Author: Ifetayo Adeniyi

Electricity generation increased to 4,300MW from 3,951MW — FG FILE: Minister of Power, Adebayo Adelabu. The Federal Government on Sunday announced that electricity generation rose from 3,951MW to 4,300MW between March 28 and April 10. The development was disclosed in a statement issued in Abuja by the Special Adviser to the Minister of Power on Strategic Communications and Media Relations, Mr Bolaji Tunji. Tunji said the gradual rise in generation output within the period aligns with the assurance earlier given by the Minister of Power, Mr Adebayo Adelabu, at the Power Sector Working Group, where he pledged improved electricity…

CBN Governor, Olayemi Cardoso The naira strengthened by 1.58 per cent at the official market this week to close at N1,359.32/$, indicating signs of improving foreign exchange (FX) liquidity and stabilising market sentiment, even as broader financial markets reflected a mix of cautious positioning and selective optimism. At the parallel market, the local currency also recorded a modest gain of 0.36 per cent to close around N1,373/$, suggesting a gradual narrowing of market arbitrage. The currency’s performance comes amid sustained efforts by the Central Bank of Nigeria (CBN) to boost liquidity alongside increased participation from foreign investors seeking to take…

Manny Ita  – Nasarawa University in Nigeria has conferred an honorary doctorate degree on Tanzanian President Samia Suluhu Hassan in recognition of her leadership record, governance reforms, and contributions to regional diplomacy and development in Africa. The award ceremony was conducted online on April 11, 2026, with President Samia participating virtually from Tanzania. University officials stated that the honour reflects her influence in promoting political stability, strengthening institutions, and advancing socio-economic reforms in her country. According to the university, the decision also considered her efforts in expanding women’s representation in leadership and governance, as well as her role in enhancing…

Taiwo-Oyedele Reforms challenges may require adjustments over time. The Federal Government has reported early gains from its new tax reforms, with a sharp rise in business registrations and a significant increase in the number of Nigerians captured in the tax system. The Minister of State for Finance, Taiwo Oyedele, disclosed this in a message shared on his WhatsApp platform on Sunday, stating that the reforms are already changing how individuals and businesses interact with the tax system. According to him, thousands of informal businesses are now approaching the Corporate Affairs Commission daily for formal registration, a development he said points…

Manny Ita  – Toyota Motor Corporation has recorded strong initial demand for its newly launched bZ7 electric vehicle in China, receiving more than 3,000 orders within the first hour of sales, according to reports from the launch. The model, developed by Toyota Motor Corporation, was introduced as a premium electric SUV aimed at competing in China’s rapidly expanding EV market. The vehicle was developed with technology contributions from Chinese tech firms including Xiaomi, Momenta, and Huawei. Pricing for the bZ7 reportedly ranges from approximately 147,800 to 199,800 yuan, positioning it in the mid-to-upper segment of the market while maintaining relatively…

Manny Ita  – The Obama Foundation has announced that Nigerian-born artist Njideka Akunyili Crosby, daughter of the late former NAFDAC Director-General Dora Akunyili, has been commissioned as part of the final group of artists selected for the upcoming Obama Presidential Center campus opening scheduled for June 19 in Chicago, United States. According to a statement released by the Foundation, the selection forms part of the expanded art programme for the Obama Presidential Center, which will feature both established and emerging artists whose works align with its civic engagement and public art objectives. The initiative is overseen by the Obama Foundation,…

OPay, a leading financial institution in Nigeria, has been awarded The Most Trusted Quality Mobile Money and Digital Financial Services Company of the Year at the 2026 ISO World Corporate Brand of the Year Award. This recognition reaffirms OPay’s strong reputation and the trust tens of millions of Nigerians have in its services. The award ceremony, held on Thursday, April 9, 2026, at the Providence Hotel, Ikeja, Lagos, brought together leading companies making a positive impact across different industries. The organisers, ISO World Consult, noted that the selection was based on an outstanding 4.6 from online referrer rating and also…

Manny Ita  – Donald Trump has defended controversial remarks in which he warned that “a whole civilisation” could be destroyed in Iran, insisting he stands by the statement despite widespread criticism. The comments stem from a post on his Truth Social platform, where Trump suggested that escalating tensions involving Iran could lead to catastrophic consequences. The message, which quickly drew global attention, was interpreted by critics as an alarming escalation in rhetoric regarding potential conflict in the region. Speaking during an interview with Maria Bartiromo on Fox News’ “Sunday Morning Futures,” Trump was asked directly about the backlash surrounding his…

Manny Ita  – Reports indicate heightened police activity across parts of Lagos following the killing of a suspected cult figure and the arrest of individuals linked to related criminal networks, as authorities intensify operations against cultism and violent crime. According to the police, a suspected leader of the Buccaneers cult group, identified as Adedipe Adeyinkan, was shot dead in the Iponri area of Surulere on April 11 after gunfire was reported near the National Stadium Bridge. Police operatives responding to the incident found the victim with gunshot wounds inside a vehicle and rushed him to hospital, where he was confirmed…

Manny Ita  – Nigeria’s rising debt profile has come under renewed scrutiny following the approval of a fresh $6 billion external loan by the National Assembly, a move projected to significantly increase the country’s total public debt. The Senate approved the loan request submitted by President Bola Tinubu to finance budget deficits, support infrastructure development and refinance existing obligations, underscoring the government’s continued reliance on borrowing to fund fiscal operations. Available data indicates that Nigeria’s total debt stock, which stood at about ₦146.69 trillion at the end of 2025, is expected to rise to approximately ₦155 trillion after the new…