Day: June 17, 2024

Motailatu Church @ 60: Aiyedatiwa Preaches Peace, Development

Abibat Babalola

Governor Lucky Aiyedatiwa of Ondo State has urged Nigerians to pray for peace in the country because “anywhere there is peace, there will be development”. He also praised members of Motailatu Church of God (MCG) over what he described as the support extended to his administration since he became the Governor of the Sunshine State. The Governor spoke on Sunday in Ondo City, during the Diamond Jubilee Celebration of the church. The spiritual event, held at the International Headquarters of the church, Saint Adekahunsi Cathedral, Oke-Iwosan, Ondo City, was witnessed…

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Edwin Clark Urges Tinubu To Release Nnamdi Kanu On Political Grounds

ADEOLA YUSUF

A former Federal Commissioner for Information and South-South leader, Chief Chief Edwin Clark, has urged President Bola Tinubu to order the release of Nnamdi Kanu, the detained leader of the Indigenous People of Biafra (IPOB). Clark, in a detailed letter President Tinubu, drew parallels with the case of Bello Bodejo, the President of Miyetti Allah Kautal Hore, who had terrorism charges dropped against him. Clark emphasized the need for a political solution to address the demands of the Igbo, who feel marginalized and short-changed in the country. He stressed that…

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What Presidency Said On NYT Article About Tinubu, Economic Hardship

ADEOLA YUSUF

The presidency says President Bola Tinubu did not create Nigeria’s current economic problems. In a statement on Sunday addressing a report by the New York Times titled ‘Nigeria Confronts Its Worst Economic Crisis in a Generation,’ Bayo Onanuga, special adviser to the president on information and strategy, said Tinubu inherited the economic problems. Onanuga said the report reflected the “typical predetermined, reductionist, derogatory, and denigrating way foreign media establishments reported African countries for several decades”. According to the spokesperson, the publication painted the dire experiences of some Nigerians amid the…

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Real Reasons Egg Prices Skyrocketed In Nigeria – Farmers

ADEOLA YUSUF

Farmers and traders have attributed the dramatic increase in egf prices to scarcity following significant closures of poultry farms in the country and also to a renewed increase in the prices of maize and soya, ingredients used in poultry feed production. Retail egg prices have increased by 25 percent in the past three weeks, while farm-gate prices have seen a rise of about 17 percent according to Nairametrics. Food prices have generally increased across the country in the past year due to the depreciation of the naira and a rise…

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US-Based Businessman Dies In Lagos Hotel, Police Begin Probe

ADEOLA YUSUF

The Lagos State Police Command has begun an investigation to unravel the circumstances surrounding the death of a businessman, Onyejekwe Izuchukwu, whose remains were found in a hotel room in the Ikoyi area of the state. It was gathered that Izuchukwu, who was based in Texas, USA, returned to Nigeria for some business dealings when the tragedy that claimed his life struck on June 9, 2024. The 62-year-old businessman was said to have lodged in the hotel in Ikoyi while engaging in the business activities that brought him back to…

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N17bn Debt: GTBank Drags 60 Bank Chiefs To Court

ADEOLA YUSUF

Guaranty Trust Bank has dragged at least 60 top executives of 13 commercial banks to court as a pending suit between GTBank and Afex Commodity Exchange over N17bn Anchor Borrowers Programme loan lingers. The 60 executives including the chairmen, chief executive officers, directors, and company secretaries of the 13 banks are facing contempt proceedings for allegedly failing to implement a No-Debit-Order reportedly placed on the accounts of Afex Commodity Exchange with the banks. In suit no FHC/L/CS/911/2024 involving Guaranty Trust Bank Limited and AFEX Commodities Exchange Limited, the Federal High…

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‘Nigerians Should Pay Old Rates For DStv, GOtv,’ MultiChoice Bows to Pressure

Gbenga Adeoti

‘No more 25% Hike,’ Full list of how much Nigerians will now pay on subscriptions   MultiChoice, the parent company of DStv and GOtv, has recently announced a return to its previous subscription rates following a legal mandate. The decision comes after a court ruling deemed the earlier price hikes unjustified, leading to significant subscriber losses, particularly in Nigeria. The company had raised its prices in response to economic challenges, including high inflation and currency devaluation. However, the move faced backlash, resulting in over a million subscribers discontinuing their services.…

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