Senate approves appointment of Ola Olukoyede as EFCC chair

The Senate has approved the appointment of Ola Olukoyede and Mohammed Hamajoda as the chairman and secretary of the Economic and Financial Crimes Commission, EFCC, respectively. Olukayode and Hammajoda were screened on Wednesday alongside Halima Shehu who was appointed to head the National Social Investment Programme Agency, NSIPA. Shehu was confirmed too. Pilot News reported that President Bola Tinubu appointed Olukoyede and Hammajoda as EFCC chairperson and secretary respectively on October 12. Olukoyede, who served...

Rema’s “Calm Down” departs Billboard Hot 100 after a 57-week run

Nigerian singer Rema’s remixed single “Calm Down” featuring American singer Selena Gomez has fallen off the Billboard Hot 100 after spending a record-breaking 57 weeks on the chart. “It made history, becoming the longest charting and most successful African song of all-time,” the music monitoring platform Chart Data said Tuesday on X. REMA and Selena Gomez's "Calm Down" departs the Hot 100 this week. It made history, becoming the longest charting and most successful African...

Inflation rate in Nigeria jumps to 26.72%

Nigeria’s annual inflation rose in September to its highest level in about two decades at 26.72 per cent, amid a worsening cost-of-living crisis in Africa’s largest economy. The September inflation rate is a 0.92 per cent increase from August’s 25.80 per cent, the National Bureau of Statistics [NBS] said on Monday in its Consumer Price Index [CPI] report for September 2023. Food inflation, making up the bulk of Nigeria’s inflation basket, rose to 30.64 per...

FG begins disbursement of N25,000 to 15m households

Nigerian government marked this year’s International Day for the Eradication of Poverty by flagging off a cash transfer programme targeted at 62 million Nigerians. In his speech, President Bola Tinubu, represented by the Secretary to the Government of the Federation, George Akume, said the programme is aimed at providing relief to Nigerians to cushion the impact of the removal of the petrol subsidy and other economic shocks. “Our objective is to lift millions of Nigerians...

Women Affairs Minister seeks accountability from UN agencies on donor funds

The United Nations [UN] may be sued for lack of transparency in utilizing money meant for Nigeria, according to Uju Kennedy-Ohaneye, minister of women’s affairs. At a televised press conference in Abuja on Monday, Kennedy-Ohaneye hinted that the UN might be spending the funds running into millions sourced from donors for intervention programs to better the lives of Nigerians. The Minister gave a 30-day ultimatum to the Antonio Guterres-led institution to provide a detailed report...

FG earmarks N26.01 trillion for 2024 budget

The Nigerian government plans to spend a jumbo-size budget of N26.01 trillion [$33.9 billion] in 2024, Atiku Bagudu, minister of budget and planning, said on Monday. Speaking to reporters after the federal executive council meeting with President Bola Tinubu in Abuja, Bagudu said the budget reflects the “commendable measures” that have been taken since June by President Tinubu to “restore macroeconomic stability.” The Budget Minister said the Nigerian government is working with an oil price...

Award-winning Artist, Davido and Wife Chioma welcome twins

Nearly a year after losing their three-year-old son Ifeanyi, Davido and his wife Chioma welcomed twins – a boy and a girl – last week. The Nigerian singer confirmed the news in a televised interview in New York last Saturday, days after social media was awash with the news. “And it was in the same month – my son passed last year October, my wife gave birth this year October – it’s crazy,” he said....

Valentine Ozigbo challenges Anambra Diaspora on change for brighter future

“Ozigbo’s speech was marvellous, fantastic, and well-received by everyone at the hall,” Prof. Osita E. Aka, the immediate past Caretaker Chair of Anambra State Association, USA [ASA-USA] remarked after the keynote address delivered by politician and business mogul Chief Valentine Ozigbo at the national convention of ASA-USA in Atlanta on Saturday, Oct. 14. Prof. Aka’s remark is one of the many positive feedbacks that greeted Ozigbo’s speech. Onyi Erinne, ASA-USA Board Chairperson, described it as...

S African Development Foundation CEO Travis Adkins visits Nigeria

President/CEO of the US African Development Foundation, USADF, Travis Adkins will be in Nigeria from October 16 to October 20. The USADF is an independent US government agency established to invest directly in African grassroots enterprises and social entrepreneurs. Adkins will visit Lagos State and the nation’s capital Abuja to deepen economic engagement and investment ties with Nigerian grassroots enterprises and social entrepreneurs. “In Abuja, P/CEO Adkins will engage with USADF grantees in the agricultural...

FG extradites man to US to face fraud charges

A Nigerian, Alex Afolabi Ogunshakin, has been extradited to the United States to answer for charges of fraud after topping the Federal Bureau of Investigation’s, FBI, Cyber’s Most Wanted List for $6,000,000 [N4,654,500,000] fraud, Acting U.S. Attorney Susan Lehr announced last Tuesday, Oct. 10. Ogunshakin is alleged to have participated in a business email compromise, BEC, scheme from January 2015 to September 2016. According to the FBI, he and his co-conspirators defrauded over 70 businesses...

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