Author: Seyi Godwin

The United States Military Veterans of Igbo Descent has called for the release of Mazi Nnamdi Kanu and a return to Nigeria’s 1960/63 regional autonomy as the only way to mitigate the country’s socio-economic and security problems. In a letter dated September 16, 2024, the group stated that restructuring along the lines of the 1960-1963 constitution is the solution to Nigeria’s problems, citing the late Prof. Ben Nwabueze’s advice to Kanu in 2017. The group recalled Kanu’s demands made in 2017, including upgrading Enugu airport, dredging River Niger, and reviving moribund industries in the South-East and South-South to provide job…

The All Progressives Congress (APC) in Rivers State has warned the National Working Committee (NWC) against disobeying a court order that reinstated the Chief Emeka Beke-led executive in the state. A Rivers State High Court had sacked the Caretaker Committee led by Chief Tony Okocha, recognizing the Beke-led executive as the authentic leadership in the state. However, Okocha rejected the ruling, vowing to appeal. The state APC Publicity Secretary, Darlington Nwauju, slammed the NWC for recognizing the Okocha-led committee, calling it a “national embarrassment” that causes disunity within the party. Nwauju urged the NWC to seek a neutral interpretation of…

The Naira recorded a significant gain against the dollar at the foreign exchange market on Thursday, appreciating by N21.56 to N1,564.48 per dollar. This surge follows the first decline in Nigeria’s inflation rate since 2022, which fell to 33.40% in July from 34.19% in June. The decline in inflation marks a significant milestone for Africa’s most populous country, which has been grappling with rising prices since December 2022 when the inflation rate stood at 21.34%. Despite the gain at the official market, the Naira remained flat at N1,600 per dollar on the parallel market, unchanged from Wednesday’s rate. The appreciation…

Nigeria’s inflation rate has finally begun to slow down, dropping to 33.40% in July 2024 from 34.19% in June, according to the National Bureau of Statistics’ latest Consumer Price Index and Inflation report. This decline aligns with financial analysts’ projections, who expected inflation to cool off from July to August. As stated by the CEO of Financial Derivatives, “The picture is that the rate of increase in price level has begun to slow. Hence, we are projecting that inflation will begin to decline from July to August.” The Central Bank of Nigeria (CBN) has been working to tame inflation through…

The Presidency has revealed that a Chinese company, Zhongshan Fucheng Industrial Investment Co. Limited, has been making fraudulent attempts to take over Nigeria’s offshore assets, including presidential jets. A French court’s order to seize three Nigerian presidential jets has been described as illegal, as the assets are protected by diplomatic immunity. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, stated that the Federal Government is not under any contractual obligation with the Chinese company and is working with the Ogun State Government to resolve the matter amicably. The dispute dates back to a 2007 contract between…

The Oyo State Government has announced August 20 as a work-free day to commemorate the 2024 Isese Day. This declaration was made in a circular issued by the Secretary to the State Government, Prof Olanike Adeyemo, and announced by the Special Adviser on Media to the governor, Dr Sulaimon Olanrewaju. Last year, Governor Seyi Makinde declared August 20 as an annual work-free day to mark Isese Day, a significant event for traditional worshippers in the state. The government has urged all traditional worshippers and citizens to utilize the day to offer prayers for the peace, unity, and stability of Oyo…

The UK’s annual inflation rate has exceeded the Bank of England’s target, according to the latest data from the Office for National Statistics (ONS). The Consumer Prices Index (CPI) rose to 2.2% in July, surpassing the 2% target and June’s 2.0% increase. The ONS attributed the surge to gas and electricity prices, which fell by less than they did last year. This significant factor contributed to the overall increase in prices, pushing inflation above the desired threshold. Despite exceeding the target, the Bank of England anticipates inflation to rise further this year before experiencing a decline. This prediction suggests that…

The fuel scarcity gripping Nigeria shows no signs of abating, with many filling stations in Lagos, Abuja, Ogun, and other states remaining shut due to their inability to access Premium Motor Spirit (PMS). The situation has worsened, affecting both major and independent marketers. At the few stations where fuel is available, marketers are dispensing a litre at exorbitant prices between N700 and N1,000. This has sparked outrage on social media, with Nigerians calling on the Nigerian National Petroleum Company Limited (NNPC) to explain the persistent fuel scarcity. Operators have revealed that depots in Apapa are not receiving enough supply from…

President Bola Tinubu is set to embark on a three-day official visit to Malabo, Equatorial Guinea, on Wednesday, at the invitation of President Teodoro Obiang Nguema Mbasogo. This was confirmed by Special Adviser to the President on Media & Publicity, Chief Ajuri Ngelale, in a statement released on Tuesday. During his visit, President Tinubu will hold talks with his counterpart at the Presidential Villa in Malabo, focusing on crucial bilateral issues such as oil and gas, security, and cooperation. The discussions aim to strengthen ties between Nigeria and Equatorial Guinea. Several agreements are expected to be signed during the visit,…

A terrifying incident unfolded in London’s Leicester Square when a man stabbed an 11-year-old girl and her 34-year-old mother, leaving them hospitalized. However, thanks to the bravery of a heroic bystander, Abdullah, the attacker was apprehended, and the situation was brought under control. Abdullah, who works at the TWG Tea shop, recounted the events: “I heard a scream and saw a person in his early to mid-30s stabbing a kid. I jumped on him, held the hand with the knife, and put him down on the floor.” He was joined by others, and together they held the attacker until the…