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.
The Federal Government has announced a massive infrastructure project: the construction of a brand new coastal highway stretching from Lagos to Calabar. This ambitious undertaking, revealed by the Minister of Works, Dave Umahi, promises to significantly improve connectivity between the country’s major southern cities. Eight Years to Completion Minister Umahi, speaking on Channels Television’s “The Morning Brief” program, stated that the project is expected to take eight years to complete, falling within the current presidential term of President Bola Tinubu. This timeline highlights the significant scale of the construction and the transformative impact it aims to achieve. Cost and Transparency…
Nigerian Airline’s Entry Sparks Competition, Slashing Ticket Prices Nigerians traveling to London are rejoicing as a price war has erupted between domestic carrier Air Peace and established foreign airlines. This development comes after Air Peace launched direct flights on the lucrative Lagos-London route on March 30th, 2024. Foreign Airlines Scramble to Compete Prior to Air Peace’s entry, foreign airlines dominated the route, charging exorbitant prices that could reach up to N3.5 million (around $2,800) for a round-trip economy ticket. However, Air Peace’s competitive pricing strategy, with round-trip economy fares starting at N1.2 million (around $960), forced a swift response from…
In a decisive move aimed at strengthening the Nigerian currency, the Economic and Financial Crimes Commission (EFCC) has issued a stark warning to businesses across Nigeria. This directive, emphasized by EFCC Chairman Ola Olukoyede, mandates that all domestic transactions should be conducted exclusively in Naira, effectively banning the practice of charging for goods and services in dollars. This policy is set to impact various sectors including schools, hotels, supermarkets, and real estate developers.The Legal Framework Against DollarizationThe chairman’s statement, as outlined in the latest edition of the EFCC’s publication “EFCC Alert,” underscores the legal implications of contravening this directive. According…
Nigerians can expect a sigh of relief on the inflation front, according to Africa’s richest man, Aliko Dangote. In a recent chat with journalists, Dangote pointed to the significant reduction in diesel pump prices as a key driver for this positive outlook. Speaking after paying Eid-el-Fitr homage to President Bola Tinubu in Lagos, Dangote expressed optimism about the country’s economic trajectory. He acknowledged Nigerians’ patience during challenging times and hinted at a period of improvement. “There’s quite a lot of improvement,” Dangote said. One of the major issues we’ve faced has been the aggressive devaluation of the naira, which went…
Fallout Continues as Suspended Minister Maintains InnocenceABUJA, Nigeria – April 11, 2024 Embattled former Minister of Humanitarian Affairs, Betta Edu, has distanced herself from a staggering N30 billion recovered by the Economic and Financial Crimes Commission (EFCC) as part of an ongoing investigation into her ministry. This comes amidst allegations of N585.2 million fraud that led to her suspension in January 2024.Minister Suspended, Probe LaunchedPresident Bola Tinubu suspended Ms. Edu on January 8th following accusations of financial impropriety within the Ministry of Humanitarian Affairs. The president wasted no time in directing the EFCC to conduct a comprehensive investigation into “all…
The Nigerian entertainment industry, Nollywood actor Junior Pope Odonwodo, popularly known as Junior Pope, and three of his colleagues have tragically drowned in the River Niger in Delta State. The tragic incident occurred as the group was returning from a movie location, leaving the nation’s film community in a state of deep mourning. The 39-year-old actor, who was just weeks away from celebrating his 40th birthday on May 7, 2024, was part of a group of Nollywood stars traveling by boat when their vessel capsized in the treacherous waters of the River Niger. The incident, which took place on Wednesday…
The announcement of Oba Owolabi Olakulehin as the Olubadan-designate has sparked a significant controversy within Ibadan’s royal circles, following claims by a prominent member of the council, Oba Abimbola Ajibola, the Otun Balogun Olubadan, that Olakulehin is currently unfit to assume the throne due to health issues.The revered position of Olubadan became available after the passing of Oba Lekan Balogun, who led Ibadanland for two years until his death at 81. However, the succession process has been anything but smooth, with disagreements emerging over the readiness and health of the successor.Oba Ajibola expressed his concerns during a press briefing at…
In a heartfelt Eid-el-Fitr message, President Bola Ahmed Tinubu has urged Nigerians to come together in the spirit of the holiday to work towards building a nation that fulfills the aspirations of all its citizens. With the festive conclusion of Ramadan, the President’s call emphasizes unity and collective action in shaping the country’s future.The President likened the nation-building process to the work of a sculptor molding clay, highlighting the active role every Nigerian plays in constructing the societal and political landscape of the country. “We are the sculptor, and Nigeria is the clay; we build it the way we desire,”…
In an act that highlights the diversity and complexity of Islamic jurisprudence, Musa Lukwa, a prominent Islamic cleric based in Sokoto, Nigeria, has openly defied the directives of the Sultan of Sokoto, Sa’ad Abubakar, by conducting Eid prayers a day earlier than the date announced by the Sultanate Council.The Sultan of Sokoto, as the President General of the Nigerian Supreme Council for Islamic Affairs, had declared Wednesday as the day of Eid following consultations with the National Moon Sighting Committees, which did not confirm the sighting of the new moon. However, Lukwa, leading a group at his Juma’at mosque in…
David Umahi, the Minister of Works, has pledged to disclose comprehensive details and costs associated with the ambitious Lagos-Calabar coastal highway project this coming Friday. This announcement came in response to scrutinies and demands for transparency, particularly from Atiku Abubakar, the Peoples Democratic Party’s presidential candidate in the 2023 elections.Amid rising concerns over the allocation and oversight of the project, particularly regarding the contract awarded to Gilbert Chagoury’s Hitech without a competitive bidding process, Umahi’s commitment to transparency aims to quell speculations and demonstrate the administration’s adherence to prudent financial management. The project, spotlighted by a N1.06 trillion release for…