Author: Akintayo Adams

A heartbreaking incident occurred at a carnival in Ibadan, the capital of Oyo State, where a stampede led to the deaths of several children. The tragedy unfolded in the Bashorun area on Wednesday. While the exact number of casualties remains unclear, it has been reported that many of the victims have been rushed to hospitals across Ibadan. The carnival, slated for Wednesday, saw parents bringing their children to the venue a day early, with others arriving in the early hours of Wednesday. The chaotic rush to enter the venue resulted in a deadly stampede, causing significant loss of life. Get…

President (Asíwájú) Bọ́lá Ahmed Tinúbú – GCFR has announced that his administration is targeting an exchange rate of ₦1500 to the dollar to achieve the goals set out in the 2025 budget. This ambitious target is part of the broader strategy to stabilize the Nigerian economy and ensure the successful implementation of the budget. The 2025 budget, which President Tinubu presented to the National Assembly, includes significant allocations for infrastructure development, social welfare programs, and economic reforms. By aiming for a ₦1500 exchange rate, the government hopes to enhance the value of the Naira, reduce inflation, and attract foreign investment.…

President Bola Ahmed Tinubu – GCFR is presenting the 2025 budget to a joint session of the National Assembly today. The Federal Executive Council approved the ₦47 trillion budget proposal on Monday. This budget is Tinubu’s second full budget since taking office in May 2023. The proposed budget is based on an oil price benchmark of $75 per barrel, oil production of 2.06 million barrels per day, and an exchange rate of ₦1,400 to the dollar. It projects total revenue at ₦34.82 trillion, while total expenditure is estimated at ₦47.96 trillion, marking a 36.8% increase from the 2024 estimate. The…

Osun State Governor, Ademola Adeleke, has ordered an immediate investigation into the case of Segun Olowookere, who was sentenced to death by hanging for stealing a chicken. The directive was issued through a statement by his spokesperson, Olawale Rasheed, on Tuesday. Governor Adeleke has instructed the state’s Attorney General to intervene and ensure that Olowookere is considered for a prerogative of mercy before the end of the year. In the statement, the governor emphasized the importance of justice and equity in Osun State, stating, “I have read about the case. I recognize separation of powers in our democracy. In this…

The National Bureau of Statistics (NBS) has revealed that between May 2023 and April 2024, Nigerians paid a total of ₦2.2 trillion as ransom due to the country’s escalating insecurity. This information comes from the latest NBS Crime Experience and Security Perception Survey. The report highlights that households affected by kidnapping incidents bore the brunt of these payments, underscoring the growing menace of criminal activities. An estimated 51.89 million crime incidents were recorded across Nigerian households during this period. Regionally, the North-West topped the list with the highest number of incidents at 14.4 million, followed by the North-Central region with…

The Central Bank of Nigeria (CBN) has announced a new policy capping daily withdrawals at Point-of-Sale (POS) terminals to ₦100,000 per customer. This directive, aimed at promoting a cashless economy, was detailed in a circular issued on December 17, 2024. Addressed to Deposit Money Banks, Microfinance Banks, Mobile Money Operators, and Super-Agents, the circular mandates immediate adherence to the new withdrawal limits. Additionally, the CBN has set a cumulative daily cash-out limit of ₦1,200,000 for agents and a weekly withdrawal ceiling of ₦500,000 per customer. The CBN clarified that these measures are designed to curb fraud, standardize operational practices, and…

Workers on the payroll of Oyo State Government will begin to receive the newly approved ₦80,000 minimum wage starting January 2025. This follows an agreement reached between the Oyo State Government and organized labour on the implementation of the minimum wage and consequential adjustments. The Secretary to the State Government, Prof. Olanike Adeyemo, and the Head of Service, Mrs. Olubunmi Oni, signed the agreement on behalf of the government, while Kayode Martins of the Nigeria Labour Congress and Bosun Olabiyi of the Trade Union Congress signed for organized labour. The new minimum wage salary structure will take effect nominally from…

Ogun State Governor, Dapo Abiodun, recently presented a ₦1.54 trillion budget for the year 2025 to the state House of Assembly. The budget, titled “Budget of Hope and Prosperity,” aims to stimulate economic growth, reduce inequality, and improve citizens’ well-being. Here are some key points: The budget prioritizes infrastructure, healthcare, housing, security, education, youth empowerment, job creation, and agriculture. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

Real Madrid and Brazil winger Vinícius Jr. has been named the Best Men’s Player of the Year at the 2024 FIFA The Best Awards. The 24-year-old forward received the prestigious award in Doha, Qatar, after an outstanding 2023-24 season with Real Madrid, where he played a key role in winning the UEFA Champions League and La Liga. Vinícius Jr. scored 24 goals and provided 11 assists in 39 appearances for Real Madrid last season. His exceptional performance throughout the year earned him this recognition, making him the first Brazilian to win the FIFA Best Player award since 2007.

The Nigerian Senate has advanced a bill aimed at banning the use of foreign currencies, including the Dollar and Pound, for all transactions within the country. Sponsored by Senator Ned Nwoko, the bill, titled “A Bill for an Act to Alter the Central Bank of Nigeria Act, 2007, No. 7, to Prohibit the Use of Foreign Currencies for Remuneration and Other Related Matters,” seeks to ensure that all financial transactions, including payments and salaries, are conducted exclusively in the Nigerian Naira. Senator Nwoko emphasized that the persistent use of foreign currencies like the Dollar, Pound, and Euro undermines the value…