Author: News Room
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said the economic volatility that followed the removal of petrol subsidy and reforms in the foreign exchange market was unavoidable. Mr Oyedele stated this in an interview with The African Report. According to him, the reforms were necessary to address distortions created by years of fuel and foreign exchange subsidies. “If you think about where we started, about three years ago, it was a situation where there was a lot of economic distortion, particularly coming from fuel subsidy, FX subsidy and a lot of other market distortions,”…
Cast: Eronini Osinachi, Jude Chukwuka, Tina Mba, Chima Bright Onwuama, Mary Jeremiah Story: Biodun Stephen Director: Olubunmi Akingbola Producer: Biodun Stephen The opening scene shows a young woman in silk pyjamas with a matching scarf, reclining on red pillows atop a dark-coloured sofa, ankles crossed, arms tucked between her legs, weeping profusely. The combination of the wailing and sombre music score is quite sad. One wonders what brought about this melancholic display. Did someone die? Did she lose a parent? A child? What induced this great sorrow? All the questions are soon answered when a young boy interrupts her brooding…
Former Minister of Foreign Affairs, Yusuf Tuggar, has reaffirmed his loyalty and support for President Bola Tinubu’s transformational policies and programmes. He also dismissed reports misinterpreting his remarks in a recent Hausa-language interview, calling them misrepresentations of fact. Tuggar made the clarification in a statement issued on Sunday in Bauchi by his media aide, Abdulkadir Alkassim. “For the avoidance of doubt, Ambassador Tuggar did not criticise or question President Bola Ahmed Tinubu in any way. Any suggestion to the contrary is false and a deliberate distortion of his remarks. “The former minister remains a loyal supporter of the President, fully committed to…
Muhammed Rilwanu Lawal has emerged as the consensus governorship candidate of the Labour Party (LP) in Kaduna State for the 2027 general election. The primary election, which took place in Kaduna on Saturday, witnessed a large turnout of party members who participated in the selection of aspirants to represent the party in the 2027 general elections. The exercise was generally described as peaceful and orderly. The chairman of the Labour Party Governorship Election Committee, Dr Oluwa Femi, commended the manner in which the exercise was conducted, saying it demonstrated the unity and cohesion among party members despite their differences. He said,…
The Zamfara State Police Command has arrested three suspected members of an armed criminal gang allegedly responsible for terrorising residents of Kasuwan Daji in Kaura Namoda Local Government Area. The command’s spokesperson, DSP Yazid Abubakar, disclosed this in a statement on Saturday, stating that the suspects were apprehended during a targeted operation carried out by operatives of the Violence Crime Response Unit (VCRU) on May 29, 2026. According to the statement, the operation was launched following credible intelligence on the activities of the gang, which had been under police surveillance due to its alleged involvement in a series of criminal incidents…
Neymar will again wear the No.10 shirt for Brazil at the 2026 World Cup. The South American nations have officially confirmed squad numbers ahead of the tournament. Neymar will be playing at the World Cup, after head coach Carlo Ancelotti chose to keep him despite recent injury struggles. Not only will he be at the competition, but he will also be wearing the iconic No. 10 jersey. The Santos forward is not fully fit and could miss Brazil’s opening match due to a calf problem. Neymar’s inclusion and his assignment of the No. 10 come after months of speculation regarding…
Former Minister of Foreign Affairs, Yusuf Tuggar, has reaffirmed his loyalty to President Bola Tinubu and the administration’s policies, dismissing reports suggesting he criticised the President in a recent interview. Tuggar, in a statement issued on Sunday in Bauchi by his media aide, Abdulkadir Alkassim, said his remarks in a Hausa-language interview had been misrepresented and taken out of context. “For the avoidance of doubt, Ambassador Tuggar did not criticise or question President Bola Ahmed Tinubu in any way. Any suggestion to the contrary is false and a deliberate distortion of his remarks,” Alkassim said. He added that “the Minister…
The Minister of Aviation and Aerospace Development, Festus Keyamo, has called on former President Goodluck Jonathan to publicly reject the presidential nomination reportedly offered to him by a faction of the Peoples Democratic Party. Keyamo said the PDP faction that announced Jonathan as its candidate for the 2027 presidential election is not recognised by the Independent National Electoral Commission. Recall that a faction of the PDP led by Tanimu Turaki had recently named Jonathan as its presidential candidate for the 2027 election. This came weeks after another faction led by supporters of the Minister of the Federal Capital Territory, Nyesom…
Cristiano Ronaldo has extended his dominance at the summit of global sports earnings after being named the world’s highest-paid athlete for a sixth time, including four consecutive years at No. 1. According to Forbes on Sunday, the 41-year-old Portuguese forward’s latest ranking places him among the most consistently dominant earners in the history of professional sport, with only NBA legend Michael Jordan (six times) and golf icon Tiger Woods (11 times) having spent more time at No. 1. Forbes noted that Ronaldo’s latest achievement further underlines his sustained position at the top of the earnings ladder, saying he has now…
Bitcoin (BTC) is rebounding from a key on-chain support zone, putting the $78,000 level back in focus for bulls.Key takeaways:BTC is eyeing a rebound to $78,200, the realized price of BTC held for three to six months.A sustained move above this cost basis could put Bitcoin on track for a push above $100,000 by year-end.BTC’s short-term holders defend $71,400 cost basisBitcoin rebounded roughly 2.5% over the weekend to reach $74,000 on Sunday, with the recovery beginning near $72,500.The local low came close to the realized price of BTC held for three to six months (orange), a cohort often used to…
