Author: Akintayo Adams

The Nigerian government has spent $3.58 billion on servicing its foreign debt in the first nine months of this year, which is a 39.77% increase from the $2.56 billion spent during the same period last year. This substantial rise in external debt service payments underscores the increasing pressure on Nigeria’s fiscal balance amid ongoing economic challenges. Information from the Central Bank of Nigeria highlighted that May saw the highest monthly debt servicing payment this year, amounting to $854.37 million, compared to $221.05 million in May last year. The sharp contrast illustrates the growing cost of debt obligations as Nigeria grapples…

Monday Okpebholo has officially taken office as the new governor of Edo State. The inauguration ceremony took place at the Samuel Ogbemudia Stadium in Benin City on Tuesday, November 12, 2024. Okpebholo, a former senator and candidate of the All Progressives Congress (APC), won the governorship election held on September 21, 2024. In one of his first official acts, Governor Okpebholo announced the appointment of Dr. Cyril Oshiomhole, the son of former Edo State Governor Adams Oshiomhole, as the Commissioner for Health. This appointment was part of a broader set of nominations, including Musa Ikhilor as the Secretary to the…

The Ebonyi State government has denied rumors that the departure lounge of the Chuba Okadigbo Airport has been converted into a church due to low patronage. Speaking with journalists in Abakaliki, the Commissioner for Aviation and Transport Technology, Mrs. Ngozi Obichukwu, labeled the information as false and baseless. Mrs. Obichukwu clarified that the ministry’s staff holds monthly prayers to re-dedicate and ensure the smooth recommencement of flight operations at the airport. This statement came in response to a viral video on social media showing individuals purportedly conducting church services at the airport’s departure lounge. She explained that the prayer service…

Donald Trump has confirmed Elon Musk will co-lead the new department of government efficiency. The Tesla and X owner – who is also the world’s richest man – will work with former Republican presidential candidate Vivek Ramaswamy to lead the department, which is known as DOGE for short. This marks the fulfilment of a promise made to the tech billionaire after he endorsed Trump in the race for the White House, and poured more than $119m (£92m) canvassing for him in the seven battleground states. According to a statement, Trump said Musk and Ramaswamy “will pave the way for my administration to…

Real Madrid’s Marc Cucalon has retired from football. He called it quit at the age of 19. He blamed his decision on an injury and serious complications that followed. His highlight might be when became the youngest person, in 2020, to join the Common Goal initiative founded by Juan Mata. He joined at the age of 15. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

Activist politician Omoyele Sowore has disclosed that Edo North Senator Adams Oshiomhole had an agreement with former military Head of State Ibrahim Badamasi Babangida to implement Nigeria’s first fuel price increase in 1992. Sowore also alleged that Oshiomhole secretly met with former President Olusegun Obasanjo to request another fuel price hike. Related || ‘Obi isn’t different from corrupt Politicians’ He made these revelations during a podcast hosted by Glitch Africa Studios. “Oshiomhole was never an activist. You can check this out anywhere. In 1992, Oshiomhole and Pascal Bafial, a former NLC President, had a deal with Babangida to increase fuel…

Baltasar Ebang Engonga, the former Director General of Equatorial Guinea’s National Financial Investigation Agency (ANIF), has been jailed following a scandal involving over 400 sex tapes. The tapes, which featured Engonga with various women, including the wives of prominent figures, were discovered during a fraud investigation. The scandal has caused widespread outrage in Equatorial Guinea, with many calling for severe punishment. Engonga, who is also a nephew of President Teodoro Obiang Nguema Mbasogo, was arrested after authorities found the explicit videos during searches of his home and office. Vice President Teodoro Nguema Obiang Mangue condemned the actions, emphasizing the government’s…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that Nigerians will be informed of the new fuel pump price by Wednesday. This comes as negotiations between IPMAN and Dangote Refinery continue regarding the pricing strategy. IPMAN revealed that all other issues were resolved during their Monday meeting with Dangote Refinery, and Nigerians will feel the impact in the coming days. This information was shared by Yakubu Suleiman, National Assistant Secretary of IPMAN, during an interview on Arise Television’s Morning Show. The announcement follows IPMAN’s agreement with Dangote Refinery to lift products directly. Suleiman emphasized that the discussions with…

Omoyele Sowore, the former presidential candidate of the African Action Congress (AAC), has clarified why he cannot form a coalition with Peter Obi, the 2023 Labour Party presidential candidate. Sowore stated that Obi is not different from other corrupt politicians, emphasizing that he is simply better at “packaging.” Sowore also highlighted that he had been running for the presidency long before Obi gained national prominence. Featuring in a recent episode of the Honest Bunch Podcast, he said, “Before you discovered Peter Obi, I was already running for President. All these shouts about Peter Obi… He just knows how to package.…

Guinness Nigeria has announced an increase in the prices of several of its products due to prevailing economic challenges, including inflation and currency devaluation. This decision, communicated in a memo signed by Olusanya Adesanya, the company’s commercial director, is aimed at addressing the rising costs of production materials and operational expenses. The price adjustments affect a range of products. For instance, Small Guinness is now priced for wholesalers at N17,570, retailers at N18,020, and per bottle at N900. Related || Nigerian Breweries Announce Further Increase in Prices of Beer “FES Can will now cost wholesalers N23,580, retailers N23,965, and per…