Day: April 5, 2025

US Federal Reserve Chair Jerome Powell Says Inflation May Last Longer With Tariffs

Ganiyu Amodu

Federal Reserve Chair Jerome Powell on Friday appeared to back away from a “base case” view that inflation from President Trump’s new tariffs could be transitory, saying that “it is also possible that the effects could be more persistent” as the economy digests “significantly larger-than-expected” trade duties. Trump, at the same time, turned up the pressure on Powell, calling on him to lower rates. “This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always ‘late,’ but he could now change his image,…

Read More

Virgin hunter, By Funke Egbemode

Funke Egbemode

Why, how do men who have burgled many virgins’ coven suddenly develop a taste and thirst for virgin brides? Do they not know that once a virgin has been undone, the damage is irreversible? Tamuno was a man-about-town. He played the field and sowed generously. He gave himself as well as his substance. He was the Nigerian version of Don Juan. He knew where all a girl’s buttons were and once he got his fingers on them, he kept them there until both he and the girl were sated and…

Read More

‘Isioma Nwosu,’ Five Quick Facts About LASU’s 2023/24 Best Graduating Student

Rofeequr Adeola-Yusuf

    Vice Chancellor of the Lagos State University (LASU), Prof. Ibiyemi Olatunji-Bello, announced Miss Isioma Nwosu as the overall best graduating student for the 28th Convocation ceremony of the institution. According to Prof. Olatunji-Bello: “In total, 971 diploma students will graduate this year, with the following breakdown: 123 with distinctions, 550 with upper credits, 287 with lower credits, and 11 passes. “Among the 8,711 students graduating with first degrees from the university, 192 achieved first-class honours, 17 received unclassified degrees (MBBS/BDS), 3,076 graduated with second-class upper division, 4,397 with…

Read More

EcoBank Slams Suit On Otudeko’s Son As 6.3 Billion Shares Showdown Degenerates

Gbenga Adeoti

  EcoBank Plc has asked the Federal High Court in Lagos to temporarily restrain Otudeko Obafemi Adedamola, the son of Oba Otudeko, and others, including the Corporate Affairs Commission (CAC), from selling or transferring 6,314,116,229 Barbican Capital Limited shares in FBN Holdings. This request was made in a motion accompanying the bank’s main suit, both instituted by Kunle Ogunba (SAN) against Otudeko, Barbican Capital Limited, Honeywell Flourmills of Nigeria Plc, Siloam Global Services Limited, Oyeleye Foluke, FBN Holdings Plc, CAC, and the Nigerian Stock Exchange (NGX). The bank’s lawyer alleges…

Read More

Shell, Renaissance Hit With Lawsuit Over $2.4 Bn SPDC License Transfer

Precious Ibekwe

“Other defendants are the AGF; the NNPC Ltd; the NUPRC; and the Ministry of Petroleum Resources.” Details of the unravelling legal fireworks with case number FHC/L/CS/651/2025   A suit seeking to stop Shell Petroleum Development Company Limited’s deal transferring its mining licence worth $2.4 billion to Renaissance African Energy Company Limited has been filed at the Federal High Court in Lagos. The Incorporated Trustees of Human Environmental Development Agenda sued Shell Petroleum Development Company Limited, Renaissance African Energy Company Limited, the Federal Republic of Nigeria, and four others over the…

Read More

My Cult Followers’ll Kill You If You Speak Against Me, Apostle Suleman To Critics

Precious Ibekwe

    I’ve had cult boys bring people to me and say, ‘This boy was insulting you, we beat am and say make he apologise.’   Johnson Suleman, the general overseer of the Omega Fire Ministries International, has boasted about enjoying extreme loyalty from his followers, including cult boys. Addressing his congregation in a video circulating on social media, the cleric warned that anyone who speaks against him in Auchi, Edo state, would face violent consequences from those devoted to him. Platforms Africa reports that the cleric attributed his followers’…

Read More

One Killed, Three Hospitalised As Military Granade Explodes In Lagos

Abibat Babalola

A yet-to-be-identified scavenger has been killed after a military-grade grenade exploded at Idi-Araba in the Mushin area of Lagos State. PUNCH Online learnt that three other persons were injured in the incident, which occurred on Thursday. It was gathered that some scavengers in a metal scrap yard were attempting to dismantle one of the grenades in their possession. The device, however denoted in the process, killing one of them on the spot while three others sustained severe injuries. A resident, Akin Olawale, told our correspondent on Friday that the explosion…

Read More