Author: Ade
Ade
Ade is consistent in the world of politics, tech and entertainment. He is really updated on the recent happenings in the world and has a skin in the game.
In a pivotal move, the Peoples Democratic Party (PDP) is gearing up for its state congresses, setting the stage for what is expected to be a fierce battle for control within the party. Following the National Executive Committee’s (NEC) decision to retain Ambassador Umar Damagum as the Acting National Chairman, the party’s focus has now dramatically shifted to the local level where the real power dynamics play out.Damagum’s Retention: A Strategic VictoryThe retention of Umar Damagum by the NEC marks a significant victory for the factions within PDP loyal to Nyesom Wike, the Minister of the Federal Capital Territory (FCT).…
April 20, 2024, Abuja, Nigeria – Vice President Kashim Shettima recently assured the nation that the administration under President Bola Tinubu is making significant strides in addressing the ongoing challenges in the power sector and stabilizing the Nigerian economy. This declaration came during a meeting with officials from the Lagos Chamber of Commerce and Industry (LCCI) held at the Presidential Villa in Abuja.Insights on Economic Strategies and Forex StabilizationEnding the Fuel Subsidy and Unifying Exchange RatesDuring the discourse, VP Shettima highlighted key economic reforms initiated by the Tinubu administration aimed at economic stabilization, including the controversial ending of the fuel…
The Nigerian Naira has fallen to a six-day low, reaching its weakest since April 8, as pressures mount on the country’s foreign exchange market. The official exchange rate, which saw a slight recovery in mid-April, experienced a significant drop at the end of the week, reflecting ongoing economic vulnerabilities.Rate Movements and Market DynamicsOn Wednesday, the exchange rate at the official window was bolstered to N1,072.4 per dollar, marking the lowest rate since January 2024, largely due to increased Central Bank sales to Bureau De Change (BDC) operators. However, this recovery was short-lived as the rate plummeted by 8.3% within just…
April 19, 2024, New York City, NY — In a remarkable display of endurance and commitment, Nigerian chess master Tunde Onakoya continues his bid to set a new world record for the longest chess marathon, despite battling severe stomach upset. The event, taking place in the bustling atmosphere of Times Square alongside American chess player Shawn Martinez, aims to raise $1 million for children’s education in Africa.Health Challenges During the Marathon Onakoya’s journey through this record-setting attempt has not been without significant physical trials. During the marathon, which has now exceeded 50 hours of continuous play, Onakoya suffered from intense…
April 20, 2024, Ondo State, Nigeria – Dr. Banji Ajaka, the Ondo State Commissioner for Health, was reportedly assaulted to the point of unconsciousness during the All Progressives Congress (APC) governorship primary held last Saturday. The incident occurred in Ugbo Ward 3 of the Ilaje Local Government Area, where Dr. Ajaka was overseeing the primary elections.Incident Details The violence reportedly erupted after allegations arose that Dr. Ajaka was withholding the result sheet for the elections. Eyewitnesses claim that members of the APC, specifically supporters of one of the gubernatorial aspirants, became enraged when they could not access the election outcomes…
April 19, 2024, Abuja, Nigeria – In a significant move to enhance the regulatory framework of Nigeria’s capital markets, President Bola Tinubu has appointed new leadership figures to the Securities and Exchange Commission (SEC). These strategic appointments aim to bolster the efficiency, transparency, and effectiveness of the SEC, aligning it more closely with international standards and reinforcing investor confidence in Nigeria’s financial markets.Emomotimi Agama as Director-General Emomotimi Agama has been appointed as the new Director-General of the SEC. With a deep background in financial regulation and compliance, Agama is expected to lead the SEC with a focus on enforcing securities…
April 19, 2024, Abuja, Nigeria – The latest economic forecasts by the International Monetary Fund (IMF) signal a significant shift for Nigeria, as the nation is predicted to fall from its status as Africa’s largest economy in 2022 to the fourth largest this year. This decline is attributed to a series of currency devaluations that have severely impacted Nigeria’s economic metrics.Detailed Overview of Nigeria’s Economic DeclineFrom First to Fourth: A Steep Decline According to the IMF’s World Economic Outlook as reported by Bloomberg, Nigeria’s Gross Domestic Product (GDP) is estimated at $253 billion based on current prices this year. This…
April 20, 2024 – In a recent interview with MARCA, former Real Madrid star Mesut Ozil has expressed his high expectations for Jude Bellingham, suggesting that the young midfielder has the potential to win the Ballon d’Or if he continues his current trajectory in football. Ozil’s endorsement adds significant weight to Bellingham’s growing reputation as one of the brightest talents in world soccer.Bellingham’s Rise to ProminenceExceptional Performances at Real Madrid At just 20 years old, Jude Bellingham has become a central figure at Real Madrid, donning the prestigious no. 5 jersey. His performances have not only earned him critical acclaim…
At a recent academic gathering at Usmanu Danfodiyo University, National Security Adviser (NSA) Nuhu Ribadu offered an in-depth analysis of the current administration’s efforts under President Bola Ahmed Tinubu to counter the multifaceted security challenges facing Nigeria. During a pre-convocation lecture on Thursday, Ribadu outlined the pivotal components and early successes of President Tinubu’s “Renewed Hope Agenda,” emphasizing its comprehensive approach to national security.Understanding the “Renewed Hope Agenda”Strategic Enhancements to Security InfrastructureRibadu praised the strategic overhauls and enhancements that have been integral to bolstering the nation’s security framework. The “Renewed Hope Agenda,” as explained by the NSA, prioritizes strengthening the…
NEW YORK, April 19, 2024 — Tunde Onakoya, a prominent Nigerian chess master and the founder of Chess in Slums Africa, is currently undertaking a marathon chess session in Times Square, aiming to set a new Guinness World Record for the longest chess game. This record attempt is not just a test of stamina and skill but also a significant fundraising initiative to support educational opportunities for underprivileged children across Africa.Breaking Records to Build FuturesA Duel for the Record BooksOnakoya’s quest began on Wednesday, April 17, 2024, at 11:30 AM EST and is projected to conclude on Friday. He aims…