The governor of Edo State, Godwin Obaseki, has said that Nigeria is technically bankrupt and must restructure to meet its financial obligations.The governor, who spoke in an interview with Channels Television on Thursday, said the federal government can no longer put a band-aid on the economy.According to him; “Nigeria is technically bankrupt. When you’re bankrupt anywhere in the world, like in The United States of America (USA), you file for…

Ahead of Saturday’s Edo State Governorship Election, President Bola Tinubu has urged all stakeholders to ensure a peaceful and sportsmanlike approach. In a statement made available to newsmen by his Special Adviser on Information and Strategy, Bayo Onanuga, the President appealed to the governorship candidates, political parties, and their supporters to uphold the sanctity of the democratic process and respect the will of the people. President Tinubu emphasised his faith…

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that Nigeria’s foreign reserves recorded a net inflow of $2.35 billion between January and July, 2024.Speaking at the Access Bank corporate forum in Lagos Thursday, the minister said the stability of the Naira in the foreign exchange (FX) market led to the increase in foreign reserves.Edun also said access to foreign exchange has improved.He said, “We…

The Federal Government (FG) has announced that Coca‑Cola plans to invest $1 billion in Nigeria to expand its production lines and overall business operations. Temitope Ajayi, Senior Special Assistant to President Bola Tinubu on Media and Publicity, in a statement posted on his X page, said the agreement was reached during a meeting between President Tinubu and John Murphy, the global Chief Executive Officer of Coca‑Cola, on Thursday. Mr Ajayi…

Students of the University of Ibadan, on Thursday, made a passionate plea to the President, Bola Tinubu over the recent increase in their school fees.The students, operating under the banner of Helpless and Concerned Students, in an open letter to the president, stressed that the proposed increase in undergraduate school fees has forced many students to seek financial help online.They noted that with the current economic climate in the country,…

A rare Jihadist deadly attack on Bamako, the capital city of Mali, a West African country has left 77 people dead and 255 wounded.Unidentified security sources in Mali told AFP on Thursday that the militants attacked a military police training camp and a military airport in Bamako, killing at least 77 people and wounding 255 others on Tuesday.However, authenticated confidential official documents put the death toll at around 100, and…

In the face of current economic realities and the widespread hardship Nigerians are facing, the Federal Government has disclosed that it has no plans for an elaborate celebration of the country’s 64th Independence anniversary.Making the announcement during the inauguration of an inter-ministerial committee to oversee the activities on Thursday, the Secretary to the Government of the Federation (SGF) George Akume, stated that the decision to make the celebrations low-key was…

A few hours after his successor and the governor of Zamfara State, Dauda Lawal, accused him of being behind banditry in the state, the Minister of State for Defence, Dr Bello Matawalle, has denied the allegations, stating that during his reign as governor, he tackled banditry and all forms of criminality head-on.In a statement signed by Dayemi Saka, Lead Partner at Lambert and Curtis, the Bello Matawalle’s office, while reacting…

In a most shocking development, the governor of Zamfara State, Dauda Lawal has asked the Minister of State for Defence, Bello Matawalle to resign his position and clear his name over allegations of sponsoring bandits, as well as money laundering while he served as governor.Matawalle is the immediate predecessor of Governor LawalSpeaking as a guest in an interview on Television Continental (TVC) on Wednesday, the governor said the right thing…

The National Examinations Council (NECO) has officially released the 2024 results for the Senior Secondary Certificate Examination (SSCE). During a press conference at NECO’s headquarters in Minna, Niger State, on Thursday, the Registrar and Chief Executive of NECO, Professor Dantani Wushishi, announced the performance of students and revealed critical data on the examination results. Out of 1,376,423 registered candidates, 1,367,736 sat for the exam, with 828,284 students, representing 60.55%, achieving…

Mpox remains uncontrolled across Africa, according to the Africa Centres for Disease Control and Prevention (Africa CDC). The agency reported nearly 3,000 new suspected cases of the disease in the past week, with 374 confirmed infections. The spread has now been documented in all four regions of the continent; Africa CDC confirmed Thursday. In his weekly briefing, Africa CDC Director Jean Kaseya announced that 14 more deaths were reported in…

The Lagos State Government has issued a warning about an imminent structural collapse at the Mopol 20 Barracks in Onigbongbo, Ikeja. This follows preparations by the Lagos State Emergency Management Agency (LASEMA) to begin the emergency evacuation and demolition of the old Block 3 section of the barracks. Damilola Oke-Osanyintolu, LASEMA’s Permanent Secretary, stated in a press release on Wednesday that the agency’s response team had inspected various parts of…