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A US-based Nigerian engineer has pleaded guilty in an American federal court to diverting $1.64 million into his family’s private bank accounts. The defendant Adebanjo Popoola, manipulated corporate payment systems over several years to channel corporate funds away from his employers. Federal prosecutors revealed that the engineer abused his senior technical access to authorise fraudulent…
The Nigerian naira depreciated to N1,395 against the US dollar in the parallel market on Monday. This drop marks a noticeable departure from the stable N1,380 trading range maintained last week. Currency dealers attribute the sudden slide to a concentrated surge in end-of-month corporate demand. Speculative buyers have also re-entered the unofficial market to hedge…
Sixteen-year-old Osasere Okundaye has made history by qualifying as Nigeria’s youngest chartered accountant. She secured her professional credentials through the Institute of Chartered Accountants of Nigeria. Her achievement has drawn formal commendation from the federal government. This milestone breaks the previous national record set by a seventeen-year-old in 2022. Okundaye managed to clear the notoriously…
Tobi Amusan secured a commanding victory in the women’s 100-metre hurdles at the Paris Diamond League. The Nigerian world record holder crossed the finish line in 12.28 seconds to equal her season’s best. Her clinical performance at the Stade Charléty reinforces her status as the gold-medal favourite for the upcoming Commonwealth Games. Amusan successfully held…
Apple and Microsoft have rolled out steep price increases for their primary hardware products, blaming a global surge in memory chip costs. The global tech giants announced the coordinated price adjustments on Thursday to offset the rising cost of semiconductor components. Apple immediately implemented price hikes of twenty per cent or more across its entire…
More than nine out of every ten naira in circulation remains outside the formal banking system despite aggressive digital payment initiatives. The latest Money and Credit Statistics released by the Central Bank of Nigeria revealed that cash held outside banks climbed to N5.19tn in May. This figure marks a steady increase from the N5.08tn recorded…
Former Kaduna State Governor Nasir El-Rufai has chosen to file a no-case submission in his criminal trial for alleged wiretapping. His defence lawyer, Paul Erokoro, announced the decision before the Federal High Court in Abuja on Tuesday. The move followed an announcement by the Department of State Services that it had concluded its prosecution. State…
A deadly surge in Lassa fever infections is overwhelming local containment efforts across Nigeria. The Nigeria Centre for Disease Control and Prevention revealed that total fatalities from the viral outbreak have climbed to 214 this year. More troubling than the raw death toll is a soaring case fatality rate, which has reached a grim 25…
A continuous wave of armed banditry and ransom kidnappings has forced the total abandonment of Owa-Onire town in the Ifelodun Local Government Area of Kwara State. Police tactical units, including the Mobile Police Force and specialized anti-kidnapping squads, discovered the empty settlement during a sweeping forest clearance operation. Heavily armed patrols moved through deserted residential…
President Bola Tinubu has congratulated the armed forces following a breakthrough in the domestic security campaign. Military operatives have killed a notorious bandit leader responsible for terrorising communities across north-central Nigeria. The successful strike team also secured the release of a high-profile kidnap victim during the same operational push. This dual breakthrough offers a rare…
