Author: Editor

Obasanjo: Lagos-Calabar highway project wasteful, corrupt

Editor
Obasanjo Never Wanted Any State-owned Refinery To Work – Group Asserts

Former President Olusegun Obasanjo has described the N15.6tn Lagos-Calabar Coastal highway project as wasteful and corrupt. He equally slammed the President Bola Tinubu administration for spending N21bn on a new official residence for Vice President Kashim Shettima, calling it a misplaced priority and conduit designed to embezzle public funds. The ex-leader disclosed this in chapter six of his new book, ‘Nigeria: Past and Future’ where he painted the portrait and characters of chief executives at both the federal and state levels. The book was one of the two new books…

N15tn Lagos-Calabar coastal highway, visionary legacy project – Presidency

Editor

The Presidency has stated that the N15.6 trillion Lagos-Calabar coastal highway is a visionary legacy project with enormous economic potentials. The Special Adviser to President Bola Tinubu on Media and Public Communications, Sunday Dare, stated this on Thursday during an interview on Television Continental. The  former President Olusegun Obasanjo had described the coastal highway project as a wasteful and corrupt venture. He also criticised the President Bola Tinubu administration for spending N21 billion on a new official residence for Vice-President Kashim Shettima. Obasanjo made these remarks in chapter six of…

Ibadan: I lost ten shops, millions of naira goods to Alesinloye market inferno

Editor

A middle-aged woman simply identified as Alhaja Balikis has expressed her sorrow over the loss of ten shops and goods worth millions of naira due to a fire that engulfed over 70 shops at the popular Alesinloye market in the Southwest local government area on Wednesday. The incident occurred around midnight on Tuesday, leaving all the traders in the market devastated as they continue to assess their losses. Balikis, who has accepted her fate, explained that the fire started in two shops directly facing the State Fire Service at Alesinloye…

NASS strips South-West development commission of 3% seaports, airport revenues

Editor

The House of Representatives during Wednesday’s plenary made far-reaching changes to the South West Development Commission by deleting four major clauses from its Establishment Act. The report on the bill, which was gazetted for consideration on Tuesday’s Order Paper, was given accelerated consideration as the leadership of the House listed it for consideration on Wednesday’s Order Paper and subsequently reeled out a Supplementary Order Paper, where the bill was gazetted for Third Reading and passed. The bill seeks to “establish the South West Development Commission charged with the responsibility, among…

NAFDAC unveils app to help Nigerians detect fake drugs

Editor

The National Agency for Food and Drug Administration and Control has urged Nigerians to join the fight against the circulation of counterfeit and fake medical products. The agency stated that this could be achieved through the use of its latest verification app, the Greenbook. The Director-General of NAFDAC, Mojisola Adeyeye, made the call on Wednesday at the opening ceremony of a two-day sensitisation and awareness workshop on the Greenbook, traceability project, and paediatric policy in Port Harcourt, Rivers State. Adeyeye explained that the NAFDAC Greenbook, a comprehensive database of registered…

Fubara denied entry into Rivers assembly quarters

Editor

Rivers State Governor, Siminalayi Fubara, was on Wednesday denied access to the official quarters of the state House of Assembly along Aba Road, Port Harcourt, where lawmakers loyal to his predecessor, Nyesom Wike, have been holding their sittings. Fubara, who arrived at the complex in the company of top government officials, including the Secretary to the State Government, Dr. Tammy Danagogo, and his Chief of Staff, Edison Ehie, met a locked gate, effectively preventing his entry. Speaking to journalists at the scene, the governor accused Speaker Martin Amaewhule of deliberately…

JUST IN: Tinubu holds closed-door talks with Obasa, Meranda, others at Aso Rock

Editor

President Bola Tinubu is currently meeting with the Speaker of the Lagos State House of Assembly, Mudasiru Obasa, and other lawmakers from the state. The lawmakers arriving in a Coaster bus a few minutes past 2:00 pm (local time) on Wednesday, after which security officials ushered them into the President’s office complex. While Mojisola Meranda, who was recently elected Speaker, arrived with her colleagues, Mr Obasa arrived separately at about 3:00 pm. Details shortly…

Wale Tinubu hails Oando’s Trinidad refinery lease as Afro-Caribbean landmark

Editor

Oando Nigeria’s subsidiary, Oando Trading, has been officially selected as the preferred bidder to lease the refinery assets of Guaracara Refining Company from Trinidad Petroleum Holdings Ltd. The selection followed a formal written notification and an announcement by the Honourable Minister for Energy of Trinidad and Tobago on February 27. A corporate disclosure released through the Nigerian Exchange Ltd. on Tuesday reported that Oando Nigeria is listed on both the NGX and the Johannesburg Stock Exchange. Oando’s Group Chief Executive, Wale Tinubu, said that the development underscored the company’s track…

Tinubu in closed-door talks with PANDEF leaders at Aso Villa

Editor

President Bola Tinubu is meeting with leaders of the Pan Niger Delta Forum at the Council Chamber of the State House, Abuja. Tuesday’s meeting began at 04:15 pm (local time) when the President arrived at the venue. Convened by the elder statesman, Edwin Clark, who passed away in February, PANDEF is the mouthpiece of the traditional rulers, leaders, and stakeholders of the coastal states of the Niger Delta. At Tinubu’s request, the gathering observed a minute’s silence in Clark’s honour. It is one of a series of meetings between the…

Economic Uncertainty Drives Bitcoin Below $77K

Editor

Bitcoin and other major cryptocurrencies tumbled on Tuesday as concerns over the US economy and trade tensions grew. Bitcoin dropped 3.2% to $79,937 after hitting a low of $76,624. Ethereum fell sharply by 7.5% to $1,911. The global crypto market cap declined 4.3% to $2.6 trillion, The Economist reports. Solana, XRP, Cardano and Dogecoin also suffered losses, with Dogecoin plunging 8.5%. Investor confidence weakened after former US President Donald Trump, in a Fox News interview, mentioned a “period of transition” but did not clarify if his tariff policies might lead…