Author: Akintayo Adams

The Central Bank of Nigeria (CBN) has reported a sharp rise in remittance inflows, which reached $553 million in July 2024, representing a 130% increase compared to the same period in 2023. This figure marks the highest recorded monthly total inflow, as stated by Hakama Sidi Ali, the CBN’s Acting Director of Corporate Communications, on Tuesday. The increase reflects the success of various CBN policy measures aimed at enhancing liquidity in Nigeria’s foreign exchange market. Key initiatives include licensing new International Money Transfer Operators (IMTOs), introducing a willing buyer-willing seller model, and facilitating easier naira liquidity access for IMTOs. Diaspora…

President Bola Tinubu has dismissed Jalal Arabi from his position as Executive Chairman of the National Hajj Commission of Nigeria (NAHCON). This was revealed by Presidential spokesman Ajuri Ngelale, who also announced Professor Abdullahi Saleh Usman as the new appointee to the role. Ngelale highlighted Usman’s credentials, noting his educational background from the University of Madinah and Peshawar University in Pakistan. Additionally, Usman has significant experience in Hajj operations, having previously served as Chairman of the Kano State Pilgrims Board, where he managed the country’s largest quota of state pilgrims. The appointment is pending Senate confirmation, and President Tinubu expects…

Pastor Abel Damina, the founder of Power City International Ministry, has said Jesus Christ, whom Christianity was named after and Christians regard as the saviour never practiced Christianity while alive. He made this known on the latest episode of ‘The Honest Bunch’ podcast co-hosted by actor Chinedu Ani Emmanuel aka Nedu. “Jesus wasn’t a Christian,” he said. “Christianity started in Antioch through [Brother] Paul. “It happened after Jesus was gone. “Everyone in the book of Acts were called Believers and not Christians.” Get instant and latest news updates via Our WhatsApp Community or Google News online channel.

Venezuelan track cyclist Daniela Larreal Chirinos was found at her home last Friday, having failed to show up at the hotel where she worked. She was found dead at her apartment in Las Vegas after she reportedly choked on her food. According to the Daily Mail, sources close to the investigation believe she died from asphyxiation. It was also reported that concerned colleagues alerted the authorities who then went to her flat in Las Vegas and found her inside. It is believed she has been dead since August 11, with emergency services alerted the following day. Larreal Chirinos first competed…

The Ogun State Government has flagged off the harvest of 1,400 metric tonnes of rice from a 200-hectare rice plantation in Magboro, Obafemi Owode Local Government Area. Governor Dapo Abiodun, who officiated the event, announced plans to expand the farm from 200 hectares to 2,000 hectares, aiming to enhance food security and self-sufficiency in the state. Governor Abiodun encouraged the youth to embrace agriculture, emphasizing its role in ensuring food security and boosting economic development. He promised infrastructure development to support both state and federal agricultural initiatives. The rice farm project involves 200 farmers, predominantly women and youths from across…

The Ademola Adélékè-led Osun State Government has declared Tuesday August 20, 2024 as a work-free day. This was declared in honor of Ìṣẹ̀se Day, a day of celebration for traditional religion adherents. The announcement was contained in a statement signed by Hon.Abdul-Rasheed Kayode Aderibigbe, the State’s Commissioner for Home Affairs. “This is to inform the General Public that the Executive Governor of Osun State, Senator Ademola Jackson Nurudeen Adeleke has declared Tuesday, 20th August, 2024 as a Public Holiday to celebrate “ISESE DAY”, it read. Get instant and latest news updates via Our WhatsApp Community or Google News online channel.

A Nigerian lady is currently trending on X, formerly known as Twitter for attending a wedding uninvited and stealing the bride’s mobile device. The gist was shared by Twitter User @UnclePamilerin. “The lady circled came to my friends wedding and stole from them,” the tweet read. “Apparently she lied to the event planner that she’s the wife’s sister, and lied to the couple that she works with the event planner 😭 “She even had a vendor tag, so it made her legit. “She stole all the money the sprayed the couple and even stole the bride phone.” Get instant and…

A woman has taken to social media to accuse her best friend of allegedly “snatching” her man, leaving her to raise four children on her own. In a video that has gone viral, the distraught woman shared images of herself with her best friend, followed by footage from the friend’s traditional wedding, which she claims is with her former partner. The video was captioned: “My best friend stole my man, after all I did for her. He married her, leaving me with 4 kids, all alone.” The post has sparked numerous reactions: Get instant and latest news updates via Our WhatsApp…

The Kenyan government, led by President William Ruto, plans to raise approximately $1.2 billion by reinstating certain taxes from a finance bill that was previously scrapped due to violent street protests. Finance Minister John Mbadi announced that about 49 tax measures are being considered, including the reintroduction of an “eco levy” on electronic goods and plastic packaging to help reduce environmental waste. The original finance bill, which was set to raise around $2.7 billion, was dropped after significant public unrest and clashes in Nairobi. In response to the funding shortfall, Ruto’s administration implemented spending cuts and increased borrowing. The new…

President Bola Tinubu has reportedly approved the use of 2023 dividends due to the federation by the Nigerian National Petroleum Company Limited (NNPCL) to cover petrol subsidy costs. This decision comes despite the government’s earlier stance on subsidy removal, which Tinubu had described as necessary to alleviate economic strain. The approval, granted on June 6, 2024, also includes suspending the payment of 2024 interim dividends to the federation to support NNPCL’s cash flow. NNPCL had informed the president that all strategies to ensure a stable gasoline supply had been exhausted, leaving the company unable to remit funds to the Federation…