Author: Casey Ayodeji
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Nigeria Signs $2.5 Billion Livestock Deal With Brazil’s JBS
President Bola Tinubu has sealed a landmark deal with JBS S.A., one of the world’s largest meat processing companies, during a ceremony in Rio de Janeiro, Brazil on Thursday. The partnership aims to transform Nigeria’s $2.5 billion livestock sector while addressing long-standing farmer-herder conflicts that have plagued the nation. Speaking at the signing ceremony, President…
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Naira Falls to N1,750 Against Dollar in Parallel Market, Gains in Official Window
The Nigerian Naira showed mixed performance across different markets on Friday, depreciating to N1,750 per dollar in the parallel market while strengthening in the official Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ revealed that the Naira gained N6.05 in the official window, closing at N1,652.62 per dollar compared to Thursday’s rate of N1,658.67.…
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NERC Orders DisCos to Provide 20-Hour Daily Power Supply to BAND A Customers
The Nigerian Electricity Regulatory Commission (NERC) has issued a directive requiring electricity distribution companies (DisCos) to guarantee 20 hours of daily power supply to Band A customers. Speaking on Channels Television’s Morning Brief, NERC Commissioner for Licensing and Legal, Dafe Akpeneye, emphasized that DisCos must take immediate action to downgrade customers when they cannot consistently…
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Wizkid Drops New Album ‘Morayo’ in Tribute to Late Mother
Nigerian superstar Wizkid has released his highly anticipated sixth studio album “Morayo” (“I see joy” in Yoruba) today, marking his first full-length project since 2020’s “More Love, Less Ego.” The 16-track album, released through Starboy Entertainment and RCA Records, serves as a tribute to his mother Juliana Morayo Balogun, who passed away in August 2023.…
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71 Percent of Nigerian Households Cannot Afford Healthy Food, NBS Reports
A survey by the National Bureau of Statistics (NBS), supported by the World Bank, has revealed an alarming deterioration in Nigerian households’ access to nutritious food, with approximately two-thirds of families unable to maintain healthy diets due to financial constraints. The report, titled “Nigeria General Household Survey – Panel Wave 5 (2023/2024),” shows an increase…
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Sanwo-Olu Presents Record N3trn Budget for 2025 Fiscal Year
Lagos State Governor Babajide Sanwo-Olu has presented an ambitious 3 trillion naira budget proposal to the State House of Assembly for the 2025 fiscal year, marking a 32.5 percent increase from the current year’s 2.3 trillion naira budget. The proposal, dubbed the “Budget of Sustainability,” demonstrates the state’s commitment to economic growth and infrastructure development.…
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Atiku Warns Against ‘Bone-Crushing’ National Debt as Tinubu Seeks Fresh Loans
Former Vice-President Atiku Abubakar has raised alarm over Nigeria’s mounting debt profile, describing the current administration’s borrowing as putting “insufferable” pressure on the country’s economy. His comments follow a World Bank report ranking Nigeria as the third most indebted country to the International Development Association (IDA). The former PDP presidential candidate particularly criticized the government’s…
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Yobe Hisbah Destroys N450,000 Worth of Alcohol
The Yobe State Hisbah Board has carried out the destruction of over 170 bottles of alcoholic beverages valued at N450,000 in Gashua, Bade Local Government Area, following a raid on a local hotel. Ibrahim Babagana Yurema, Chairman of Bade Local Government Area, who led the operation, emphasized the board’s determination to curb alcohol sales and…
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ICC Issues Arrest Warrants for Netanyahu, Hamas Leader Over Gaza War Crimes
The International Criminal Court (ICC) has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu, former Defense Minister Yoav Gallant, and Hamas leader Ibrahim Al-Masri for alleged war crimes and crimes against humanity in the Gaza conflict. The court found “reasonable grounds” to believe Netanyahu and Gallant were criminally responsible for acts including murder, persecution,…
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Nigeria’s Ajibade, Nnadozie Make CAF Women’s Player of the Year Shortlist
In a surprising development, Nigerian football star Asisat Oshoala has been left out of the Confederation of African Football’s (CAF) Women’s Player of the Year award shortlist for the first time in ten years. The announcement came as CAF unveiled its 10-name shortlist for the 2024 awards on Wednesday night. Nigeria maintains strong representation through…