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

ADEOLA YUSUF

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,…

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Virgin hunter, By Funke Egbemode

ADEOLA YUSUF

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…

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

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…

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

ADEOLA YUSUF

  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…

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

ADEOLA YUSUF

“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…

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

ADEOLA YUSUF

    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’…

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One Killed, Three Hospitalised As Military Granade Explodes In Lagos

ADEOLA YUSUF

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…

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Ekpo Performs Ibesikpo CNG Plant Groundbreaking, Hails Economic Growth Prospects

ADEOLA YUSUF

Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo today performed the groundbreaking ceremony for Guelph Gas Limited’s Compressed Natural Gas (CNG) Mother Station in Ibesikpo, Akwa Ibom State, noting that as the world shifts towards cleaner energy sources, Nigeria is poised to leverage its vast natural gas reserves to drive a just and equitable energy transition. Platforms Africa reports that Ekpo’s spokesperson, Louis Ibah, quoted him in a statement as describing CNG a cleaner alternative to traditional fuels, which will play a crucial role in reducing carbon emissions…

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APC Spokesman, Tunde Oladunjoye, Is Dead

ADEOLA YUSUF

  ‘Money Failed,’ How the former running mate to Ogun state 2017 governorship candidate died in UK   Spokesman for the All Progressives Congress, Tunde Oladunjoye, is dead. Oladunjoye’s wife who confirmed the news, maintained that her husband died in the United Kingdom where he has been battling an undisclosed illness. He was reported to have earlier been flown from Nigeria to the UK for an advanced medical care. ‘One Post, 1.7 Million Views,’ Platforms Africa’s Ratings Soar A Child Can Be Born Older Than Both Parents. Here’s How Having…

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‘Their Names, Their Roles,’ NNPC Ltd Appoints Eight Senior Mgt Officers

ADEOLA YUSUF

Following the appointment of the Group Chief Executive Officer and Board of Directors, the Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the appointment of a new 8-man Senior Management Team on Friday. Platforms Africa reports that this was contained in a statement by Olufemi O. Soneye, Chief Corporate Communication Officer. The team which would be headed by the GCEO, Mr Bashir Bayo Ojulari, has Rowland Ewubare as Group Chief Operating Officer; Adedapo Segun as Group Chief Financial Officer; and Olalekan Ogunleye as Executive Vice President Gas, Power &…

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