Moskolainoblog

  NURTW HQ Wades Into Rift Between Lagos Bosses MC Oluomo & Seego The National headquarters of the NURTW (National Union of Road Transport Workers) has waded into the rift between the Chairman of the Lagos state chapter, Musiliu Akinsanya alias MC Oluomo, and Treasurer, Mustapha Adekunle also known as Seego. Based on an agreement endorsed by the Governor of Lagos state, Babajide Sanwo-Olu, MC Oluomo was supposed to have stepped down for Seego to become Chairman of the NURTW in Lagos state while he pursues his ambition to become the next National President of the transport union. MC Oluomo, however, balked at the last moment and secured support from other stakeholders to hold to the Lagos state NURTW position until Seego helped him to secure the National President slot. The development sparked the tension that resulted in the National Headquarters of the NURTW intervention on February 27, 2024. SocietyNow.Ng gathered that as part of the measures to protect the peace, the meeting...

  Presidential spokesman, Bayo Onanuga has said that cryptocurrency trading website Binance will "destroy" Nigeria's economy if not checked. Appearing on Channels Television on Wednesday, February 28, Onanuga alleged that Binance is arbitrarily fixing foreign exchange rate. He said; "If we don't clamp down on Binance, Binance will destroy the economy of this country. They just fix the rate. We have saboteurs. Look at what Binance is doing to our economy. That is why the government moved against Binance. Some people sit down using the cyberspace to dictate even our exchange rate, hijacking the role of the CBN. "They just sit down and fix anything they like. It's a sabotage and we are trying to prevent that from happening henceforth."

  The Association of Table Waters Producers (ATWAP) has said that the price of pure water may be sold for N100 per one due to the high cost of production materials. The group which spoke at a press conference in Lagos, said they've been facing so many challenges such as high cost of diesel, lack of power as well as high cost of production. They also said that the current price of water sales reflects the situation of the country. One of the group's representatives said; "Pure water is sold for N50 now, and it is even going up to N100 per one. At our own end, there's nothing we can do. The cost of production is high. "As at last year December, we were buying materials (nylon) for NI, 100 per KG. The 6 kg of nylon is now N3,600/N3,700. The cost of treatment is also high. The increment for these materials comes at 3 times in one week. It is also difficult for us to increase the price of water. "If ordinary Nigerians can't afford pure water, I don't know ...

  Nigeria's Department of State Security detained at least two Binance employees on Monday night, Feb. 26, in Abuja in connection with investigations into the crypto exchange's operations in the country, Financial Times reports. Authorities have seized the passports of two Binance executives, an American and a British citizen, According to Financial Times, the executives flew to Nigeria following the country's decision to ban several cryptocurrency trading websites last week but they were detained and their passports seized, Officials did not provide details on why the Binance. employees are being detained, and it remains unclear on whether they have been charged with any violations of Nigerian law. The incident comes as the Nigerian Communications Commission ordered internet service providers to block access to Binance, Kraken, Coinbase and other crypto exchange websites. That action came after Binance and other crypto exchanges were accused of aiding and abetting currency...

  President Tinubu has assured Nigerians that the economic situation will improve and pains will give way to prosperity. Tinubu said this during the unveiling of the Expatriate Employment Levy (EEL) in Abuja on Wednesday, February 28. The President said despite the economic challenges Nigerians are experiencing now, there is light at the end of the tunnel. "We must assure Nigerians that there is light at the end of the tunnel. We might be going through a difficult period now, but when you look at the Infrastructure Concession Regulatory Commission, the Federal Ministry of Finance, Budget and National Planning and people manning the ship of this country, including the Central Bank of Nigeria (governor), they have collaborated and in the spirit of development and progress, we are glad that good effort is being made to retool, re-engineer the finances of the country and make growth our hallmark."

  For the first time since last week, the Naira depreciated marginally against the US dollar on the foreign exchange market on Tuesday. Data from FMDQ showed that the Naira dropped to N1,615.94 per USD on Tuesday from N1,582.94 on Monday. This represents an N30 or 2.0 per cent depreciation compared to the N1,582.94 recorded at the close of trading on Monday. Meanwhile, the Naira exchanged for N1,618.489 per USD on Tuesday at the parallel market from an average of N1,600 on Monday. The FX rate at both foreign exchange markets showed that the margin had shrunk to N2.5. DAILY POST recalls that Naira had continued its appreciation trend on Monday. The last time the Naira depreciated at the FMDQ market was the close of work on Friday last week. At the end of Tuesday’s 293rd Monetary Policy Committee meeting, the governor of the Central Bank of Nigeria reiterated his commitment to strengthen the Naira against USD at the forex market. The CBN had announced the resumption of foreign exchan...

  Emefiele: We are proud to say that if for about nine years as CBN governor, the only misdemeanor found in our brother is forgery - ASF According to the report from the Vanguard, A Delta State-based group, the Agbor Stakeholders Forum, defends the reputation of Godwin Emefiele, the former governor of the Central Bank of Nigeria, who has been accused of forging the president's signature during the 2023 elections. They question whether a corrupt CBN governor would need to resort to forgery in order to gain access to funds, and challenges those who have accused Emefiele of wrongdoing to provide evidence of his alleged misconduct. The statement says, "We are proud to say that if for about nine years as CBN governor, the only misdemeanor found in our brother is forgery of the president's signature during the 2023 elections, then Emefiele must be a saint indeed. Does a corrupt CBN governor need to forge any signatures to covet millions of dollars over nine years? But no such mo...

  Yoruba nation activist, Sunday Adeyemo popularly known as Sunday Igboho has said that he is back to the country to chase out "killer herdsmen" from the south-west region. Addressing a group of people in Igboho town, Oyo state, Igboho said the people of the south-west must liberate themselves from the killer herdsmen who are terrorising them. He said; "We need to come together. We should take charge of the security of the south-west. We don't need to wait for anybody or the government. "They have taken away our land. Can we still go to the farm again? We cannot go to the farm. They killed our monarchs in Ekiti state. We don't need soldiers for protection. After we pursue them from our land, we will now start farming. We are going to work together with our elders to achieve the security of our land."

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has said that he's not responsible for the economic challenges facing the country. Cardoso said this at the first Monetary Policy Committee (MPC) meeting under his leadership on Tuesday, February 27. He also said that the CBN is taking necessary steps to get the country's fiscal and monetary health back to normal. He said; "I laugh at that question but it's not a laughing matter and I think it is very important for Nigerians to understand that the Central Bank Governor; I and my team, are not responsible for the woes that we have today; we are part of the solution. "We are determined to ensure that we work hard to get out of the mess that Nigeria is in. We assumed responsibility in a time of crisis of confidence; there was a crisis of confidence and you may all want to go to bed and wish that crisis of confidence was not there but it was, and we can't turn back the clock. "All we can do is do ...

  The governor of Enugu state, Peter Mbah, has expressed optimism that the South East will henceforth enjoy an improved electricity power supply following the launch of the Light-Up Nigeria project on Monday (today). Mbah, who spoke on the crucial role of the power sector in revitalizing the Nigerian economy, said the Light-Up Nigeria project offers a new era of power and industrialization in the southeast region. Msk-update reports that Mbah stated this during the southeast business roundtable and the inauguration of the Light-up Nigeria Project by Vice-President Kashim Shettima in Enugu earlier today. Mbah expressed his belief that once the obstacles plaguing the power sector are addressed, other sectors will naturally fall into place. He commended the federal government and the Niger Delta Power Holding Company (NDPHC) for their initiative to enhance power supply to industrial clusters in the southeast. The governor also enjoined industrialists in the region to key-in fully and ...

  The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country.  This comes over two years after former CBN governor, Godwin Emefiele, stopped the sales of foreign exchange to BDC operators.  The apex bank disclosed this in a new circular issued and signed by the Director, Trade and Exchange Department, Hassan Mahmud, on Tuesday, Feb. 27.  The circular is titled “Sale of Foreign Exchange to Bureau de Change Operators to Meet Retail Demand for Eligible Invisible Transactions”. It reads: "Following the ongoing reforms in the foreign exchange market, aimed at achieving an appropriate market-determined exchange rate for the Naira, the Central Bank of Nigeria has observed the continued price distortions at the retail end of the market, which is feeding into the parallel market and further widening the exchange rate premium. “To this end, the CBN has approved the sale of foreign ...

   The Deputy Speaker of the House of Representatives, Benjamin Kalu, says the salaries of federal lawmakers is too small compared to the enormous jobs their office entails them to do. The deputy speaker said this while speaking on Channels TV on Monday night, February 26. Dismissing calls for their salaries to be slashed, Kalu said "At the moment, talking about the salary of the National Assembly. I have said this over and again, it is not as much as people think. Salary is different from allowance, which is meant to do the jobs our constituents have sent us to do. Nobody is allowed to touch allowances. It is the salary that belongs to you. Allowances have no subheadings for which they are made for. If you use it wrongly, when you are retiring it, you will be sanctioned for that. So talking about the salaries of the National Assembly, it is a far cry from what is supposed to be. And I can assure you that even if we reduce it by 50 per cent or 80 per cent, it will not really i...

  The Federal Ministry of Works on Monday announced that both bounds of the carriageways of the Third Mainland Bridge in Lagos State will be closed to traffic from noon on Wednesday to noon on Thursday. Mrs Olukorede Kesha, the Federal Controller of Works, Lagos, stated this in a statement made available to newsmen. Kesha explained that the total closure was in continuation of the ongoing rehabilitation works on the bridge. “Consequently, the bridge would not be opened to traffic during this critical 24-hour period. “Thus, all road users are advised to use alternative routes during this period. Please note that all inconveniences are highly regretted,” the statement read. Motorists are advised to cooperate with the traffic management officials deployed to manage traffic to ensure hitch-free movements during the period. Meanwhile, the Lagos State Government had also released a notification for the planned total closure of the bridge.

  Former Deputy President of the Senate, Ike Ekweremadu, has expressed deep appreciation to Nigerians from all walks of life for their prayers, support and solidarity since his recent ordeal in the United Kingdom. Ekweremadu's successor and the Senate Minority Whip, Senator Osita Ngwu, said the former DSP sent his greetings during their conversations when he visited him in the United Kingdom recently. The lawmaker representing Enugu West Senatorial District, in a statement issued on Monday in Abuja, said Ekweremadu, who is currently serving a jail term abroad for organ harvesting, "acknowledged God's mercy and kindness in his life, accepted his current situation with faith as well as grace, and did not express any sentiment suggesting that he had been forgotten by Nigerians." Senator Ngwu, however, condemned what he described as unfounded accusations against Ekweremadu in a news report being circulated by some uninformed individuals, expressing dismay at why they woul...

  Peter Obi, the 2023 presidential candidate of the Labour Party, has decried the economic hardship prevailing across the nation. Obi was reacting to the death of an All Progressives Congress, APC, chieftain, Comfort Adebanjo, and six others, while attempting to purchase seized rice put on sale by the Nigerian Customs Service in a bid to alleviate the impact of economic hardship in the country. Speaking at the first anniversary of the 2023 presidential election in Abuja on Sunday, Obi lamented the disproportionate allocation of funds by the current government. He lamented that more money has been spent on car parks for politicians than on the operations of some major teaching hospitals. "The hunger protests have united our people across ethnicity, language, region, faith, and location. "This is another confirmation of our belief that Nigerians are united by the circumstances of their living conditions, not by artificial barriers raised by opportunistic politicians. We are now...

  President Bola Tinubu has resolved to implement theStephen Oronsaye report that called for a leaner government by merging some agencies and scrapping some others. The president's decision was announced by a presidential spokesperson, Bayo Onanuga, in a post on X. "Twelve years after the Steve Oronsaye panel submitted its report on restructuring and rationalizing Federal government parastatals and agencies and a white paper issued two years after, President Tinubu and the Federal Executive Council today decided to implement the report," Mr Onanuga wrote. "Many agencies will be scrapped and many others will be merged, to pave the way to a leaner government," he said. PREMIUM TIMES had in a recent editorial called on the Tinubu administration to implement the Oronsaye report as a way of cutting the cost of running the government.

  We'll not rest until we bring succour to Nigerians Tinubu President Bola Tinubu says his administration will continue to put measures in place to bring succour to Nigerians. At a meeting with governors and business leaders in Abuja on Sunday, February 25 Tinubu said that all options would be explored to resolve the nation's socio-economic challenges. The President made this known while speaking with Governors Charles Soludo of Anambra and Dapo Abiodun of Ogun, Aliko Dangote, Abdulsamad Rabiu, Tony Elumelu and Mr Segun Ajayi-Kadir, Director-General of the Manufacturers Association of Nigeria.. At the meeting, Tinubu said that government was ready to find lasting solutions to the current situation in the country. "Let's look at what we're doing right and what we're doing wrong to bring life back to the economy. Like I said, many times, the people of this country are only the people who we have to please. "We are very much concerned from students to mothers...

  Binance claims website 'issues' as Nigeria blocks crypto exchanges Nigerian authorities on Thursday blocked the website of Binance and similar cryptocurrency trading platforms in a move to halt the free fall of the naira in the foreign exchange market. Hours after Nigerian internet service providers started blocking access to crypto exchanges, Binance said it is "aware that some users are experiencing issues accessing binance.com, along with other platforms in the industry." The cryptocurrency platform explained that only users attempting to access the website are impacted by the restriction as they can continue to use the Binance app where "all user funds are secure and accounts can still be accessed." However, contrary to Binance's claim, the app is also down on Android and iOS devices and can only be accessed with the aid of a VPN. A user told The Guardian that there was difficulty transferring "my money to my bank account". Sources within...

  Naira strengthens by 7.43% to N1750 against dollar at the black market The Naira witnessed a notable surge on Thursday, reaching a high of N1750 per dollar in the parallel market, commonly known as the black market. This surge represents a substantial 7.43% increase, with the currency strengthening by NI 30.00 compared to the previous day's closing rate of NI,880. The surge coincides with Nigeria's intensified efforts to counter the ongoing depreciation of the Naira. In response to the currency's decline, Nigeria has ramped up measures to stabilize its value. These efforts include cracking down on informal foreign currency street traders and targeting a popular cryptocurrency trading platform. Throughout the week, the naira experienced a significant decline in value, hitting a low of NI,880 to the dollar on Thursday. This depreciation has widened the disparity between the unofficial market rate and the official rate of the naira, presenting challenges to the government...

  Legal experts urge FGN to settle legal dispute on Mambilla hydro project amicably. Legal authorities of repute have advised the Federal Government of Nigeria to resolve the ongoing dispute on Mambilla Hydro Power amicably with Sunrise Power Transmission Company of Nigeria. They urged the federal government to seek an amicable settlement of the matter and engage in negotiations with the firm to resolve the protracted litigation and potential national embarrassment. The legal authorities stated that unlike the Process & Industrial Developments (P&ID) case which was "flawed with corruption, bribery and preemptive contractual Loopholes," the Mambilla/Sunrise case is different. The legal luminaries said that with documentary evidence and correspondences from FG to Sunrise all submitted to the ICC tribunal, "it is almost impossible for the government to win against Sunrise". As a result, they called on the federal government to take the needed steps toward the g...

  The Governor of Central Bank of Nigeria, CBN, Dr. Olayemi Cardoso, has appealed to Nigerians to be patient as the apex bank is doing everything possible to ensure that the Naira is strengthened. The bank chief stated this while speaking at a public lecture at the CBN Centre of Excellence Hall, University of Ibadan on Thursday, February zz. The CBN governor, who was represented at the event by Dr. Usman Opanachi of the Department of Monetary Policy, CBN said "Anytime the Naira is on trial, the CBN is also on trial. We are working day and night to address the challenges and we hope things will work out. The exchange rate features nearly in every sector. The exchange rate and inflation are very high now. The exchange rate is a problem. Excess demand for forex in Nigeria is a legendary problem. It has just been there and over the years, the bank has implemented various strategies to address this problem. Those strategies have only been able to provide some temporary relief. The Cent...

  A Delta State High Court sitting in Effurun has refused the application by singer, David Adeleke aka Davido, seeking a stay of proceedings in the N2 billion suit filed against him by Brownhill Investment Company Limited owned by former NFF president, Amaju Pinnick, over the annual ‘Warri Again Concert’ Amaju's company filed the lawsuit against Davido after he failed to perform at a concert in Warri which he was fully paid for. The company is asking the court to award N2 billion as general damages against Davido.The company is also asking the court for N150 million as legal and professional fees and an additional N30 million as the cost of filing the suit. Defendants in the suit are David Adeleke a.k.a “Davido,” and his music label, Davido Music Worldwide Limited. Vanguard reports that at the hearing in the matter recently, Davido’s counsel, Norrison Quakers, SAN, informed the court that there was a pending appeal and that the defendants had filed a motion for a stay of proceeding...

  SaharaReporters gathered that the only house the septuagenarian was able to build in his community, Nchatancha Nike in Enugu East local government area of the state with combined savings of his wife, was among several houses the Governor Mbah administration marked for demolition to give way to build a private Estate tagged "New Enugu City". The administration of Governor Peter Mbah of Enugu State has served an eviction notice to a visually impaired septuagenarian, who retired from State Civil Service 11 years ago without gratuity payment. SaharaReporters gathered that the only house the septuagenarian was able to build in his community, Nchatancha Nike in Enugu East local government area of the state with combined savings of his wife, was among several houses the Governor Mbah administration marked for demolition to give way to build a private Estate tagged "New Enugu City". Lamenting in a video seen by SaharaReporters on Thursday, the visually impaired septuagena...

  The adoptive parents of Ms Broadbent, who is said to have inspired basketball star Magic Johnson to become an activist, were told she would not live past the age of five - but she went on to advocate for HIV awareness and education for decades. Prominent HIV/AIDS activist Hydeia Broadbent has died at the age of 39 after living with the disease since childhood. Ms Broadbent, who gained media attention for being a part of America's "first generation of children born HIV positive" in the late 1980s, died on Tuesday, her father said. She was diagnosed with HIV at the age of three, though she was presumed to have been born with the illness. "With great sadness, I must inform you all that our beloved friend, mentor and daughter Hydeia, passed away today after living with AIDS since birth," her father Loren Broadbent wrote on Facebook. "Despite facing numerous challenges throughout her life, Hydeia remained determined to spread hope and positivity through educat...

  Amid the escalating cost of living, the Minister of the Federal Capital Territory, FCT, Nyesom Wike, has urged Nigerians to pray for President Bola Tinubu because it is not easy. Wike assured Nigerians that the current economic hardship was only a temporary challenge that would soon be over because Tinubu's government was working to alleviate the challenges. Speaking in Abuja during the flag-off of the Kwa Kwa, Karimo road, Wike urged Nigerians to be patient with Tinubu and his administration. According to the minister, the president means well for Nigerians. Wike said: “Mr President has asked us to tell you that we are not doing you a favour with what we are doing; you are entitled to it. It’s our responsibility to do it, we are not doing anything extraordinary. “Remember Mr President was campaigning on the mandate of renewed hope, and that is why I thank all the council chairmen who have agreed to work together despite belonging to different political parties. If we don’t work ...

  The Federal Government has banned the exportation of Liquefied Petroleum Gas, popularly called cooking gas, in a bid to increase its volume domestically to warrant a crash in price. It stated on Thursday that LPG producers in Nigeria and key stakeholders in the industry had been told to stop exporting the commodity out of Nigeria, following the recent jump in the cost of cooking gas. Findings showed that the cost of refilling a 12.5kg cylinder of cooking gas in Abuja, Lagos, Kano and some other states had climbed to about N18,000. It was specifically N17,500 in Abuja on Thursday, a product that sold for less than N9,000 in November last year. LPG dealers under the aegis of the Nigerian Association of Liquefied Petroleum Gas Marketers had predicted mid-last year that a 12.5kg cylinder would cost N18,000 going by the incessant hikes in its cost. To tackle this, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, constituted a committee in November 2023, headed by t...

  The Senate has passed a resolution urging the federal government to maintain the electricity subsidy in light of the prevailing hardship in the country. The decision was made after the upper chambers considered and approved a motion during plenary, sponsored by Senator Aminu Iya Abbas (PDP), representing the Adamawa Central zone. The motion emphasizes the need to preserve the electricity subsidy for the foreseeable future, considering the current challenges Nigerians face. The federal government had recently stated that sustaining the electricity subsidy had become challenging. Minister of Power Adebayo Adelabu revealed the government’s difficulty in maintaining the subsidy and emphasized the necessity of transitioning towards a cost-effective tariff model. He also disclosed significant debts owed by the country to electricity-generating companies and gas companies. The debate over subsidy removal remains a critical issue in Nigeria, with various stakeholders expressing their opi...

Binance disclosed this in an announcement on its "commitment to P2P users in Nigeria on Tuesday warning that "users behaving in a manipulative way will be removed from the platform." "As industry leaders" Binance said, "We are working hand in hand with local authorities, lawmakers, and regulators to ensure we act on non-compliance." The crypto exchange platform further said it is "setting an upper limit for ads, filtering and removing bad ads, requiring and raising deposits for merchants posting ads as well as processes for actioning against any market manipulators On Tuesday, Binance disabled sell option for its Nigerian users, blocking them from selling frat currency, USDT, On the platform. It also capped the buy option to $1202 for Nigerian users. It also disabled purchase of cryptocurrencies via Pap for its Nigerian users, leaving those who might want to sell their crypto assets such as Bitcoin, BNB, Ethereum via PaP stuck This comes as anoth...

  Solomon Dalung, Minister of Youths and Sports Development in the first term of President Bola Tinubu, has told President Bola Tinubu to perform what he described as his “Lagos miracles”. Tinubu was the governor of Lagos State from 1999 to 2007. During his campaign for the highest office in the land, Tinubu emphasised that he built Lagos to a model for good governance, infrastructure renewal and innovation and asked that he should be given the chance to replicate such in Nigeria. However, policies introduced by the president have not addressed the needs of Nigerians, but plunged the country into further hardship in some instances. This, some of Tinubu’s allies have blamed on the past. Recently, Senator Gbenga Daniel, a chieftain of the ruling All Progressives Congress (APC), said Tinubu inherited a dead economy. But in a series of posts via X, the former minister described attempts by the President Tinubu-led administration to consistently blame Buhari for Nigeria’s economic chal...

  A former member of house of representatives, Usman Bugaje, has decried the inability of the President Bola Tinubu administration to proffer solutions to lingering problems facing the country. Speaking on Channels Television, the former lawmaker said the present administration lacks solution to the economic hardship. ”Today, it is everybody’s knowledge that Bola Tinubu has no solutions to the problems of this country. His government has failed to address the most essential issues. “We had expected that when the new government took over, we were expecting that he would surround himself with experts. Tinubu inherited failed economy – Gbenga Daniel CBN Governor Must Be More Political – Tinubu’s Aide “We were expecting that for him to have announced the removal of the fuel subsidy, he must have had a plan something that would address the consequences of that. “You don’t make a policy without looking at the consequences and preparing to cushion the effect ...

  The Academic Staff Union of Universities (ASUU), Nsukka zone, on Tuesday rejected the emergence of a new Integrated Personnel and Payroll Information System (IPPIS). Our correspondent reports that ASUU over the past four years had a running battle with the Federal Government over IPPIS, a payment platform which the union argued negates university autonomy. Zonal Coordinator of ASUU, Raphael Amokaha, while briefing journalists in Makurdi on a text entitled, “Let The Lecturers Breath”, said it was disturbing that soon after the present federal government of President Bola Ahmed Tinubu directed the immediate removal of universities from the IPPIS, an introduction of a new one has surfaced. Amokaha said the news by the president through the Federal Executive Council (FEC) had directed the immediate removal of universities from IPPIS and was received with delight by the union. “Regrettably, this directive is yet to be complied with. More disturbing though is the emergence of a ‘new IP...

  At least nine persons died on Tuesday while seven others sustained injuries in an accident along Lagos-Abeokuta expressway. Our correspondent gathered that the accident occurred around 8:am, involving a truck and a Mazda bus at Kere bridge along the highway. The Spokesperson, Federal Road Safety Corps (FRSC) in Ogun, Florence Okpe, confirmed the incident to newsmen in Abeokuta on Tuesday. Okpe said it was caused by speeding and route violation which led to a head-on collision between the truck without registration number and the bus marked SMK 808 YD. She said 17 persons were involved comprising seven men, nine women and one female child. “A total of seven persons were injured which comprised five women, one man and one female child. “Unfortunately nine persons were recorded dead from the crash which comprised five men and four women,” she said. Okpe stated that the injured victims were taken to the General Hospital, Ijaiye while the corpses were deposited at the same hospital in...

  Tunde Rahman, a Senior Special Assistant to President Bola Tinubu, has urged the Governor of the Central Bank of Nigeria, Dr Yemi Cardoso, to be more political in his decisions of strengthening the economy. The presidential aide said Cardoso must be political without being partisan, and being attentive to the political ramifications of his decisions. Rahman made this known in an opinionated article shared on the Presidency’s X account amid public outrage over hardship from Tinubu’s economic policies. “The CBN governor must always pay attention to the political ramifications of his decisions. He must be political without being partisan,” Rahman said. He argued that the CBN governor has the pedigree and reputation to lead the country’s economy, but added that he should do more with his strict personality. “His pedigree is rich as his character is unsullied. Cardoso had a remarkable private sector career where he shone brilliantly in banking, stockbroking and consulting. “However, i...

  Many residents are reportedly stranded following about six-hour rainfall that submerged many houses in the Alimosho Local Government Area of Lagos. The rain which started around 6am on Tuesday most parts of the metropolis, took over streets and bridges. The flood also impeded vehicular movement. The most affected communites include Abule-Egba, Command, Agege and Egbeda areas of Lagos. Emergency responders from both the state and federal government agencies were on the ground to rescue the trapped victims. Ibrahim Farinloye, Territorial Coordinator of the National Emergency Management Agency (NEMA) in the South West, confirmed the situation. He advised residents of Command Area to take alternative routes, when going out, by avoiding Command and the near areas as flood has overrun the bridge in the neighbourhood. “NEMA, fire service and police are working to get trapped people out of the area,” he added. See photos from the flooded areas below:

  Actor Alexx Ekubo says he is currently focused on making money and not interested in getting married. He said was sick of people asking him when he intends to tie the knot. The movie star reportedly called off his engagement to Fancy Acholonu, his ex-fiancée. Since then, his admirers and supporters have been curious to know if he has found a new love. But in a recent update, Ekubo said he had no intention of getting married. “You go just dey your own dey find money, another person go dey one corner dey reason why you never marry,” he said.

  Superstar singer and Grammy Award winner, Damini Ebunoluwa Ogulu better known as Burna boy, has revealed reasons for staying single in a viral video. The self-acclaimed African Giant stated in the old video that Nigerians unearthed that he has not found the proper spouse and is still single. He stated that “He is trusting God to bring him a wife who makes sense.” He added that he hated it when women tried to use lies and false agenda just to be with him. The Grammy winner said, “If God say make I marry, I will marry. Na God dey do all, me I just dey follow. I don’t hate nobody, I just don’t like it when they used lies and agendas.

  Nigerian singer and songwriter, Joseph Akinwale, known professionally as Joeboy, has narrated how he worked briefly at a sachet water factory while in the university. This, he said, happened during a three-month strike embarked upon by the Academic Staff Union of Universities (ASUU). According to him, the experience he had at the factory boosted his determination to become a successful musician. Joeboy spoke in the latest episode of the Afrobeats Intelligence Podcast. He said: “I studied Human Resources and Personnel Management. When I was in university, there was a strike for like three months. So I decided to get a job and I was searching for a job for like three months in the whole of Lagos. I did not get one single job,” he said. “There was even a time I worked in a pure water factory as a marketer. At that point I was like, ‘I am looking so hard for a job and I cannot find any. Is this how I am going to end up when I finish school?’ So that was also a trigger. I told myself,...