The Minister of Education, Dr Tunji Alausa, announced that the Federal Government released ₦2.3 billion to universities nationwide. The funds cover Batch 8 salary and promotion arrears for teaching and non-academic staff. This move shows the government’s commitment to clearing long-standing financial backlogs in public universities. Purpose of the Funds Dr Alausa explained that the…
On Wednesday, the National Assembly approved President Bola Tinubu’s request to secure $2.347 billion from the international capital market. The funds will help part-finance the 2025 budget deficit and refinance maturing Eurobonds. Therefore, the government can meet critical fiscal obligations while stabilizing the economy. $500 Million Sovereign Sukuk to Fund Infrastructure Additionally, the Assembly approved…
In 2025, the wealthiest musicians in the United States are not just creating chart-topping hits. They are building empires through smart investments, brand partnerships, and ownership of their music catalogs. This list highlights the top five richest artists in the U.S., based on verified reports and financial insights from trusted sources like Forbes and Bloomberg….
The National Drug Law Enforcement Agency (NDLEA) has recorded major progress in its fight against drug trafficking and abuse. Over the past 30 months, the agency arrested 45,853 suspects, seized more than 8.5 million kilograms of drugs, and secured 9,263 convictions. It also rehabilitated 26,613 drug users and conducted 9,848 sensitisation campaigns in schools, workplaces,…
The Federal Government has unveiled a new regulation requiring electricity Distribution Companies (DisCos) to meet a minimum capital adequacy standard before renewing their licences. Minister of Power, Chief Adebayo Adelabu, announced the policy during the Nigeria Energy Forum in Lagos. He explained that the move aims to fix persistent undercapitalization and mounting debt issues that…
Hormel Foods has announced a recall of nearly 4.9 million pounds of frozen boneless chicken products following reports of metal fragments in the meat. The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) classified this as a Class I recall, meaning it poses a serious health risk. The recalled items reached restaurants, hotels,…
French authorities have arrested two men believed to be behind the recent theft of crown jewels from the Louvre Museum in Paris. Officers captured the first suspect while he attempted to flee through Charles de Gaulle Airport. The second man was later tracked down in the Paris suburbs after investigators followed his calls and financial…
AC Milan looked sharp from the start, but Atalanta showed resilience and struck back to earn a 1-1 draw at the New Balance Arena. Milan’s early goal threatened to settle the game, yet Atalanta refused to stay quiet. They responded strongly, particularly before halftime, and ultimately secured a deserved point. First Half: Ricci Opens, Lookman…
The Federal Inland Revenue Service (FIRS) has collected a total of ₦22.59 trillion in taxes between January and September 2025.The Chairman of FIRS, Dr. Zacch Adedeji, announced this in a statement, describing the achievement as proof of the success of the agency’s ongoing fiscal and administrative reforms. He explained that between October 2023 and September…
The University of Lagos (UNILAG), Akoka, has banned all unauthorized skitmaking and video production on its campus. This restriction covers hostels, classrooms, and other school facilities. In a statement signed by Adejoke Alaga-Ibraheem, Head of Communication, UNILAG said it is concerned about the growing number of people filming without permission. The school explained that the…
