Author: Ogochukwu Ndubuisi

Ogun ​‌‍⁠‌‍⁠⁠‌‍⁠​‍‌⁠‍​‌​Releases N6.75bn for Gratuity, Additional Pension Benefits The Ogun government has released N6.75 billion for the payment of gratuity and Additional Pension Benefits (APB) to retirees in the state. The Head of Service, Mr Olanrewaju Saka, disclosed this in a statement issued on Friday in Abeokuta. According to him, this is in the government’s efforts to offset outstanding pension obligations and improve the welfare of retired workers. He said that N2.751 billion was released for the payment of gratuity to 432 beneficiaries, while N4 billion was released as APB to eligible retirees from July 2025 to date. Saka said…

Samuel Eto’o: Cameroon Football Chief Denies Embezzlement Claims The Cameroon Football Federation (FECAFOOT) has denied allegations of embezzlement against its president, Samuel Eto’o, describing the claims as slanderous and part of an organised smear campaign. Eto’o was accused of diverting about €455,000 received from Cameroon’s friendly match against Russia in 2023 into a private account in Qatar, following a complaint by a former federation official. In a statement, FECAFOOT rejected the accusations and defended its president. The federation said the reports were defamatory and politically motivated, aimed at discrediting its leadership. FECAFOOT added that all financial decisions relating to friendly…

FG Pays N1.1bn Additional Exit Benefits to 175 Retirees The Federal Government has begun payment of additional exit benefits to retirees of Treasury-funded Ministries, Departments and Agencies (MDAs). The National Pension Commission (PenCom) disclosed in a statement on Friday that it had paid about N1.1 billion to 175 retirees who exited the Federal Public Service between Jan. 1 and Aug. 31. It said the payments were being made under the Federal Government Exit Benefit Scheme (EBS), approved by the Federal Executive Council and effective from Jan. 1. According to PenCom, the scheme provides additional financial benefits to federal employees at…

Tech Rivalry: Xiaomi Beats Apple to Market as 18 Fold Launched Ahead of iPhone Fold Xiaomi has launched the Xiaomi 18 Fold in China on September 7- just two days ahead of Apple’s expected unveiling of its first foldable iPhone on September 9, in a move seen as a direct challenge in the tech rivalry between China and the US. The 18 Fold is Xiaomi’s first wide-format, passport-style foldable, with a 5.38-inch cover display and a 7.58-inch inner display. It is the first phone powered by Xiaomi’s in-house 3nm XRing O3 chip and features Leica-branded cameras led by a 200MP…

The Central Bank of Nigeria (CBN) intervened in the foreign exchange market on Thursday…

The Federal Competition and Consumer Protection Commission (FCCPC) and …

AfDB, African Deposit Funds Partner to Mobilise Long-Term Financing for Development The African Development Bank Group and members of the African Forum of Deposit Funds have agreed to deepen cooperation aimed at mobilising long-term financing for development, productive investment and economic growth. The agreement is contained in a statement released on the bank’s website on Thursday in Abuja, outlining a framework for stronger institutional collaboration to support Africa’s development agenda and long-term prosperity. According to the AfDB, the partnership seeks to support productive investment, strengthen economic resilience and contribute to more inclusive growth across the continent through coordinated financing strategies,…

Trump Suggests Renaming Strait of Hormuz to ‘Trump Strait’ US President Donald Trump has suggested renaming the Strait of Hormuz as the “Trump Strait,” amid escalating tensions with Iran over the strategic waterway. In a post on Truth Social on September 2, Trump asked, “Now that we have it under U.S.A. control, should we change the name Hormuz Strait to TRUMP STRAIT???” Trump claimed the US has total control over the strait and that the US Navy has swept it for mines, countering Iran’s claim that the waterway is closed. Iran has said it will soon announce a new restricted…

Trump Promises $5k to Every U.S. Adult if Republicans Win Nov. Election U.S. President Donald Trump has promised every adult U.S. citizen a 5,000 dollars payment if Republicans retain control of both chambers of Congress in November’s elections. “So if the Republicans win, you win with us, and you get 5,000 dollars,” Trump said at a Republican Party convention in Dallas on Wednesday. He said the payment would be called the “Trump dividend.” Trump said the payment would be made if Republicans maintained their majorities in the Senate and House of Representatives. With more than 245 million adults in the…

The Lagos State Electricity Regulatory Commission (LASERC) has issued Elektron Energy Development Strategies Ltd. a licence to generate electricity in Lagos State.