Author: Akintayo Adams

Nobel Peace Prize-winning economist Muhammad Yunus has been sworn in as the head of Bangladesh’s interim government, just three days after Prime Minister Sheikh Hasina was forced to resign and flee to neighboring India. Yunus, 84, took the oath during a ceremony at the presidential palace in Dhaka on Thursday night, attended by political leaders, civil society figures, generals, and diplomats. “I will uphold, support, and protect the constitution,” Yunus declared as President Mohammed Shahabuddin administered the oath, pledging to perform his duties “sincerely.” More than a dozen members of his cabinet, whose titles are advisers rather than ministers, were…

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Apple has announced further changes to its App Store rules in the EU. This is part of its efforts to avoid billions of euros in potential fines under stringent new legislation aimed at reining in the power of the biggest technology companies. The move marks the fourth time the iPhone maker has made changes to its EU business terms since first moving to comply with the Union’s Digital Markets Act (DMA) earlier this year. The new rules compel Apple to open up the iPhone to rival app stores and alternative payment methods. In response, the tech giant has announced plans…

The naira maintained its newly found form against the dollar at the official foreign exchange market. According to data from FMDQ, the naira gained ₦2.9 at ₦1593.62 per dollar on Thursday from the ₦1596.52 exchanged on Wednesday. In the same vein, the Naira recorded a much-needed gain against the Dollar at the black market foreign exchange on Thursday. The national currency appreciated by ₦10.00k. Naira was sold at ₦1610 per dollar from ₦1620 on Wednesday, according to a Daily Post report. “We buy at ₦1605 and sell at ₦1610 on Thursday”, a Bureau De Change Operator in Wuse Zone 4,…

The former President of the Confederation of African Football (CAF), Issa Hayatou has died. He was aged 77. His demise was confirmed by a confidant of Mr Hayatou during his tenure as CAF President. He remains the longest-serving President of the Football Authority. Hayatou served as the President of CAF from 1988 until March 2017, when he was replaced by Malagasy, Ahmad Ahmad. Cameroon Concord further confirmed that he passed away in Paris, France. “We have lost a remarkable leader, a man who devoted his life to the advancement of football in Africa,” a CAF spokesperson remarked as quoted by…

Letsile Tebogo from Botswana has won the Mens 200m sprint at the ongoing Olympics in Paris. He won in 19.46 seconds. He also made history as the first African to win the 200m sprint at the Olympics, securing Botswana’s first-ever Olympic gold medal. He ended Noah Lyles’ historic pursuit of an Olympic sprint double. Noah, four days ago insisted he’d leave his rivals “depressed” when he came off the turn, lost his signature race and settled for bronze in 19.70 seconds. Lyles had hoped to become the first American man to complete the Olympic sprint double since Carl Lewis 40…

The cost of a Healthy Diet in Nigeria surged by 19.2 percent on a month-on-month basis, rising to ₦1,241 in June 2024 from ₦1,041 in May, according to recent data from the National Bureau of Statistics (NBS). This figure represents the daily cost per adult, excluding expenses for transportation and meal preparation. Regionally, in June 2024, the average Cost of a Healthy Diet (CoHD) was highest in the South West at ₦1,545 per adult per day, compared to ₦956 per adult per day in the North West. The NBS explained, “The Cost of a Healthy Diet (CoHD) is the least…

Legendary Portuguese defender Pepê has announced his retirement from football. This marks the end of one of the most highly decorated careers of recent times. An emotional Pepe thanked those who have helped him throughout his career in a 33-minute video posted online on Thursday. “I can’t help but thank all the presidents who bet and believed in me to be able to perform my work,” he said. “To all the employees of all the clubs I’ve been to, who are the soul and essence of the clubs and the national team. And I want to thank everyone in the background. I…

Nigerian cyclist Ese Lovina Ukpeseraye was at the receiving end of a much-needed support from the German cycling team during the Paris Olympics. Ukpeseraye, representing Team Nigeria, found herself in a difficult situation when she had no bicycle to race with in the keirin and sprint events due to the short notice of her participation. “Due to the short notice of me competing at the keirin & Sprint, @teamNigeria I had no bicycle to race with on the tracks,” Ukpeseraye said in a post via her X handle on Thursday. “In d spirit of sportsmanship the German team @bunddeutscherradfahr came…

Some civil servants bought 50kg bags of rice at ₦40,000 and resold it at ₦85,000. This was the claim of Bismarck Rewane, a popular economist and the Executive Director of Financial Derivatives. Rewane disclosed this on Thursday in an interview with Channels Television. “Our team went into the market Yesterday(Wednesday),… The price of rice coincidently went up by 3.62 percent to ₦85,000. This is happening at the time the federal government is selling rice to public servants at ₦40,000 per 50-kilogram bag. While in what I can now describe as the parallel market for rice stood at ₦85,000. What happens…