Month: February 2024

Our Wealth Overestimated, Nigeria A Very Poor Country – Presidency

ADEOLA YUSUF

The Presidency has described Nigeria as a “very poor” country, adding that the wealth of the country is overestimated. Special Adviser to the President on Information and Strategy, Bayo Onanuga, said this in an interview on Arise TV. Onanuga, in the interview on Monday, said Nigeria is still a very poor country considering its low per capita income, compared to other African nations. He said: “Nigeria is a very very poor country, to be honest. “I think our wealth is overestimated. “I think we have a poor estimation of the…

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IMF Urges Nigerian Govt To Phase Out Fuel, Electricity Subsidies

ADEOLA YUSUF

The International Monetary Fund has advised the Federal Government of Nigeria to completely phase out electricity subsidy in the country. The advice to the President Bola Tinubu-led administration was contained in the IMF’s Post Financing Assessment report. The IMF added that the Federal Government had overwhelmed itself, thus recommending that the total removal of both fuel and electricity subsidies must be implemented. It said: “The new administration has made a strong start, tackling deep-rooted structural issues in challenging circumstances. “Immediately, it adopted two policy reforms that its predecessors had shied…

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Nine Million Barrels Of Crude Oil Stolen In 2022 — Ex-NDDC MD

ADEOLA YUSUF

A former Managing Director of Niger Delta Development Commission Ndutimi Alaibe, has revealed that no fewer than nine million barrels of crude oil was stolen in the Niger Delta in 2022 alone. He gave the startling picture of things in a speech at a Two-Day Board and Management Retreat of the NDDC. According to Alaibe at the retreat in Ikot Ekpene, Akwa Ibom State, crude oil theft had grown from 103,000 barrels per day in 2021 to an average of 108,000 barrels per day in the first quarter of 2022…

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Popular socialite Kills Wife, Commits Suicide

ADEOLA YUSUF

An Akure-based socialite and filling station owner, Sesan Adelabu, popularly known as Emirate, has reportedly  committed suicide after killing his wife, Bolu, in Akure, Ondo state capital. The socialite was said to have committed suicide by drinking an insect-killing substance, after machetted his wife to death in their Alagbaka home. It was gathered that the wife’s lifeless body was left on her matrimonial bed while the remains of her husband was found inside his toilet after drinking the insecticide. A source close to the late Adelabu, who confirmed the incident to our…

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Niger Bans Commercial, In’tl Flights To, From Nigeria

ADEOLA YUSUF

The government of the Republic of Niger has placed a ban on all commercial and international flights coming from or going to Nigeria. In a similar move, the Republic of Niger announced the opening of its airspace to all national and international commercial flights, effective immediately. The new directive specifies that commercial flights passing over Nigerian airspace without landing will not be affected by these restrictions. Nevertheless, it is mandatory for all flights operating within Niger’s airspace to have their ADS-B and/or radar transponders operational throughout the duration of the flight. In the press…

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Emotional Photos Of Wigwe’s Parents After Helicopter Crash

ADEOLA YUSUF

. Dangote, Abiodun, and others visit Septuginerian parents of deceased Access Bank MD     The President/Chief Executive Officer, Dangote Group, Aliko Dangote and the Governor of Ogun State, Dapo Abiodun, alongside other associates paid a condolence visit to the parents of the late CEO, Access Holdings Plc., Herbert Wigwe, on Monday.     The Ogun State governor disclosed this in a post on his Facebook account on Monday. Wigwe, his wife, Doreen; son, Chizi; and a former Group Chairman of Nigerian Exchange Group, Abimbola Ogunbanjo, lost their lives in…

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Access Holdings Appoints Bolaji Agbede Acting CEO

ADEOLA YUSUF

Access Holdings Plc on Monday announced the appointment of Ms. Bolaji Agbede as the Acting Group Chief Executive Officer. This follows the death of its former Group Chief Executive Officer, Dr. Herbert Wigwe. Wigwe died in a helicopter crash alongside his wife, son, and a former chairman of the Nigeria Exchange Group, Abimboloa Ogunbanjo on Friday A statement made by the company’s Board of Directors and dated February 12, 2024, stated that the appointment was subject to the approval of the Central Bank of Nigeria “Further to its announcement dated…

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Why Nigerian Govt Should Consider N1m As Minimum Wage – NLC

ADEOLA YUSUF

The National Labour Congress, NLC, president, Joe Ajaero, says the Federal Government should look at N1 million as monthly minimum wage if inflation and other economic indicators worsen. Ajaero disclosed this on Sunday in an interview with Arise Television. According to the NLC president, the new minimum wage must reflect the country’s economic conditions, adding that as long as the dollar keeps rising against the naira, the demands for a higher minimum wage will be inevitable. He reiterated that the initial N200,000 minimum wage proposal is no longer tenable, citing…

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Tinubu, Matter Don Pass Be Careful, By Lasisi Olagunju

ADEOLA YUSUF

The last premier of the Western Region, Chief Samuel Ladoke Akintola, asked his guest what the town was saying. The guest told him the town was solidly behind him. The guest backed his claim with a cassette which he said contained the adulation with which the people of Ibadan welcomed every step so far taken by Chief Akintola. The premier listened to the cassette and brightened up. He thanked the guest, Chief A.M.A. Akinloye, as he took his exit. Akintola’s young confidant and aide, Adewale Kazeem, walked in. The premier…

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Top 10 Best Universities In Africa Emerge

ADEOLA YUSUF

▪️ OAU, UNN, ABU, UNILORIN missing. University of Ibadan and UNILAG only Nigerian Varsities on the list as varsities from South Africa dominate   When it comes to university education in Africa, South Africa maintains the lead while other countries come a distant second. This fact emerged yet once again as The Times Higher Education released the 2023 World University rankings across 104 countries and regions. Ten African universities have been ranked top in the 2023 list, out of which four are from South Africa. The University of Cape Town…

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