Author: Mayor

Amid a shortage of foreign exchange, Nigeria’s inflation rate rose to 24.08% in July 2023, the highest recorded in recent times. The July 2023 rate showed an increase of 1.29% points when compared to the previous month’s, which was 22.79%, the National Bureau of Statistics (NBS) said in its Consumer Price Index (CPI) report released on Tuesday. The CPI measures the rate of change in the prices of goods and services. On July 25, 2023, the Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR), which measures the interest rate, from 18.5 percent to 18.75%. CBN moves to…

The All Progressives Congress in Kogi State (APC) has announced suspension of the party’s Chairman for Ankpa Local Government Area of the state, Abdullahi Zakeri, for “anti-party activities”. In a statement on Tuesday, the APC Chairman in the state, Abdullahi Bello, said the suspension is with immediate effect. The party also appointed Mohammed Salifu Jibrin as the acting Chairman of the party for the local government. “This is to notify the general public that the State Working Committee of the Kogi State All Progressives Congress has received a letter recommending the Ankpa Local Government Chairman of the All Progressives Congress,…

A former Minister of Foreign Affairs and Professor of Political Science, Bolaji Akinyemi, has stated that the intervention of the Economic Community of West African States (ECOWAS) in restoring democracy in Niger is in a bid to stop more coups. The regional body placed sanctions on the Niger military junta following the coup that displaced president Mohammed Bazoum in July 26. Speaking on Channels TV Politics Today on Monday, Akinyemi said there has to be a line following military coups in other West African countries like Mali, Burkina Faso and Guinea. He said, “I haven’t heard one single commentator, even…

The House of Representatives Ad-hoc Committee investigating job racketeering by Ministries Departments and Agencies and mismanagement of the Integrated Payroll and Personnel Information System IPPIS on Monday queried the Registrar of the Joint Admissions and Matriculations Board (JAMB) over what is described as lopsided employment in the agency. The panel had demanded that the agency as a matter of urgency submit to it the list of all staff employed between 2015- 2023 and decried lack of adherence to extant regulation of the nation’s public service as it was discovered by the committee that JAMB employed 300 staff from 2015 till…

The Central Bank of Nigeria (CBN) has said it is set to take new measures to save the naira from an impending crash in the FOREX market Acting Governor of the CBN, Folasodun Sonubi, made the disclosure to State House Correspondents after briefing President Bola Tinubu on what the bank was doing the halt the slide on Monday at the State House. Sonubi stated President Tinubu expressed his concern about the impact of recent developments in the foreign exchange market, particularly on ordinary citizens. The Acting Governor of the apex bank said he assured the President that the CBN…

The former National Vice Chairman, Northwest, of the ruling All Progressives Congress APC, Salihu Moh. Lukman has expressed concerns over what he tagged “disturbing signals” under the administration of President Bola Tinubu. This was as the APC chieftain accused President Bola Tinubu of crashing the earnest expectations of Nigerians who had hoped that having finally realized his lifelong ambition to be their president, that he would come up with a crack squad rather than the lacklustre ministerial nominations he forwarded to the Senate. In an open letter to President Tinubu on Monday, Lukman said he decided to make the letter…

Chelsea have agreed a deal with Brighton worth a British record £115m for midfielder Moises Caicedo. The Blues are understood to be paying an initial £100m, plus £15m in performance-related add-ons. Caicedo has been granted permission by Brighton to have a Chelsea medical, which is expected to take place on Monday. The midfielder will sign an eight-year contract, with the option of a further year. Brighton will have a sell-on clause that has been described as “significant” as part of the £115m deal to sell Caicedo. Chelsea draw Liverpool in pulsating tie Half of the add-ons have been described as…

The Italian Football Federation (FIGC) confirmed on Sunday that Roberto Mancini has resigned as coach of European champions Italy. In a statement, the FIGC stated that they “received late yesterday evening” Mancini’s surprising decision to resign. “Because of important and close commitments for the team with Euro 2024 qualifiers against North Macedonia and Ukraine, the FIGC will announce the name of the new national coach in the next few days,” the federation noted. Roberto took over after Italy failed to qualify for the 2018 World Cup under Gian Piero Ventura. Mancini, a former international, guided Italy to a Euro 2021…

Operatives of a Special Unit of the National Drug Law Enforcement Agency, NDLEA on Sunday arrested three major illicit drug syndicates in an intelligence-led operations across parts of Lagos state. A baroness and four other kingpins were apprehended as a result of the operations, and drugs worth billions of naira in cocaine, opioids, and loud were found in their hiding places. The female head of one of the syndicates, Faith Ebele Nwankwo was arrested on Wednesday 9th August at her residence, House 6, C close, 3rd Avenue, Festac area of Lagos shortly after she returned from a warehouse at Plot…

French superstar Kylian Mbappe was reinstated in Paris Saint-Germain’s first team on Sunday after being sidelined for several weeks amid an ongoing contract dispute. PSG opened their Ligue 1 title defence with a goalless draw at home against Lorient on Saturday as the team’s prize asset watched from the stands. “After very constructive and positive discussions between Paris Saint-Germain and Kylian Mbappe before the PSG-Lorient match, the player was reinstated in the first training team this morning,” PSG said in a statement. Mbappe open to Premier League move, Fenerbahce eye Jorginho After a summer of flux at the Parc…