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Nigeria’s economy attracted higher foreign portfolio investment (FPI) inflows totaling $3.48 billion in the first six months of 2024 compared with $756.1 million in the previous year, a report has indicated.This is attributed to the Central Bank of Nigeria’s (CBN) economic reforms which have continued to enhance Nigeria’s position as an attractive investment destination. This resulted in the volume of FPIs in six months of reforms, compared with $756.1 million in the pre-reforms era.SPONSOR AD This trend reflects growing investor confidence in the CBN’s ability to manage the financial system and economy, and constitute a positive signal for global investors.Nigeria’s…

Four persons have reportedly lost their lives in two separate accidents which occurred at an army checkpoint in Abaji, along the Abuja -Lokoja highway. A witness said the first accident happened on Wednesday afternoon and it involved a golf car and a trailer near an army checkpoint along the highway. He said the accident happened after the driver of the trailer, coming from the Lokoja axis, lost control and crashed into the golf car, adding that three persons died on the spot. He said three other passengers from the car sustained injuries and were rushed to Abaji General Hospital and…

The feud between Elon Musk and President Donald Trump about the “Big Beautiful Bill” continued on Thursday.Musk, the world’s richest man who played a key role in the emergence of Trump, was appointed head of the Department of Government Efficiency (DOGE). But last week, Musk announced that he was quitting Trump’s governmentSPONSOR AD He quit his role a day after he spoke out against a Trump-backed spending bill.The controversial bill is a centrepiece of Trump’s second-term domestic agenda, combining major tax cuts, stricter immigration enforcement, welfare programme overhauls, and significant increases in border security funding.Since Musk’s exit from the White…

The fallout between tech billionaire Elon Musk and former U.S. President Donald Trump escalated on Thursday, as both men exchanged sharp words following Musk’s sudden resignation from Trump’s cabinet. Musk, who served as head of the Department of Government Efficiency (DOGE), stepped down last week just a day after publicly opposing the administration’s flagship policy, the “Big Beautiful Bill.” The bill, which combines tax cuts with tough immigration and welfare reforms, has drawn criticism from Musk, who described it as “fiscally reckless.” The Tesla and SpaceX CEO, who had been a prominent supporter of Trump, has since become increasingly vocal…

Families of seven murdered farmers in Gaba community, Lavun Local Government Area of Niger State, have condemned the recent state pardon granted to 11 men sentenced to death for the killing, warning that the decision could reignite communal unrest. The convicts were found guilty by Justice Maimuna A. Abubakar of the Niger State High Court and sentenced to death by hanging on February 2, 2022, after a four-year legal battle. The court had ruled they were responsible for the 2018 murder of seven farmers and the injury of two others during a violent attack on Gaba community farmlands. Addressing journalists…

A Nigerian pilgrim has died on the plain of Arafat.The Chairman, National Hajj Commission of Nigeria (NAHCON), Prof Abdullahi Saleh Usman, disclosed this to newsmen shortly after the national prayer organized by the commission. “We received as a sad news that we lost one of our pilgrims today in Arafat, and the other one died before we left Mecca,” he said.SPONSOR AD He also said the pilgrim’s death was natural, ruling out speculations that it was caused by heat wave.Meanwhile, NAHCON has repeatedly warned that the name of any deceased person must not be made public by the commission or…

The Minister of the Federal Capital Territory, Nyesom Wike, has declared that President Bola Tinubu is firmly in control of the federal government, stressing that there is no cabal pulling the strings behind the scenes. Wike made this known on Thursday while delivering the keynote address at the 2025 Obafemi Awolowo University Distinguished Personality Lecture in Ile Ife, Osun State. According to the former Rivers State governor, Tinubu’s leadership has proven to be decisive and transparent, dismissing speculations of hidden hands within the current administration. “Under Tinubu, there is nothing like cabal. This is a president that is in charge,”…

The Country Director of ActionAid Nigeria, Andrew Mamedu, has described the ongoing violence in Benue State as “sustained terror,” rather than isolated attacks, warning that the humanitarian crisis unfolding in the state reflects a deeper national wound.Mamedu speaking at a press conference in Makurdi, the state capital, on Thursday through David Habba, the ActionAid’s Humanitarian and Resilience Programme Specialist, noted that the nature of the killings, destruction, and displacement of communities across the state amounts to a prolonged tragedy requiring urgent national attention. “For the past 45 days, our consortium has been on the ground, responding to a humanitarian crisis…

 Jubilation has erupted in various villages of Wase Local Government Area of Plateau State over the killing of at least five suspected kidnappers in Kadil Masudu. Sources told Daily Trust the incident occurred around 11 am on Tuesday. Our correspondent reports that bandits and kidnappers have been terrorizing Wase communities for yearsThis development comes two weeks after kidnappers attacked Dogon Ruwa community in Bashar District on market day, killing one person and abducting a businessmen.Confirming the killings, youth leader, Shapi’i Sambo, said a vigilante group member lost his life while others were injured during the clash.He added that a kidnapped victim held…

As Nigeria joins the rest of the world to celebrate the World Environment Day, (WED), which holds every June 5, the Nigerian Institute of Town Planners (NITP) has called on the Federal government to ban the use of plastics as packaging materials in stores and markets across the country.Adding that the use of organic materials such as leaves for packaging of food, instead of plastics and related materials should be pursued This is even as they urged government to implement policy interventions aimed at curbing plastic pollution in Nigeria.SPONSOR AD The NITP National President, Dr Ogbonna Chime, made the call…