Author: Alade Adisa

Brazil’s Mines and Energy Minister has announced that the country has joined the Organisation of Petroleum Exporting Countries (OPEC+) two years after the group extended an invitation, adding, however, that its membership will not be binding with regard to production cuts. Alexandre Silveira, the Mines and Energy Minister, after announcing the Brazilian government’s decision to join the group, described OPEC as “a forum for discussing strategies among oil-producing countries.” The AP quoted the minister as saying, ”We should not be ashamed of being oil producers. Brazil needs to grow, develop and create income and jobs.” Brazil is already one of…

The Department of State Services (DSS), has threatened to institute legal proceedings against two major television stations over their coverage of the Lagos State House of Assembly crisis. The Nigeria’s secret police alleged that Africa Independent Television (AIT) and Channels Television made false and damaging reports about its role in events at the Assembly on February 17. The DSS, through its lawyer, Adedeji Adedipe, claimed that it was only helping other security forces and didn’t do anything wrong. The agency wants both TV stations to retract their reports and apologize on air for three straight days, warning that should they…

For the past week, there have been verbal alterations between a cryptocurrency firm, Binance’s boss, Gambaryan and some members of the House of Representatives over the former’s claims that the lawmakers demanded a $150million bribe to give him a soft landing in the case of a fraud allegedly committed by the firm. However, the named lawmakers have fired back, affirming that Gambaryan’s allegation is a tale of falsehood and sheer blackmail. In this report, Damilola Olufemi, traces the genesis of the crisis and the underlying issues in the whole bribery saga It is an understatement to say that the mere…

The Department of Government Efficiency (DOGE) being championed by tech billionaire, Elon Musk announced on its official X account that $1.9 billion of misplaced funds have been recovered from the Department of Housing and Urban Development (HUD), adding that former President Joe Biden’s administration was to blame. ‘These funds were earmarked for the administration of financial services, but were no longer needed,’ DOGE wrote in a post on X on Saturday, adding that the funds were lost in the first place due to a ‘broken process.’ ‘@SecretaryTurner and @DOGE worked together to fix the issue and de-obligated the funds which…

New star on the block, Omar Marmoush introduced himself as Manchester City’s own ‘Egyptian king’ with a superb 14-minute hat-trick against Newcastle to send Pep Guardiola’s side fourth in the Premier League. Marmoush, who joined City for £59m from Eintracht Frankfurt last month, clearly has a long way to go before he can get close to the authentic Liverpool version – but broke his scoring duck in style after four matches without a goal. Just 13 minutes and 54 seconds separated the forward’s opener – taking advantage of Kieran Trippier’s failure to read a long ball from City goalkeeper Ederson…

Djibouti’s foreign minister, Mahamoud Youssouf, has been elected as the new chairperson of the African Union (AU) Commission. In the election that took place on Saturday, Youssouf won after seven rounds of voting by the union’s 49 member states. He won the election with 33 votes in the final round, constituting the required two-thirds. Kenya’s former prime minister, Raila Odinga, and Richard Randriamandrato, Madagascar’s ex-economy and finance and foreign affairs minister vied for the AU top position in the tightly contested race, however, Youssouf secured a win in the final voting round. The multilingual politician who speaks Arabic, English, and…

The agency that has been in the crosshair of the duo of President Donald Trump and tech billionaire, Elon Musk for almost a month now, the U.S. Agency for International Development (USAID), has gotten itself in another seemingly intractable mess as it has been accused of funding terrorist organisations, including Boko Haram, ISIS, and Al-Qaeda. A United States lawmaker, Scott Perry, has made the accusations during the first hearing of the Subcommittee on Delivering on Government Efficiency (DOGE), The Economist reported. The session, titled, “The War on Waste: Stamping Out the Scourge of Improper Payments and Fraud,” focused on allegations…

The last has not been heard about the face-off between three Nigerian lawmakers and some executives of Binance, a cryptocurrency exchange that allows users to buy, sell, and trade cryptocurrencies, as allegations and counter-allegations between the parties continued at the weekend.Tigran Gambaryan, an executive of Binance, who was detained in the country last year before being released, had accused some members of the House of Representatives of demanding $150 million bribe from him to secure his release.He alleged that the lawmakers demanded that the money be paid in form of cryptocurrency and initially did not mention the names of the…

Edwin Kibet, a Kenyan athlete has emerged as the winner of the men’s category at the 2025 Access Bank Lagos City Marathon, held on Saturday. In what was his second victory in the prestigious race, Kibet clocked an impressive time of 2 hours, 14 minutes, and 19 seconds, earning him the $50,000 first-place prize. The Kenyan runner previously won the marathon in 2023 with a time of 2:14:06. In last year’s edition, Kibet finished third behind fellow Kenyan, Bernard Sang, who won with a time of 2:16:49, and Cheprot, who placed second. This year, he dominantly reclaimed his title. Kenya…

OpenAI has rejected Elon Musk’s offer to buy the company for $97.4 billion stating that it is not for sale. The artificial intelligence company’s Board chairman, Bret Taylor stated on Saturday that the board has unanimously rejected Musk’s offer. He noted that Musk’s offer is his latest attempt to disrupt his competition. “OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition. “Any potential reorganization of OpenAI will strengthen our nonprofit and its mission to ensure AGI (artificial general intelligence) benefits all of humanity,” the chairman stated on Friday. Note that…