Author: Festus Adeloye

The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate rose  to 24.23  per cent in March 2025. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for March 2025, which was released in Abuja. According to the report, the headline inflation showed an increase of 1.05  per cent compared to the  23.18 per cent recorded in February 2025. Furthermore, the report said on a month-on-month basis, the headline inflation rate in March 2025 was 3.90  per cent, which was 1.85 per cent higher than the rate recorded in February 2025 at 2.04 per cent.…

The Director General, Securities and Exchange Commission (SEC), Emomotimi Agama has warned celebrities and influencers against promoting unregistered investment platforms. He noted that promoting or endorsing ponzi schemes could attract legal consequences, maintaining that the commission frowns upon promotion of meme coins or projects that harm the public. Agama stated this during a virtual engagement with fintech stakeholders on Monday, April 14, 2025. This is as the commission cautioned the public against investing in unregistered digital investment platforms, amid mounting concerns over the rising popularity of such platforms. This renewed stance by the commission follows social media uproar following the…

The Speaker of the House of Representatives, Tajudeen Abbas has reminded Rivers State Sole Administrator, Vice Admiral Ibok-Ete Ibas (rtd.) that by the provision of the 1999 Constitution (As amended), he must report to the National Assembly in running the affairs of the oil-rich state. The Speaker gave the charge in Abuja on Tuesday while inaugurating the House of Representatives Ad-Hoc Committee on Rivers State. Recall that on 18 March 2025, President Bola Tinubu declared a six-month emergency rule in Rivers State, following the political crisis that pitched the state governor, Siminalayi Fubara, against the State House of Assembly.…

A former President of the Nigerian Bar Association (NBA), Dr. Olisa Agbakoba, SAN, has stated that the sexual harassment allegation levelled against Senate President Godswill Akpabio by Senator Natasha Akpoti-Uduaghan falls short of the evidentiary threshold required to establish such claims. Addressing journalists at a press conference in Lagos on Tuesday, Agbakoba said the allegation, “as it currently stands, contains significant contradictions and falls short of the threshold for proving sexual harassment anywhere in the world.” Agbakoba, who also serves as Akpabio’s legal counsel, noted that while it is important to create an environment where individuals feel safe to speak…

Some angry investors stormed the CBEX office located in the Oke Ado area of Ibadan, Oyo State, on Monday, looting furniture and other items after the digital trading platform reportedly crashed. Eyewitnesses said the mob forcibly entered the premises, carting away tables, couches, and other office equipment. The attack is believed to have been triggered by the sudden collapse of the platform, which allegedly left many users with zero balance in their accounts. Following the incident, several users expressed frustration and grief over the loss of their investments, with some taking to social media to share their experiences. A video…

The Nigerian Bar Association (NBA) on Monday has admitted collecting N300 million from suspended Governor of Rivers State, Siminalayi Fubara while planning its 2025 Annual General Conference (AGC) initially billed for Port Harcourt. This followed the demand by Rivers State Sole Administrator Ibok-Ete Ibas that the money, approved by suspended Governor Siminialayi Fubara, be refunded. However, the NBA said the cash was “an unconditional gift”, not payment to facilitate the conference and was silent on whether it will return the money or not. The government in a statement by Hector Igbikiowubo, the media aide to Vice Admiral Ibas faulted the…

A former Deputy National Chairman of the Peoples Democratic Party (PDP), Chief Olabode George has warned that the party will collapse if the presidential ticket is given to Atiku Abubakar in 2027. Atiku, who was a former Vice- President of Nigeria was the PDP’s presidential candidate in the 2029 and 2023 presidential elections. George made the remark on Monday while appearing on Channels Television’s Politics Today. He said that if the former vice president was a true leader of the party, he would be fully involved in its affairs. “If Atiku were truly the leader of the party, he would…

The Kwara State Police Command says it arrested controversial musician, Habeeb Okikiola popularly known as Portable following a petition filed by veteran fuji musician, Okunola Saheed (Saheed Osupa). According to a statement released by the command’s spokesperson, SP Adetoun Ejire-Adeyemi, the petition accused Portable of several serious offences including criminal defamation, threats to life, incitement, character assassination, conduct likely to cause a breach of public peace, as well as the use of abusive and offensive language. ‘’In view of the weight of these allegations and the supporting evidence presented, the command secured a valid arrest warrant from a Magistrate Court…

Tunde Onakoya, the visionary behind Chess in Slums Africa, is gearing up for another bold attempt at the Guinness World Record (GWR) for the longest continuous chess game. In a post shared on X (formerly Twitter) this past Saturday, Onakoya revealed plans to play chess non-stop for 70 hours in New York City’s iconic Times Square, from April 17 to 20. This extraordinary feat isn’t just about setting records—Onakoya aims to use the marathon to generate support for building free schools for homeless children across Nigeria. This marks his second attempt at the record. In April 2024, he completed an…

Former Bayelsa state governor, Senator Seriake Dickson, has shared his experience after visiting the suspended Rivers State Governor, Siminalayi Fubara in Port Harcourt. Dickson in his official Facebook Page said Fubara told him that he was confident in institutions and the leadership of the country to do the right thing. The Senator representing Bayelsa West appreciated Fubara’s calmness and peaceful disposition in the midst of unprecedented turbulence. Dickson said: “We discussed the extreme political developments in the state in the last couple of weeks. I appreciated his calmness and peaceful disposition in the midst of unprecedented turbulence. “In our frank conversation, which was…