Former Director General of the Lagos Chamber of Commerce and Industry (LCCI), Muda Yusuf, says state governments and businesses are yet to recover from the effects of the #EndSARS protests of October 2020. Ahead of the one year anniversary of the protest, an economist, Mr Yusuf, said the economic implication of the protest, hijacked by hoodlums, was enormous. “There was a lot of destruction of public and private property and these cost a lot of money. We are talking of hundreds of millions of naira. “As I speak to you, many of the private sector investors that were affected are…
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resident Muhammadu Buhari’s regime has announced that Nigeria’s Excess Crude Account (ECA) balance as of October stands at $60, 857,773.43, a drastic depletion from the $2.1 billion left by Goodluck Jonathan’s administration. Clem Agba, the minister of state for budget and national planning gave the update during the national economic council meeting at the State House in Abuja on Friday, according to a statement by Laolu Akande, spokesperson to Vice-President Yemi Osinbajo. “Excess Crude Account (ECA) balance as at 13th October 2021 stands at $60, 857,773.43; Stabilisation Account, balance as at 13th October stands at N25,009,892,511.55; Development of Natural Resources…
Senator Nicholas Tofomowo, representing Ondo South Senatorial District has assured some communities in the district of reconnection to the national power grid in 2022, after 14 years blackout. Mr Tofowomo gave the assurance during a facility tour of the ongoing power installation sub-station in Erinje, Okitipupa Local Government Area of the state on Saturday. The sub-station is being constructed by the Niger Delta Development Commission (NDDC). The communities in Okitipupa, Irele, Odigbo, Ese-Odo and Ilaje Local Government Areas (LGAs), were disconnected from the national grid by the Benin Electricity Distribution Company (BEDC) over an alleged debt running to several millions…
Nigerian comedian and actor Debo Adebayo popularly known as Mr Macaroni has taken a swipe at fellow celebrities frolicking with the Lagos State Government, charging them to rethink their association with the government. In a social media post on Friday, the Instagram skit maker who berated the Lagos authorities for frustrating the organisation of planned EndSARS memorial events asked celebrities parleying with the state government to pick the side they want to identify with- government or the people. Mr Macaroni rebuked celebrities for refusing to speak up against the government’s move to quell planned EndSARS memorial events. “For the celebrities,…
THE founder of Salvation Ministries, Pastor David Ibiyeomie, has prophesied on his life and ministry, declaring that he will be the richest and greatest man of God in his time. The outspoken and fiery gospel preacher added that Christians should know God’s word and praise Him based on his unfailing promises to them. Pastor Ibiyeomie has boasted that he will be the most successful preacher in his time just like his father was. During a ministration in Port Harcourt on Sunday, October 3, Pastor Ibiyeomie admonished Christians to praise God not based on their current experiences but because of what…
THE Alaafin of Oyo, Oba Lamidi Adeyemi, Tuesday, declared that until Nigeria returns to regionalism, the country’s progress remains a mirage. Oba Adeyemi said this at the opening ceremony of the Yoruba Studies Association of Nigeria, YOSAN, 50th anniversary held at the Otunba Subomi Balogun Conference, University of Ibadan, Oyo State. He said the military incursion in Nigeria’s political space in 1966 had since remained the country’s albatross, adding that the southwest had, before the coup, enjoyed tremendous progress in all sectors. The Alaafin, however, said regionalism can guarantee the future of the country and save it from imminent collapse.…
Ismaila Mustapha, a.k.a Mompha A Federal High Court in Lagos has granted an order of interim forfeiture of 11 high-end designer items confiscated by the Economic and Financial Crimes Commission (EFCC) from Ismaila Mustapha, alias Mompha. The items – five luxury sunglasses, five luxury wristwatches and an iPhone 8 – were seized from Mompha at his arrest by the EFCC on October 19, 2019 at the Nnamdi Azikwe International Airport, Abuja. Justice Lewis Allagoa made the order after hearing an ex-parte application argued by EFCC counsel Chinenye Ugwoke. He ruled that the order subsists pending the EFCC’s investigation…
Almost a month after the Central Bank of Nigeria forced foreign exchange update platform, Aboki FX, to suspend its operations, the naira has failed to rise on the parallel market although it has stabilised. Worse still, the naira dropped by 2.6 per cent to N422 per dollar, hitting an all-time low on the official market on Thursday. The CBN Governor, Godwin Emefiele, had on September 20, 2021 accused Aboki FX of exchange rate manipulation, describing the platform as illegal and criminal. Emefiele had said, “I have given instructions to our experts to go after his website and let it be…
Kylian Mbappe converted a soft late VAR penalty award to give a Paris Saint-Germain side missing Lionel Messi and Neymar a 2-1 win over Angers in Ligue 1 on Friday. PSG had to come from behind, with Danilo Pereira heading in the equaliser midway through the second half after Angelo Fulgini had given the away side the lead at the Parc des Princes. Mbappe then finished emphatically from the spot with three minutes left after Angers defender Pierrick Capelle had been penalised for a handball only seen by the referee following a review of the images. Beaten at Rennes in…
The pan-Yoruba socio-cultural group, Afenifere, has criticised a presidential aide, Femi Adesina, for comparing the President, Major General Muhammadu Buhari (retd.) to Chief Obafemi Awolowo and Nnamdi Azikiwe. “I am old enough to have seen our colourful and even swashbuckling politicians in action. I have seen the great Obafemi Awolowo, the charismatic Nnamdi Azikiwe (Zik of Africa), Shehu Shagari, Amino Kano, M.K.O Abiola, Bashir Tofa, and many others in action. “But I have not seen anyone with the kind of attraction, magnetic pull that Muhammadu Buhari has. And that is around the country; North and South. People swarm around him…