Author: Press Room

In SummaryThe logistics market in Africa is expected to reach a value of $447.24 billion by 2029 with a projected annual growth rate of 1.83%.As of 2020, the total amount spent on logistics in Africa was recorded at $344.2 billion, with Nigeria alone contributing a significant portion of this figure. The exponential growth experienced in the African logistics industry is largely driven by the rise of e-commerce and the African Continental Free Trade Area (AfCFTA).Deep Dive!!Africa is one of the biggest hubs of technological innovations globally and despite the challenges of poor infrastructure, inefficient processes, and high costs facing the logistics…

Mudashiru Obasa, the ousted speaker of the Lagos house of assembly, has reacted to reports that operatives of the Department of State Services (DSS) seized firearms in his office. Obasa said the allegation is the handiwork of his traducers, who are planning to tarnish his reputation. On Tuesday, MDB reported that DSS operatives seized a cache of pump-action rifles in the office of the chief security officer (CSO) to Obasa. A member of the Lagos house of assembly had told the media that the pump-action rifles were discovered during a routine “sweeping exercise,” adding that live cartridges were also found.…

The Economic and Financial Crimes Commission (EFCC) has raised concerns over organised foreign fraud syndicates recruiting young Nigerians and using cryptocurrency to facilitate illegal arms importation. EFCC Chairman Ola Olukoyede made the disclosure in Abuja while addressing participants of the Executive Intelligence Management Course at the National Institute for Security Studies. He revealed that the commission recently uncovered criminal cells operated by foreign syndicates across Nigerian cities. “Another dimension that is not given attention is the discovery, recently, that organised foreign fraud syndicates are establishing cells in Nigerian cities and recruiting young Nigerians into serious organised cybercrimes, including cryptocurrency…

Gilbert Ekugbe The Down Syndrome Foundation Nigeria has expressed concerns over the widespread rejection and discrimination faced by people with Down syndrome in society. Speaking during a courtesy visit to PUNCH Nigeria Limited on Wednesday, the foundation’s Legal Resource Person, Mrs Ijeoma Fynecountry, described the level of stigmatisation as heartbreaking. She called on the Federal Government to implement disability and intellectual laws to ensure equal rights for people with disabilities across the country. She urged the Nigerian government at the federal, state, and local levels to take urgent and decisive action to combat the systemic abuse and violation of the…

The Supreme Court, on Friday, nullified the National Lottery Act 2005 enacted by the National Assembly. A seven-member panel of the Supreme Court in a unanimous judgment held that the National Lottery Act 2005 should no longer be enforced in all states, except the Federal Capital Territory, in respect of which the National Assembly is empowered to make laws. The apex court, in the lead judgment delivered by Justice Mohammed Idris, held that the National Assembly lacked the powers to legislate on issues relating to lottery and games of chance. The court also stated that such powers only reside with…

Ric Hassani has released a live performance video of “I’m Falling in Love,” a song from his album “Afro Love.” With the band dressed in white behind him, he keeps it simple – just his voice, the music, and the feeling behind the words. “I’m Falling in Love” is about love that feels certain. Ric Hassani sings about meeting his partner on Valentine’s Day, “It was Valentine’s, the day was red,” and how he believes their love is fate. He prays about it, gives thanks, and embraces how love has changed his world. For him, love is more than just…

Former Super Eagles captain Austin Jay Jay Okocha has hit back at ex-Liverpool defender Jamie Carragher over his controversial comments regarding the African Cup of Nations and its significance in the Ballon d’Or race, Soccernet.ng reports. Carragher, speaking on Sky Sports, suggested that even if Mohamed Salah won AFCON, it would not significantly enhance his chances of clinching the prestigious award. READ MORE: “Such a wonderful tournament” – Ex-Super Eagles captain hits back at Jamie Carragher after AFCON statement Then the now-CBS Golazo pundit who had come underfire later clarified his stance on X (formerly Twitter), stating: “Salah is at a…

E-commerce platform, Jumia Technologies said it will discontinue its food delivery service, Jumia Food at the end of December. The company will also shutter services across other operating countries including Nigeria, Kenya and Morocco, Ivory Coast, Tunisia, Uganda, and Algeria. Jumia CEO, Francis Dufay, said on Wednesday the company will now refocus on its core physical goods business and payment platform. He stated, “The more we focus on our physical goods business, the more we realise that there is huge potential for Jumia to grow, with a path to profitability. “We must take the right decision and fully focus our…

The Magistrate Court sitting in Sabo, Yaba area of Lagos has freed Abdulazeez Fashola popularly known as Naira Marley and music promoter, Samson Balogun Eletu also known as Sam Larry, in relation to the case of the demise of Aloba Oladimeji lleriOluwa also known as Mohbad. Magistrate Ejiro Kubenje who read and implemented the legal advise of the Directorate of Public Prosecution (DPP) Lagos, said that they have no case to answer. The court also freed Owodunni Ibrahim also known as Primeboy and Mohbad’s former Manager, Opere Babatunde. The DPP however said it shall be prosecuting the auxiliary nurse who…

Dangote Refinery has assured Nigerians that three of its partners will sell petrol for ₦970 per litre nationwide despite the company’s recent increase in the ex-depot price of petrol.  A spokesman for the refinery Anthony Chiejina said the recent adjustment in the company’s ex-depot price “is directly related to the significant increase in global crude oil prices”. In a statement on Sunday, Chiejina said, “While we have made a 5% adjustment to our ex-depot price from N899.50 to N950 per litre, it is important to note that this increase is considerably lower than the 15% rise in global crude oil…