Author: Ifetayo Adeniyi

FG starts dualisation of Lokoja-Benin road Umahi FG starts dualisation of Lokoja-Benin road. The federal government has launched the dualization of the Obajana Junction-Benin Road following the termination of contracts for Sections II, III, and IV last year due to non-performance and expiration of contract terms. The previously revoked contracts were re-awarded, and construction was officially flagged off in Ekpoma, Edo State, on Wednesday. Minister of Works, Sen. David Umahi, disclosed that after briefing President Bola Tinubu on the road’s condition, the President ordered a permanent solution using Continuously Reinforced Concrete Pavement (CRCP) technology, which guarantees durability for 50-100 years.…

Tinubu Applauds IBB For Accepting MKO Abiola As Winner Of June 12 Elections Tinubu has applauded IBB for finally accepting MKO Abiola as winner of June 12 elections. President Bola Tinubu, on Thursday in Abuja, said former President Gen. Ibrahim Badamosi Babangida showed unusual courage and patriotism by admitting that late M.K.O. Abiola won the June 12 election in 1993. The President, who was the Special Guest of Honour at the launch of Babangida’s autobiography, ” A Journey in Service,” and the fundraising for the IBB Presidential Library Project, saluted the former leader’s contribution to the country’s history and development.…

Forbes Ranking: Dangote,World’s 86th Wealthiest Person, 1st in Africa Aliko Dangote Forbes Ranking: Dangote,World’s 86th Wealthiest Person, 1st in Africa Billionaire businessman Aliko Dangote has seen his wealth nearly doubled to $23.9 billion, according to Forbes, which ranks the Nigerian entrepreneur as the wealthiest person in Africa and 86th in the world. Forbes had ranked Aliko Dangote as the 144th richest person in the world in 2024 with $13.4 billion. Forbes estimates Dangote’s net worth at $23.9 billion, primarily due to his 92.3 percent stake in Dangote Petroleum Refinery & Petrochemicals. At 67 years old, Dangote is once again one…

CBN maintains 27.5% interest rate CBN gov, Yemi Cardoso. CBN has maintained 27.5% interest rate. The Monetary Policy Committee of the Central Bank of Nigeria has retained the country’s interest rate at 27.50 per cent. The Governor of CBN, Olayemi Cardoso, disclosed this during a press briefing on Thursday after the 299th MPC meeting in Abuja. “The Committee was unanimous in its agreement to hold all parameters,” he said. This pause in rate comes after six consecutive hikes recorded in 2024.

IBB restored Gowon’s rank, honour Gowon and IBB IBB restored Gowon’s rank and honour while in the military. Former Head of State, Gen. Yakubu Gowon (retd.), has expressed thanks to the ex-military president, Ibrahim Babangida, for restoring his rank and honour. Speaking at a book presentation by the former military president on Thursday in Abuja, Gowon acknowledged that Babangida saved him from treason charges. The elder statesman also appreciated Babangida for their long-standing friendship and his contributions to Nigeria’s development. Gowon said, “I had a very rough time in government; I was even charged with treason. Later, President Shagari rescinded…

True confession: June 12 1993 election was won by Abiola – Babangida Retired General Ibrahim Badamasi Babangida True confession: June 12 1993 election was won by Abiola – Babangida Nigeria’s former Military President, retired General Ibrahim Badamasi Babangida, has said that late Basorun Moshood Kashimawo Olawale Abiola, won the June 12, 1993 presidential election. General Babangida said this in his autobiography: “A Journey in Service,” which was launched in Abuja on Thursday. Nigeria’s former Military President, retired General Ibrahim Badamasi Babangida, has said that late Basorun Moshood Kashimawo Olawale Abiola, won the June 12, 1993 presidential election. General Babangida said…

Gov plans to increase Band A customers, power generation hits 5,543MW Gov plans to increase Band A customers, power generation hits 5,543MW. The Federal Government has revealed that it is interested in moving most electricity consumers in Nigeria to Band A where they will enjoy a minimum of 20 hours of electricity supply daily. It disclosed this on Wednesday as the Transmission Company of Nigeria announced a major milestone in the nation’s power sector, revealing that Nigeria has achieved a new peak power generation of 5,543.20 megawatts. This landmark event occurred on Friday, February 14, 2025, at precisely 11:00 PM,…

FG places ban on 60,000 litres tankers nationwide from March Ogbugo Ukoha FG places ban on 60,000 litres tankers nationwide from March Nigerian Midstream and Downstream Petroleum Regulatory Authority Executive Director, Distribution System, Storage and Retailing Infrastructure, Ogbugo Ukoha The Federal Government has announced a ban on trucks carrying over 60,000 litres of hydrocarbon products from loading at depots and travelling on federal roads, effective from March 1, 2025. It also announced that from the Fourth Quarter of 2025, no truck carrying more than 45,000 litres of petroleum products shall be allowed to load from the depots. The Nigerian Midstream…

Trump plans to eradicate IRS, shift tax burden to outsiders — US official Trump plans to eradicate IRS, shift tax burden to outsiders — US official United States Commerce Secretary, Howard Lutnick, has said President Donald Trump’s goal is to ‘abolish’ the Internal Revenue Service. Lutnick, who disclosed this to Fox News on Wednesday, said Trump wants all outsiders to pay. His remarks comes as the IRS is reportedly poised to lay off thousands of workers, build on a pledge Trump made to create an “External Revenue Service” to oversee tariffs…

Microsoft sets plan for AI training of one million Nigerians Microsoft Microsoft sets plan for AI training of one million Nigerians. Microsoft has announced plans to invest $1m over the next two years to accelerate Artificial Intelligence skill development for one million Nigerians, aiming to foster digital innovation and economic empowerment. Microsoft’s Country Manager for Nigeria, Ola Williams, made this disclosure on Wednesday during the launch of the Microsoft AI Tour in Lagos. “This is a strategic investment to ensure that Nigerians have access to the critical skills needed not just to use AI but to develop cutting-edge solutions and…