Author: Gbenga Oluranti Olaleye

The House of Representatives has initiated steps to regulate the escalating rent prices across Nigeria. The proposed regulation seeks to address the growing concerns of Nigerians over exorbitant housing costs, particularly in urban areas, where rents have skyrocketed in recent years. Lawmakers are focusing on introducing measures that will ensure fair and affordable rent pricing, providing relief to tenants who have long struggled with high housing costs. This initiative is expected to establish a framework for rent control, aimed at balancing the interests of landlords and tenants while promoting affordable housing. The move has been widely welcomed by many Nigerians,…

The Federal Government has issued an urgent warning to residents living along the banks of Rivers Benue and Niger, advising them to vacate immediately due to the threat of severe flooding. This directive comes following predictions of rising water levels that could lead to widespread flooding in the affected regions. Authorities are calling for swift evacuation measures to prevent loss of lives and property. Emergency response teams have been mobilized, and residents are urged to cooperate with local authorities to ensure a smooth and safe evacuation process. The government has also assured that temporary shelters and relief materials will be…

Nigeria’s Vice President, Senator Kashim Shettima, is scheduled for a two-day visit to Sweden aimed at enhancing bilateral relations between Nigeria and the Scandinavian nation. During the visit, Shettima will engage in high-level discussions with key Swedish government representatives. As part of the official engagements, the Vice President will meet with Crown Princess Victoria of Sweden and Swedish Prime Minister Ulf Kristersson. These talks are expected to strengthen diplomatic ties and explore areas of mutual cooperation between both countries. In addition to the bilateral meetings, Vice President Shettima will engage with Norrsken, a Stockholm-based venture capital impact investor. Norrsken recently…

The National Judicial Council (NJC) has issued a stern warning to judicial officers, emphasizing the need to enhance their performance amid growing concerns about the backlog of court cases. Chief Justice of Nigeria, Justice Kudirat Kekere-Ekun, addressed these issues during her speech at the Third Annual National Conference on Judges Performance Evaluation, held on Tuesday in Abuja. Justice Kekere-Ekun expressed her alarm regarding the increasing number of pending cases in the judicial system. As of the first quarter of 2024, a staggering 243,253 cases remain unresolved in Nigeria’s Superior Courts of record, excluding the Supreme Court. This figure includes 199,747…

The Federal Government has urged citizens to refrain from making negative remarks about the country. This caution comes amid ongoing discussions about Nigeria’s economic challenges, security issues, and overall national image. The government emphasised the importance of fostering a positive narrative and collective responsibility in shaping the country’s future. Officials stated that negative comments could undermine national unity and discourage foreign investment, which is critical for economic recovery and growth. A spokesperson for the government, speaking at a press briefing, remarked, “While it is vital to address our challenges, we must do so constructively. Criticism should be aimed at fostering…

The Nigerian Naira has been identified as one of the worst-performing currencies on the African continent, experiencing a staggering depreciation of 43%, according to a recent report from the World Bank. This significant decline raises alarms about the state of Nigeria’s economy, which has been grappling with various challenges, including inflation, foreign exchange shortages, and dwindling investor confidence. The report highlights the Naira’s performance in comparison to other African currencies, underscoring a troubling trend that could have far-reaching implications for the nation’s economic stability. Economists attribute the Naira’s depreciation to a combination of factors, including a volatile global market, rising…

The Federal Government has announced a comprehensive cash transfer initiative aimed at reaching 20 million impoverished Nigerians. The initiative was unveiled by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, during a press conference held earlier today. According to Edun, the cash transfer program is part of a broader strategy to stimulate economic growth and provide immediate relief to families facing financial hardship. “This initiative represents our commitment to ensuring that no Nigerian is left behind,” Edun stated, emphasizing the government’s focus on social welfare in the face of rising economic challenges. The program, which is…

TikTok has announced the removal of more than 2.1 million videos in Nigeria for violating its community guidelines during the second quarter of 2024. This initiative is part of the platform’s ongoing commitment to enhance content moderation and create a safer online environment for its users. In a report released on Tuesday, October 15, TikTok highlighted that these removals account for less than 1% of the total uploads in Nigeria during the reporting period. The findings revealed that an impressive 99.1% of the removed videos were proactively identified and taken down before any user reports were made. Furthermore, 90.7% of…

Bishop David Oyedepo, founder of the Living Faith Church (Winners Chapel), has urged critics to refrain from questioning the church’s decisions regarding the retirement of its pastors. The cleric faced criticism on social media after reports emerged last week that his two vice presidents, Bishops Thomas Aremu and David Abioye, would be retiring after serving three and four decades in the ministry. It was gathered that their retirement is in line with the operational guidelines of the church, also known as The Mandate, which serves as the church’s constitution. Reacting while delivering his sermon at the valedictory service for Bishop…

Dr. Deji Adeleke, a prominent businessman and the father of international music star Davido, has announced plans to construct the largest thermal power plant in Nigeria, set to launch in January 2025. This ambitious project aims to significantly enhance the country’s electricity generation capacity. Dr. Adeleke, who currently generates 15% of Nigeria’s electric power, emphasized the importance of investing in infrastructure to address the nation’s ongoing energy challenges. “Our goal is to not only increase power supply but also to contribute to the sustainable development of Nigeria’s energy sector,” He stated at the Seventh-day Adventist General Conference Annual Council in…