trump ahead of the US election this November. He remarked that Biden is the more experienced and predictable candidate, a statement bound to draw attention. Before Trump’s initial presidential bid in 2016, Putin had lauded him as “outstanding and talented.”…
JUST IN: Naira Crumbles to N1,600 Per $1 as Tinubu’s Economic Turmoil Continues
The Nigerian Naira plummeted to N1,600 against the US Dollar on Thursday, underscoring ongoing economic challenges during President Bola Tinubu’s administration. Aboki Forex reported the decline despite the Central Bank of Nigeria’s efforts to stabilize the currency. Although the Naira had been weakening against the Dollar prior to Tinubu taking office last May, its decline…
BREAKING: Nigeria’s Inflation Rate Rises to 29.90% Amid Rising Cost of Living
According to a report by the National Bureau of Statistics, Nigeria experienced a rise in its average inflation rate to 29.90% in January 2024, marking an increase from the December 2023 rate of 28.92%. It said, “Looking at the movement, the January 2024 headline inflation rate showed an increase of 0.98% points when compared to…
UK Economy Enters Recession
Official data released on Thursday indicates that the United Kingdom (UK) economy has slipped into recession, marked by two consecutive quarters of negative economic growth in the latter half of the previous year. According to Reuters, the UK’s Gross Domestic Product (GDP) contracted by 0.3 percent in the fourth quarter of 2023, following a 0.1…
BREAKING: Like FAAN, CBN, Nigerian Upstream Petroleum Regulatory Commission Plans to Move Units From Abuja To Lagos
The Nigerian Upstream Petroleum Regulatory Commission is contemplating the relocation of certain units from the Federal Capital Territory, Abuja to Lagos State. This intention was disclosed in a memorandum titled ‘Movement To Lagos,’ authored by Dr. Kelechi Onyeakachi Ofoegbu, Executive Commissioner of Corporate Services & Administration, dated February 14, 2024. SaharaReporters obtained this memorandum on…
VIDEO: Watch How Nigerians Being Flogged To Get Free Yam, Bread in Lagos Amid Hardship, Hunger
A circulating video has shown how Nigerians were being struck with canes before receiving complimentary loaves of bread in Lagos Island, Lagos State. The footage reveals a large crowd lined up in queues, where individuals are methodically struck with canes before being provided with the free bread. “See how them dey flog pesin because of…
FG Drops Treason Charge Against Sowore After Judge’s Last Warning To Dismiss Case
The Federal Government has withdrawn its case against Omoyele Sowore, the #RevolutionNow convener, who was accused of treason. A Notice of Discontinuance was officially stamped by the Federal High Court in Abuja on Thursday. It was signed by the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), on Wednesday. The Notice…
Amid Hardship, Tinubu Plans to Borrow N2.5 Trn Through FGN Bond in February
Chief Bola Tinubu is set to procure N2.5 trillion in the upcoming second FGN bond auction of the year, as disclosed by the Debt Management Office in a circular released on Wednesday. This offering consists of two tranches: one valued at N1.25 trillion maturing in February 2031 and another N1.25 trillion with a 10-year tenor….