Author: Ifetayo Adeniyi

Sports Crisis: Tinubu Pledges Full Budget Support from 2026 Elegbede Abiodun * This news got endorsement from the sports community and stakeholders. President Bola Ahmed Tinubu has announced a comprehensive restructuring of Nigeria’s sports financing system, instructing federal ministries to guarantee that starting with the 2026 budget cycle, sufficient funding for sporting facilities, development programs, competitions, and international events will be allocated and disbursed without delay. The President’s declaration came as he celebrated Nigeria’s extraordinary sports performance in 2025, during which Nigerian athletes secured 373 medals across multiple sporting disciplines. The nation’s sporting triumphs ranged from individual track and…

Ecobank 2025 Profit Climbs Strongly on Rising Income Ecobank Transnational Incorporated (ETI) reported strong full-year financial results for the period ending 31 December 2025, driven by substantial growth in core revenue lines. The bank posted a profit before tax of N1.27 trillion in 2025, representing a significant increase compared with N986.6 billion in the prior year. This performance reflects solid operating and revenue momentum against a challenging macroeconomic backdrop. Interest income emerged as a primary contributor to the year’s results. Total interest income climbed to N3.1 trillion, up from N2.7 trillion in 2024, as the bank benefited from higher…

Trump reveals video depicting Obamas as monkeys U.S. President Donald Trump. (Photo by Anna Moneymaker / Getty Images via AFP) US President Donald Trump raised the dust on Friday after he posted a video depicting Barack Obama, the first Black president in American history, and his wife Michelle as monkeys. Top Democrats condemned the post as “racist,” even as the White House rejected what it called “fake outrage” and said the video posted late Thursday on Trump’s Truth Social account was from an “internet meme.” Near the end of the one-minute-long video promoting conspiracies about Republican Trump’s 2020 election loss,…

UAC of Nigeria PLC Lists ₦54.03 Billion Bond On FMDQ Exchange Platform, Thereby Expanding Access To Capital Elegbede Abiodun In furtherance of its commitment to advancing Nigeria’s debt capital markets and facilitating sustainable economic development, FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”) has approved the listing of UAC of Nigeria PLC’s ₦54.03 billion Series 1 7-Year 17.35% Fixed Rate Bond under its ₦150.00 billion Issuance Programme. This approval, granted by the Exchange’s Board Listings and Markets Committee, underscores the Exchange’s pivotal role in enabling corporate entities to access long-term capital through transparent and well-regulated debt instruments. UAC…

JOHESU cuts off 84-day old nationwide strike after agreement with FG Elegbede Abiodun • Noted federal government reportedly lost close to one trillion naira in revenue during the strike period. The Joint Health Sector Unions (JOHESU) on Friday announced the suspension of its 84-day nationwide strike following agreements reached with the Federal Government. This is contained in a communiqué jointly signed by JOHESU National Chairman, Mr Kabiru Ado-Minjibir, and National Secretary, Mr Martin Egbanubi, in Abuja. The union said the decision followed resolutions reached at an emergency expanded National Executive Council (NEC) meeting. It said the meeting was convened…

Tinubu Congratulates Pate, Anna Makanju On Inclusion In Devex Power 50 List For 2026 Anna Adeola Makanju President Bola Tinubu has lauded two influential Nigerians, Prof. Muhammed Ali Pate, Coordinating Minister of Health and Social Welfare, and Anna Adeola Makanju, Vice President, Global Impact, Open AI, on their nominations to the Devex Power 50 List for 2026. The two were selected, along with 48 others, including Ghana’s President John Mahama, for their role in shaping global development. President Tinubu praised Pate and Makanju for their significant contributions to global development, stating that their recognition was well-deserved and they have made…

AU To Host Continental Naval Exercise In 2027, Asks For Nigerian Navy’s Support Elegbede Abiodun … boosting cooperation among African Navies. The African Union Commissioner for Political Affairs, Peace and Security (AU CPAPS), Ambassador Bankole Adeoye, has sought the support of the Nigerian Navy to host pan-African naval exercise in 2027 to enhance cooperation among African navies. He made the appeal on Friday during a courtesy visit to the Chief of the Naval Staff, Vice Admiral Idi Abbas, at Naval Headquarters in Abuja. A statement by the Naval Spokesman, Captain AA Folorunsho, said Ambassador Adeoye congratulated Vice Admiral Abbas…

Globacom Deepens Commitment to Public Safety and Shared Prosperity, Donates ₦1 Billion to LSSTF By Elegbede Abiodun In a landmark gesture underscoring its enduring commitment to national development and public safety, Globacom has donated ₦1 billion to the Lagos State Security Trust Fund (LSSTF), to strengthen security infrastructure across Nigeria’s commercial capital. The contribution stands among the most significant private-sector interventions from the telecommunications industry to the Fund in recent years and reinforces Globacom’s position as a responsible and patriotic corporate citizen. The donation follows Globacom’s participation in the LSSTF-organised Private Sector Breakfast Meeting with CEOs, hosted by the…

Manny Ita  – The Nollywood feature film Oversabi Aunty has officially surpassed ₦1 billion in cumulative earnings at the Nigerian box office, marking a major commercial milestone and reinforcing its place among the highest-grossing films in the history of the country’s cinema industry. Box office tracking figures compiled from cinemas nationwide show that the film crossed the landmark weeks after its theatrical release, driven by sustained audience turnout and strong repeat viewership. Industry analysts say the performance reflects growing confidence in locally produced films and the expanding commercial capacity of Nollywood. Producers of the film confirmed the milestone in a…

Manny Ita  – The All Progressives Congress has reconstituted its National Convention Committee, with former Katsina State Governor Aminu Bello Masari appointed as Chairman, replacing Imo State Governor Hope Uzodimma in a key shake-up ahead of the party’s forthcoming convention. The reconstitution was approved at a meeting of the party’s National Executive Committee, according to sources familiar with the decision. Former Senate President Anyim Pius Anyim and Kwara State Governor AbdulRahman AbdulRazaq were named as Vice Chairmen of the committee, reinforcing what party officials described as a move to strengthen internal coordination and widen political balance. A senior APC official…