In a significant move to bolster grassroots football development in Lagos State, Nigerian international football star Obafemi Martins (popularly known as Obagoal) has donated 40 pairs of footballs to the Lagos State Government’s Football Grassroots Camping Program. This altruistic gesture aims to support the discovery of young talent and promote[Read More…]
News
OPay Gets Court Order to Restrict Customer Accounts over ₦714m System Glitch
OPay, Chinese-backed fintech giant has received approval from a Federal High Court in Lagos to freeze customer bank accounts in thirty listed banks as part of a process to recover ₦714 million received by customers during a system glitch. A TechCabal exclusive has that the system glitch occurred from December[Read More…]
Hope PSB hit by ₦6.5 billion cyberattack, seeks legal recourse for recovery
Hope Payment Service Bank, the self-described “premier digital-first bank in Nigeria,” has begun a legal process to recover ₦6.5 billion fraudulently obtained from its banking platform by unknown persons. “On about July 15, 2024, there was unauthorised access to the Plaintiff’s banking platform, following which huge sums of money were[Read More…]
Court rejects Ortom’s request to stop probe
A Makurdi High Court recently, presided by Justice Tertsea Asue, on Monday declined to grant an application by former governor of Benue, Samuel Ortom seeking to appeal against its ruling. In the ruling, the court had dismissed his ex parte motion seeking to stop Gov. Hyacinth Alia from investigating him.[Read More…]
Nigerian Communications Commission directs telcos in Nigeria to conduct billing audits
The Nigerian Communications Commission (NCC) has directed telecommunication companies in Nigeria to conduct a comprehensive audit of their billing systems. A source within the Commission, who requested anonymity, revealed this development to our correspondent. The source confirmed that KPMG, one of the leading global audit firms, has been appointed to[Read More…]
Air tickets cross-border trading must be tackled — FCCPC
Cross-border trading of foreign airlines Inventories, which has impacted negatively on Nigeria’s travel economy, has been described as a monster that must be tackled frontally and destroyed. Alhaji Adamu Abdullahi of the Federal Competition and Consumer Protection Commission ( FCCPC), stated that the trend if left unchecked, is dangerous, worrisome,[Read More…]
NAFDAC shuts Sokoto bakery for using saccharine, bromate
The National Agency for Food Drug Administration and Control (NAFDAC) has shut down a bakery for using unfortified sugar and banned bromate in Sokoto. The NAFDAC State Coordinator, Mr Garba Adamu, told the News Agency of Nigeria (NAN) on Friday that the bakery was detected during a special raid by[Read More…]
DSTV, GOTV price hike is consequence of fallen value of naira, ever-increasing taxes in Nigeria – Multichoice tells Tribunal
MultiChoice Nigeria has maintained that its DSTV and GOTV price hikes are a consequence of the fallen value of the naira and ever-increasing taxes in Nigeria, among other factors. The legal team of MultiChoice disclosed this in its counter affidavits before the Competition and Consumer Protection Tribunal following a case[Read More…]
Importers lose N248bn to cargo sampling at Lagos ports in five years
Clearing agents at the nation’s ports in Lagos have lamented that in the last five years, importers have lost N248 billion to multiple sampling of imported cargoes by different agencies of government at the nation’s ports of Apapa and Tin-Can Island ports. Speaking with the Nigerian Tribune exclusively in Lagos,[Read More…]
Minister Lauds Origin Tech Group on Partnership with FG on Greener Hope Agricultural Productivity Program
Recently, the Federal Executive Council approved an Agro-Development Syndicated Facility for which Origin Tech Group is to power a truly Nigeria’s pioneering integrated food security systems through a revolutionary large-scale agricultural mechanization programme code-named “Greener Hope Agricultural Productivity Programme” in conjunction with the Federal Ministry of Agriculture and Food Security[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]