By Ayomide Otitoju Lagos State Governor Babajide Sanwo-Olu has suspended his Senior Special Assistant on Print Media, Wale Ajetunmobi, following a controversial post on his personal X (formerly Twitter) account. The suspension was due to Ajetunmobi’s “misrepresentation of facts” related to a past incident, according to a statement by the governor’s Special Adviser on Media…
A major fire broke out Tuesday at Japan’s Tanegashima Space Center, following a combustion test of a solid-fuel Epsilon S rocket. The blaze, visible for miles, sent towering flames and thick smoke into the sky. Fortunately, there were no reported injuries from the incident, which occurred in a remote area of Kagoshima in southern Japan….
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has requested an additional ₦1.19 trillion subsidy refund for July 2024, citing exchange rate differentials and joint venture taxes related to Premium Motor Spirit (PMS) imports. This follows an earlier claim that exchange rate differentials stood at ₦5.31 trillion by July 2024, up from ₦4.56…
By Ayomide Otitoju Former spokesperson for the Peoples Democratic Party (PDP), Kola Ologbondiyan, has criticized the economic policies of President Bola Ahmed Tinubu’s administration, particularly the removal of fuel subsidies and the floating of the naira. He described these decisions as crippling the Nigerian economy. Speaking as a guest on Channels Television’s The Morning Brief…
By Ayomide Otitoju Nigeria’s Gross Domestic Product (GDP) expanded by 3.46% year-on-year in real terms during the third quarter (Q3) of 2024, according to the latest data from the National Bureau of Statistics (NBS). The growth reflects an improvement from 2.54% recorded in Q3 2023 and the 3.19% achieved in Q2 2024. Aggregate GDP at…
The British government on Monday imposed sanctions on 30 ships linked to Russia’s “shadow fleet,” raising the total number of restricted vessels to 73. The move, described as the UK’s most extensive sanctions package against Moscow to date, aims to counter Russia’s efforts to bypass export bans and oil embargoes that fund its war in…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reaffirmed its commitment to increasing Nigeria’s crude oil production to 2 million barrels per day (bpd) and beyond by the end of 2024. This was disclosed on Monday by NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, in response to reports alleging discrepancies between…
The United Nations Children’s Fund (UNICEF) has raised alarm over a sharp increase in the recruitment of children by armed groups in Haiti, reporting a staggering 70% rise within the past year. Children now make up almost half of gang membership in the violence-stricken Caribbean nation, according to a statement released on Sunday. Haiti, grappling…
By Ayomide Otitoju Zenith Bank Plc has officially unveiled its iconic annual Christmas decorations along Ajose Adeogun Street and Roundabout in Victoria Island, Lagos, marking the start of the festive season. The grand Light-Up ceremony, held on Saturday, was launched by the Group Managing Director/Chief Executive of Zenith Bank Plc, Adaora Umeoji. This initiative, now…
