Author: Alade Adisa

The third richest man in Nigeria and founder of the BUA Group, Abdul Samad Rabiu, has donated N2 billion to the victims of the recent flood tragedy that wreaked havoc on some Borno communities in a bid to support recovery efforts in the state.A statement by the conglomerate said the donation was in response to President Bola Tinubu’s call to the private sector to support recovery efforts.The donation included N1 billion cash and N1 billion worth of essential food supplies.This was disclosed when Rabiu led a delegation from the company to Maiduguri, the state capital to deliver the food items…

Former President Goodluck Jonathan has said power struggle is responsible for conflicts on the African continent.The former president spoke in Abuja at a programme organized by the Institute for Peace and Conflict Resolution (IPCR) and partners in commemoration of the International Day of Peace, where he was honored as a Fellow by IPCR for his commitment to peace above personal interests.Expressing concern about Nigeria’s many problems, he stated that until the country develops a culture of peace, political conflicts will persist.Dr. Jonathan, who also said the widely believed notion that politics is dirty is untrue, instead blamed corrupt individuals for…

Again, Governor Dauda Lawal of Zamfara State, has said his predecessor and Minister of State for Defence, Bello Matawalle of being behind banditry in the state at some point.Lawal even went further by revealing that both President Bola Tinubu and the National Security Adviser, Nuhu Ribadu were aware of Matawalle’s alleged involvement in banditry.Speaking on Tuesday, the governor added that he had reported the minister to the NSA and the President and presented some facts to them. Speaking on Channels Television earlier, Matawalle had denied having any ties with bandits in the state and, had challenged Governor Dauda and General…

Bemoaning the acute shortage of security personnel in the country, Nigeria’s Chief of Army Staff (COAS), Lieutenant General Taoreed Lagbaja, has said that it is unrealistic to secure over 200 million Nigerians with two million security personnel, out of whom, a little over 100,000 are active soldiers of the Nigerian Army without any reserved forces.Disclosing this while speaking at the 2024 Distinguished Personality Lecture titled, “The Roles and Contributions of the Nigerian Army to National Development,” jointly organised by the Centre for Peace and Strategic Studies, University of Ilorin, and the Martin Luther Agwai International Leadership and Peacekeeping Centre, Jaji,…

At the ongoing 79th Session of the United Nations General Assembly (UNGA79) at the UN headquarters in New York, United States, Nigeria’s President, Bola Tinubu, on Tuesday, asked the United Nations to prioritize debt forgiveness for Nigeria and other developing countries from creditors and the various financial institutions.Tinubu, who is Chairman of the Heads of State and Government of the Economic Community of West African States (ECOWAS), made the calls while addressing world leaders during the General Debate.In a passionate appeal, the president charged world leaders to recommit themselves to multilateralism by deepening relations among UN member-states in line with…

The Swiss police have arrested several individuals in the northern canton of Schaffhausen, following the first recorded use of the controversial capsule, ‘Sarco’ capsule, a futuristic device designed to facilitate suicide.The Sarco capsule, created by Dr. Philip Nitschke, also known as ‘Dr. Death,’ utilizes liquid nitrogen to reduce oxygen levels, leading to unconsciousness within one minute and death in nine minutes.The debut of the Sarco capsule has ignited intense debate across the country.According to reports, the euthanasia capsule, which allows its occupant to end their life, was deployed in a wooded area in the municipality of Merishausen on Monday. It…

The Central Bank of Nigeria (CBN) has increased its Monetary Policy Rate (MPR) to 27.25%.According to a statement, the decision was made during the Monetary Policy Committee (MPC) meeting chaired by CBN Governor, Yemi Cardoso on Tuesday.In July 2024, the CBN raised its MPR by 800 basis points to 26.75 percent, up from 13 percent in May 2022. Stressing that the move will help improve confidence, and enable economic agents to plan in the medium to long term, the CBN governor said, “The committee was, however, unanimous in recognizing that a lot more is required to actualize the bank’s price…

The United States Government has commended the Saturday governorship election of Edo State, praising the people of the state over their peaceful conduct during the polls.The US also commended Governor Godwin Obaseki for his appeal for peace in the aftermath of the election.This was disclosed in a statement signed by Ambassador Richard Mills Jr., United States Ambassador to Nigeria on the Embassy’s website, which read, “The U.S. Mission in Nigeria commends the people of Edo State for the widely peaceful conduct of gubernatorial elections on September 21 and reiterates calls for calm following the announcement of results.According to Mills Jnr.,…

A National Bureau of Statistics (NBS) survey for the first quarter of 2024 has indicated that Nigeria’s unemployment rate in the first quarter of 2024 rose to 5.3 percent, a 0.3 percent points increase from 5.0 percent in the third quarter of 2023.According to the report, released on Tuesday, the unemployment rate for males stood at 4.3 percent, while females experienced a higher rate of 6.2 percent.The NBS defines underemployment as those who work less than 40 hours a week and are willing to work more.In terms of location, urban areas recorded a 6.0 percent unemployment rate, compared to 4.3…

Africa’s richest man, and the President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has called on the Federal Government to put an end to fuel subsidies completely now.In an interview with Bloomberg Television in New York on Monday, Dangote said the government should immediately end all fuel subsidies, adding that the removal would help determine the actual petrol consumption in the country.Dangote further noted that ending petrol imports will have a huge upside in easing currency pressures. The business chief also stated that the refinery can refine 650,000 barrels of crude oil daily, adding that fuel production from…