Author: Alade Adisa

The federal government and China have renewed their 15 billion Yuan ($2 billion) currency swap agreement, aimed at strengthening bilateral trade and investment relations. According to Bloomberg, the People’s Bank of China (PBOC), in a statement on Thursday, confirmed that the agreement has been extended for another three years, with provisions for further renewal based on mutual consent. “The agreement is valid for three years and can be renewed upon mutual consent,” the PBOC stated. The deal enables the direct exchange of the Chinese Yuan and Nigerian Naira, eliminating reliance on the US dollar to reduce transaction costs and promote…

Human rights lawyer, Femi Falana (SAN) has told the Federal Government to compensate the families of those involved in the recent stampedes in parts of the country. Falana stated this on Friday in Akure during a programme organised by the Ondo State Government, tagged Akeredolu Leadership Lecture Series, in honour of the late governor. The lawyer blamed the Nigeria Police for the recent stampedes in Ibadan, Anambra and Abuja, where over 65 people died in the process of collecting palliatives. According to him, the police failed to adequately protect people during the gatherings. “It was failure of security; it’s not…

Manchester United boss, Ruben Amorim admitted that he could be sacked amid his struggles to reverse Red Devils’ slump. Amorim, who joined Manchester United from Sporting Lisbon for a £9.2 million buyout fee, has endured a challenging start. Under his tenure, the team has lost five out of their ten matches, prompting concerns about the manager’s ability to steer the club back on course. His appointment came with high expectations, especially considering United’s decision to pay an additional £900,000 beyond his buyout clause to secure him mid-season. However, the results have fallen short of expectations, with the team struggling to…

Five-time Ballon d’Or winner, Cristiano Ronaldo has revealed that he has plans to buy a football club and play the role of owner after he retires. ·Ronaldo does not plan to go into coaching·Plans to become club owner after retirement·Ronaldo edging towards the end of his career WHAT HAPPENED? A lot of questions have been placed on Ronaldo with regards to what the future will hold for one of the best footballers to have played the game as he slowly winds down towards the end of his career. The Portuguese legend has now revealed that he does not plan to…

In spite of worldwide belief, Russian President Vladimir Putin has dismissed the possibility of a third world war. Vladimir Putin has stressed the need for balance in addressing escalating global tensions and conflicts. Speaking with journalist Pavel Zarubin on December 24, the Russian president cautioned against fear-mongering. “There’s no need to scare anyone,” Putin spoke about third world war. Putin also acknowledged growing dangers and accused Russia’s opponents of heightening tensions deliberately. “If that’s what they want, let them escalate further. We will always respond to any challenge,” he said. However, despite Putin’s reassurances of not pursuing a full-scale war,…

An Italian journalist has been under arrest in Iran for more than a week, Italy’s foreign ministry has said. Cecilia Sala works for Il Foglio newspaper and for podcast company Chora Media. The foreign ministry said it was following Ms Sala’s case with “utmost attention” since she was detained by Tehran police on 19 December. There was no immediate confirmation of the arrest by Iranian officials. Chora Media said in a separate statement that Ms Sala was being held in solitary confinement at the Evin prison in Tehran and that no reason had been given for her arrest. Italy’s foreign…

Following the consistent flight delays and cancellations during the festive season, the Director-General of the Nigeria Civil Aviation Authority (NCAA), Chris Najomo, has convened a meeting with airlines’ Chief Executive Officers (CEOs). Disclosing this on his X handle on Thursday, the Director of Public Affairs and Consumer Protection, NCAA, Michael Achimugu said Najomo is cutting short an important assignment to meet with all the CEOs of domestic airlines in Nigeria on Friday. Recounting an experience he had while trying to catch his flight, Achimugu said, “I walked into the scene this evening while trying to catch a flight myself. Passengers…

Nyesom Wike, Minister of Federal Capital Territory (FCT), has revealed why he orchestrated the removal of Uche Secondus as National Chairman of the Peoples Democratic Party (PDP). The minister spoke as a special guest of honour at an end of year thanksgiving organised on Thursday by the PDP stakeholders in Ahoada East and Ahoada West at Ukpata community in Ekpeye Kingdom. The thanksgiving was put together by former Deputy Speaker, House of Representatives, Chibudum Nwuche; Chairman, Rivers State PDP Elders’ Council, Chief Ferdinand Alabraba; members of House of Representatives from the area, Solomon Bob and Victor Obuzor, and member of…

Justice4AfeBabalolaLegacy (JABL), a group of professors and lawyers, on Friday, said with the enormous contributions of Afe Babalola to the legal profession and the country, people should not sit by and watch him being insulted by anyone. Members of JABL, who included Professors Adeyemi Ademowo, Ademola Azeez, Ayodeji Emmanuel, and Mr Femi Alufa and Rotimi Opeyeoluwa, said this while speaking with newsmen in Ibadan on the case between Afe Babalola and Mr Dele Farotimi. According to them, being a human rights activist is not a licence to make unsubstantiated allegations.The Convener and Publicity Secretary of the group, Messrs Alufa and…

in response to the Christmas day bombing of civilians in two communities in the Silame Local Government Area of Sokoto State by the Nigerian Air Force, the Chief of Defence Staff, General Christopher Musa, has warned civilians against harbouring terrorists and criminals. The CDS, who spoke during his visit to the troops of Operation FASAN YANMA at 8 Division Headquarters in Sokoto, said any community that persists in such acts (harbouring terrorists) should be ready to face the consequences of their actions. NEW DAILY PRIME reported that an airstrike intended to neutralise Lakurawa terrorists, mistakenly hit Gidan Sama and Rumtuwa…