Author: Alade Adisa

The United States government has suspended funding for HIV treatment in Nigeria and other developing nations following an executive order by President Donald Trump. the administration moved on Tuesday to stop the distribution of drugs for HIV, malaria and tuberculosis, as well as medical supplies for newborn babies, in countries supported by the United States Agency for International Development (USAID). The U.S. is the largest single donor of aid globally, disbursing $72 billion in 2023. The directive, which was signed on his first day in office, but took effect on Tuesday (today) instructed all government agencies managing foreign development aid…

In Britain, the summer of 2012 — when London hosted the Olympic Games with a stunning opening ceremony — is a beacon of nostalgia. In November of that year, Elon Musk visited the country on a business trip, where he rode a bike around the capital. “I met with many interesting people,” he later wrote on Twitter. “I really like Britain!” His views, to put it mildly, have evolved. Since last summer, when the Labour Party won a landslide majority, ending 14 years of Conservative government, Mr. Musk has accused Britain of going “full Stalin,” being a “tyrannical police state” and sliding toward an…

Governor Babajide Sanwo-Olu of Lagos State @jidesanwoolu has bagged the ”Governor of the Year” and the “Game Changer Award” organized by the @THISDAYLIVE Newspaper and @ARISEtv. The award presentation was done during the 30th anniversary of ThisDay and 12th anniversary of Arise TV last night in Lagos on Monday. Governor Sanwo-Olu thanked the organizers for the award and promised to continue to work harder and better for Lagosians more than ever before. Here are some photos from the event.

Hours ahead of the reinauguration of Donald Trump as US president last week, Goldman Sachs hosted its annual investment summit in its London office, and one big so-called Trump trade kept on cropping up: the dollar. The new US president’s economic policy platform remains tough to parse or predict in any kind of detail. But investors, especially speculative hedge funds, have been pretty settled on the idea that Trump means a strong buck — the result of American exceptionalism, stubborn inflation, or both. For many clients it is, as one of the bank’s most senior traders outlined to the assembled…

The presidential candidate of the Labour Party in the 2023 general elections, Peter Obi has said that he is not interested in any coalition with the sole aim of grabbing power from the ruling All Progressives Congress in the 2027 general elections. The former Anambra State governor spoke when fielding questions from journalists at the sidelines of a two-day National Conference on ”Strengthening Democracy in Nigeria” in Abuja on Monday. The businessman-cum politician declared that his focus remains on addressing critical national issues rather than engaging in political power struggles. His statement reads, “Mr. Chairman, one of the most important…

Alarmed by the huge number of casualties in tanker fire incidents in the country of late, the Federal Road Safety Corps (FRSC) has warned Nigerians to stop scooping fuel from crashed trucks loaded with petrol. The FRSC Corps Marshal, Shehu Mohammed, gave this warning while addressing newsmen on Monday in Abuja on its recently concluded Operation Zero Tolerance. He expressed sadness over the rising number of collisions and fatalities, especially the rate of deaths arising from the removal of petroleum products from crashed tankers. Mohammed explained that fallen tankers were the reason for the rise in fatalities in 2024. He…

A former Deputy Majority Leader of the Lagos State House of Assembly, Olumuyiwa Jimoh, has said that Mudashiru Obasa, the former Speaker, should be suspended from the House for insisting that he remains the Speaker of the Assembly despite his removal. Jimoh, who spoke on Channels Television’s Sunrise Daily programme on Monday. said, ”He (Obasa) claims that he is still the speaker, which I think he knows that the implication is automatic suspension. I feel he should be suspended for that. It is an impersonation. “How can he be the bona fide speaker of the house? It is going to…

As Nigeria battles rising inflation rates, which reached a near 30-year high of 34.8% in December 2024, the Financial Reporting Council (FRC) has reassured Nigerians that the country has not entered a hyperinflationary economy. In a statement signed by its Executive Secretary, Dr. Rabiu Olowo, the FRC clarified that the application of International Accounting Standards (IAS) 29, which governs financial reporting in hyperinflationary economies, is unnecessary for the 2024 financial year. Rising Inflation: Key DriversAccording to the National Bureau of Statistics (NBS), inflation climbed from 34.6% in November to 34.8% in December, marking the fourth consecutive monthly increase. Key contributors…

LAGOS, Jan 23 – Nigeria’s Central Bank Governor, Olayemi Cardoso, has announced an optimistic economic outlook for 2025, projecting a GDP growth of 4.17%. Speaking at a conference on Thursday, Jan 23, 2025; Cardoso attributed the anticipated expansion to ongoing reforms and stabilizing inflation in Africa’s most populous nation. Reforms implemented by President Bola Tinubu’s administration in 2023, including the removal of petrol subsidies and the devaluation of the naira currency, initially stoked inflation. However, Cardoso expressed confidence that these measures would soon begin to bear fruit, reducing the current inflation rate of 34.8%. Rising Foreign Exchange Reserves and Oil…

A prominent chieftain of the All Progressives Congress (APC), Fouad Oki, has called on the impeached Speaker of the Lagos State House of Assembly, Mudashiru Obasa, to focus on his legislative responsibilities and move on from his bid to reclaim the speakership position. Obasa, who was removed from his role last Monday, continues to assert that he remains the rightful Speaker of the Lagos Assembly. However, Oki has urged the lawmaker representing Agege Constituency to abandon his efforts to return to the leadership seat and instead dedicate himself to his duties as an active member of the legislature. Speaking during…