Author: Akintayo Adams

The International Monetary Fund (IMF), through its Managing Director, Kristalina Georgieva, says inflation is easing faster than foresighted but work needs to be done for it to be fully defeated. She was quoted in a statement on Thursday at the China Development Forum (CDF) 2024, an event hosted by the Atlantic Council Think Tank in Beijing. She advised central bankers to meticulously adjust their decisions regarding interest rate cuts based on incoming data. Georgieva noted that headline inflation for advanced economies stood at 2.3 percent in the final quarter of 2023, a decrease from 9.5 percent just 18 months prior,…

On Thursday, Lagos State Governor, Mr. Babajide Sanwo-Olu, reaffirmed his administration’s dedication to transforming the Badagry area into a tourist destination city. He emphasized that the ancient city of Badagry boasts numerous historical and tourist attractions, making it a significant hub for tourism. During a working tour and visit to Badagry Tourism sites and projects, Governor Sanwo-Olu reiterated his commitment. He highlighted that the visit underscored his dedication to understanding the needs and challenges of the people of Badagry firsthand, ensuring ongoing progress and development in the region. Speaking to journalists during the working tour, Governor Sanwo-Olu affirmed his administration’s…

Super Eagles striker, Victor Boniface, made a triumphant comeback to Europa League play on Thursday, securing a 2-0 win for Bayer Leverkusen against West Ham United with a characteristic header goal. The Hammers remained resilient throughout most of the game, but substitute Jonas Hofmann finally opened the scoring with a volley in the 83rd minute. In stoppage time, Boniface, who also came off the bench secured an important second goal by heading in a cross from Hofmann, providing Xabi Alonso’s team with a notable advantage going into the second leg at London Stadium. Before Thursday night’s match, Boniface had been…

Former Senator, Shehu Sani has described late Ogbonnaya Onu as a ‘rare breed politician’. It was earlier reported that Onu, an All Progressives Congress (APC) presidential aspirant in the 2023 election, died on Thursday. The former lawmaker further said that the late Ogbonaya Onu was “stopped” from being the President of Nigeria in 1999 as he “could have been Nigeria’s President in 1999 after he won the APP primaries in Kaduna, attended by the likes of the late Ikemba of Nnewi Chief Ojukwu. Paying tribute to the first Civilian Governor of Abia State, he said: “He was deliberately displaced after…

The Government of the United Kingdom, on Thursday, as part of its efforts to lower the rate of immigration announced an increase in the income required to sponsor an individual coming to the country on a family visa. This was made known by the UK home office via its official X (formerly Twitter) handle. “We’re delivering the biggest-ever cut in legal migration and an immigration system that works for the British people. “We have increased the family visa minimum income requirement,” the statement read. It was noted that the minimum income requirement needed to bring a family member to the…

The Nigerian Air Force (NAF), on Wednesday, bombed three terrorists camps in Zamfara, annihilating them in multiple. According to a statement by AVM Edward Gabkwe, the spokesman of the Nigerian Air Force, the operation was conducted by the Air Component of Operation Hadarin Daji, NAF Spokesman. Gabkwet said the camps destroyed belong to terrorist kingpins, Abdullahi Nasanda in Zurmi, Malam Tukur in Gusau, and another in Maradun Local Government Areas of Zamfara. He disclosed that Intelligence, Surveillance and Reconnaissance (ISR) missions were conducted on Nasanda’s Camp where terrorists’ activities were sighted and their hidden motorcycles. “Having established that their activities…

A 300 per cent electricity tariff increase has been approved for Band A consumers across Nigeria country by the Nigerian Electricity Regulatory Commission (NERC). Musiliu Oseni, Vice chairman of NERC, made the announcement Wednesday aafternoon in Abuja. He stated that beginning April 1, 2024, power distribution companies (DisCos) will be permitted to increase the price of electricity for urban consumers from N68 to ₦225 ($0.15) per kilowatt-hour. However, he explained that the increase will only affect 15 per cent of the electricity customers in the country, which, according to him consume 40 per cent of the nation’s electricity. “We currently…

President Joe Biden of the United States of America, on Thursday said black women in America are more likely to die during pregnancy compared to their white counterparts. He disclosed this while making a case for Black Maternal Health Week. Posting via X, Biden said his administration is addressing the unfair treatment being faced by the black community in the US. Biden wrote: “Black women in America are 3x as likely to die from pregnancy-related complications than white women, making Black Maternal Health Week an urgent call for action. “That’s why we’re using the power of the federal government to…

The Lagos State Government has reiterated its resolve to demolish buildings that fail its integrity test. Governor Babajide Sanwo-Olu, who was at Dosunmu market disclosed this after 14 structures around the two that caught fire at the said marketplace on Lagos Island on Tuesday couldn’t resist the inferno. “A lot of residential apartments have been turned to warehouses. I am saying without any iota of doubt that more buildings will go down. “I just finished the assessment of a very unfortunate, but preventable disaster. “Access was denied to the first responders to the fire for a couple of hours. This…

The Minister of Works, Dave Umahi has revealed that the Federal Government plans to charge ₦3,000 per toll gate once the Lagos-Calabar highway project is completed. Umahi made this announcement during a guest appearance on the program “The Morning Brief” on Channels Television, emphasizing that motorists can expect a toll charge of ₦3,000 per gate along the highway. “Let me leave out the infrastructure along the corridor. Let me just concentrate on the tolls and I put 50,000 vehicles as an average passage on these toll points per day,” he said. “I put N3,000 as an average cost. N3,000 because…