Author: Festus Adeloye

Nigeria’s inflation rate increased to 34.19% in June 2024, according to data released by the National Bureau of Statistics on Monday, June 15, 2024. This represents an increase of 0.24 per cent points from the previous headline inflation rate of 33.95 per cent in May. This NBS stated this in its Consumer Price Index and Inflation Report for June 2024. The CPI measures the average change over time in the prices of goods and services consumed by people for day-to-day living. The increase is way higher than projections by analysts at Meristem Research at 34.01 per cent and lower than…

In the aftermath of Spain’s triumph in the Euro 2024, Chelsea defender Marc Cucurella took to social media to respond to earlier criticism from former England international and pundit Gary Neville. Spain emerged victorious in the Euro 2024 final, defeating England 2-1 in a thrilling match at Berlin’s Olympiastadion after the winning goal came from Mikel Oyarzabal in the 86th minute, set up by a precise cross from Cucurella. The Spanish side’s journey to the title was impressive, with seven victories and only one match requiring extra time. Luis de la Fuente’s team demonstrated their strength throughout the tournament, with…

President of the African Development Bank, AfBD, Mr Akinwumi Adesina, has said the Federal Government’s decision to suspend duties and taxes on imported food commodities was depressing. Adesina stated this at a retreat organised by the African Primates of the Council of Anglican Provinces of Africa, CAPA, in Abuja weekend. On July 8, the Minister of Agriculture and Food Security, Mr Abubakar Kyari, said duties, tariffs, and taxes on the importation of maize, husked brown rice, wheat, and cowpeas would be suspended through the country’s land and sea borders for 150 days. But speaking on the theme ”Food security and…

An Abuja-based widow, Ebere Mogbo, has cried out to First Lady Remi Tinubu for help after her farming dreams were allegedly crushed by the management of the Power Holding Company of Nigeria (PHCN) Estate. Mogbo, who recently lost her husband, had invested heavily in a farm in the estate, hoping to win the N25 million prize in the First Lady’s ‘Every Home a Garden’ initiative. However, her dreams were shattered when the estate management allegedly stopped her from planting 2,000 yam seedlings on her property, citing estate rules. Briefing journalists, the widow claimed she was not aware of any rules…

A 34-year-old man was charged with two counts of murder by British police on Monday as they identified his victims whose remains were found last week in suitcases on a Bristol bridge and in a London residence. Metropolitan Police said in a statement that Yostin Andres Mosquera was charged early Monday and will appear at the Wimbledon Magistrate’s Court later in the day. He was arrested early Saturday in Bristol, located about 140 miles west of London, after an investigation was launched to find the man who late Sunday left two suitcases containing human remains on Bristol’s Clifton Suspension Bridge.…

National Media Complaints Commission (NMCC), or the Ombudsman, has received a formal complaint from the federal government against the Daily Trust Newspaper over a report published on July 4, 2024. The government said the story contained “false and misleading information that severely threatens national security.”. NMCC disclosed this in a statement signed by its chairman, Eluem Emeka Izeze and interim secretary, Feyi Smith, made available to journalists in Abuja yesterday. According to the statement in the complaint, dated July 8, 2024, and signed by Dr Ngozi Onwudiwe, Permanent Secretary of the Federal Ministry of Information and National Orientation, on behalf…

Former Big Brother Naija housemate Abiri Oluwabusayo Khloe has accused an airline of stealing valuables worth over N32 million from her locked luggage at the airport. Khloe expressed her outrage and frustration on Snapchat, listing the missing items, which include cash, bags, and shoes. She demanded to know who would cover the cost of her loss, stating that she is not prepared to endure such a significant financial setback. On Snapchat, Khloe wrote: “Delta airline went ahead and did the worst thing to me. All my valuables gone from a locked luggage. How? Like how? Not even one bag, one…

Senator Ede Dafinone (Delta Central) has described the Delta local council elections on Saturday, July 13 as a complete sham and a mockery of democratic ideals and standard. Dafinone spoke on the growing concern across the country on how Governors use the State Independent Electorial Commission (SIEC) to undermine the growth and development of the electoral system at the local government level. The Delta Central lawmaker while reacting to the outcome of the council poll in Delta state said that it was very unfortunate that people at the grassroots level were prevented from participating in our democratic process by state…

The Chief Executive Officer of Dangote Refinery, Aliko Dangote, has revealed that the Nigerian National Petroleum Corporation now owns only a 7.2 per cent stake in the refinery. He said the figure reduced from the initial 20 per cent. Dangote said this while briefing journalists in Lagos State on Sunday. He said, “NNPC no longer owns a 20% stake in the Dangote refinery. They were meant to pay their balance in June but have yet to fulfill the obligations. Now, they only own a 7.2% stake in the refinery.” Speaking to journalists at a one-day training programme organised by the…

Carlos Alcaraz said he does not know his limit after overpowering Novak Djokovic on Sunday to win his second Wimbledon title but believes the Serb is still “Superman”. The Spanish third seed beat the seven-time champion 6-2, 6-2, 7-6 (7/4), collecting the fourth Grand Slam of his young career and underlining a changing of the guard. Alcaraz, 21, who has won three of the past five majors, said he wanted to enjoy his “amazing journey so far” rather than look too far into the future. “I really want to keep going, to keep improving, to keep growing up, try to…