August 2025 – Page 181

Nigeria’s FDI Crashes 70% in Q1 2025, Sparking Concerns

11.08.2025

Foreign Direct Investments into Nigeria dropped sharply by 70.06 per cent quarter-on-quarter to $126.29m in the first quarter of 2025, down from $421.88m recorded in the final quarter of 2024, according to the latest Capital Importation report released by the National Bureau of Statistics. The steep decline in FDI occurred despite an overall increase in...

IGP Never Sealed Crown Ceramics Nor Deploy Police To Harass Our Directors

11.08.2025

Mr Chen Dongfeng, the Managing Director of Crown Ceramics Nigeria Limited, has dismissed in totality the unfounded story that the Inspector General of Police (IGP), Mr Kayode Egbetokun, had deployed some police operatives to seal off the factory of Crown Ceramics Nigeria Limited and harass the directors. Dongfeng described the publication as baseless and fallacious,...

Startups Can Scale Without Millions, Says Routelink CEO

11.08.2025

The Co-founder/ Group Managing Director of Routelink Group, Mr Femi Adeoti, has said that startups no longer need large sums of money to scale their businesses in today’s technology-driven economy. Adeoti said this at the recently held ICTEL EXPO 2025 in Lagos, where he delivered a bold message to aspiring entrepreneurs, emphasising that “technology is...

UN Security Council Holds Emergency Session On Israel’s Planned Takeover of Gaza

11.08.2025

The United Nations (UN) held an emergency Security Council session on Sunday to discuss Israel’s plans to reoccupy Gaza City. The meeting was convened following Israeli Prime Minister Benjamin Netanyahu’s Security Cabinet approval of a military operation earlier, which has drawn widespread international criticism. The Israeli Defence Forces’ plan to expand operations to capture and...

Protection Of Lives, Property Non-Negotiable

10.08.2025

The Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, has reiterated the Nigerian Air Force’s unwavering commitment to protecting the lives and property of citizens and residents across Nigeria. During an operational assessment visit to Kebbi State on Sunday, the Air Chief emphasized the Service’s readiness to respond swiftly and decisively to emerging...

Military Pensions Board Committed To Veterans’ Welfare, Transparency

10.08.2025

The Military Pensions Board (MPB) has reaffirmed its commitment to the welfare and dignity of all Nigerian military retirees. This assurance comes days after some retired personnel protested in Abuja over issues related to unpaid entitlements, which the Board stressed are administered with transparency. In a statement signed on Sunday by the Board’s spokesperson, Squadron...

Danboskid Becomes 1st Housemate To Be Evicted

10.08.2025

Danboskid has emerged as the first housemate to be evicted in the 10/10 season of the Big Brother Naija house.Twenty-seven (27) housemates including Danboskid and twenty six others were selected for eviction. The others include Zita, Gigi, Ivatar, Big Soso, Sabrina, Mide, Dede, Doris, Joanna, Isabella, Imisi, Ibifubara, Tracy, Thelma, Sultana,Mensan, Kulture, Kola, Jason Jay,...

EERC Moves To Resolve Power Supply Shortage In Parts Of Enugu

10.08.2025

…As EEDC blames “code coverage conflicts and related glitches” The Enugu State Electricity Regulatory Commission (EERC) has said it is taking steps to resolve the sudden electricity supply shortages that have plunged parts of the country into an acute power shortage. Sunday Telegraph recalls that MainPower Electricity Distribution Company Limited had last week issued a...

Edo PDP Chides Okpebholo For Spending N3.51bn On Travel In Six Months

10.08.2025

The Edo State chapter of the Peoples Democratic Party (PDP) has berated the administration of Governor Monday Okpebholo for allegedly spending ₦3.51 billion on travel within the last six months. In a statement signed by its Publicity Secretary, Chris Nehikhare, and made available to journalists in Benin City, the PDP described the expenditure as wasteful,...

PDP Urges INEC, Security Agencies To Uphold Professionalism

10.08.2025

The Peoples Democratic Party (PDP) and its candidate for the Edo Central Senatorial by-election, Prince Joe Okojie, have urged the Independent National Electoral Commission (INEC) and security agencies to conduct themselves with utmost professionalism during the forthcoming polls. The call was made during the party’s campaign tour of communities in the senatorial district. Speaking after...