Author: Adejuyigbe Francis

Oshiomhole Attributes Naira’s Collapse To Buhari Administration’s Excessive Money Printing. Senator Adams Oshiomhole, representing Edo North, has blamed the “excessive printing of money” by the Central Bank of Nigeria (CBN) under former President Muhammadu Buhari for the dramatic collapse of the naira. The revelation came during a Progressives Governors Forum meeting in Benin City on Saturday, 28 June 2025, sparking fresh discussions about Nigeria’s economic challenges. Speaking at the interactive session, Oshiomhole, a former Edo State governor and key figure in the All Progressives Congress (APC), described the CBN’s reliance on the Ways and Means policy—a mechanism allowing the…

NDLEA Dismantles 30-Hectare Cannabis Plantation In Cross River, Bolsters Anti-Drug Efforts. The National Drug Law Enforcement Agency (NDLEA) has dealt a significant blow to illicit drug operations in Nigeria, destroying a sprawling 30-hectare cannabis sativa plantation, commonly known as Indian hemp, in a forest in Odukpani Local Government Area of Cross River State. The operation, confirmed on Saturday, 28 June 2025, underscores the agency’s relentless campaign to curb drug cultivation and trafficking across the country. Mrs Rachel Umebuali, the NDLEA State Commander for Cross River, revealed details of the operation in an interview with the News Agency of Nigeria…

President Tinubu Honours Afreximbank’s Prof. Benedict Oramah With GCON For Transformative Leadership. In a heartfelt tribute to a decade of exceptional leadership, Nigerian President Bola Ahmed Tinubu has conferred the prestigious Grand Commander of the Order of the Niger (GCON), one of Nigeria’s highest national honours, on Professor Benedict Oramah, the outgoing President and Chairman of the African Export-Import Bank (Afreximbank). The announcement was made on Friday, 27 June 2025, during the 32nd Afreximbank Annual Meetings in Abuja, celebrating Oramah’s remarkable contributions to Africa’s economic development and Nigeria’s strategic interests. President Tinubu praised Oramah as a “pivotal figure in…

Jeff Bezos Weds Lauren Sanchez In Lavish Venetian Ceremony. Venice, Italy – In a dazzling display of romance and opulence, Amazon founder Jeff Bezos tied the knot with media personality Lauren Sanchez on the picturesque San Giorgio Island in Venice, Italy, on Saturday, 28 June 2025. The billionaire entrepreneur, 61, and the former television anchor, 55, exchanged vows in a star-studded ceremony surrounded by family, friends, and a host of high-profile guests. The event, set against the stunning backdrop of Venice’s iconic canals and historic architecture, was nothing short of spectacular. The couple, who have been together since 2019,…

PDP Faces More High-Profile Defections, But Grassroots Remain Steadfast, Says Saraki. Former Senate President and Chairman of the Peoples Democratic Party (PDP) Reconciliation Committee, Dr Bukola Saraki, has warned that Nigeria’s main opposition party is bracing for further high-profile defections, potentially including one or two governors and several senators. Despite these challenges, Saraki remains optimistic, emphasising the PDP’s enduring strength at the grassroots level as the party gears up for the 2027 general elections. In an exclusive interview on ARISE News’ Prime Time programme on Friday, Saraki addressed the ongoing internal crises rocking the PDP, which has been grappling…

Over 100,000 Nigerians Benefit From Consumer Credit Scheme, With 400,000 More Awaiting Access. In a significant step towards bolstering financial inclusion and economic empowerment, President Bola Tinubu has announced that over 100,000 Nigerians, including 35,000 civil servants, have already benefited from the Nigerian Consumer Credit Scheme, managed by the Nigerian Consumer Credit Corporation (CREDICORP). The president revealed that an additional 400,000 Nigerians are on the waiting list to access this transformative initiative, which aims to enhance the quality of life for citizens across the nation. The Consumer Credit Scheme, launched in April 2024, is designed to provide affordable, interest-free loans…

Bayern Munich CEO Calls for Unity to Address Packed Football Calendar. In a candid statement addressing the growing concerns over the congested football schedule, Bayern Munich CEO Karl-Heinz Rummenigge has urged players, agents, and clubs to engage in a “calm, rational conversation” to restore balance to the sport. His remarks, made on Saturday, 28 June 2025, highlight the complex dynamics driving the ever-expanding football calendar and the financial pressures fuelling it. Rummenigge acknowledged the frustration felt by players, who have increasingly voiced concerns about burnout due to the relentless schedule of domestic leagues, cup competitions, and international fixtures. However, he…

SEC Issues Urgent Warning Against Value Growth Platform, Flags It As Potential Ponzi Scheme. The Securities and Exchange Commission (SEC) has issued a stark warning to Nigerians, urging them to steer clear of the Value Growth Platform, an unregistered online investment scheme flagged as a potential Ponzi scheme. The alert, released on Friday, 27 June 2025, highlights the platform’s unauthorised operations and deceptive practices, which have raised red flags among regulators. In a statement, the SEC revealed that the Value Growth Platform, which claims to offer market analysis and investment services, is not registered to operate within Nigeria’s capital…

Lagos Welcomes Thousands Daily As Nigeria’s Economic Powerhouse, Says Commissioner. Lagos State continues to solidify its position as Nigeria’s most prosperous region, attracting between 3,000 and 5,000 new residents daily, according to Tokunbo Wahab, the Lagos State Commissioner for the Environment and Water Resources. The commissioner’s remarks, shared via X on 27 June, highlight the state’s magnetic pull as a hub of opportunity, drawing migrants from across Nigeria and beyond in search of better prospects. Lagos, with an estimated population of over 21 million, is not only Nigeria’s largest city but also the economic and cultural heartbeat of…

Nigeria To Deport 14 Chinese Nationals Convicted Of Cyberterrorism In Landmark Ruling. A Federal High Court in Ikoyi, Lagos, has sentenced 14 Chinese nationals to one year in prison for cyberterrorism and internet fraud, with orders for their deportation to China within seven days of completing their sentences or paying a fine. The convictions, secured by the Economic and Financial Crimes Commission (EFCC) on Friday, mark a significant step in Nigeria’s crackdown on transnational cybercrime. The convicted individuals, identified as Su Zong Gen, Li Zhong Chang, Chen Gui Ping, Li Xiang Long, San Feng Zhang, Jia Yang, Jia Zhi…

Lagos State Government Reopens Oko-Oba Abattoir After Sanitation Overhaul. The Lagos State Government has announced the immediate reopening of the Oko-Oba Abattoir in Agege, following a nine-day closure prompted by severe environmental and hygiene violations. The decision, confirmed on Saturday by the Commissioner for the Environment and Water Resources, Tokunbo Wahab, comes after operators met stringent sanitation and operational standards set by the state. The abattoir was shut down on 19 June 2025 following an inspection that revealed alarming practices, including the indiscriminate disposal of animal waste into public drains and individuals sleeping alongside livestock in unsanitary conditions. Commissioner…

California Governor Gavin Newsom Launches $787 Million Defamation Lawsuit Against Fox News. California Governor Gavin Newsom has initiated a high-profile defamation lawsuit against Fox News, seeking damages of $787 million over what he claims was a deliberate misrepresentation of a phone call with US President Donald Trump. The legal action, filed on Friday in Delaware Superior Court, where Fox News is incorporated, centres on a segment aired by Fox News host Jesse Watters, which Newsom alleges falsely portrayed him as lying about the timing of a conversation with Trump. The lawsuit stems from a dispute earlier this month when Trump…