NSIA Reports a Significant Surge of 1122% in Income
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NSIA Reports a Significant Surge of 1122% in Income

Announcing an impressive increase in its total comprehensive income, the Nigeria Sovereign Investment Authority, which manages the country's Sovereign Wealth Fund, disclosed a substantial growth to N1.18trn for 2023, compared to N96.96bn recorded in 2022. The 2023 audited financial results, now available to NewsNow, highlighted this remarkable achievement. The Total Comprehensive Income (excluding foreign exchange gains) saw a significant jump from N21.39bn in the previous year to N164.69bn, representing a 670% increase attributable to the Authority's effective strategic asset allocation and commitment to top-tier enterprise risk management practices. Further details to follow...
The Okuama Massacre and the Military’s Consideration of Bounty on Wanted Suspects
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The Okuama Massacre and the Military’s Consideration of Bounty on Wanted Suspects

A plan to offer a bounty on the individuals declared wanted for the killing of 17 soldiers in Okuama community, Delta State, has been unveiled by the Nigerian Defence Headquarters, DHQ. Major General Buba Edward, the Director of Defence Media Operations, affirmed the military's unwavering commitment to capturing all the wanted persons. In a recent statement, Edward emphasized the military's determination, stating, “We are prepared to take any necessary actions to apprehend these individuals, including the possibility of placing a bounty on them.” The tragic incident occurred on March 14 when the troops of 181 Amphibious Battalion, stationed in the Bomadi Local Government Area of Delta State, were ambushed and killed by irate youths during a peacekeeping mission to Okuama Community. The...
Power Outage Persists at UCH as Debt Accumulates, Causing Distress for Patients and Staff
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Power Outage Persists at UCH as Debt Accumulates, Causing Distress for Patients and Staff

University College Hospital (UCH) Ibadan is currently facing a persistent power outage, much to the distress of patients, their families, and hospital staff. Recent reports indicate that the hospital is grappling with a complete blackout following its disconnection from the national grid by the Ibadan Electricity Distribution Company (IBEDC). The power supply to the hospital was cut off on Tuesday, 19th March, 2024, due to an accumulated debt of over N400 million, as stated by IBEDC. On the other hand, the hospital management contests this amount, citing their debt at N241 million. Observations made during a visit to the hospital revealed the adverse impact of the power outage on essential operations. Many vital medical equipment and facilities reliant on electricity have been rendere...
Latest in EPL: Xabi Alonso Turns Down Liverpool, Front-Runner to Replace Klopp Emerges
Sports

Latest in EPL: Xabi Alonso Turns Down Liverpool, Front-Runner to Replace Klopp Emerges

Reports from Mail Sport suggest that Bayer Leverkusen's manager, Xabi Alonso, has decided to reject the opportunity to take over from Jurgen Klopp at Liverpool. In addition to snubbing Liverpool, Alonso will also decline an offer from Bundesliga rivals Bayern Munich in order to stay with Leverkusen for at least another year. Despite rumors linking him with a return to Anfield following Klopp's exit announcement, there is no indication that the former midfielder is interested in leaving his current position with the Bundesliga table-toppers. As a result, attention has shifted to Sporting Lisbon's manager, Ruben Amorim, who is emerging as a strong contender for the Liverpool job, alongside Roberto De Zerbi from Brighton. Amorim, aged 39, is likely to undergo an interview process for the ...
The chairman of Lagos LCDA warned by ALGON BoT for contempt of court
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The chairman of Lagos LCDA warned by ALGON BoT for contempt of court

Rejecting alleged disregard to a pending court case on the association’s leadership tussle, the Board of Trustees (BoT) of the Association of Local Governments in Nigeria (ALGON) warned the Chairman of Bariga Local Council Development Area (LCDA) in Lagos State, Kolade Alabi. In a press briefing in Abuja, the rejection was communicated by the Chairman of ALGON BoT, Mr Shaban Shuaibu. Claiming that Mr. Alabi Kolade David, the Chairman of Bariga Development Area had falsely assumed the position of National President of ALGON, Shuaibu alleged that Alabi had been holding meetings with chairmen from five Local Government Councils across the country. The aim, Shuaibu stated, was to “legitimize” his continued stay in office or to unconstitutionally install another person as a surrogate, as h...
Chelsea faces further injury setback ahead of Burnley clash
Sports

Chelsea faces further injury setback ahead of Burnley clash

As Chelsea prepares for their upcoming Premier League match against Burnley, the team has been hit with more injury blows. Earlier in the week, it was revealed that Romeo Lavia would be out for the remainder of the season due to a thigh injury. Adding to their woes, Carney Chukwuemeka, Robert Sanchez, Trevoh Chalobah, and Ben Chilwell have all joined the list of injured players, as confirmed by the club on Thursday. While Chalobah is undergoing light training, Sanchez and Chukwuemeka are currently in a rehabilitation program. Chelsea's manager, Mauricio Pochettino, is already missing key players like Reece James, Levi Colwill, Wesley Fofana, Lesley Ugochukwu, and Christopher Nkunku. The team currently occupies the 11th spot in the Premier League standings with a total of 39 points.
Former Manchester United star highlights what Arsenal must do to clinch EPL title over Man City
Sports

Former Manchester United star highlights what Arsenal must do to clinch EPL title over Man City

Renowned Manchester United icon, Gary Neville, believes that Arsenal's chances of winning the Premier League this season hinge on their performance against Manchester City this weekend. Arsenal currently sit at the top of the league table with just 10 games remaining as they prepare to face City at the Etihad Stadium. Last season, Mikel Arteta's side came agonizingly close to clinching the title after leading the league for an impressive 248 days, only to falter towards the end of the season. Neville is optimistic about Arsenal's prospects this time around, indicating that victory against City is crucial for their title aspirations. Speaking on The Overlap, Neville emphasized the significance of Sunday's clash, stating, "I believe [Arsenal] have to secure a win this weekend for a succ...
Students at Federal Poly Offa Protest for SUG Election and Other Issues
Education

Students at Federal Poly Offa Protest for SUG Election and Other Issues

At the Federal Polytechnic in Offa, Kwara State, students took to the streets in a peaceful protest on Thursday, demanding the immediate conduct of a students' union election. The entrance to the school's permanent site was shut, preventing both staff and students from entering. The demonstrators called for the elections to be held prior to the matriculation ceremony. In addition, they requested that hostel fees should be optional rather than mandatory, a reduction in school fees, and they voiced their concerns about the high costs of textbooks, chest x-rays, and instances of sexual harassment. Dr. Atilola Moses Idowu, the Chairman of the Academic Staff Union of Polytechnics (ASUP) at Federal Poly Offa, confirmed these events. Speaking to NewsNow over the phone on Thursday, Dr. Idowu s...
Olaore Aims to Secure Olympic Gold Medal
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Olaore Aims to Secure Olympic Gold Medal

Adam Olaore, the African Games gold medalist, delved into the world of boxing at the age of 14 in the United Kingdom. Hailing from Lagos, he discusses his experience at the Games in Ghana, his aspirations for the Olympics, representing Nigeria, and more in a recent conversation with PETER AKINBO How did you first get into boxing?  It all started eight years ago when a friend spotted a boxing gym and invited me to join him. Intrigued and seeking some excitement, I decided to give it a go. That initial session left a lasting impression on me – the intensity, discipline, and camaraderie amongst the boxers immediately captivated me. From then on, I found myself drawn to the sport more and more each day, eventually developing a deep love for boxing. The challenges, t...
Ebonyi Government Initiative: Boundary Communities in Amana and Ohanku Under Demarcation Process
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Ebonyi Government Initiative: Boundary Communities in Amana and Ohanku Under Demarcation Process

The demarcation process of boundary communities in Amana and Ohanku of Ezza South and Ikwo Local government areas has commenced, led by the peace committee established by the Ebonyi State government under the supervision of Hon. Matthew Nwobashi, the Commissioner for Land and Survey. Describing the process as successful, Hon. Nwobashi, the State Commissioner for Land and Survey, mentioned the cooperative support received from both communities. He encouraged stakeholders to continue fostering peace in the region and highlighted the progress made so far, emphasizing the need for the technical team to finalize the action after the land measurements and agreements reached in specific areas. Another committee member, Dr. Ilang Donatus, who is also the state Commissioner for Border Pea...