Author: Naija Daily News

By Faith Joyful Hezekiah, Port Harcourt Fastgrowing microfinance bank, Moniepoint, has secured a $110 million investment from Google and other investors, bringing its valuation to an impressive $1 billion. The Series C investment was spearheaded by the Development Partners International’s African Development Partners (ADP) 111 fund, which is recognized as a premier fund dedicated to Africa. Other investors include Google’s Africa Investment Fund and Verified Capital, a private African equity firm. Lightrock, a global impact firm and existing investor, also joined in on the funding. Moniepoint said the funds raised will be deployed to accelerate its growth throughout Africa, creating…

A National Assembly member, Mr Alexander Mascot Ikwechegh, who allegedly assaulted one Mr Stephen Abuwatseya, a driver with e-hailing service, Bolt, was docked on Wednesday at an Abuja Magistrate Court. Ikwechegh, a member of the All Progressive Grand Alliance (APGA) representing Aba North and South federal constituency, was thrust into national limelight last Sunday after a video of him surfaced where he assaulted a bolt driver who he accused of disrespecting him.  He also threatened to make the hapless Bolt driver disappear from anywhere in Nigeria, leading to outrage from civil society organisation and legal groups. He was arrested on…

By Gabriel Efe, Lagos Nigeria’s economic landscape is abuzz with the announcement of Tope Fasua’s appointment as Special Adviser on Economic Matters to President Bola Tinubu. An economist with a strong presence in Nigeria’s policy discussions, Fasua is now positioned to influence the country’s fiscal strategy. This significant appointment carries considerable responsibility and appears to be a natural, if somewhat overdue, fit for someone of his expertise. The Man Tope Fasua For years, Fasua has been a respected figure in economic discourse, known for his advocacy of policy reforms aimed at fostering a more sustainable and self-sufficient Nigeria. A graduate…

A Federal High Court sitting in Abuja, the Federal Capital Territory, has halted further release of financial allocations to the Rivers State Government until the passage of a lawful appropriation bill by the State House of Assembly. The latest development resulted from a suit challenging the passage of the Rivers State 2024 appropriation bill by four of the 31-member House. In a judgement on Wednesday, Justice Joyce Abdulmalik, granted an order for the stoppage of further allocation to the state, in a suit filed by the Rivers State House of Assembly led by Martins Amaewhule. Justice Abdulmalik agreed with the…

By Austin Manekator In just a few days, Americans will head to the polls in an election with profound consequences that could break centuries-old barriers. On November 5th, Vice President Kamala Harris, the Democratic nominee, will face former President Donald Trump, the Republican candidate, in a contest that transcends a mere choice between candidates. With President Biden stepping aside earlier this year, Harris has emerged as the Democratic frontrunner, poised to make history as the nation’s first female president. To understand this moment, we must recall that American women were denied the right to vote only 100 years ago. The…

Pastor Ayorinde AdeBello, one of two pastors who were recently suspended by the Redeemed Christian Church of God (RCCG), has denied allegations of homosexuality. AdeBello, in a post on his Instagram account, explained that his earlier silence was wrongly interpreted as an admission of guilt, leading him to respond to the claims. He stated that he never asked for sexual favours from men in exchange for help or positions, emphasizing that God alone determines who receives such roles. AdeBello expressed disappointment at how his words were misrepresented on WhatsApp, saying they were taken out of context to mislead others. AdeBello:…

By Deborah Nnamdi An Area Court sitting at Centre-Igboro, Ilorin, on Tuesday, dissolved the Islamic marriage between Omolara Bekaiye and Nurudeen Olaniyan following the Wife’s testimony of lack of love, affection, and care. The Presiding Judge, Toyin Aluko granted the dissolution of the three-year-old marriage after the husband accepted his wife’s application for divorce and custody. Bekaiye had applied for divorce, custody, and maintenance fees of N20,000 for the two children in the marriage She told the court that she was no longer interested in the marriage due to a lack of love, affection, and care. The husband agreed to…

File Photo of NHS Nurses in the UK Some 700 Nigerian nurses in the United Kingdom are currently under investigation for alleged industrial-scale qualification fraud resulting from the computer-based tests done in Ibadan, Oyo State. The British Broadcast Network in a report on Monday, said some of the nurses could be in the National Health Scheme, NHS, of the UK. The report said, “Over 700 healthcare workers from Nigeria are under scrutiny following a qualification fraud scandal.” The report said 48 nurses and midwives are accused of paying proxies to sit computer-based exams that are required for them to practise…

Operatives of the State Criminal Investigation Department of the Edo State Police Command carried out indiscriminate raids on Tuesday around Upper Sakponba and adjoining areas of Benin City, following recent cult-relating killings in the area. It was gathered that the latest clash was between members of the Eiye Confraternity and Vikings in the ancient city, which led to shooting deaths, including of a popular barber at Aifuwa Street. The deceased’s affiliation could not be ascertained, a source said it was just one of many recent killings in the city in the wake of the Edo State Governorship election last month.…

In a diplomatic call today, U.S. President Joe Biden spoke with Nigerian President Bola Tinubu, emphasizing the United States’ support for Nigeria amid recent crises and underscoring the strong partnership between the two nations. President Biden began by offering his condolences to President Tinubu for the devastating floods that recently struck northeastern Nigeria, resulting in significant displacement and damage. Biden acknowledged the resilience of the Nigerian people and expressed the United States’ readiness to support recovery efforts as Nigeria addresses these challenges. A key point in the call was President Biden’s appreciation for President Tinubu’s decisive humanitarian action in securing…