Author: Akintayo Adams

According to former vice president Atiku Abubakar, President Bola Tinubu lacks concrete solutions to address the foreign exchange problem that has hurt the naira and made the nation’s economic crisis worse. He presented the authorities with other options to prevent the currency from depreciating further. In light of Tinubu’s meeting with governors and other stakeholders last Thursday to discuss the foreign exchange crisis and the issue of the economic slump, Atiku addressed yesterday. In his policy paper titled “My Covenant With Nigerians,” which he used to campaign for the Peoples Democratic Party (PDP) presidential candidacy in 2023, Atiku promoted a…

In an effort to alleviate hunger and lower the skyrocketing cost of food in the nation, the Nigeria Customs Service (NCS) revealed on Tuesday that it will provide Nigerians access to food items that have been forfeited. Among the goods confiscated by Service agents and awarded to the federal government by the court are rice, noodles, and groundnut oil. In a press release on Tuesday, the Service’s National Public Relations Officer, Abdullahi Maiwada, stated that the decision was made in reaction to the nation’s pressing problems, including the skyrocketing prices of basic food supplies. He stated that the goods will…

Thomas Tuchel, the Head Coach of FC Bayern Munich of Germany has agreed to leave the club by the end of the ongoing season, according to reports in Germany. A meeting occured between the Manager and the hierarchy of the Club in the early hours of Wednesday with the two parties reaching an agreement that will see him remain as Manager till the end of the season but no longer. Of late, Bayern Munich have experienced a poor run of form that has left them 8-points behind Bayer Leverkusen, and needing to overturn a 1-0 first leg defeat in the…

Due to the recent tanker driver strikes, black market racketeers are profiting from the sharp increase in the price of Premium Motor Spirit, or petrol, which has reached ₦1000 per litre in some areas of Lagos State. The patrol team of Channels Television noted on Wednesday that long lines were starting to form at the stations owned by the Nigerian National Petroleum Company Limited and the Major Energy Marketers Association of Nigeria, while the majority of filling stations in Lagos State, Ogun State, and the surrounding areas, particularly those affiliated with the Independent Petroleum Marketers Association of Nigeria, were under…

Tuesday marked the official handover of control of the Zungeru Hydroelectric Power Plant from the Federal Government—which had chosen Mainstream Energy Solutions Limited in February 2023—to Penstock Limited. According to a statement issued by Stanley Nkwocha, Senior Special Assistant to the Vice President on Media and Communications, Tuesday’s action is anticipated to “boost Nigeria’s power generation capacity and contribute significantly to meeting the country’s growing energy demands.” “FG finally hands over Zungeru Hydroelectric power plant to concessionaire” is the title of the statement. It occurred on February 23, 2023, one year after the National Council on Privatization authorized Mainstream Energy…

On Tuesday, a bill that aims to modify the 1999 Constitution to allow governors to designate state commissioners of police passed second reading in the House of Representatives. A commissioner of police chosen from among the state’s active police officers will lead the new state police under the proposed constitutional amendment, which is a long-awaited attempt to decentralize the Nigeria Police Force, which has been unable to handle the nation’s spiraling security crisis. The bill, sponsored by Benjamin Kalu, the deputy speaker of the house, and fourteen other sponsors, was titled “A Bill for an Act to alter the Constitution…

Hafsat Bakari was appointed as the Director/Chief Executive Officer of the Nigerian Financial Intelligence Unit on Tuesday by President Bola Tinubu, subject to Senate approval. Bakari takes over for Modibbo Tukur, who Tinubu fired in June 2023. The appointment was announced in a statement made by Ajuri Ngelale, Tinubu’s Special Advisor to the President for Media and Publicity. Bakari was characterized as a financial intelligence specialist and attorney with years of experience in counterterrorism finance, financial intelligence, and anti-money laundering. She held various positions at the Nigerian Financial Intelligence Unit, including Deputy Director, Head of the General Services Unit, Head…

In order to prevent the nation’s seat of power from being disconnected, President Bola Tinubu has issued an order for the payment of Aso Rock’s electrical bill. The Presidential Villa is in arrears for N923.87 million in unpaid energy bills, according to an advertisement by the Abuja energy Distribution Company (AEDC) that was published on Monday under the headline “Notice of disconnection.” The presidential residence and 86 government ministries, departments, and agencies (MDAs) were given a 10-day warning to settle their N47.1 billion energy debt or face being disconnected. The outstanding debt will be settled by the end of the…

The well-known Computer Village in Ikeja will be moved to Katangua in the Abule-Egba neighborhood, according to the Lagos State Government, because its current location is solely a residential area. During a Tuesday market assessment visit, Dr. Olajide Babatunde, the Special Advisor to the Governor on Electronic Geographic Information System and Urban Development, revealed this information. The Lagos State Building Control Agency carried out the examination in coordination with law enforcement and other relevant government emergency affairs authorities. Legally speaking, Ikeja Computer Village is a residential area, according to Babatunde. He also mentioned that there were initial delays in the…

According to the Confederation of African Football (CAF), Frank Onyeka, a midfielder for the Super Eagles of Nigeria, was the greatest tackler in the recently finished 2023 AFCON. Frank Onyeka, who participated in all seven of the Eagles’ games throughout the competition, earned the moniker “tank” for his extraordinary performance. His contribution to the Super Eagles of Nigeria’s journey from the tournament’s group stage to the championship was crucial. Remember that the Super Eagles lost 2-1 to the tournament’s hosts, Ivory Coast, after not dropping a single game during the group and knockout phases. Frank Onyeka made the most tackles…