Nyesom Wike, the Minister of the Federal Capital Territory, recently spared no expense as he used taxpayers’ money to charter a luxury private jet to Italy. In August 2023, President Bola Tinubu appointed Wike, former governor of Rivers state, as the FCT minister. Wike is the second southerner to lead the FCT, following Ajose Adeogun,…
Economic reforms: Peter Obi “praises” President Tinubu for ‘doing better’ than Buhari The presidential candidate for Labour party in the 2023 general elections, Peter Obi, has taken a swipe at President Bola Tinubu, sarcastically praising him for fulfilling his promise to continue where former President Muhammadu Buhari left off. Speaking during a visit to Governor…
Photo: Spencer Platt (Getty Images) U.S. stocks plummeted on Friday on poor economic news. Consumer confidence weakened to the lowest level since November 2023, even as long-run inflation expectations rose to the highest since 1995. The services purchasing managers’ index fell into contractionary territory and January home sales contracted bymore than expected. The Dow Jones…
Governors from the six states in Nigeria’s South-West region convened in Lagos for a high-level meeting focused on regional development, with food security and economic collaboration taking center stage. The meeting, being held at Lagos House, Ikeja, was hosted by Lagos State Governor and Chairman of the South-West Governors Forum, Babajide Sanwo-Olu. In attendance were…
Scott Bessent’s hearing is one of several screenings by US Senators this week of Donald Trump’s cabinet nominations. One of the highest profile hearings was Pete Hegseth, Trump’s pick for the Pentagon, who was in the hot seat for a tense Senate committee hearing on Tuesday. Sexual assault and alcohol abuse allegations against the former…
Former Vice President Atiku Abubakar has criticised the 2025 budget proposal of the federal government, saying its capacity to foster economic growth is questionable. Atiku stated this in a statement on Sunday. President Bola Tinubu presented a budget of N49.7 trillion to the National Assembly on Wednesday. Atiku, the PDP presidential candidate in the 2023…
Spotify has officially fired back at claims made by Drake in a legal filing last month that Kendrick Lamar’s Not Like Us was “artificially inflated”. Last month, Drake, via his company Frozen Moments LLC, accused Universal Music Group and Spotify of artificially inflating streaming numbers for Kendrick Lamar’s mega-hit Not Like Us – a diss track about Drake. Drake’s allegations…
The Southwest chapter of the Peoples Democratic Party has extended its condolences to the government and people of Oyo State over the tragic stampede at a children’s Christmas funfair in Ibadan, which resulted in the loss of several young lives and left many others injured. The stampede occurred on Wednesday at an event offering free…
Veteran Nollywood actor Kanayo O. Kanayo has expressed support for Afrobeats star Davido following the uproar caused by the singer’s recent remarks on Nigeria’s struggling economy. During a controversial interview, Davido cautioned African Americans against relocating to Africa, highlighting Nigeria’s challenging economic situation. The comments sparked widespread debate and criticism, with calls for…
Calabar, Nigeria – Most parts of the capital of Cross River State, Calabar, have been without electricity for about three weeks now since the heavy downpour that destroyed some properties in the city. The power outage has led to the downturn of economic activities in the first capital of Nigeria. Notable areas affected by this…
