Author: David Great

World Bank says Nigeria needs to control inflation and stabilise its foreign exchange market to boost economic growth following currency reforms and petrol subsidy removal. President Bola Tinubu has embarked on some reforms including the unifying of Nigeria’s multiple exchange rates and scrapping of petrol subsidy, which the World Bank and International Monetary Fund had for years called on Nigeria to do. The impact has been record inflation, which has risen for 10 straight months, reaching 27.33% in October, the highest in almost two decades. World Bank lead economist for Nigeria Alex Sienaert said during a presentation in the capital…

Three people are believed to have been killed in the armed robberies of two new-generation banks in Ikere-Ekiti, Ekiti State, on Wednesday evening. According to sources, the armed robbers struck about 4.30 p.m. and destroyed the doors of the banks with explosives before fleeing with an undetermined quantity of money. A source who saw a lifeless, blood-soaked body close to the entrance of one of the banks claimed that the thieves had also killed two people in another location in the city. “I can confirm the killing of a man at one of the banks,” the insider stated. He took…

A 200-level student of the Faculty of Law at the University of Ibadan has been apprehended by the institution’s security personnel for allegedly raping a 100-level colleague. The victim had gone for a night reading alongside other girls to prepare for exams. The victim was said to have moved away from the lecture theatre where she was reading due to power failure and went to take a nap at the Students’ Union building, where the suspect reportedly raped her. While narrating her ordeal, the victim said she woke up at a touch and attempted to scream, but the suspect held…

The Kano State Fire Service has said fire gutted 17 offices in Gwale Local Government Secretariat. The Public Relations Officer of the service, Saminu Abdullahi, confirmed the incident to journalists in Kano. Mr Abdullahi said that the incident occurred in the early hours of Wednesday. ”We received a distress call at about 3:43 a.m. from Abdullahi Hassan that there was a fire outbreak at Gwale Secretariat. Upon receiving the information, we quickly sent a fire vehicle to the scene at about 3:46 a.m. to bring the fire under control,’’ he said. Mr Abdullahi said that the ground floor of about…

Two Benin soldiers were killed when the motorbike they were riding hit an improvised explosive in the north of the country, two security sources and a local resident said on Wednesday. No group immediately claimed responsibility for the incident in Karimama district close to the border with Niger. But northern Benin, like its neighbours Ghana, Togo and Ivory Coast, has seen increasing risk of violence spilling over its border from jihadists in the Sahel. “We lost two of our men (Soldiers) on Tuesday. It wasn’t an attack but they drove over a homemade landmine,” the military source said. The details…

The Economic and Financial Crimes Commission (EFCC) has declared former minister of power and steel, Olu Agunloye, wanted over alleged $6 billion fraud. Agunloye who served in the administration of former President Olusegun Obasanjo between 1999 and 2003, was declared wanted by the financial crimes agency over allegations of forgery and corruption. The EFCC via its social media handles on Tuesday announced the public notice signed by its spokesperson, Dele Oyewale. “The public is hereby notified that Olu Agunioye, whose photograph appears above, is wanted by the Economic and Financial Crimes Commission (EFCC) in an alleged case of corruption and…

Veteran Super Eagles winger and former assistant coach of the Super Eagles, Emmanuel Amuneke have denied claims that he picked Egyptian winger Mohammed Salah over Nigeria’s hitman Victor Osimhen. In a viral video seen and reported by Chronicle NG Amuneke, reportedly picked Salah when asked, according to the video, his choice among the trio of Mohammed Salah, Victor Osimhen and Achraf Hakimi. Amuneke, however, denied the claims while speaking  Nigerian Sports Village Square, moderated by a sports journalist, Osasu Obayiuwana. “First of all, I want you to understand the rumours that you guys are [spreading] concerning me not voting Osimhen.…

US President Joe Biden said Tuesday the Israeli administration was opposed to a two-state solution with the Palestinians and urged Prime Minister Benjamin Netanyahu to “change” his government. Biden’s comments to Democratic donors revealed a rare rift with Netanyahu after weeks in which the US leader has strongly backed Israel’s assault on Gaza in response to the October 7 Hamas attacks.“Bibi’s got a tough decision to make,” Biden said, referring to Netanyahu and his hardline right-wing government. “This is the most conservative government in Israel’s history,” he said, adding that the Israeli government “doesn’t want a two-state solution.” Biden added…

Osun State House of Assembly on Tuesday passed a bill extending the retirement age of judges and other judicial officers from 65 to 70 years. The bill, ‘Osun State High Court and Customary Court of Appeal Registrars, Secretary to the State Judicial Council, State Counsels in the Ministry of Justice, State Magistrates and District Customary Courts’ Presidents Retirement Age Bill, 2023’, was passed during the plenary session, held at the assembly complex in Osogbo, after passing the third reading. Speaker of the assembly, Adewale Egbedun, said the final copy of the bill would be produced and forwarded to Governor Ademola…

Eighteen students from St James Primary School B in Owoope, Osogbo, were said to be hospitalised after eating a mid-day meal provided by the Osun State Government free school feeding scheme. The Osun State Government stated that inquiries into the incident had begun and that free meals had been suspended in the impacted school pending the conclusion of the investigations. The affected cooks at the schools, as well as the O-Meal program’s planning officer, have been summoned to a meeting by Tuesday morning, according to the state Commissioner for Information and Public Enlightenment, Barr. Kolapo Alimi. According to Alimi, governor…