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Author: Samuel Akpenpuun
The National Bureau of Statistics has reported that Nigeria’s inflation rate rose to 34.80% in December 2024, reflecting a slight increase from the 34.60% recorded in November. According to the latest Consumer Price Index report released on Wednesday, the marginal rise of 0.20% has been attributed to heightened demand for goods and services during the festive season. On a year-on-year basis, the December inflation rate marked a significant increase of 5.87 percentage points compared to 28.92% in December 2023. This highlights a continued upward trajectory in consumer prices, driven by economic challenges such as currency depreciation, high energy costs, and…
Fire has gutted parts of Focus Holiday Inn, a popular hotel in Abuja, the Federal Capital Territory (FCT). The fire which reportedly started in the early hours of Wednesday, January 15 2025, was later put out by the combined efforts of staff and good Samaritans from the neighbourhood. When Channels Television crew arrived at the hotel premises, the gates were shut, and the hotel security guards denied the crew access into the premises of the hotel. They, however, confirmed to our reporter that operations at the hotel were on hold owing to the incident. Focus Holiday Inn is situated in…
The Economic and Financial Crimes Commission has denied claims that a suspect under investigation for an alleged N6bn fraud, Jonathan Okunbor was a witness in the ongoing Edo State election tribunal. According to the commission, the governorship candidate of the People’s Democratic Party, Asue Ighodalo, had claimed that the suspect was one of his witnesses in the tribunal. In a statement on Wednesday by the EFCC’s Head of Media and Publicity, Dele Oyewale, stated that Okunbor is the prime suspect in a case of alleged misappropriation of funds involving all 18 local government areas of Edo State. Oyewale said, “The…
The Anambra State Governor, Chukwuma Soludo, has expressly sympathised with the victims of the devastating fire incident that occurred at Ahịa Mgbede, opposite the New Motor Spare Parts Market in the commercial city of Nnewi. The midnight fire, whose cause has not been ascertained occurred in the early hours of Tuesday, burning several shops to rubble and destroying goods and properties estimated to be worth multi-million naira. Soludo’s consolatory message was contained in a press statement issued by his Press Secretary, Christian Aburime, on Wednesday. While assuring the affected victims, the governor also commended the efforts of the Anambra State…
The mood at the iconic Eagle Square in Abuja, Nigeria’s capital city, was sombre and reflective on Wednesday, January 15, 2025, as the nation stood still to honour the unmatched patriotism and sacrifices of fallen heroes on the occasion of the 2025 Armed Forces’ Remembrance Day on Wednesday. Nigeria is 64 years old — after independence — but behind the continued existence of the nation are the sacrifices of hundreds, even thousands of gallant troops who paid the supreme price in defence of the territorial integrity and sovereignty of the country. Vice President Kashim Shettima represented President Bola Tinubu who…
The World Health Organisation has confirmed an outbreak of suspected Marburg Virus Disease in Tanzania. The WHO who disclosed this on its website on Tuesday, noted that the source of the outbreak is currently unknown. It stated that the risk of the suspected MVD outbreak is assessed as high at the national level due to several concerning factors, and the regional risk is considered high due to the Kagera region’s strategic location as a transit hub. It mentioned that there is no confirmed international spread at the moment, but there are concerns about potential risks. It said, “On 13 January…
The Osun State chapter of the Peoples Democratic Party has been thrown into mourning following the death of its councillorship candidate for Ward 01, Oloba/Atapara, Ede North, Dauda Nurein. Nurein, who was set to contest in the February 22 local government election, passed away on Tuesday after a brief illness. His death was announced in a Facebook post by the Senior Special Assistant to the Osun Governor, Bureau of Social Services, Akintunde Bello Sheriff. In his tribute, Sheriff expressed shock and sorrow over Nurein’s passing. He said, “The Councillor waiting to be elected in my Ward bided the world a…
Britain’s annual inflation rate unexpectedly fell to 2.5 percent last month, official data showed Wednesday, easing some pressure on the Labour government faced with economic unrest. Analysts had forecast no change in the Consumer Prices Index (CPI) from the 2.6 percent figure in November. The latest reading from the Office for National Statistics (ONS) comes one day after finance minister Rachel Reeves was forced to defend the government’s handling of the economy following a recent sharp runup in state borrowing costs and a hefty drop in the pound. “Inflation eased very slightly as hotel prices dipped” after rising in December…
Mozambique President-elect Daniel Chapo will be sworn into office Wednesday after weeks of deadly political unrest but the main opposition leader has vowed to “paralyse” the country with fresh protests against the fiercely disputed election result. Venancio Mondlane had already called for a national strike in the days leading up to the inauguration and threatened on Tuesday to curtail the new government with daily demonstrations. Mondlane, 50, who is popular with the youth, maintains the October 9 polls were rigged in favour of Chapo’s Frelimo party, which has governed the gas-rich African country since independence from Portugal in 1975. “This…
Omowunmi, widow of Ilerioluwa Aloba, popularly known as Mohbad, has accused her late husband’s father, Joseph Aloba, of avoiding a Deoxyribonucleic Acid test to resolve the dispute surrounding the paternity of the son she had with Mohbad. The Magistrates Court, during its sitting on July 9, in the Ikorodu area of Lagos State, directed both parties to explore an alternative dispute resolution, leading to closed-door negotiations that also failed to yield an agreement. Mohbad’s father had filed the suit to seek a DNA test for his grandson. In a statement in October 2024, a representative of the family’s legal team,…
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