Former Nigerian President, Olusegun Obasanjo has lamented the size of debt being owed by the country, years after he left office in 2007. Obasanjo said he left Nigeria with about $70 billion, including a $45 billion reserve and $25 billion in a designated “excess crude” account. “I came in 1999 and met $3.7…
Former Real Madrid, Manchester City and Arsenal star Emmanuel Adebayor has described former Nigerian international Nwankwo Kanu as his big brother and best friend. Adebayor, who wore the No. 25 jersey at Arsenal, during his time said that the Atalanta Olympic gold medalist played a big role in his decision to join the Gunners.…
Donald Trump slammed his predecessor Barack Obama for campaigning for Kamala Harris. Obama, 63, surprised everyone when he rapped Eminem’s “Lose Yourself” on Tuesday night, October 22, in front of Harris supporters at her rally in Detroit. “I think he’s a real jerk because I watched him campaign over the last couple of days,” Trump…
The International Monetary Fund (IMF) has reported that Nigeria’s local currency, the naira, is beginning to show signs of stability, largely due to recent interest rate hikes and the clearing of foreign exchange (FX) backlogs by the Central Bank of Nigeria (CBN). This observation was highlighted in the IMF’s global financial stability report, unveiled…
The Vice Chancellor of the University of Lagos (UNILAG), Professor Folasade Tolulope Ogunsola, has revealed that the “japa” trend—where Nigerians seek better opportunities abroad—has led to a sharp increase in requests for academic transcripts, particularly from alumni who graduated decades ago. Speaking at the 2024 International Week and the 17th Annual Research Conference held…
Gunmen suspected to be herdsmen have k!lled one Mr. John Ajaka and abducted his daughter and two other teenagers in Agatu Local Government Area of Benue State. The victim, who hailed from Ogwule Ankpa village in Ogwule Ogbaulu Ward, was brutally k!lled while working on his farm. His daughter, identified as Miss Owakoyi John, and…
The Senate has established a six-member ad-hoc committee to investigate recent allegations against Senator Ashiru Oyelola, who represents Kwara South. The committee will summon the National Drug Law Enforcement Agency (NDLEA) to clarify the accusations involving the senator. The NDLEA recently claimed to have raided Senator Ashiru’s residence in Ilorin, Kwara State, where illicit drugs…
The Federal Government has announced the suspension of exports of locally produced Liquefied Petroleum Gas (LPG), also known as cooking gas, effective November 1, 2024. This decision aims to address the rising costs of cooking gas in Nigeria. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, made the announcement during a stakeholder meeting in…
The Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, has stated that the Supreme Court’s ruling on local government autonomy is definitive and cannot be overturned. While speaking in Ado Ekiti on October 22, Fagbemi emphasized that the judgment must be respected by state governors and clarified that there is no three-month…
The International Monetary Fund (IMF) has revised its 2024 growth forecast for Nigeria’s economy to 2.9%, attributing this adjustment to weaker-than-expected economic activity in the first half of the year. This update was part of the IMF’s October 2024 World Economic Outlook (WEO), released during the ongoing annual meetings of the World Bank and IMF…
