Author: Seyi Godwin

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…

A daring kidnapping operation was carried out in Nkpologwu, Aguata Local Government Area of Anambra State, on Sunday morning, resulting in the abduction of three persons, including a lawyer. Eyewitnesses reported that the gunmen stormed the community between 7:30 am and 8:00 am, leaving a trail of chaos and destruction. A video trending on social media shows a somersaulted vehicle along the Nkpologwu-Akpo Road, believed to belong to one of the victims. Prof. Ferdinand Ezeiruaku, President General of Nkpologwu Community, confirmed the incident, stating that the three men were kidnapped at different locations in the community by heavily-armed men. The…

Manchester United’s preparations for their Premier League opener against Fulham have been dealt a significant blow with the injury to defender Harry Maguire. The England international suffered a “little knock” during the Community Shield defeat to Manchester City on Saturday, according to manager Erik ten Hag. Maguire was substituted after 59 minutes of the match, which ended 1-1 and was decided by penalties in favor of Manchester City. Ten Hag expressed hope that Maguire would recover in time for the season’s first game, saying, “[There is] a little knock with Harry [Maguire]. We hope he can keep fit and available…

US rapper Travis Scott has been released from custody in Paris after 36 hours of detention, according to his representative and the Paris prosecutor’s office. Scott was arrested on Friday for alleged violence against a security guard at the Georges V hotel, but was released due to insufficient evidence. The 33-year-old Grammy-nominated artist was seen attending the Olympics men’s basketball semi-finals on Thursday evening before the altercation occurred. His representative stated that management was in direct communication with Parisian authorities to resolve the issue swiftly. Scott has had previous legal encounters in the US, including an arrest in Miami Beach…