Author: David Great

President Bola Tinubu has appointed former chairman of Citibank Nigeria, Yemi Cardoso as the new Central Bank of Nigeria (CBN) Governor, succeeding Godwin Emefiele. Chronicle NG reports that Cardoso’s appointment is subject to approval by the Nigerian Senate who will vote on his nomination. Emefiele, who was suspended three months ago by Tinubu is yet to be sacked by the Senate. According to the Nigeria constitution, Tinubu cannot sack Emefiele unless two-third of the Senate vote to approve it and that has not happened as at the time of this report. However, a statement by Ajuri Ngelale, the President spokesperson…

Nigeria’s annual inflation rate accelerated to an 18-year high of 25.8% in August, official data showed on Friday, as Africa’s largest economy grapples with rising prices ahead of a central bank interest rate decision later this month. President Bola Tinubu in May removed a popular but costly decades-old petrol subsidy and ended exchange controls, leading to a spike in prices from food to transport fares and angering unions who have threatened strikes. The August inflation figure rose for an eighth straight month from July’s 24.08%, according to the National Bureau of Statistics (NBS), compounding a cost of living crisis worsened…

The Transmission Company of Nigeria transmission substation in Birnin-Kebbi, Kebbi State, experienced a fire incident on Thursday night. Although the immediate source of the fire has not yet been identified, the 330 kilovolt (kV) facility is said to have been consumed by it. The tragedy happened just 24 hours after a similar outbreak caused the national grid to collapse. The event was reported to Chronicle NG on Friday by Nafiu Abubakar, the Kebbi State Police Command spokesperson. TCN couldn’t be reached, despite our best efforts.

Everton have been sold to 777 Partners, the Premier League club said on Friday, with the US private equity firm taking over from Farhad Moshiri in a deal reports said was worth more than £550 million. The Miami-based investment fund said it had signed an agreement with British-Iranian billionaire Moshiri to acquire his 94.1% stake in the club. The deal is expected to be closed by the end of the year, a club statement said. “We are truly humbled by the opportunity to become part of the Everton family as custodians of the club, and consider it a privilege to…

Following the death of an Area Commander for Dutsinma, ACP Aminu Umar, and another officer, the Katsina State Police Command apprehended 30-year-old suspected renowned armed bandit Saidu Yaro, alias Sabon Jini, of Tsaskiya Village, Safana LGA of Katsina State. The suspect had been on the command’s wanted list for a variety of offences, including kidnapping, cattle rustling, and other horrific crimes, according to the police spokesman, ASP Sadiq Abubakar, who revealed this on Thursday during a parade of suspects at the command headquarters in Katsina. Yaro was reportedly apprehended at 5:30 p.m. on August 30 on the basis of “credible…

The United Nations is urgently seeking more than $71 million to assist those most in need after deadly flash floods swept Libya over the weekend. Hurricane-strength Storm Daniel slammed into Libya on September 10, killing at least 4,000 people, with thousands more still missing. In a flash appeal Thursday, the United Nations humanitarian agency OCHA said it expects the toll to rise. The city of Derna, one of the hardest-hit locations, was reduced to a wasteland after two upstream dams burst Sunday. OCHA said estimates suggest 30 percent of the city may have disappeared and with most roads collapsed local…

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By Bright Okuta While surfing the internet in the early hours of today September 13, I stumbled upon a Twitter poll that asked Twitter users to vote for the minister with the most impressive performance so far in the Bola Tinubu administration. The ministers on the list were the Minister of Interior, Hon. Olubunmi Tunji-Ojo; the Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu; the Minister of Aviation and Aerospace Development, Festus Keyamo and “others” which was an option for any other minister not mentioned on options A—C but should be specified in the comment section. I voted…

Ukraine’s military said on Friday that its troops have captured a village near Bakhmut, the eastern city that fell into Russian hands in May after being besieged for many months. The Russian side had suffered significant casualties and loss of equipment, while Ukrainian troops were able to fortify some areas, the General Staff of Ukraine’s armed forces said in a morning report. “In the course of assault operations, they seized Andriivka in Donetsk region,” the General Staff said. The village of Andriivka lies south of Bakhmut, the site of the bloodiest battle since the invasion by Russia in February last…

Nigerian striker Victor Osimhen was named for the FIFA Best Player award on Thursday, just a few days after being shortlisted for the 2023 Ballon d’Or award. In the men’s category of the award, Kylian Mbappe, Erling Haaland, Kevin De Bruyne, and Lionel Messi of Argentina were also nominated alongside the Super Eagles forward. Julian Alvarez, Marcelo Brozovic, lkay Gundogan, Rodri, Khvicha Kvaratskhelia, Declan Rice, and Bernardo Silva are more nominees. With his nomination, Osimhen becomes the first footballer from Nigeria to be considered for the FIFA Best Footballer Award, which Cristiano Ronaldo initially won in 2016. Last season, Osimhen…