Author: Adejuyigbe Francis

Nigeria’s GDP To Include Illegal And Hidden Activities In Economic Calculations – NBS. January 10, 2025 – In a move that reshapes how economic activity is measured, the National Bureau of Statistics (NBS) announced that activities previously outside the formal economy, including prostitution and drug peddling, will now contribute to Nigeria’s Gross Domestic Product (GDP). This revelation came during a sensitisation workshop on GDP and Consumer Price Index (CPI) rebasing, which was co-hosted with the Nigerian Economic Summit Group (NESG). The workshop aimed to discuss the recalibration of economic indicators to reflect current realities more accurately. According to…

Nigeria Recovers $52.88 Million From US In High-Profile Corruption Case. In a significant stride against corruption, the Federal Government of Nigeria has announced the recovery of $52.88 million in assets from the United States, linked to former Minister of Petroleum, Diezani Alison-Madueke. The asset repatriation was formalised during a signing ceremony in Abuja on Friday. Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, provided details of how the funds would be allocated. According to reports by Channels TV, $50 million will be channelled through the World Bank to support rural electrification initiatives across Nigeria. The remaining $2 million…

Federal Government Announces Shorter Review Period For Minimum Wage. In a significant policy shift aimed at addressing the rising cost of living, the Nigerian government has declared that the national minimum wage will now be reviewed every two years instead of the previous five-year interval. The Minister of State for Labour and Employment, Nkeiruka Onyejeocha, made this announcement during her visit to Abia State on Friday. She stated, “We are not going to allow minimum wage review to be forever. It used to be about five years, but now, in three years’ time, which is less than two years,…

Oyo State Welcomes New Alaafin After Prolonged Selection Process. Ibadan, Oyo State – Prince Abimbola Akeem Owoade has been officially named the new Alaafin of Oyo by Governor Seyi Makinde, following a meticulous process involving traditional consultations and divinations by the Oyo kingmakers, known as the Oyomesi. The announcement was made public on Friday by the Commissioner for Information and Orientation, Dotun Oyelade, who confirmed that Governor Makinde has approved Owoade’s appointment. “The Oyomesi, after thorough consultations and divinations, have recommended Prince Abimbola Akeem Owoade as the new Alaafin of Oyo, and Governor Seyi Makinde has given his approval,”…

President Tinubu To Attend Abu Dhabi Sustainability Week 2025. President Bola Tinubu is scheduled to embark on a strategic visit to Abu Dhabi, United Arab Emirates, to join the 2025 edition of Abu Dhabi Sustainability Week (ADSW 2025). His trip, set from January 11 to January 16, aims to bolster Nigeria’s diplomatic and economic relations with the UAE while pushing forward the agenda of sustainable development. The invitation for President Tinubu to attend this prestigious summit came from His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates. The event, spanning from January 12 to…

Teacher Remanded In Kirikiri Prison For Assaulting 3 Year Old Boy In Lagos. A teacher from Christ-Mitots School in Ikorodu Lagos was witnessed mistreating and physically abusing a 3-year-old boy, Abayomi Micheal. The teacher named Stella Nwadigo has now been remanded in custody following a disturbing incident captured on video. Stella Nwadigbo, who was seen assaulting a three-year-old boy in a now-viral video, was arraigned before the Ogba Magistrates’ Court on Thursday. The incident came to light when the video, which showed the teacher abusing the young pupil, circulated widely on social media platforms, prompting swift action from the Lagos…

Everton Triumph In FA Cup Amid Managerial Turmoil. In a match overshadowed by the dramatic sacking of manager Sean Dyche, Everton secured a victory in the FA Cup third round, defeating League One’s Peterborough United. The match at Goodison Park marked the beginning of the post-Dyche era for the Toffees, who are struggling in the Premier League. The announcement of Dyche’s departure came just three hours before kick-off, turning the spotlight onto interim managers Leighton Baines and Seamus Coleman, both former Everton players and currently the Under-18s coach and team captain respectively. Despite the chilly conditions and the off-field…

Transfer Spotlight: Premier League Clubs In Hunt For New Talent. As the January transfer window heats up, several Premier League clubs are making moves in the market, with some high-profile names linked to new clubs. Napoli’s 23-year-old Georgian winger, Khvitcha Kvaratskhelia, has caught the eye of not one but three top English sides. Manchester United are reportedly set to challenge Paris Saint-Germain for his signature, while Liverpool are also in the frame should Napoli decide to part ways with their star player this month. In other news, West Ham United have thrown their hat into the ring for Manchester United’s…

Los Angeles Battles Most Destructive Wildfires In Its History. The city of Los Angeles is grappling with what officials have labelled as the worst wildfires in its history. Two colossal fires, known as the Palisades Fire on the western side and the Eaton Fire on the east, have ravaged the region, burning over 34,000 acres (13,750 hectares) and leaving a trail of destruction into a third night this Thursday. The fires have claimed ten lives, with fears that the death toll might rise further, according to Los Angeles County Sheriff Robert Luna. “It looks like an atomic bomb dropped…

Machado Freed After Brief Detainment Amid Caracas Protests. Caracas, Venezuela – Maria Corina Machado, the prominent Venezuelan opposition leader, was released on Thursday evening after a brief detention during an anti-government protest in eastern Caracas. The incident occurred just hours before the scheduled inauguration of President Nicolas Maduro for his third term on Friday. Machado, who leads the Vente Venezuela movement, had not been seen publicly for months until she appeared at the protest. Her arrest was quickly denounced by allies, including former presidential candidate Edmundo Gonzalez, who demanded her immediate release. Several foreign governments also expressed their disapproval of…

Landmark Group Secures Waterfront For Ambitious Redevelopment Project In Port Harcourt. In a significant boost to the tourism and hospitality sectors, the Landmark Group has officially announced the acquisition of prime waterfront land in Port Harcourt. This move comes as part of a strategic partnership with the Rivers State Government, aimed at transforming the area formerly known as the Port Harcourt Tourist Beach into a premier international destination for leisure and tourism. The landmark agreement was signed yesterday, marking the beginning of an ambitious project that promises to revitalise one of Nigeria’s once-thriving tourist spots. According to official statements, the…

Chadian Forces Neutralise Boko Haram Threat At Presidential Palace. Chadian security forces have successfully neutralised several Boko Haram fighters who launched an audacious attack on the presidential palace in N’Djamena on Wednesday. According to intelligence sources, the Directorate General of Security Services and Internal Exile (DGSSIE) swiftly contained the invasion, ensuring the safety of key government officials and institutions. “The DGSSIE demonstrated their efficiency in neutralizing the threat,” confirmed security analyst and counter-insurgency expert in Lake Chad, Zagazola Makama. A video that has been widely shared on social media platforms captures the moment when the Chadian forces engaged with…