Author: Ayo

The Central Bank of Nigeria (CBN) has announced its 296th Monetary Policy Meeting (MPC), scheduled for next Monday and Tuesday, to address the nation’s escalating inflation and economic hardship. This meeting marks the fourth under the leadership of CBN Governor Olayemi Cardoso, appointed in September 2023. The CBN faces mounting pressure to address the rising inflation, which has led to a significant increase in the country’s interest rate from 18.75% in May 2023 to 26.25% in May 2024. Despite calls from financial stakeholders to pause interest rate hikes, the CBN maintains its tightening measures to control inflation. Muda Yusuf, director-general…

In a dramatic turn of events, Nigerian police operatives have apprehended Linus Williams, aka BLord, a prominent cryptocurrency billionaire, in Abuja on Tuesday. According to Force spokesperson, Muyiwa Adejobi, BLord’s arrest follows complaints lodged against his companies, including Blord Group, Blord Real Estate Ltd, Blord Jetpaye Limited, and Billpoint Technology. Adejobi revealed that the allegations against BLord include cryptocurrency fraud, aiding internet fraud, computer-related fraud, terrorism funding, and non-compliance with regulatory frameworks. He assured that the police will conduct a thorough investigation to ensure the country’s cyberspace is safe and secure. “The FCID (NPF-NCCC) is currently investigating the complaints, and…

In a glamorous ceremony held at the Santiago Bernabeu Stadium on Tuesday, Real Madrid officially welcomed Kylian Mbappe to their squad. The French sensation, who completed his medical examination earlier in the day, penned a five-year contract with the La Liga giants. Club president Florentino Perez presented Mbappe with the iconic No. 9 jersey, solidifying his position as the team’s new attacking ace. “For years I’ve dreamed of playing for Real Madrid, and today my dream has come true,” Mbappe beamed with pride. “I’m a happy boy. I’m going to give my life for this club,” he vowed, expressing his…

In a surprise move, former President Donald Trump announced on Monday evening that he has selected Ohio Senator JD Vance as his running mate for the 2024 US presidential election. Trump made the announcement on his social media platform, Truth Social. Vance, 39, is a young and controversial politician who has been a vocal supporter of Trump. Despite his youth, Vance has built a reputation as a staunch conservative and a skilled speaker. His selection as Trump’s running mate is seen as a strategic move to appeal to young voters and to capitalize on Vance’s celebrity status among conservatives. *A…

A devastating car bombing at a packed cafe in Somalia’s capital has claimed nine lives, according to security sources. The blast occurred late Sunday at Top Coffee restaurant, where football fans had gathered to watch the Euro 2024 final. Witnesses described chaotic scenes as people scrambled for safety, with the main entrance destroyed and a massive fireball engulfing the building. Mohamed Yusuf, a national security agency official, confirmed nine civilians died and 20 were injured in the explosion. The cafe, located near the presidential palace, was filled with young men watching the Spain-England final. “Most of them made their way…

The United Arab Emirates (UAE) has lifted its visa restrictions on Nigeria, effective immediately. This development was announced by the Minister of Information and National Orientation, Mohammed Idris, after the Federal Executive Council meeting presided over by President Bola Tinubu on Monday. According to Idris, the Federal Government and UAE authorities have reached an agreement to vacate travel restrictions on Nigerian passport holders. “I can tell you that the agreement has been reached, and effective from today, Nigerian passport holders intending to travel to the UAE are able to do so,” he said. The minister revealed that details of…

England’s dreams of Euro 2024 glory were shattered as Spain emerged victorious in a thrilling final at the Olympiastadion, winning 2-1. Despite a valiant effort, England couldn’t overcome the talented Spanish side, who claimed their fourth European title. Nico Williams’ strike early in the second half gave Spain the lead, which was later doubled by Mikel Oyarzabal’s decisive goal. England’s hopes were briefly raised when substitute Cole Palmer scored a lifeline, but it was not enough to deny Spain their triumph. The win cements Spain’s status as the national team with the most European titles, a testament to their dominance…

Delta State Governor, Sheriff Oborevwori, is set to swear in the newly elected Chairmen of the 25 local government councils in the state on Monday, July 15, 2024. The swearing-in ceremony, scheduled to hold at the Event Centre in Asaba at 10 am, follows the successful conduct of Local Government elections by the Delta State Independent Electoral Commission on Saturday. According to a statement by the Permanent Secretary, Protocol, Government House, Mr A.N. Tetsola, the Governor will preside over the ceremony, which is expected to mark the official inauguration of the newly elected Chairmen and Vice Chairmen of the 25…

In a gruesome discovery, Kenyan authorities have found eight female bodies dumped in a slum in the capital city of Nairobi. The bodies were discovered in various states of decomposition and had been dismembered, according to acting Police Chief Douglas Kanja. Speaking at a press conference on Sunday, Kanja revealed that six of the bodies were found on Friday, while the remains of the other two women were discovered on Saturday. “They were severely dismembered in different states of decomposition and left in sacks,” Kanja said. The police chief assured the public that thorough and swift investigations are underway to…

Dangote Petroleum Refinery is set to import a cargo of Brazilian crude, according to Bloomberg, as the Nigerian firm seeks to supplement its feedstock amid low domestic crude oil output. The one million barrel shipment of Tupi crude from Brazil, scheduled for delivery next month, adds to the refinery’s previous purchases of American crude. The imports highlight the challenges faced by local refiners in accessing Nigerian crude, despite efforts by the government to boost production. Industry players attribute the shortage to earlier contracts between International Oil Companies and the Nigerian National Petroleum Company Limited, which prioritize exports over domestic supply.…