Author: tolu

Guarantee Trust Bank (GTB) has dismissed reports that its website was seized by hackers, describing the claim as “entirely false”. A top GTB executive, who spoke exclusively to DAILY POST, attributed the website issues to a connectivity problem, emphasizing that it had no connection to hacking. Contrary to reports of a massive phishing operation and customer data interception, the GTB executive assured that the bank’s security measures remain intact. “It’s false. What we are experiencing is a connectivity issue and has nothing to do with the alleged hacking,” the executive clarified. The bank’s swift response to the false report underscores…

Aisha Yesufu, a prominent social critic, has declared her refusal to recite the new national anthem, describing it as “Tinubu’s anthem”. She made this statement in response to a proposed bill that seeks to punish individuals who refuse to recite the national anthem with 10 years imprisonment or a N5 million fine. Yesufu took to social media to express her defiance, stating, “Will choose 20 years in prison rather than sing Tinubu’s anthem passed by slaves masquerading as lawmakers in the National Assembly.” Her post sparked a wave of reactions, with many Nigerians weighing in on the controversial bill. The…

The naira suffered a setback on Tuesday, depreciating to N1,582.09 per dollar at the official foreign exchange market, marking its first decline in two weeks. According to FMDQ data, the naira lost N11.1, slipping from N1,570.99 on Monday. In a surprise move, the naira strengthened by N2 on the black market, closing at N1,598 per dollar on Tuesday. This marks the first appreciation since August 2, 2024, when it exchanged at N1,617.08 per dollar. The depreciation on the forex market is the first bearish trend recorded since the Central Bank of Nigeria introduced the Dutch Auction System last Tuesday. This…

Jose Mourinho’s quest to lead Fenerbahce to Champions League glory has suffered a major setback. The Turkish giants crashed out of the competition following a heartbreaking 3-2 aggregate defeat to Lille on Tuesday. Despite a late own goal from Bafode Diakite that sent the game to extra time, Fenerbahce’s fate was sealed when Jonathan David converted a penalty in extra time. The Turkish club had trailed 2-1 from the first leg and were on the brink of elimination until Diakite’s late intervention. Mourinho’s tenure at Fenerbahce has got off to a disappointing start, with the club’s Champions League ambitions ended…

This week, the United States and Nigeria will unveil their inflation rates for July 2024, sparking keen interest in the economic trends of both nations. The US inflation rate has been on a downward trajectory, declining to 3% in June 2024 from 3.3% in May 2024, with a surprise 0.1% drop in the Consumer Price Index (CPI) – the first decline since May 2020. In stark contrast, Nigeria’s inflation rate has continued to soar since December 2022, reaching a staggering 34.19% in June 2024, according to the National Bureau of Statistics. Food inflation has also refused to ease, hitting 40.87%…

Dr Ayodele Olorunfemi, the Labour Party’s candidate for the upcoming Ondo Governorship election, has pledged to tackle corruption head-on if elected. In an exclusive interview with the News Agency of Nigeria in Lagos, Olorunfemi declared war on corruption, stating, “No corrupt person will escape our system.” Olorunfemi emphasized that corruption and bribery have denied the masses the benefits of democracy, leading to widespread poverty and anger towards public officeholders. He stressed that winning the fight against corruption is crucial to implementing the party’s comprehensive transformation plan and bringing happiness to the state’s residents. The LP candidate promised to adopt a…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) is optimistic that the Dangote Petroleum Refinery will sell petrol at a lower price of N600 or N650 per liter when it begins production. This expectation is based on the refinery’s impact on diesel prices, which dropped from N1,600 to N1,000 per liter after the refinery started producing. IPMAN National Vice President, Hammed Fashola, acknowledged that the ongoing crude supply crisis could affect the refinery’s ability to produce at a lower cost. “Even if Dangote is buying crude in naira, if it is at the international market price, it will make no…

A war of words has erupted between Nigerian musicians Portable and Davido, with Portable accusing Davido of reneging on a promise to feature on his new song. The controversy began in June 2024, when Portable and Davido had a falling out in Atlanta, United States. Portable had accused Davido of giving him bad advice during a dinner meeting, leading to Davido unfollowing him on Instagram. In a recent Instagram post, Portable shared his latest release and claimed that the song was meant to feature a verse from Davido. He expressed his disappointment and frustration, writing: “Na who helps you be…

Chelsea Football Club has announced the signing of Pedro Neto from Premier League rivals Wolves. The 24-year-old Portuguese winger has penned a seven-year deal with the Blues, joining Enzo Maresca’s squad. Neto expressed his delight at joining the west London club, stating, “I feel really grateful to have joined this club. I have worked really hard in my career to be here and I’m looking forward to getting on the pitch with this shirt.” The talented forward is expected to begin training with his new teammates at Cobham in the coming days, as Chelsea looks to strengthen its squad for…

In a shocking turn of events, NdiNne, the dynamic duo composed of Chinne and Nne, have been evicted from the show. This marks the second pair to be eliminated, following Tami’s departure last week. The bottom four contestants, consisting of NdiNne, Radicals, Zinwe, and Flourish, faced an uncertain fate. However, the custodians, Streeze, made the ultimate decision by choosing the “evict only” box, sealing NdiNne’s fate. Notably, all evictees this season have been female contestants, raising questions about the dynamics at play. NdiNne’s eviction leaves fans wondering what’s next for the remaining contestants. The show’s twists and turns continue to…