Author: Alade Adisa

The Kremlin said on Monday that the latest round of US sanctions on the Russian energy sector risked destabilizing global markets, and Moscow would do everything possible to minimize their impact. “It is clear that the United States will continue to try to undermine the positions of our companies in non-competitive ways, but we expect that we will be able to counteract this,” Kremlin spokesman Dmitry Peskov said. “At the same time, of course, such decisions cannot but lead to a certain destabilization of international energy markets, oil markets. We will very carefully monitor the consequences and configure the work…

Former world heavyweight champion, Tyson Fury has announced his retirement from boxing. Tyson Fury has dramatically announced his retirement from boxing with immediate effect. The Gypsy King, 36, revealed the shock news in a video to his fans on Monday afternoon. ‘Hi everybody, I’m going to make this short and sweet,’ he said in a clip he shared to social media. ‘I’d like to announce my retirement from boxing. It’s been a blast, I’ve loved every single minute of it. ‘I’m going to end with this… Dick Turpin wore a mask. God bless everybody, see you on the other side.…

Governor Seyi Makinde of Oyo State has said he will prosecute kingmakers who are still protesting over the choice of Prince Abimbola Owoade as the new Alaafin of Oyo for bribery except they declared support for the new king. The governor said this after presenting Certificate of Appointment and Staff of Office as the new Alaafin of Oyo to Owoade on Monday at the Executive Chamber of the Governor’s Office in Ibadan. Governor Makinde, who declared that the Alaafin’s stool was important to the entire Yoruba race and not only to Oyo Town or Oyo State, noted, “Those who are,…

The Lagos State House of Assembly has elected Mojisola Lasbat Meranda as its first female Speaker in history. Her emergence on Monday followed the impeachment of Mudashiru Obasa, who was accused of financial mismanagement and corruption. Here are facts about the new female Speaker.

For disrupting an Ibom Air flight from Uyo to Abuja on 8 January 2025, and causing its cancellation, a female passenger has been charged to court and granted bail. According to the Director of Public Affairs and Consumer Protection, Michael Achimugu, who disclosed this on Monday, the incident, described as “unruly behaviour,” affected 89 other passengers and caused significant disruptions to the airline’s operations.Reports have it that an unruly passenger last Wednesday disrupted Ibom Air flight operations scheduled to depart Uyo for Abuja International Airport at 1730hrs and prevented its takeoff. It was reported that passengers had been informed during…

Data sourced from the newly released Monthly Oil Market Report (MOMR) by the Organisation of the Petroleum Exporting Countries (OPEC) indicated that Nigeria’s daily average oil production rose by 152, 000 barrels per day last November. The OPEC MOMR for December 2024 revealed that the country’s production, including condensates rose by 11 per cent, from 1.333 million barrels in October to 1.486 million in November 2024. The analysis puts the daily increase to 152, 000b/d and about one million barrels increase between October and November last year. This is as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in its latest…

The Lagos State chapter of Nigeria Labour Congress (NLC) on Monday stormed Lagos Television, Radio Lagos/Eko FM, and Traffic Radio, forcibly ejecting workers and shutting down operations. The Labour union’s action was in response to the refusal of the Lagos State Government to integrate the stations’ staff into the Oracle system and pay the long-overdue minimum wage. The development followed the expiration of a fiery three-day warning strike by the stations’ workers, which had seen spirited protests earlier in the day. NLC officials descended on the premises in Agidingbi, Ikeja.NLC officials descended on the premises in Agidingbi, Ikeja shortly after…

As the 2027 general elections draw nearer, Ohanaeze Ndigbo Worldwide has declared its support for the re-election of President Bola Tinubu for a second term in office. The foremost Igbo socio-cultural group stated this in a statement signed by its Deputy President General, Mazi Okechukwu Isiguzoro, on Sunday, where they appealed to the President to use his executive powers to facilitate the release of the Indigenous People of Biafra leader, Nnamdi Kanu this 2025. The association stated that the release of the IPOB leader shall serve not merely as an act of mercy, but as a vital catalyst for restoring…

Following recent religious activities that have been breeding strife and tension in parts of the South West region of Nigeria, the federal government has initiated moves to probe the developments and avert a possible breakdown of law. According to a Nigerian Tribune report, the government was getting concerned about reports linking groups and personalities to extremist activities and religious tension capable of fomenting crisis if allowed to continue unchecked. Two recent events that happened in Oyo State have triggered suspicions that extremist activities might be creeping into the South West zone, originally regarded as the bastion of religious harmony. According…

Chief Femi Otedola, the Chairman of First Bank Holdings has revealed what the publisher of ThisDay newspaper, Nduka Obaigbena did with the $230 million loan he obtained from First Bank Limited. Sources said Otedola made the revelation after meeting with President Bola Tinubu in the United Arab Emirates. The First Bank chief, in a statement he issued on Sunday after the meeting with Tinubu, said Obiagbena used the $230 million to fund the presidential bid of the embattled former governor of Central Bank of Nigeria, Godwin Emefiele, and luxury travels among others. He said, ”My attention has been drawn to…