Author: Victory Odibo

Odibo Victory The Nigerian stock market rebounded on Tuesday and investors gained N653bn. This was driven by renewed buying interest in large and mid-cap stocks, including Airtel Africa, Prestige Assurance, Cutix, Regency Alliance Insurance and 15 other gainers. The market capitalisation rose by N653 billion, or 0.45 per cent, to N147.217 trillion from N146.564 trillion recorded on Monday. Similarly, the All-Share Index advanced by 1,017.26 points, or 0.45 per cent, to close at 229,419.18, compared with 228,401.92 at the previous session. Consequently, the market’s Year-to-Date (YTD) return improved to 47.43 per cent. However, the market breadth closed negatively with 32…

Odibo Victory Justice Mojisola Dada of the Lagos State Special Offences Court in Ikeja has, on Tuesday, postponed judgment in the alleged N6bn money laundering case involving social media personality Ismaila Mustapha, popularly known as Mompha. The Economic and Financial Crimes Commission (EFCC) arraigned Mompha alongside his company, Ismalob Global Investment Limited, on January 12, 2022. This was contained in a statement issued by the EFCC on Tuesday. Justice Mojisola reserved the court judgment until October 15, 2026. Mompha was arraigned on an eight-count charge bordering on conspiracy to launder funds allegedly obtained through unlawful activities, retention of proceeds of…

Odibo Victory Afrobeats star David Adeleke, popularly known as Davido has announced the release date for his sixth studio album. Davido announced the release date for the much anticipated album on Monday on his X account. The project follows the release of 5ive April 2025 and will become Davido’s sixth studio album, further expanding a catalogue that has established him among Africa’s leading music artistes. He unveiled the album title as ORIADE and confirmed its release date as July 31. NPO Reported that Davido released his highly anticipated first single of 2026, ‘I Know Who I Be’, last week Friday. …

Agency Report Residents of several Lagos communities on Tuesday recounted losses caused by flooding after persistent rainfall submerged homes and roads, displaced families and disrupted businesses and schools. The affected areas include Ago Palace Way, Okota Road, Amuwo Odofin and Ilaje in Ajah, where floodwaters left many residents stranded and made movement difficult. Some residents who spoke with the News Agency of Nigeria (NAN) described the situation as a recurring nightmare and urged the government to implement lasting flood-control measures. Mrs Stella, a resident of Ago Palace Way, said Greenfield Estate remained one of the worst-hit communities whenever heavy rainfall…

Agency Report The Social Democratic Party (SDP) on Tuesday urged Gov. Babajide Sanwo-Olu embark on urgent and permanent flood mitigation plan in Lagos to alleviate suffering of residents. The  State SDP Chairman and 2027 Governorship Candidate, Mr Femi Olaniyi, popularly known Ferrari, made the call in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos. Olaniyi, a former  State Chairman of the Inter Party Advisory Council (IPAC),spoke against the backdrop of the increasing heavy rainfall and attendant flooding in several communities in the state. “Sunday’s April 28 heavy rainfall and the  rainfall today(Tuesday) once again exposed…

Odibo Victory The Lagos State Government has commenced the removal of illegal squatters and shanties along the Orile–Okokomaiko section of the Lagos-Badagry Expressway. This was disclosed in a repost by the Managing Director and Chief Executive Officer of the Lagos Waste Management Authority, Mr Muyiwa Gbadegesin, on his X handle, on Monday. According to the repost, the operation is being carried out by a joint enforcement team to restore order along the busy transport corridor. It stated that the exercise targets makeshift structures erected on the expressway median and other unauthorized locations. The enforcement team is also clearing the affected…

Agency Report The National Drug Law Enforcement Agency (NDLEA), Kaduna Command, says it seized 12,724kg of assorted illicit drugs and psychotropic substances and arrested 1,107 suspects between June 2025 and June 2026. The State Commander of NDLEA in Kaduna, CN Maijama’a Muhammad, disclosed this on Monday in an interview with the News Agency of Nigeria (NAN) in Kaduna. Muhammad said the seizures reflected the command’s sustained commitment to disrupting drug supply networks and preventing harmful substances from reaching communities. According to him, the seized drugs comprised 9,091.974kg of cannabis sativa, 0.004kg of heroin, 0.315kg of cocaine, 2.949kg of methamphetamine, 301.852kg…

Odibo Victory The Kaduna State Police Command has, on Monday, arrested a couple over alleged involvement in death of a teenage boy in Kaduna. The incident took place in the Kurmin-Mashi area of Kaduna metropolis. This is was confirmed by the spokesman of the command, DSP Mansir Hassan. Hassan also disclosed that investigation has commenced to determine the circumstances surrounding the death. He said the incident occurred on Sunday night along Dahiru Road in Kurmin-Mashi and involved a boy identified as Sadiq. According to him, preliminary information indicated that the teenager was allegedly subjected to punishment by his mother and…

Odibo Victory An estimated number 331 million people have used drugs in 2024, according to the UN World Drug Report 2026. This was disclosed by the United Nations Office on Drugs and Crime (UNODC), on Friday. The report stated that the figure represents 6.2 percent of the global population aged 15 to 64, up from 5.2 percent recorded a decade ago. The report noted that the figure rose from 5.2 per cent recorded a decade ago, indicating that more people are using drugs than ever before. It also warned that synthetic substances are rapidly reshaping illicit drug markets and exposing…

Gives Reasons for Their Uses Odibo Victory A pharmacist has explained the different types of condoms available, highlighting their features, uses, and the importance of choosing the right option to ensure effective protection against unintended pregnancies and sexually transmitted infections (STIs). The pharmacist, identified as Greatman, shared the educational content on X, where he outlined the various types of Durex condoms, explaining their benefits, limitations, and the users they are best suited for. According to him, the Durex Extra Safe condom is designed for people who want extra peace of mind during intimate moments. “For people who want maximum peace…