Author: Akintayo Adams

The Naira experienced depreciation against the dollar yesterday, trading at N1,650.20 per dollar at the official market, compared to N1,645.45 the previous day. On the black market, the Naira traded between N1,738 and N1,745 to the dollar. This depreciation comes amid a decline in FX transaction turnover, which dropped to $214.73 million from $236.84 million recorded the previous day. The depreciation has raised concerns among businesses and investors, as the Naira continues to face pressure from dollar scarcity and high inflation. Despite interventions by the Central Bank of Nigeria (CBN), the Naira’s value has been fluctuating significantly in recent months.…

In a significant political development, three gubernatorial candidates have stepped down in favor of Governor Lucky Aiyedatiwa ahead of the Ondo State governorship election scheduled for Saturday. The candidates, Dr. Ajibola Falaye of the Accord Party, Hon. Jenyo Ataunko of the National Rescue Movement, and Olaide Ibrahim of the African Democratic Congress, announced their decision during a solidarity visit to Governor Aiyedatiwa. Dr. Falaye, speaking on behalf of the endorsing candidates, praised Governor Aiyedatiwa’s commitment to public service, his track record, and his performance in office. He highlighted the governor’s inclusive approach to governance and his efforts in maintaining peace…

The Babájídé Sanwó-Olú-led Lagos State Government has demolished some shanties in Ajao Estate Canal bank, where tenants pay ₦100,000 annual rent. This was made known in a statement by the state Commissioner for Environment and Water Resources, Tokunbo Wahab, shared on X (formerly Twitter) on Friday. Wahab wrote, “In continuation of concerted measures to reduce the scourge of environmental infractions and illegal encampment in public spaces, the Lagos Environmental Sanitation Corps (LAGESC) popularly known as KAI on Thursday demolished 138 shanties around the canal bank in Ajao Estate Canal where illegal occupants pays between ₦60,000 to ₦100,000 rent.” Get instant…

Victor Osimhen has made history by scoring his 23rd goal for the Nigeria national team, tying him with the legendary Segun Odegbami on the all-time top scorers’ list. Osimhen achieved this milestone during Nigeria’s recent 1-1 draw against the Benin Republic in a 2025 Africa Cup of Nations qualifier on Thursday night. Related: Super Eagles seal AFCON Qualification Here is the updated list of Nigeria’s all-time top goal scorers: Osimhen’s goal came in the 81st minute, rescuing a point for Nigeria after Benin had taken the lead earlier in the match. The Super Eagles now lead Group D with 11…

The Egbeda Community Football Association is set to host its eagerly anticipated end-of-the-year soccer competition, bringing together local teams for a series of thrilling matches. The tournament, which kicks off on Saturday, November 16, 2024, promises to be a highlight in the community’s sports calendar, featuring intense rivalries and showcasing budding talents. Group Stage Draws Teams have been divided into four groups, each battling for supremacy to advance to the knockout stages. The groups are as follows: Group A: Group B: Group C: Group D: Opening Matches The tournament will kick off with a series of exciting matches. On Saturday,…

The Federal Government has approved a N250 billion mortgage refinancing loan to bridge housing deficits in the country. Minister of Finance and Coordinating Minister for the Economy Wale Edun disclosed this on Thursday, shortly after the Federal Executive Council meeting. The meeting was presided over by President Bola Ahmed Tinubu. “The Ministry of Finance Real Estate Investment Fund is going to be, in the first instance, a N250 billion fund that will provide low-cost, long-term mortgages to Nigerians that want to acquire houses; it will help to complete or help to fill part of the gaping 22 million housing unit…

The Federal Executive Council (FEC), presided over by President Bola Tinubu, has approved a proposed budget of N47.9 trillion for the 2025 fiscal year. The Minister of Budget and Economic Planning, Atiku Bagudu, announced this decision after the FEC meeting held at the State House in Abuja. The 2025 budget is part of the Medium Term Expenditure Framework (MTEF) for 2025 to 2027 and aligns with the provisions of the Fiscal Responsibility Act of 2007. The framework projects a Gross Domestic Product (GDP) growth rate of 4.6%, an exchange rate of $75 to the Naira, and oil production of 2.06…

The Super Eagles have officially qualified for the 2025 Africa Cup of Nations following Libya’s victory over Rwanda. The Mediterranean Knights triumphed over the Amavubi with a score of 0-1 in a tense match held at the Amahoro Stadium in Kigali. With this win, Libya managed to secure their first three points of the qualifying campaign, but it was Nigeria’s earlier awarded 3-0 victory over Libya that sealed their place in the tournament. The Confederation of African Football (CAF) had awarded Nigeria the victory after the Super Eagles were stranded at the airport in Libya during their last match in…

he European Union has fined Meta, the parent company of Facebook, nearly 800 million euros ($846 million) for breaching EU antitrust rules. The European Commission accused Meta of engaging in abusive practices with its Facebook Marketplace online classified ads business. The fine was issued due to Meta’s actions that gave its Marketplace service an unfair advantage over competitors by tying it to Facebook and imposing unfair conditions on other classified ads service providers. Meta has stated that it will comply with the Commission’s order to end these practices but also plans to appeal the decision. Get instant and latest news…

AS Roma has announced the return of veteran manager Claudio Ranieri for a third spell in charge of the club. The 73-year-old coach, who previously managed Roma from 2009 to 2011 and briefly in 2019, has come out of retirement to take over from the recently sacked Ivan Juric. Ranieri will initially serve as the head coach for the remainder of the season, with a transition to a senior executive role as an advisor on sporting matters planned for the end of the season. His appointment has been warmly welcomed by Roma fans, who see him as a symbol of…