Author: Akintayo Adams

Pastor Enoch Adeboye, the General Overseer of the Redeemed Christian Church of God (RCCG), highlighted that without divine intervention, the exchange rate might have soared to ₦10,000 to $1. He attributed Nigeria’s financial difficulties to its heavy reliance on fuel imports, despite being a significant oil-producing country. “We need help, and it’s not human help; it’s divine help,” he emphasised. Adeboye highlighted that the root of Nigeria’s financial difficulties predates the current administration, pointing to the ongoing importation of petrol despite abundant oil resources. “Before our current President took office, we were aware that the root of our financial issues lay…

Argentina faced a surprising 2-1 defeat to Paraguay in their 2026 CONMEBOL World Cup qualifier on Thursday night. The match, held in Asunción, saw Argentina take an early lead through Lautaro Martinez in the 11th minute. However, Paraguay quickly equalized with Antonio Sanabria’s goal just eight minutes later. The turning point came early in the second half when Omar Alderete scored the winning goal for Paraguay, securing their first triumph over Argentina since 2016. The defeat was particularly frustrating for Lionel Messi, who confronted the match officials over perceived officiating inconsistencies. Despite the loss, Argentina remains at the top of…

Super Eagles goalkeeper Stanley Nwabali has announced the passing of his father. The Chippa United star shared the sad news on his Instagram story on Friday morning, expressing his grief with a tearful emoji and the message, “Rest in peace, dad.” Nwabali did not disclose the cause of his father’s death. This announcement comes just hours after Nwabali appeared for the Super Eagles in a 1-1 draw against Benin Republic in their 2025 Africa Cup of Nations qualifier on Thursday night in Abidjan. The loss could see Nwabali miss Nigeria’s next AFCON qualifier against Rwanda in Uyo as he takes…

The Federal Executive Council (FEC) has approved a fresh borrowing plan of $2.2 billion to support Nigeria’s economic recovery efforts. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced this decision after the FEC meeting presided over by President Bola Ahmed Tinubu at the State House. The borrowing plan consists of $1.7 billion in Eurobonds and $500 million in Sukuk financing. This approval aims to strengthen the country’s finances and enhance economic reforms. The funds will be raised through access to the international capital market, pending approval from the National Assembly. Minister Edun emphasized that this…

The Nigerian National Petroleum Company Limited (NNPC) announced that it has achieved a significant milestone by reaching 1.8 million barrels per day (mbpd) in crude oil production. This accomplishment was revealed during a press briefing on Thursday, November 14, 2024. The NNPC’s Group Chief Executive Officer, Mele Kyari, attributed this success to the collaborative efforts of Joint Venture and Production Sharing Contract partners, the Office of the National Security Adviser, and various security agencies. The establishment of the Production War Room Team on June 25, 2024, played a crucial role in stabilizing and boosting production outputs. The NNPC also reported…

The Naira experienced depreciation against the dollar yesterday, trading at N1,650.20 per dollar at the official market, compared to N1,645.45 the previous day. On the black market, the Naira traded between N1,738 and N1,745 to the dollar. This depreciation comes amid a decline in FX transaction turnover, which dropped to $214.73 million from $236.84 million recorded the previous day. The depreciation has raised concerns among businesses and investors, as the Naira continues to face pressure from dollar scarcity and high inflation. Despite interventions by the Central Bank of Nigeria (CBN), the Naira’s value has been fluctuating significantly in recent months.…

In a significant political development, three gubernatorial candidates have stepped down in favor of Governor Lucky Aiyedatiwa ahead of the Ondo State governorship election scheduled for Saturday. The candidates, Dr. Ajibola Falaye of the Accord Party, Hon. Jenyo Ataunko of the National Rescue Movement, and Olaide Ibrahim of the African Democratic Congress, announced their decision during a solidarity visit to Governor Aiyedatiwa. Dr. Falaye, speaking on behalf of the endorsing candidates, praised Governor Aiyedatiwa’s commitment to public service, his track record, and his performance in office. He highlighted the governor’s inclusive approach to governance and his efforts in maintaining peace…

The Babájídé Sanwó-Olú-led Lagos State Government has demolished some shanties in Ajao Estate Canal bank, where tenants pay ₦100,000 annual rent. This was made known in a statement by the state Commissioner for Environment and Water Resources, Tokunbo Wahab, shared on X (formerly Twitter) on Friday. Wahab wrote, “In continuation of concerted measures to reduce the scourge of environmental infractions and illegal encampment in public spaces, the Lagos Environmental Sanitation Corps (LAGESC) popularly known as KAI on Thursday demolished 138 shanties around the canal bank in Ajao Estate Canal where illegal occupants pays between ₦60,000 to ₦100,000 rent.” Get instant…

Victor Osimhen has made history by scoring his 23rd goal for the Nigeria national team, tying him with the legendary Segun Odegbami on the all-time top scorers’ list. Osimhen achieved this milestone during Nigeria’s recent 1-1 draw against the Benin Republic in a 2025 Africa Cup of Nations qualifier on Thursday night. Related: Super Eagles seal AFCON Qualification Here is the updated list of Nigeria’s all-time top goal scorers: Osimhen’s goal came in the 81st minute, rescuing a point for Nigeria after Benin had taken the lead earlier in the match. The Super Eagles now lead Group D with 11…

The Egbeda Community Football Association is set to host its eagerly anticipated end-of-the-year soccer competition, bringing together local teams for a series of thrilling matches. The tournament, which kicks off on Saturday, November 16, 2024, promises to be a highlight in the community’s sports calendar, featuring intense rivalries and showcasing budding talents. Group Stage Draws Teams have been divided into four groups, each battling for supremacy to advance to the knockout stages. The groups are as follows: Group A: Group B: Group C: Group D: Opening Matches The tournament will kick off with a series of exciting matches. On Saturday,…