Author: Akintayo Adams

On Thursday, President Bola Tinubu defended the reforms carried out by his administration, asserting that they cannot be undone. After declaring an end to the fuel subsidy program at his inauguration, Tinubu introduced other reforms along with the currency. The country’s currency lost value as a result of the actions, which increased the cost of living in Nigeria. The president is not giving up on reforms despite the opposition and demonstrations that have greeted Tinubu’s administration’s measures. “I am happy that the Council is interested in various segments of Nigeria’s economy. We are right in the middle of a challenging…

Mr. Gbenga Alade has been appointed Managing Director of the Asset Management Corporation of Nigeria by President Bola Tinubu. Ahmed Kuru, who took office in August 2015, is succeeded by Alade. Additionally, the president gave his approval to the appointment of the ten executive chiefs of Nigerian Communications Commission, Nigerian Communications Satellite Limited, and Galaxy Backbone Limited. In a statement he signed on Thursday, Special Advisor to the President on Media and Publicity, Ajuri Ngelale, revealed the appointments under the heading “President Tinubu appoints new AMCON management team.” In addition, Tinubu nominated the remaining three executive directors, subject to ratification…

48 Kwara State University (KWASU) students and two citizens of the Malete region of the state have been arrested by agents of the Economic and Financial Crimes Commission’s (EFCC) Ilorin Zonal Command for alleged offenses that may have involved online fraud. The arrest followed reliable information about the increasing prevalence of “yahoo-yahoo” commerce in the state, particularly on college campuses. The EFCC jumped into action in an attempt to rid the state of corruption and other evildoings by “yahoo-yahoo boys.” Following days of observation, agents of the Commission closed in on the suspects and apprehended them in their various hideouts…

Two new universities will be established with approval from the federal government, increasing the overall number of universities in the nation to 274 and the number of private universities to 149. Lighthouse University in Evbuobanosa, Edo State, and the African School of Economics in the Federal Capital Territory (FCT) in Abuja are the two universities in question. The two institutions were approved by President Bola Tinubu during the Federal Executive Council (FEC) meeting on December 13, 2023, according to Minister of Education Prof. Tahir Mamman, who spoke at the awarding of provisional licenses to the two universities on Thursday in…

To increase security in the area, the police departments of Lagos and Ogun States have started working together to patrol the Lagos-Ibadan Expressway. This was revealed in a post published on his X account on Thursday by SP Benjamin Hundeyin, the spokesman for the Lagos State Police. According to Hundeyin, the coordinated patrols will encompass the Sagamu Interchange to Kara Bridge. “As part of efforts to enhance security on the Lagos-Ibadan Expressway, the Police Command in Lagos State and its Ogun State counterpart have commenced joint patrols of Kara Bridge to Sagamu Interchange. “The patrol teams from the Lagos command…

The appointment of twelve individuals to the Central Bank of Nigeria’s (CBN) Monetary Policy Committee has been approved by the Senate. This confirmation follows the discussion of a report by the CBN’s Committee on Banking, Insurance, and Other Financial Institutions Committee in plenary on Thursday. The members are: 1. Olayemi Cardoso – Chairman 2. Muhammad Sani Abdullahi – Member 3. Bala M. Bello – Member 4. Emem Usoro – Member 5. Philip Ikeazor – Member 6. Lamido Yuguda — Member 7. Jafiya Lydia Shehu – Member 8. Murtala Sabo Sagagi – Member 9. Aloysius Uche Ordu – Member 10. Aku…

The Chief of Defence Staff, General Christopher Musa, has strongly warned against demands for a coup in reaction to the country’s economic problems. He has also emphasized the value of democracy and patience. After the groundbreaking of many construction projects, he conveyed this message to reporters at the Nigerian Army 6 Division Headquarters in Port Harcourt, Rivers State. General Musa urged people who were advocating for a military coup to stop using such language. Following his ceremonial opening of the new entrance gate and officers’ transit accommodations at the 6 Division Headquarters, he made the following remarks. Protests in Ogun,…

Resuming direct cash transfers to Nigeria’s most vulnerable and impoverished citizens is one of the goals of the federal government, according to the Coordinating Minister of the Economy, Wale Edun. Currently, these programs serve about three million people, but the government estimates that 12 million more households may be eligible for these direct payments as a result of rising living expenses. The minister said, “The presidential panel on the social investment programmes have prepared to go to Mr. President with an internal recommendation to restart the direct payments to the poorest and the most vulnerable. Everything is being done to…

On Thursday, a Court in Spain found Former Barcelona and Brazil football player Dani Alves guilty of raping a woman in a Barcelona nightclub. He has been given a four and a half year prison sentence. One of the most renowned football players in history, the 40-year-old, had denied sexually abusing the woman in the early hours of December 31, 2022. Alves has the right to appeal the sentence because his attorney had requested that he be found not guilty. Accused of enticing the woman to use a restroom in the nightclub’s VIP area, Alves maintained that she had the…

In light of the recent spike in the cost of cement and other building supplies in Nigeria, the Senate has decided to look into the operations of the main cement producing companies operating in the country. On Wednesday, the lawmakers declared that they will be able to solve the issue thanks to their investigation. Additionally, it pleaded with the federal authorities to let cement imports as a temporary fix. As a result, it directed the Senate Committee on Industries, chaired by Senator Francis Fadahunsi, to look into the operations of the Nigerian cement manufacturing sector. The purpose of this, it…