Author: Akintayo Adams

A deal valued at around $4.5 billion has been agreed by Formula One owners Liberty Media to acquire Moto GP. MotoGP disclosed in a statement that Liberty Media would own an “approximately 86 per cent” stake upon acquisition from Spain-based owners Dorna in a deal valued at 4.2 billion euros ($4.5 billion). “Liberty Media Corporation has announced an agreement to acquire MotoGP. MotoGP is the pinnacle of two wheels,” read a statement issued by MotoGP. “Liberty Media will acquire approximately 86 per cent of Dorna, with Dorna management retaining approximately 14 per cent of their equity in the business. “The…

Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission has reiterated his commission’s resolve to avoid bias in the fight against corruption. Olukoyede said this in Abuja on Sunday at an Anti-Corruption Concert organised to create awareness and public involvement in the fight against internet crimes. “We will not spare anyone. We will not spare the mega thieves. As we are doing the mega, we will also do those at the lower end. In the last two months, we have arraigned two former governors,” he said. “So, it is not true that we are only focused on internet…

The Federal Government under the leadership of President Bola Ahmed Tinubu has approved the payment of ₦25bn to the National Primary Healthcare Development Agency (NPHCDA) and the National Health Insurance Authority (NHIA), to further expand and enhance healthcare delivery to the populace. This was disclosed by the Coordinating Minister of Health and Social Welfare, Ali Pate, who said the present administration is totally dedicated to changing the face of the health sector to attain Universal Healthcare Coverage (UHC) for Nigerians. Health transformation, renewal and accessibility would be achieved with the approval of a Sector Wide Approach (SWAp), and the Health…

President Bola Ahmed Tinubu is set to attend the inauguration of Senegal’s President-elect, Bassirou Diomaye Faye. He will depart Abuja on Tuesday for Dakar, Senegal. This was revealed in a press statement by the Special Adviser to the President (Media & Publicity), Chief Ajuri Ngelale on Monday where he said the president’s trip is at the invitation of the Republic of Senegal. President Tinubu, who doubles as the Chairman of the Economic Community of West African States (ECOWAS) Authority of Heads of State and Government, will join other regional leaders to witness the inauguration at the Diamniadio Exhibition Centre. Accompanying…

According to NBS Rail Transportation Data for Q4 2023 released by the National Bureau of Statistics (NBS), the Nigerian Railway Corporation generated ₦1.07 billion as revenue from passengers in Q4 of 2023. Compared to the ₦1.15 billion generated in Q4 of 2022 the report shows a decrease of 7.51 per cent. Similarly, it showed that ₦423.22 million was collected in Q4 2023 as revenue from goods/ cargos, this increased by 169.16 per cent from ₦157.23 million received in Q4 2022. “Also, other receipts grew by 3.02 per cent from the N382.17 million recorded in Q4 2022 to N393.72 million recorded…

The Minister of Works, Dave Umahi, said he had received a revelation from God that President Bola Tinubu would spend eight years in office. He spoke as a guest on an interview on Channels TV current affairs programme, Sunday Politics where the former Ebonyi State Governor said Tinubu’s victory in the 2023 election was pre-ordained by God. He uttered the statement while reacting to the completion deadline given to contractors for the Lagos-Calabar coastal road. “The Lagos-Calabar coastal road, as you rightly said, is 700km and it is of 10 lanes, five on either side. “In the middle, we have…

Turkey’s opposition claimed a mind-blowing victory across several major cities in the country’s local elections Sunday, dealing a crushing blow to President Recep Tayyip Erdogan’s ruling party and handing it its heaviest defeat in more than two decades. Istanbul Mayor Ekrem Imamoglu told thousands of supporters “Those who do not understand the nation’s message will eventually lose,” after vote counts revealed that his center-left Republican People’s Party (CHP) had swept the polls in Istanbul by more than a million votes. “Tonight, 16 million Istanbul citizens sent a message to both our rivals and the president,” he said. Large crowds filled…

Initially published in 1972, ‘The Man Died’, a collection of Nobel Laureate Winner, Professor Akinwande Oluwole “Wole” Babatunde Soyinka’s prison experience is set to be released as a movie in July 2024, 42 years later. The release will coincide with Soyinka’s 90th birthday. Produced by Prof. Awam Amkpa mostly in the historical city of Ibadan, Oyo State from the stable of Zik Zulu Film, the principal cast of the movie includes British-Nigerian actor, Wale Ojo, Sam Dede, Nobert Young, amongst others. ‘The Man Died’ is Professor Wole Soyinka’s recount of his arrest and 22-month imprisonment during the Nigerian Civil War,…

President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has come up with an idea that Nigeria should be renamed the “United States of Nigeria.” This was contained in a statement issued on Saturday by his Special Adviser on Industrialisation, Prof. Banji Oyelaran-Oyeyinka where he made the suggestion in his speech titled ‘Making a New Nigeria: Welfarist policies and people-centred development’. “We must be audacious! Instead of the Federal Government of Nigeria, we could think of the United States of Nigeria. The old would give way to the new,” he said. “We would change the relational mindset between the…

Former Vice President of the Federal Republic of Nigeria, Alhaji Atiku Abubakar, has called on fellow opposition political parties in Nigeria to learn from the elefyon in Senegal and form a coalition ahead of the 2027 general election. He made this known while congratulating the Senegalese president-elect, Bassirou Diomaye Faye. Atiku said one of the ways to remove the ruling party from office is for opposition political parties to unite into a strong coalition. He made reference to the 2015 general elections in Nigeria, when the opposition rallied together to unseat the Peoples Democratic Party (PDP) and hand over the…