Special Reports

President of Miyetti Allah Kautal Hore, Bello Bodejo, has alleged that the Governor of Nasarawa State, Abdullahi Sule, was behind the establishment of the ethnic militia group, Kungiya Zaman Lafiya. Bodejo, who is facing terrorism charges, accused the governor of pressurising him to form the militia group. The Miyetti Allah leader was arrested by operatives of the Defence Intelligence Agency on January 23, 2024, at the group’s office in the Karu Local Government Area of Nasarawa State for allegedly unveiling a militia group and has been in custody since then. He was arraigned before Inyang Ekwo of the Federal High…
About 107 companies including Dangote and Mikano International are currently enjoying tax exemption from the Federal Government despite its insistence on discontinuing the programme and drastic steps to improve its revenue base. It also increased the number of beneficiaries enjoying Pioneer Status under the Industrial Development Income Tax Act by 24 from 83 in the first quarter of 2023 to 107 firms by the fourth quarter of 2023. This was disclosed in the latest Pioneer Status Incentive reports released by the Nigerian Investment Promotion Commission and obtained by our correspondent on Sunday. An analysis of the PSI report showed that…
A chief economist at Shell once described Nigeria as the “jewel in the crown” of the oil major’s empire. Yet in recent years the jewel has lost its lustre. Early this year Shell, which has been pumping oil in Nigeria for nearly seven decades, agreed to sell its onshore subsidiary to a consortium of mostly local companies. Other oil firms are packing up too. In February TotalEnergies, a French group, said it also planned to offload its own stake in Shell’s Nigerian subsidiary. It joined a long list of firms, including Chevron, ExxonMobil, Eni and Equinor that have shed Nigerian…
Esther Joseph said she went "almost mad" with anguish when her 13-year-old daughter Precious Sim was kidnapped from a northern Nigeria high school along with other students on July 5, 2021. In the following days, she tried to go after the kidnappers in the surrounding forest, but soldiers - alerted by fellow community members - caught up with her and brought her back. In the end, she sold her meagre possessions - including pots, fans and a television set - and enlisted the help of her brothers and in-laws, as well as local church members, to pay a ransom of…
Blessing Joseph has been weaving bags, sandals and jewellery earning enough money to feed her son and send him to school. But since November, she has fallen on hard times as customers have stopped coming and she and her son routinely go to bed hungry. She is among millions in Africa's largest economy, grappling with the worst cost of living crisis in decades, that has deepened since President Bola Tinubu assumed office last May. Last year, Joseph could easily make 30,000 naira ($18.83) a week but now she will be lucky to get 5,000 naira, she said. "People used to…
Nigeria, a country long used to hardship, is facing a crushing cost-of-living crisis. Prices for some vital food staples have doubled in a matter of months. Trucks hauling items like rice and pasta are being hijacked along rural highways. Protests have bubbled up in major cities and soldiers now stand guard to prevent grain warehouses from being ransacked by desperate citizens. At the heart of the upheaval in Africa’s most populous country are aggressive reforms by President Bola Tinubu, who scrapped a popular but costly fuel subsidy and eased foreign-exchange controls shortly after taking office in May. The moves were…
• Importation of devices drops by 45%, says player • Companies opt for fairly-used laptops as prices of new units rise by 300%• Importers express frustrations, lament banks’ indifference to their painsThe protracted foreign exchange (FX) crisis has found expression in computer hardware and software, cutting consumer electronics importation by as much as 45 per cent. Though there have been pockets of imports in the last four months, The Guardian learnt that the last time a container of computer and related devices were imported into the country was the last quarter of 2022. A major importer and vendor at the…
As Nigeria’s vice president cut the ribbon on Procter & Gamble Co.’s diaper production line in 2017, the $300 million facility near Lagos was hailed as a symbol of the country’s economic ambitions. In December, P&G said it was leaving the West African state. The US consumer goods giant is not alone. In recent months at least three other global conglomerates have announced they are exiting Africa’s most populous nation, and second biggest economy. Among them GSK Plc, Bayer AG and Sanofi SA. Last year Unilever Plc cut some of the products it was manufacturing in the country. Nestle SA…
Standard Chartered Plc had a wild 2023 with Nigeria’s volatile currency as the African nation struggled with foreign-exchange rules to attract investment from overseas and boost the supply of dollars. The London-based lender, in its corporate filings last week, said it made almost $120 million in a single day on June 1, in anticipation of new policies including an impending naira devaluation. By November, its position whipsawed as it made around $40 million only to lose more than $20 million later after the government announced a crackdown on the black market, where the US dollar at one point commanded a…
The brains of men and women operate differently, scientists have shown for the first time in a breakthrough that shows sex does matter in how people think and behave. ‌The issue of whether male and female brains are distinct has proven controversial, with some academics arguing it is society – rather than biology – that shapes divergence. ‌There has never been any definitive proof of difference in activity in the brains of men and women, but Stanford University has shown that it is possible to tell the sexes apart based on activity in “hotspot” areas. ‌They include the “default mode…
Page 1 of 12
April 15, 2024

Investors on NGX lose N633bn as banks’ recapitalization bids induce negative sentiments

Investors have continued to backpedal on the stock market, especially in the banking sector, on…
April 12, 2024

At cost totaling the 2024 budgets of the 36 states plus FCT, Lagos-Calabar project is…

Presidential candidate of the Peoples Democratic Party (PDP) in the 2023 election, Atiku Abubakar, has…
April 14, 2024

I've spent 25 years studying the brain—I never do these 4 things that destroy our memory as we age

As a neuroscientist, I've spent the last 25 years researching the science of memory. A…
April 13, 2024

A new camera can undress people almost in real time—to send a message about AI

Nuca, a new deepfake camera, is an art project that shows how artificial intelligence can…
April 15, 2024

Contrary to Betta Edu’s claim, EFCC says no suspended officials in Humanitarian Ministry cleared as…

Economic and Financial Crimes Commission (EFCC) says it has discovered other fraudulent dealings involving Covid-19…
April 15, 2024

What to know after Day 781 of Russia-Ukraine war

WESTERN PERSPECTIVE Ukraine's top commander says Russia aims to capture Chasiv Yar by May 9…
April 15, 2024

Winning funding proposals written by generative AI: Should that matter to you?

Generative AI is getting better every day. We now have ChatGPT4, Claude 3, Gemini, Perplexity,…
April 10, 2024

Nigeria’s Super Falcons qualify for 2024 Olympics at South Africa’s expense

Super Falcons of Nigeria have qualified for the women’s football event of the 2024 Olympics…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2024 NewsScroll. All rights reserved.