Author: David Great

Nigeria’s inflation rate surged further in January, reaching nearly 30% in annual terms, owing to rising food prices and the country’s naira falling to record lows. Some economists believe the statistics could persuade the central bank to raise interest rates significantly when it meets later this month. Consumer inflation increased for the 13th consecutive month in January, reaching 29.90% year on year from 28.92% in December, according to National Bureau of Statistics statistics. Inflation in Africa’s largest economy and most populous country has not been this high since mid-1996, destroying earnings and savings and exacerbating the cost-of-living crisis. The weakened…

Online casino games are a wonderful source of entertainment on their own, but if you make an effort to enrich your experience with a few tricks, you will surely enjoy your favorite leisure time even more. That is why we prepared this quick guide that will show you some of the most practical ways to create the perfect atmosphere for iGaming and make the most out of your time spent in virtual casinos: Choose the Right Gambling Site Online casinos have gained massive popularity in many different parts of the world, and players from all corners of the globe are…

The federal government plans to establish a National Commodity Board to solve the escalating food crisis in the country. Vice President Kashim Shettima made this known on Tuesday at a two-day high-level strategic meeting on climate change, food systems and resource mobilisation in Abuja. Mr Shettima explained that the board would be mandated to assess and regulate food prices and maintain a strategic food reserve for stabilising the prices of crucial grains and other food items. Mr Shettima noted that food security was one of the eight areas of priority declared by President Bola Tinubu as part of his Renewed…

Manchester City  beat FC Copenhagen 3-1 in the first leg of their Champions League last-16 tie at the Parken Stadium on Tuesday, with Phil Foden scoring late to ensure a two-goal cushion ahead of the second leg. With the Danes still on their winter break, City dominated the opening exchanges and they took the lead in the 10th minute when Kevin De Bruyne scored with a brilliant first-time finish across the keeper and in at the far post. City continued to press and the home side’s box began to look like the shooting gallery at Copenhagen’s Tivoli fairground until an…

Brahim Diaz scored a beautiful solo goal as Real Madrid won 1-0 at RB Leipzig on Tuesday to take a clear advantage into their Champions League last-16 second leg next month. The 24-year-old, filling in for the injured Jude Bellingham who scored twice against Girona over the weekend, struck against the run of play in the 48th minute. Real Madrid goalkeeper Andriy Lunin, replacing the injured Thibaut Courtois, then came to the rescue with a string of saves to protect the lead as the Spaniards made it seven straight wins in the competition this season. “It was difficult for us,…

Hannatu Kofarnaise, counsel to the Economic and Financial Crimes Commission, EFCC, in the alleged N10 billion money laundering case involving Ali Bello and Dauda Sulieman on Tuesday, February 13, 2024 told Justice James Omotosho of the Federal High Court sitting in Abuja that prosecution witness, Rabiu Musa Tafada has been reluctant to show up in court because he has been receiving threats over his earlier testimony before the court on Wednesday, February 6, 2024. Bello, the first defendant in the matter is the current Chief of Staff to Governor Usman Dodo of Kogi State and a nephew of his predecessor…

The Second Prosecution Witness, PW2, in the ongoing trial of former governor of Central Bank of Nigeria, CBN, Godwin Emefiele, Boss Gida Mustapha, on Tuesday, February 13, 2024, told Justice Hamza Muazu of the Federal Capital Territory, FCT, High Court, Maitama, Abuja, that neither former President Muhammadu Buhari nor himself raised a memo directing the apex bank to pay the sum of $6,230,000 (Six Million, Two Hundred and Thirty Thousand Dollars) in cash for international election observers in the last 2023 general election. Mustapha told the court he never came across anything about the transaction while he was serving as…

Justice Akintayo Aluko of a Lagos Federal High Court has ordered that an engineer, Adeleke Adebesin, who was arraigned by the Special Fraud Unit (PSFU) of the Nigeria Police Force, over an alleged N40 million fraud, be remanded in the custody of the Nigerian Correctional Services (NCoS) until March when his bail application will be heard and determined. Justice Aluko remanded Adebesin, who was arraigned before the court alongside his company, Kings Intercontinental Homes and Properties Nig. Ltd and one James Oladimeji Ogunsango said to be at large. At the hearing of the matter today, Adebesin’s lawyer, E. N. Offiah,…

Justice Adenike Akinpelu of the Kwara State High Court in Ilorin has dismissed a bail application filed by a fake Chief Medical Director of the University of Ilorin Teaching Hospital, Chidiebere Cyril Ndigwe over his involvement in an alleged employment scam and obtaining money under false pretence. The Ilorin Zonal Command of the Economic and Financial Crimes Commission, EFCC had dragged Ndigwe to court on a two-count charge of allegedly defrauding some job seekers by presenting himself to be the Chief Medical Director of University of Ilorin Teaching Hospital. The petitioner alleged that Ndigwe with other persons who are still…

Former Secretary of the Government of the Federation, Boss Mustapha, has revealed on Tuesday how immediate past governor of the , Central Bank of Nigeria, Godwin Emefiele. forged document to disburse a total sum of $6.2m to foreign election observers. Mustapha disclosed this when he appeared as the fourth prosecution witness in the ongoing fraud trial of Emefiele, before the Federal Capital Territory High Court in Maitama, Abuja. The Economic and Financial Crimes Commission had alleged that on February 8, 2023, Emefiele connived with one Odoh Ocheme, who is now on the run, to obtain $6.2m from the CBN, claiming…