Author: Festus Adeloye

The Minister of Finance, Wale Edun, has stated that the lack of a liquid foreign exchange market was the major reason why some multinational companies exited Nigeria. Edun, who was a guest on Channels Television’s Sunday Politics programme, stated that the government has addressed this issue by establishing a willing buyer, willing seller foreign exchange market. He said, “One of the major drawbacks one of the major impediments for them (exiting multinationals) was they did not have a liquid foreign exchange market. “Now, we have a willing buyer, willing seller foreign exchange market. It is elevated, may be not at…

The Independent National Electoral Commission (INEC) said it has registered 20,000 new voters in the ongoing Continous Voters Registration (CVR) in Ondo State ahead of the November governorship election. It said the enthusiasm shown by young Nigerians to get registered as voters indicated that voter’s apathy would not be witnessed in the state. The national chairman of INEC, Yakubu Mamoud, spoke in Akure on Sunday, June 2, during his two days visit to the state to observe the CVR exercise and assess readiness of the electoral body for the polls. Yakubu said 17 political parties conducted primaries to participate in…

Veteran record producer and music executive, Don Jazzy has reckoned that Nigerians are not receptive to female musicians. The Mavin Records boss said it is sad that Nigerians don’t consume much music from female artistes compared to their male counterparts despite their hard work. A netizen with the X handle @Lahon199x had raised concerns over the issue, saying Nigerian female artists have more chances of becoming global A-list than in Nigeria. The X user wrote: “Nigerians in general are still not receptive to Female music “You will see female dominating or at least equal to the men in other countries’…

Jose Mourinho has been appointed as the new manager of Turkish giants Fenerbahce. The legendary Portuguese coach will manage in the fifth different country of his illustrious international career after agreeing a move to Istanbul. Fenerbahce recently parted company with predecessor Ismail Kartal after they fell short to rivals Galatasaray in an extremely competitive Super Lig title race, with Fener accruing 99 points and suffering only one defeat but missing out due to Gala’s 102-point haul. It has now been a decade since Fenerbahce last won the title. Mourinho has returned to management six months after being sacked by Roma,…

Suspended Deputy Commissioner of Police, Abba Kyari, has been released from the Kuje Custodial Centre in Abuja after 27 months in custody. This followed the ruling of a Federal High Court in Abuja that granted Kyari two weeks bail. The court said the two-week bail was to allow Kyari to return home to conclude his mother’s burial rites. The court subsequently set Friday, May 31, for the determination of his bail application in the trial over drug-related charges filed by the National Drug Law Enforcement Agency (NDLEA) following his arrest over two years ago on February 14, 2022. The spokesperson…

The Nigeria Labour Congress (NLC) has declared an indefinite nationwide strike starting Monday, June 3, 2024, following the breakdown of negotiations over the new minimum wage with the Federal Government. This development comes after Organised Labour urged President Bola Tinubu to personally intervene in the negotiations to avert the strike. Talks between the government and Organised Labour stalled last Tuesday when the Federal Government and the Organised Private Sector raised their wage offer to ₦60,000, up from an initial ₦57,000, which Labour dismissed as inadequate. According to several sources from the Trade Union Congress and Nigeria Labour Congress who spoke…

The National Agency for Food, Drug Administration and Control, on Friday, arraigned a 40-year-old businessman, Chinedu Okafor, before the Federal High Court in Lagos, for allegedly producing fake aromatic Schnapps and fruit juice wines. Justice Ambrose Lewis-Allagoa ‘Sky Blue Company’ is facing an eight-count charge bordering on manufacturing, dealing, selling distributing, and having unwholesome processed food. The prosecution counsel, A. Ali, told the court that Okafor was arrested on April 26, at his residence of 4, 1st MTN Road, Badagry, in Lagos State, where he was allegedly producing and processing Apple Multi Fruit Juice Wine, Eagle Aromatic Schnapps and Lord’s…

The Abuja Electricity Distribution Company has listed 27 Ministries, Departments and Agencies(MDAs) with unpaid electricity bills. The power company stated in a notice on Saturday that it will disconnect all clients who do not settle their debts by Monday, June 3. The customers include the Nigeria Army, Nigeria Airforce, Kogi State Government, and Niger State Government among others. The notice reads: “This is to inform the general that AEDC will disconnect all customers with outstanding electricity bills on June 3, 2024. “Timely payment of electricity bills is crucial for the continued operation and enhancement of AEDC’s infrastructure, ensuring we can…

Fulham and Super Eagles player, Alex Iwobi, has shared his thoughts on Nigerians, describing them as ‘loud’. He mentioned that Nigerians have distinct characteristics that set them apart such as being very expressive, particularly the Yorubas. He disclosed this during a recent interview with Kiss Fresh in London, UK. The host asked: “What do you love about Nigerians and being Nigerian?” Iwobi replied: “You can smell a Nigerian from a mile away. Our mannerisms are so Nigerian, especially Yoruba people. Yoruba people are so loud. “My favourite thing about the country is that everyone is so welcoming, rich in hospitality…

Rivers Governor Siminalayi Fubara has declared that God has removed all obstacles against his administration. Fubara said his administration would  continue to prioritise the interest of Rivers people in the governance of the state under the mantra, Rivers First. He called on all well-meaning Rivers people to continue to support and contribute their quota to making the administration achieve its vision of advancing the fortunes of the state in his government. Fubara spoke during the Praise Night organised by the State Government to mark his first anniversary at the Obi Wali International Conference Centre, Port Harcourt on Friday night. The…