NEWS
Foreign Transactions Increases To N118.9bn On NGX
Foreign portfolio transactions on the Nigerian Exchange Limited surged to N118.9bn in May 2025, representing an increase of 88.54 per cent compared to N63.07bn recorded in April 2025. The rise in foreign inflows, equivalent to about $74.97m at the prevailing exchange rate, contributed significantly to the overall equity market activity, which saw total transactions jump by 45.32 per cent from...
Lagos Enforces Mandatory Health Insurance For Residents
The Lagos State Government has vowed to begin the enforcement of compulsory health insurance policy for residents. A Thursday statement noted that the Permanent Secretary, Lagos State Health Management Agency, Dr Emmanuel Zamba, said the enforcement would begin in earnest in early 2026, in line with the Executive Order signed by Governor Babajide Sanwo-Olu in July 2025. She made this known...
US Charges Nigerian In $14bn Healthcare Fraud
The United States of America has charged a Nigerian, Olatunbosun Osukoya, alongside 323 others, following a nationwide crackdown on alleged perpetrators of health care fraud schemes that have caused the country at least $14bn in intended losses, the US Department of Justice stated. According to a statement obtained from the DOJ website on Thursday, the defendants included doctors, pharmacists, nurses,...
2027: “Coalition Cannot Stop Tinubu, Only Nigerians Can” – Amaechi
The former Minister of Transportation, Rotimi Amaechi, has criticized Nigerians for being too passive in the face of worsening hardship. Amaechi said the country needs a bold and radical shift to bring about change. He stated this on Thursday in Abuja during the public launch of the 2025 Nigeria Social Cohesion Survey by the Africa Polling Institute. Amaechi lamented the state of...
Trade Experts Seek Global Access For African SMEs
Trade experts have called for improved market connectivity for African small businesses, urging governments, investors and stakeholders to support more strategic retail linkages and cross-border cooperation. In separate interviews with The PUNCH, these stakeholders identified limited funding and weak business structure as factors hindering the growth of Nigerian value-added product exports. They made the call at the launch of the...
12-Year-Old Boy Killed By Stray Bullet Amid Cult Clash In Lagos Community
Tragedy struck in the Mushin area of Lagos State as a 12-year-old boy, identified simply as Wasiu, lost his life to a stray bullet during a violent clash between rival cult groups. PUNCH Metro learned on Thursday that the fatal incident took place around 8 pm on Wednesday in the Olosha area of Mushin, when tensions escalated between two cult...
Military Has No Authority To Grant Amnesty – DHQ
![24 Boko Haram Terrorists Killed Amid Military Operation In Borno [PHOTOS]](https://abntv.com.ng/wp-content/uploads/2025/06/Nigerian-army-1-640x404.jpg "Military Has No Authority To Grant Amnesty – DHQ")
The Defence Headquarters (DHQ) has stated that the responsibility of granting amnesty to surrendered terrorists and bandits lies outside the military’s jurisdiction. Major General Markus Kangye, Director of Defence Media Operations, made this clarification during a press briefing in Abuja on Thursday, addressing recent reports that bandit commanders in Katsina State had laid down arms and released hostages in exchange...
US Court Sentences France-Based Nigerian To 41 Months In Jail Over $8M Fraud
Newton Ofioritse Jemide, a Nigeria-born man based in France, has been sentenced to three years and five months in prison by a U.S. District Court for his role in an $8 million disaster fraud scheme. Judge Deborah K. Chasanow handed down the sentence on Tuesday. Jemide, 47, was extradited from France to the United States after being found guilty of...
Oil Theft: FG Launches 37 New Crude Oil Evacuation Routes
The federal government has created 37 new crude oil evacuation routes to combat oil theft and boost production levels. Mr. Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), made this known at the ongoing 2025 Nigeria Oil and Gas (NOG) Energy Week in Abuja. He stated, “With 37 new evacuation routes approved and working closely with...
Wike Slams ADC, Calls It A Coalition Of Failed Politicians
Federal Capital Territory (FCT) Minister Nyesom Wike has strongly criticized the newly formed anti-Tinubu coalition that recently assumed control of the African Democratic Congress (ADC), calling it a “gang of failed and expired politicians”. Speaking during a media interaction on Thursday, Wike launched a scathing attack on key members of the coalition, questioning their credibility and past performance in public...
