Ripples Nigeria News Updates

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Ex-Rivers LGA chiefs tackle Fubara over caretaker committees, threaten to occupy offices
Former local government chairmen in Rivers State on Friday faulted the continued stay of caretaker committee chairmen in office weeks after the Supreme Court declared such as illegal in the councils. The Supreme Court had early this month granted total autonomy to the 774 LGAs in the country. The apex… Read more »
UN Deputy Secretary-General, Amina Muhammed briefs Tinubu on ECOWAS mission
The United Nations Deputy Secretary-General, Ms. Amina Mohammed, said on Friday her mission to the Economic Community of West African States (ECOWAS) countries forming a new alliance was successful. Mohammed disclosed this to State House Correspondents after a meeting with President Bola Tinubu in Abuja. The former minister of environment… Read more »
Ahead of Toleram takeover, Guinness Nigeria records N54.7bn full-year loss
Guinness Nigeria Plc has reported a N54.7 billion loss for the financial year ended June 30, 2024. This was N36.5 billion higher than the N18.1 billion loss the company recorded in the corresponding period of 2023. The loss before tax also stood at N73.6 billion. There was also only a… Read more »
Man arrested for ritual killing of friend in Osun
Police operatives in Osun have arrested a 50-year-old man for allegedly killing his friend for a money ritual in the state. The spokesperson for the state police command, Yemisi Opalola, told journalists during the parade of criminal suspects at the command headquarters in Osogbo, that the suspect removed the victim’s… Read more »
Naira sheds N6 to trade N1,609/$1 at official window
The naira slumped again against the American dollar on Friday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the domestic currency shed N6 to close the week at N1,609/$1, up N1,603/$1 it traded on Thursday. The intra-day high and low recorded during the day were N1,615/$1 and… Read more »
NGX: Equities market in massive slump as investors lose N1.1tr
Investors in the Nigerian equities market lost N1.1 trillion at the close of trading on Friday. This followed the dip in the share prices of stocks like ETERNA, DANGOTE CEMENT, and DAAR COMMUNICATION amongst others on the trading floor today. After five hours of trading at the capital market, the… Read more »
Glamour, splendour as athletes parade in boats at Paris Olympics ceremony
The 2024 Paris Olympic Games have officially kicked off on Friday with the opening ceremonies featuring so much glamour during the parade of athletes. The ceremony was not held in the main bowl of a stadium as it usually is, but each team boarded a boat and introduced down the… Read more »
Cross River Assembly passes N437.8bn 2024 supplementary budget
The Cross River State House of Assembly on Friday passed the 2024 supplementary budget of N437.876 billion. In the budget, the sum of N151.684 billion was appropriated for personnel cost, N283.333 billion for capital expenditure, and N2.857 billion was approved for statutory expenditure. Governor Bassey Otu presented the Supplementary Appropriation… Read more »
Obasanjo claims witches and wizards delayed his birth
Former President Olusegun Obasanjo said on Friday his mother carried his pregnancy for 12 months due to the power of witches and wizards. Obasanjo, according to a statement issued by his media aide, Kehinde Akinyemi, stated this during a drama presentation titled: “Aremu Omo Asabi at the Olusegun Obasanjo Presidential… Read more »
Court stops PDP from holding congress in Rivers
Justice Charles Wali of the Rivers State High Court, Port Harcourt, on Friday restrained the Peoples Democratic Party (PDP) and its National Executive Committee (NEC) from holding any congress in the state. Those affected by the ruling are the PDP National Chairman, Iliya Damagum and National Secretary, Senator Samuel Anyanwu.… Read more »