Author: Akintayo Adams

The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has cleared the air on the exit of 1,000 staff who left the bank. This statement was made during the resumed House of Representatives investigative hearing on the disengagement of the 1,000 workers by the CBN. Cardoso emphasized that the Early Exit Package (EEP) was entirely voluntary and without any negative consequences for eligible staff. He explained that the restructuring and reorganization were aimed at optimizing the bank’s performance by ensuring that the right people were in the right positions. The House of Representatives had previously ordered the CBN to suspend…

The Abuja Electricity Distribution Company (AEDC) has announced that there will be power disruptions in parts of the Federal Capital Territory, Abuja, from January 6 to 21, 2025. The blackout is due to the relocation of the 33KV DC Airport Feeder and 132KV Kukwaba-Apo Transmission Line Towers along the Outer Southern Motorway. Affected areas include Lugbe & environs, Airport Road, Kapwa, NNPC, Games Village, National Stadium, Eye Clinic, Indoor Complex, Christ Embassy Church, American International School, Spring Court, American Embassy Quarters, EFCC HQ, Coca Cola, Railway, FMC, and parts of Apo. Other areas include parts of Gudu, Gbazango & environs;…

Manchester City manager Pep Guardiola has stated that Kevin De Bruyne’s contract expiring in June this year is not his concern. Speaking to the media on Friday, Guardiola emphasized that it is up to the club to decide whether to extend the Belgian midfielder’s deal. De Bruyne was heavily linked with a move to Saudi Arabia last summer but chose to stay at Manchester City. Currently, there have been no negotiations over fresh terms, and De Bruyne is free to speak with other clubs from this month. Guardiola commented, “It’s up to the club. It’s not my business. It’s about…

Global oil prices started the first trading day in 2025 on a positive note as Brent Crude and West Texas Intermediate (WTI) prices surged. Brent Crude and West Texas Intermediate (WTI) went up by 0.13 and 0.14 percent, respectively, at $76.03 and $73.25. The market sentiment turned positive on expectations of stronger economic and oil demand growth in 2025. Thursday’s Brent Crude price is above the $75 per barrel oil price benchmark for Nigeria in its proposed 2025 budget. For 2024, oil saw a second consecutive year of annual declines, falling by about 3 percent compared to the last closing…

Manchester United has confirmed that Harry Maguire has signed a contract extension, keeping him at the club until June 2026. The 31-year-old defender’s previous deal was set to expire this summer, but the club has decided to trigger the one-year extension clause. Head coach Ruben Amorim expressed his satisfaction with the decision, stating that Maguire’s leadership qualities are crucial for the team. Despite losing the captaincy last year, Maguire has found a new lease of life under Amorim, who prefers to play with three central defenders. Maguire has made 222 appearances for Manchester United, scoring 12 goals and lifting two…

Controversial social media activist, VeryDarkMan, has claimed that embattled rapper Naira Marley confessed to owing his former signee, Mohbad, an undisclosed sum of money prior to Mohbad’s death. Recall that Mohbad tragically passed away under suspicious circumstances in September 2023 after leaving Naira Marley’s Marlian Music due to alleged contract breaches by the record label. The controversial nature of his death led some to suspect his former label boss, Naira Marley, and his associate, Sam Larry, who was seen in a viral video assaulting Mohbad before his death. The duo were arraigned and remanded on October 6, 2023, for their…

Upon resumption of business after the New Year holiday, the naira appreciated against the dollar at the foreign exchange market. According to FMDQ data, the naira strengthened to N1,538.23 per dollar on Thursday from N1,538.25 on Tuesday, marginally gaining N0.02. However, on the parallel market, the naira fell to N1,665 per dollar on Thursday, from between N1,655 and N1,660 exchanged on Tuesday. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

Gospel music legend Deborah Fasoyin, renowned for the iconic song “Odun Lo Sopin,” has clarified that she did not compose the song. In an interview shared online by FM 365 and reported by Church Times Nigeria, Fasoyin revealed that the song predates her choir’s popular 1979 recording. She explained that her choir only added two verses to the already well-known hymn, which was widely sung in Christ Apostolic Church (CAC) congregations during revival programs. Fasoyin emphasized that the song was already popular before her choir formally recorded it. Despite her repeated public acknowledgements over the years, many have continued to…

The Chief Executive of MTN Nigeria, Karl Toriola, announced during an interview on Arise TV that the telecommunications firm has submitted a proposal to the Nigerian Communications Commission (NCC) for a 100% increase in service tariffs. Toriola acknowledged the uncertainty surrounding the approval of the proposal, given the current economic challenges in the country. “We’ve put forward requests of approximately 100 percent tariff increases to regulators. I doubt they’re going to approve that quantum of increases because they are very, very sensitive to the current economic situation in the country,” he said. This development comes amid growing speculation of an…

A wedding in Jigawa State has turned tragic after a bride allegedly poisoned food served at the reception. The incident, which occurred in the Jahun Local Government Area, has left the groom critically ill and one of the wedding guests dead. Eyewitnesses suggest that the bride’s actions may have been driven by a personal vendetta. Speaking on Friday, the state Police Public Relations Officer, Shi’isu Adam, confirmed the incident and stated that an investigation is underway. “We received a report that the bride had tainted the food served at the wedding reception, leaving the groom critically ill. Police have arrested…