Author: Vincent Osuwo

Urum Kalu Eke, a nominee for membership on the Central Bank of Nigeria Board of Directors, has denied the offer, citing his current position with the World Bank. This came to light at Thursday’s session when the Senate began the process of confirming the nominees. On February 13, President Bola Tinubu forwarded Urum’s and four others’ names for approval as CBN board members. However, during the confirmation hearing, the former Governor of Abia State, Senator Orji Kalu (APC, Abia North), informed the Senate that Ulum Kalu Eke had called him to decline the offer, citing a conflict with his current…

Residents of Aba, Abia State, are celebrating 48 hours of continuous power following the installation of the geometric power plant. Since one of the plant’s four turbines was turned on on Sunday, February 25, 2024, some portions of Aba have had an uninterrupted power supply. Chude shared a video of a resident rejoicing over the constant electricity and said, “Aba residents now enjoy 24/7 electricity. Aba is currently the most thriving city for living and investing in Nigeria. Governance is not rocket science.” The video shows a lady speaking in both English and Igbo, “Light choke, Aba to the world.…

Presidential candidate of the Labour Party in 2023 general election, Peter Obi has warned against the recent hike in Monetary Policy Rate of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). In a bid to curb the continuous surge of the country’s inflation rate, the MPC at the end of its meeting on Tuesday increased the MPR by 400 basis points pegging the rate at 22.5%. Analysts and stakeholders in the financial sector have described the hike by the MPC as the highest in the history of the CBN. Reacting to the development in a personally…

Bandits kidnapped no fewer than 30 worshippers from one of the mosques in Tsafe town, the headquarters of Zamfara’s Tsafe Local Government Area. An indigene of the region simply named Garba told newsmen that the bandits broke into the mosque about 5 a.m. on Thursday, just as people were preparing to begin their morning prayers. Garba said, ”We were about to start the morning prayer today, Thursday, when suddenly they (bandits) entered the mosque and directed everybody to go out and follow them. “Everybody scampered for safety, but the bandits blocked everywhere and warned us that they would kill anybody…

Cristiano Ronaldo has been suspended for one game by Saudi Arabia’s football governing body on Thursday over a gesture he made on the pitch last weekend that was judged a “provocation.”. The Saudi Arabian Football Federation said the Al-Nassr captain and former Sporting Lisbon player were fined 30,000 riyals ($8,000) for the incident, which violated rules prohibiting inciting the public during a match. The ruling cannot be appealed. Following his team’s 3-2 victory over Al-Shabab, a video emerged of Ronaldo making a repeated thrusting gesture at his groyne in reaction to audiences insulting him with the name of his longstanding…

Nigerian oil magnate, philanthropist, and entrepreneur Emeka Wilson Orakwue Offor has suffered backlash from Nigerians over his alleged role in slowing down the actualization of the Geometric power plant in Osisioma, Aba. Inaugurated by vice president Kashim Shettima on Tuesday, the 188-megawatt geometric power plant in Aba, Abia State, will help accelerate power supply to industrial clusters in the region. The power plant, regarded as Nigeria’s first integrated electrical facility, is located in the south-eastern state’s Osisioma industrial zone. It is thought that the Aba Power Limited Electric, a new electricity distribution business (DisCo), will absorb electricity from the plant…

The federal government has allegedly detained at least two senior officials from Binance, a cryptocurrency exchange company. According to the Financial Times, both executives came into Nigeria last week following a website ban and were arrested by officers from the National Security Adviser’s office, with their passports seized. Binance is an online exchange where users can trade cryptocurrencies. Nigeria has one of the largest peer-to-peer cryptocurrency markets in the world. According to Chainalysis, crypto transactions in the country totaled $56.7 billion from July 2022 to June 2023. The arrest occurred amid the government’s efforts to curb naira speculation by cracking…

A Nigerian, simply identified as Success (@Successaw), has alleged that Nigeria is full of bisexual and gay (LGBTQ) politicians.  Success made the remarks on Wednesday while reacting to the anti-LGBTQ law passed by the Ghanaian parliament. Chronicle NG reports that the Ghana Parliament passed the bill on human sexual rights and family values on Wednesday, popularly referred to as the anti-LGBTQ bill. The measure, titled the Promotion of Proper Human Sexual Rights and Ghanaian Family Values measure, was introduced by Sam Nartey George, MP for Ningo-Prampram. Reacting to the news, Success noted that while Nigeria enacted a law against same-sex…

The Ghana Parliament, on Wednesday, passed the bill on human sexual rights and family values, popularly referred to as the anti-LGBTQ bill. The measure, titled the Promotion of Proper Human Sexual Rights and Ghanaian Family Values measure, was introduced by Sam Nartey George, MP for Ningo-Prampram. According to GhanaWeb, the bill was introduced as a Private Members Bill by Ningo-Prampram MP Sam Nartey George. According to Citi Newsroom, the bill forbids LGBTQ activities and makes promoting, advocating for, or funding them illegal. According to local media, anybody caught partaking in the activity might face imprisonment sentences ranging from six months…

The Senate has rejected the inclusion of Anambra State in the membership of the Niger Delta Development Commission, NDDC.  Senators Tony Nwoye (LP Anambra North) and Jibrin Isah, also known as Echocho (APC Kogi East), got into a heated dispute during the session on Wednesday. In his lead debate on the bill seeking an amendment to the NDDC Act to include Anambra State as an oil-producing state, Nwoye argued that Anambra deserved membership in the NDDC because it has been collecting 13% derivation since 2021 due to the significant volume of oil produced annually. However, the majority of senators who…