As the equities market extended its bearish run, a market data has shown that Investors on the Nigerian Exchange Limited, NGX, lost a combined N2.932 trillion in two trading sessions on Tuesday and Wednesday respectively. According to the data, investors shed N1.762 trillion on Wednesday following the N1.17 trillion loss recorded on Tuesday, 11 August, 2026. Recall that investors lost N1.17 trillion from their portfolios on Tuesday, 11 August, 2026 as Wyatt, AVA Capital, International Energy Insurance and International Breweries led the losers’ chart. Wednesday’s trading saw the equities market extend its bearish trend, with market capitalisation declining by 1.12…
Author: Abimbola Ogunaike
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The kidnappers of the Chairman of Jezco Group, Chief Sir Joseph Ezeokafor, have reportedly demanded a N1.5 billion ransom for his release, reports DAILY POST. According to the medium, the abductors had initially asked the family to pay N700 million. A source, who spoke on condition of anonymity, disclosed this, saying the kidnappers had established contact with the family. According to the source, the kidnappers initially demanded N700 million, a figure that the victim’s family reportedly accepted as part of efforts to secure their father’s release. The kidnappers, however, were said to have subsequently raised their demand to N1.5 billion.…
Famous Nigerian Afrobeat sensation Nigerian Afrobeat star, David Adeleke, popularly addresd as Davido, has reacted to the arrival of the All Progressives Congress, APC, stalwarts in Osogbo, the Osun State capital, for the party’s governorship campaign mega rally, reports thegazellenews.com. The Senate President Godswill Akpabio, National Chairman of the APC, Prof. Nentawe Yilwatda and about the governors, who are members of the ruling party stormed the state on the night of Wednesday, 12 August Osun to lend their support for the party’s governorship candidate, Bola Oyebamijiparticipate ahead of the Saturday poll. However, Davido on his official post on X handle, ruled…
The Ondo State Attorney General and Commissioner for Justice, Olukayode Ajulo, on Wedneaday, 12 August, 20126 warned traditional rulers against turning their palaces into courts or detention centres. Ajulo, handed downthe warning on Wednesday, 12 August, 2026 in Akure at a three-day workshop organised for traditional rulers by the state Ministry of Local Government and Chieftaincy Affairs, charged traditional rulers to exercise their authority within the confines of the Constitution and the law. The workshop has the theme, “Repositioning the Traditional Institution for Harmonious Communal Relationship, Security, Cultural Preservation and Sustainable Development.” According to Ajulo, contemporary traditional rulers operated within…
Just days before the start of the new season, the Nigeria Premier Football League (NPFL) board has suspended the touchline ban placed on Bendel Insurance head coach, Kennedy Boboye, clearing him to return to the dugout, reports The Punch online. Boboye was handed a 17-game ban in March after the tactician was alleged to have assaulted match officials at the end of the matchday 32 clash against Plateau United last season. Although Boboye denied any wrongdoing, he missed the remaining six games of the 2025/26 season due to the ban. However, the league body has now cleared him to return…
A man named Sanda Aliyu, has been arrested by the operatives of the Kwara State Police Command over an alleged plan to buy an AK-47 rifle for N1.6 million in Kaiama Local Government Area of the state, reports thegazellenews.com. The Kwara State Police Command Public Relations Officer, Adetoun Ejire-Adeyemi , who confirmed the development through a statement on Thursday, 13 August, 2026, said Aliyu was arrested by operatives of the Anti-Kidnapping Section on August 3, 2026, following actionable intelligence that he was negotiating with one Aliyu Mohammed, who is currently at large, for the procurement of the firearm. According to Ejire-Adetoun,…
Following his conviction by a federal jury of laundering more than $2.7m obtained from victims of romance fraud and other online scams, a 41-year-old Nigerian man named Babajide Adesayo, faces 10 years’ imprisonment in United States of America, reports thegazellenews.com. The United States Department of Justice, which made this disclosure through a statement posted on its official X handle, said that Adesayo, a resident of Douglasville, Georgia, was convicted on August 6, 2026, following an eight-day trial. “Sentencing is scheduled for November 20, 2026, at 1:30 p.m., before United States District Judge Mark H. Cohen. “Adesayo faces up to 20 years…
A band member on Tuesday, 12 August, 2026 has revealed why the late famous Nigerian Juju and Highlife musician, Iyun Ajilore, popularly addressed as Saint Janet, switched from singing gospel music to lewd songs, reports thegazellenews.com A backup singer of the late musician spoke on her switch from gospel to lewd songs on Tuesday. The backup singer, Sunkanmi, popularly known as Suko, in an interview with Alejo TV on Tuesday, 12 August, 2026, revealed that Saint Janet adopted the style after discovering that it attracted more audience engagement, bookings and money at social events. Suko, who said he had known Saint…
A Nigerian, identified as Augustine Okechuku Maazi, has been arrested by the Ghana Police Service after officers foiled an alleged robbery attempt targeting banks in the Labone area of Accra. Two other suspected robbers were shot dead during a gun battle with the Police, while another suspect reportedly escaped from the scene. The incident occurred on Thursday, 13 August, 2026, after the Ghana Police Service received intelligence that a gang of robbers was preparing to attack the GCB Bank, Ecobank and Zenith Bank, all located at Labone The Police said the intelligence was received at about 10:45am, prompting the immediate…
By Daniel Oluwatobiloba Popoola The Celestial Church of Christ has commenced a discreet investigation into the circumstances surrounding the death of Nollywood Yoruba actress, Temitope Osoba, promising to ensure that anyone found culpable, including its Shepherd, Prophet Itunu Onadeko, faces justice. The church made this known in a statement issued by its Head of Media and Publicity, Celestial Church of Christ Worldwide, AVSE Kayode Ajala, following the actress’s death on Wednesday, 5 August, 2026 which has continued to generate public concern and emotional reactions across the country. The church said the reactions were understandable, particularly as Osoba died at the…