Month: May 2023

BREAKING: Tinubu Resumes At Aso Rock, Meets With Emefiele, Kyari

ADEOLA YUSUF

President Bola Tinubu on Tuesday met with the governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele and the Group Chief Executive Officer, of the Nigeria National Petroleum Company Limited, NNPCL, Mr. Mele Kyari at the Presidential Villa, Abuja. This was the first official assignment by the President after his inauguration as the 16th President of the country at Eagle Square, Abuja He arrived at the forecourt of the State House at about 2:30 pm through the quarter guard gate, which is his official entrance gate and was…

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‘Joke Taken Too Far,’ TUC Rejects Tinubu’s Fuel Subsidy Removal

ADEOLA YUSUF

The Trade Union Congress of Nigeria, TUC, has rejected the removal of fuel subsidy as announced by President Bola Tinubu during his swearing-in ceremony on Monday. TUC in a statement by its President and Secretary General, Festus Osifo and Nuhu Toro, respectively, warned that it is a joke taken too far. The body while assessing the President’s inaugural speech, said “TUC is delighted by the peaceful transition from the Muhammad Buhari government to the Bola Tinubu administration and across the 28 states of the federation. We congratulate Nigerians and the…

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Ex-Finance Minister Insists Nigeria Can Service N46tn Debt

ADEOLA YUSUF

The former Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said the public debts remain sustainable as the country has adequate capacity to repay its debts. While speaking at her valedictory ceremony in Abuja, Ahmed said, “Despite revenue challenges, government consistently met its debt service commitments, while post-financing assessments showed adequate capacity to repay loans.” However, speaking at the launch of the World Bank’s Nigeria Development Update titled, ‘The urgency for business unusual’, the finance minister admitted that Nigeria struggled to service its debt. READ ALSO: DSS…

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DSS Storms EFCC’s Lagos Office, Claims Ownership Of Building

ADEOLA YUSUF

Officials of the Department of State Services (DSS) have stormed the Lagos State office of the Economic and Financial Crimes Commission (EFCC), claiming ownership of the building located at No 15A Awolowo Road in Lagos. Sources, who did not want their name in print told Channels Television that the DSS officials arrived in Lagos on Monday and parked on the road leading to the EFCC office. EFCC staff was said to have gone about their work peacefully thinking that the DSS operatives were there to maintain peace for the inauguration which was…

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BREAKING! Nigerian Billionaire, Ramon Adedoyin, Sentenced to Death

ADEOLA YUSUF

    “He is found guilty of the gruesome murder of Adegoke, a post graduate student of Obafemi Awolowo University, ” Court rules     Osun State High Court has found Ramon Adedoyin, the founder of Oduduwa University, guilty of the murder case of Timothy Adegoke. The court, under the ruling of Judge Adepele Ojo, sentenced Adedoyin, who is also the owner of the Hilton hotel, to death by hanging on Tuesday. He was, according to the court, guilty of the gruesome murder of Adegoke, a postgraduate student of Obafemi…

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I’m Not Aware Of Any Presidential Handover, I Was Enjoying My Sleep – Adebanjo

ADEOLA YUSUF

Elder statesman and leader of the Yoruba socio-cultural group, Afenifere, Ayo Adebanjo, has refused to recognise the handing over of presidential power and inauguration of the Bola Ahmed Tinubu administration. Pa Adebanjo in a chat with AF24NEWS on Monday, faulted former president Mohammed Buhari’s handing over to Tinubu, whose purported election victory is being contested at the courts. He said, “What handover are talking about? What are you handing over? I was enjoying my sleep. What are we going to receive from Buhari? What is he going to say that…

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Petrol Hits N350 Per Litre As Queues Resurface

ADEOLA YUSUF

Unfair to Nigerians, the best to happen to country, reactions greet Tinubu’s removal of subsidy   The prices of premium motor spirit popularity known as petrol hit N350 per litre in Lagos and Abuja as queues resurfaced in filling stations on Monday. Platforms Africa reports that these were buoyed by operators’ response to the immediate removal of subsidy on petrol by new president of the Africa’s biggest exporter of crude oil. On his inaugural speech yesterday, the new president, Bola Tinubu, had stated that “petroleum subsidy is gone”. READ ALSO:…

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200% Profit Growth: 11Plc And Its Shareholders’ Side of Story

ADEOLA YUSUF

The surge of profit after tax to N18 billion in 2022 as against N6.08 billion in 2021 headlined the 45th AGM of 11Plc. Platforms Africa sought and brought shareholders’ side of the story.   11 PLC had its 45th Annual General Meeting, where the company announced 200 per cent growth in profit after tax to N18 billion in 2022 as against N6.08 billion in 2021. The results posted by the foremost Nigeria downstream company showed that it has been growing in leaps and bounds over the years. The event offers…

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US To Support Tinubu On Nigeria’s Economic Growth, Security, Says Biden

ADEOLA YUSUF

President Joe Biden of the United States, has pledged to support President Bola Tinubu on economic growth and advanced security, among other critical aspects of his government. Biden made the declaration in a statement, while felicitating with Tinubu on Monday. He reiterated his administration’s readiness to work with Tinubu “to strengthen ties between the United States and Nigeria.” READ ALSO: Osimhen Celebrates MFR Award, 100th Napoli Appearance BREAKING: AIT Founder Raymond Dokpesi is Dead It’s payback Time For Me To Be Senate President – Izunaso Biden said, “On behalf of…

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Osimhen Celebrates MFR Award, 100th Napoli Appearance

ADEOLA YUSUF

Osimhen marked Napoli’s milestone with a brace in the 14th and 54th minutes as the Partenopei held Bologna to a draw   Super Eagles striker, Victor Osimhen has taken to social media to celebrate after he was awarded the prestigious national honour, Member of the Order of the Federal Republic (MFR). Osimhen also marked his 100th appearance for Serie A champions, Napoli, which came in the 2-2 draw against Bologna at Stadio Renato Dell’Ara on Sunday. The 24-year-old during the encounter scored a brace in the 14th and 54th minutes as…

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