Author: Akintayo Adams

The Nigerian Senate has issued a warrant of arrest against the management of construction company, Julius Berger, for repeatedly snubbing its invitations. The Senate’s resolution on Thursday followed a motion raised by Senator Osita Ngwu, representing Enugu West, expressing concern over Julius Berger’s repeated failure to appear before the Senate Committee on Works. The lawmaker noted that Julius Berger has many failed contracts littered across the country, stressing the need to investigate the development. According to him, the company is taking the Senate for granted. Referencing the Senate’s power to summon anyone before its investigative committee, Ngwu said, “If a…

President Bola Tinubu is scheduled to present the 2025 proposed budget to a joint session of the National Assembly on Tuesday, December 17, 2024. The announcement was made by Senate President Godswill Akpabio during a plenary session, revealing that the President has sent a communication to that effect. “The president has made his intention known to the National Assembly to present the 2025 budget to the joint session of the National Assembly on the 17th of December, 2024,” Akpabio said. The proposed budget, totaling N47.9 trillion, was earlier announced by the Minister of Budget and Economic Planning, Atiku Bagudu. This…

President-elect Donald Trump has been named Time magazine’s Person of the Year for 2024, marking the second time he has received this honor. Trump was previously named Person of the Year in 2016 following his first presidential election victory. Time’s Editor-in-Chief, Sam Jacobs, stated, “For marshaling a comeback of historic proportions, for driving a once-in-a-generation political realignment, for reshaping the American presidency and altering America’s role in the world, Donald Trump is TIME’s 2024 Person of the Year.” Trump’s political resurgence has been described as unparalleled in American history. Despite facing multiple criminal investigations and an assassination attempt in July,…

Veteran journalist and former Special Adviser to President Muhammad Buhari on Political Matters, Babafemi Ojudu, has raised alarm over the severe neglect and decay at the University of Ibadan, Nigeria’s oldest and most prestigious institution. In a Facebook post on Wednesday, Ojudu painted a grim picture of the current state of the university, describing widespread “grime and decay” across its hostels, faculties, lecture halls, administrative buildings, and toilets. He expressed dismay that such deterioration exists not in Lagos’s bustling districts like Oshodi or Mushin, or in Ibadan’s crowded markets such as Sabo, Agbeni, or Oje, but right within the heart…

The Nigerian Exchange Limited (NGX) maintained its bullish trend on Wednesday as market capitalization gained N183 billion. The NGX market capitalization, which opened at N59.532 trillion, gained N184 billion, or 0.31 per cent, to close at N59.715 trillion. The All-Share Index also added 0.31 per cent, or 303 points, to settle at 98,509.68, against 98,206.97 recorded on Tuesday. To this end, the Year-To-Date (YTD) return increased to 31.74 per cent. Gains in Aradel Holdings, Zenith Bank, United Bank for Africa (UBA), Oando Plc, Nigerian Breweries, and other equities drove the market performance up. Market breadth closed positive with 34 gainers…

The leader of the United Kingdom’s Conservative Party, Kemi Badenoch, has responded to criticism from Nigeria’s Vice President, Kashim Shettima, asserting that she stands by her remarks about Nigeria despite accusations of denigrating the country. Badenoch, who was born in the UK in 1980 to Nigerian Yoruba parents, has described her upbringing in Nigeria as being overshadowed by fear and insecurity in a country plagued by corruption. She married Scottish banker Hamish Badenoch and took his surname. Before her election as leader of the Conservative Party, Badenoch described Nigeria as a socialist nation brimming with thieving politicians and insecurity. “This…

The United States Embassy in Nigeria has announced changes to its immigrant visa process, set to take effect on January 1, 2025. In a statement shared on its official X page on Tuesday, the embassy revealed that applicants with scheduled interviews will now be required to visit the Consulate General in Lagos twice during the visa process. The announcement read, “For applicants with interviews scheduled after January 1, 2025, you are required to visit the Consulate General in Lagos at least twice during the immigrant visa process. “This new process is designed to help you prepare for your visa interview…

President-elect Donald Trump has announced the nomination of Kimberly Guilfoyle, a former Fox News host and fiancée of his eldest son, Donald Trump Jr., as the next United States ambassador to Greece. Related || Trump appoints in-law as Senior Adviser In a statement late Tuesday, Trump described Guilfoyle as a close friend and ally of many years. He said, “For many years, Kimberly has been a close friend and ally. Kimberly is perfectly suited to foster strong bilateral relations with Greece, advancing our interests on issues ranging from defense cooperation to trade and economic innovation.” Guilfoyle, who became engaged to…

Nigeria has retained its position as Africa’s largest oil producer, according to the latest report from the Organisation of the Petroleum Exporting Countries (OPEC). In November 2024, Nigeria’s oil output increased to 1.48 million barrels per day (bpd), up from 1.33 million bpd in the previous month. This increase solidified Nigeria’s position as the continent’s leading oil producer, surpassing Algeria, which produced 908,000 bpd, and Congo, with an output of 268,000 bpd. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) also reported that Nigeria’s crude oil production increased to 1.69 million bpd in November from 1.53 million bpd in October. OPEC’s…

Nigerian musician Shallipopi has called out Dapper Music over alleged financial exploitation, weeks after announcing his exit from the label. Shallipopi parted ways from the record label in November 2024. In a statement released on Wednesday, Shallipopi accused the label of breach of trust and mishandling of his finances. He wrote: “I am officially ending my agreement with Dapper Music and Dvpper Digital. This was not a choice I made lightly, but a step I had to take after my trust was broken, my finances mishandled, and my rights were disregarded as an artist. “This is bigger than just me.…