Author: Ifetayo Adeniyi

Burkina Faso Ibrahim Traore thwarts coup plot Captain Ibrahim Traore * Claimed both active and retired soldiers involvement. Burkina Faso’s military-led government has announced that it successfully foiled what it described as a “major coup plot” targeting junta leader, Captain Ibrahim Traoré, according to a report by the BBC on Tuesday. Burkina Faso’s Security Minister, Mahamadou Sana, disclosed in a televised address on Monday that both active and retired soldiers, allegedly working in coordination with terrorist groups, had conspired to storm the presidential palace. The group, reportedly planned to execute the attack last week. Sana claimed that the objective was…

Nigeria’s economic growth fallen short of expectation – IMF International Monetary Fund Nigeria’s economic growth fallen short of expectation – IMF * Account balance to drop from GDP 9.1 per cent to 5.2 in coming year The International Monetary Fund has revised Nigeria’s 2025 economic growth forecast downward by 0.2 percentage points, citing lower oil prices as a key reason for the adjustment. In its latest April 2025 World Economic Outlook report published on its website on Tuesday, the IMF said Nigeria’s real GDP is now projected to grow by 3.0 per cent in 2025, down from an earlier forecast…

Gbenga Daniel, GFF Unveil Loyalty Card Initiative in Ogun East * With aim to provide palliative support for vulnerable people. The Gateway Front Foundation (GFF), in strategic collaboration with Otunba Gbenga Daniel (OGD), on Tuesday, April 22, 2025, came up with its boldest intervention yet — the 2025–2030 Food Security & Humanitarian Funding Initiative, in a landmark move to combat hunger and strengthen humanitarian support systems. The five-year roll-on program, unveiled in Ijebu North East Local Government Area, aims to provide consistent and tech-driven palliative support for vulnerable populations. The initiative is tailored to align with President Bola Ahmed Tinubu’s…

Meeting between Tinubu, Fubara; conditions to fulfill. Siminalayi Fubara Meeting between Tinubu, Fubara; conditions to fulfill * Fubara’s Easter message emphasizes unity and support for Tinubu’s Renewed Hope Agenda. President Bola Ahmed Tinubu is facing intense pressure to revoke the state of emergency imposed on Rivers State, with sources revealing that he has laid out stringent conditions for Governor Siminalayi Fubara’s possible reinstatement. Tinubu, who has been on an unofficial visit to France for about three weeks, reportedly made a discreet trip to London to hold a closed-door meeting with the suspended governor. Investigations by The Southern Examiner indicate that…

The Upright Man: A Brief Story of Thomas Sankara In the heart of West Africa, a young army captain named Thomas Sankara rose not with guns blazing, but with ideas sharper than swords. In 1983, at just 33 years old, he became the President of Burkina Faso, a country whose name he would soon change from “Upper Volta” to a name meaning “Land of Upright People.” Sankara wasn’t your ordinary head of state. He rode a bicycle to work, cut his own salary, and banned government officials from driving luxury cars. He rejected foreign aid that came with strings attached…

Money supply, despite CBN’s tightening measures, hits N114tn. Naira notes Money supply, despite CBN’s tightening measures, hits N114tn. Nigeria’s broad money supply rose to N114.22tn in March 2025 despite aggressive monetary tightening by the Central Bank of Nigeria, which raised the Cash Reserve Ratio to an unprecedented 50 per cent. The latest money and credit statistics released by the apex bank show that the March figure represents a 24 per cent increase when compared to N92.19tn recorded in the same month of 2024. On a month-on-month basis, the figure also rose by 3.2 per cent from N110.71tn in February. The…

APC, NASS to ensure Nigerians in diaspora participate in vote at elections — Ganduje APC National Chairman, Abdullahi Ganduje APC, NASS to ensure Nigerians in diaspora participate in vote at elections * Ganduje unveils a new executive committee for the France chapter. The National Chairman of the All Progressives Congress, APC, Dr. Abdullahi Ganduje, has hinted that the ruling party is working closely with the National Assembly to ensure that Nigerians in the diaspora vote during elections. Ganduje stated this while unveiling a new executive committee for the France chapter of the party in Paris At the event which took…

Tinubu lauded for removal of S-East marginalisation —Umahi Minister of Works, David Umahi Tinubu lauded for removal of S-East marginalisation —Umahi … having “equitable distribution of the dividends of democracy.” Minister of Works, Senator David Umahi, has stated that President Bola Tinubu has broken the long-standing jinx of marginalisation suffered by the South-East Region in Nigeria’s political and infrastructural landscape. Umahi made the declaration over the weekend during a civic reception organised in his honour by the Okposi Okwu community in the Ohaozara Local Government Area of Ebonyi State. The community recognised the minister for his contributions to social harmony,…

Tariffs: World finance leaders meet in Washington for trade talks, China warns Tariffs: World finance leaders meet in Washington for trade talks, China warns * Increase in tariffs needs seeking ways to minimise the economic adversity. Finance leaders from around the world are gathering in Washington this week for the semi-annual meetings of the International Monetary Fund (IMF) and World Bank Group. Meanwhile, China has issued a strong warning, declaring it would retaliate against any country that aligns with the United States’ efforts to isolate Beijing, as the trade war between the two global economic superpowers deepens and begins to…

Nasdaq: CBN, NGX Group unite to unveil Nigeria’s reform-driven growth Olayemi Cardoso CBN, NGX Group unite to unveil Nigeria’s reform-driven growth *… points to importance of strong partnership between the CBN and Nigerians in diaspora. To attract global capital and enhance investor’s confidence, Nigeria’s top financial leaders presented a unified front at a strategic investment forum hosted at the Nasdaq MarketSite in New York. The event, according to a statement from the Nigerian Exchange Plc, NGX Group, was organized by the Central Bank of Nigeria (CBN) in collaboration with Nigerian Exchange Group (NGX Group), JPMorgan, and the African Private Capital…