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Governor Cardoso on the Causes of High Food Inflation

In a recent statement, Olayemi Cardoso, the Governor of the Central Bank of Nigeria, pointed out that the government's significant purchases of food items for distribution as palliatives to the vulnerable population have been a contributing factor to the rapid increase in food inflation. Cardoso's remarks were part of his input during the March meeting of the Monetary Policy Committee, as published on the CBN website earlier this week. During the meeting, the MPC announced an increase in the benchmark interest rate to 24.75 percent from 22.75 percent, with the aim of addressing the inflationary pressures. The latest Consumer Price Index report from the Nigerian Bureau of Statistics (NBS) revealed that the inflation rate in the country rose to 33.2 percent in March. Food inflation, in ...
Winner of GOtv Boxing Night 31 Takes Home N1m Prize
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Winner of GOtv Boxing Night 31 Takes Home N1m Prize

At the recently held GOtv Boxing Night 31 at the Indoor Sports Hall of the Teslim Balogun Stadium, Lagos, 16-year-old Raheem ‘Badoo’ Animashaun emerged victorious, claiming the top prize of N1m. The young boxer put on an impressive performance, securing a fourth-round technical knockout victory over the more experienced Samuel ‘Apata Roro’ Moses in their national light welterweight challenge. This win not only earned Animashaun the Mojisola Ogunsanya Memorial Trophy but also the coveted cash prize of N1m. Showcasing remarkable skill and agility, Animashaun dominated the fight from the start, employing clever feints, quick punches, and strategic maneuvers against his opponent. After scoring two knockdowns, the teenage boxer sealed the victory in the fourth round, prompting a thunderous a...
Victory for Young Talent as Animashaun Emerges Winner of GOtv Boxing Night and N1m Prize
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Victory for Young Talent as Animashaun Emerges Winner of GOtv Boxing Night and N1m Prize

A standout performance was delivered by 16-year-old Raheem ‘Badoo’ Animashaun, who clinched the title of best boxer at GOtv Boxing Night 31, held on Wednesday at the Indoor Sports Hall of the Teslim Balogun Stadium in Lagos. In a national light welterweight challenge bout, Animashaun secured victory with a fourth-round technical knockout against the more experienced Samuel ‘Apata Roro’ Moses, claiming both the prestigious Mojisola Ogunsanya Memorial Trophy and the accompanying N1m prize. Exhibiting impressive agility and speed, the young boxer dominated his opponent right from the beginning of the match, displaying a flurry of punches and tactical moves. The determined teen managed to knock down his adversary twice before conclusively ending the fight in the four...
Pep Guardiola Reveals Man City’s Edge Over Arsenal in EPL Title Race
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Pep Guardiola Reveals Man City’s Edge Over Arsenal in EPL Title Race

Man City's manager, Pep Guardiola, acknowledged that their experience in Premier League title challenges gives them a crucial edge over Arsenal. Currently, Arsenal leads the table with 80 points, just one ahead of City who still has an unplayed game. This weekend, Arsenal faces Bournemouth in the early match, while Guardiola's squad takes on Wolves at home. Guardiola has urged his team to secure all 12 points available in the remaining fixtures. "Our advantage over Arsenal comes from our experience in these title races," Guardiola expressed. He emphasized the importance of winning all 12 potential points left, stating, "Failing to do so will make it tough as Arsenal poses a strong challenge. It's in our hands," Guardiola concluded.
Incident of Woman Brutalizing 19-Year-Old Primary 3 Pupil in Anambra
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Incident of Woman Brutalizing 19-Year-Old Primary 3 Pupil in Anambra

Rescue efforts have been made by the Anambra State Government, specifically through the Ministry of Women and Social Welfare, for Chidiebere Otenyi, a victim of domestic abuse residing in Ezinifite, Aguata Local Government Area of the state. The perpetrator, Martha Umenweke, aged in her late 60s, has been apprehended and handed over to the police for further investigation and subsequent prosecution at the Children, Sexual and Gender-Based Violence Magistrate court in Awka. These details were divulged in a statement by Chidimma Ikeanyionwu, the Media Aide to the Anambra State Commissioner for Women and Social Welfare, Ify Obinabo, on Friday. The victim's rescue was prompted by a whistleblower who brought the distressing situation to the ministry's attention. An excerpt from the statement...
Former France defender suggests the club Mourinho should join if he returns to England
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Former France defender suggests the club Mourinho should join if he returns to England

William Gallas, a former France defender, has recommended Chelsea to re-hire Jose Mourinho as the manager for the upcoming season amid growing speculation surrounding Mauricio Pochettino's future at Stamford Bridge. Having been without a job since his dismissal by Roma in January, Mourinho is now rumored to be considered for a third spell at Chelsea. Reflecting on his successful stint at Chelsea where they secured two Premier League titles under Mourinho, Gallas expressed his enthusiasm, stating, “If Mourinho returned, it would bring excitement to the Premier League. He continued, “I believe everyone would eagerly anticipate the clash of tactics between Mourinho, Pep Guardiola, and Mikel Arteta - something extraordinary would unfold. It would be a thrilling spectacle." Responding to a...
Nigerians urge NFF to disclose Finidi’s contract details
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Nigerians urge NFF to disclose Finidi’s contract details

Calls have been made by various football stakeholders for the Nigeria Football Federation (NFF) to reveal the specifics of newly appointed Super Eagles coach George Finidi's contract, following his recent appointment, as reported by NewsNow. The NFF Board approved the selection of the former Ajax and Betis player based on the recommendation from its Technical and Development Committee. However, the details of Finidi's contract have raised questions among football enthusiasts. In a statement released on Monday announcing the appointment of the Enyimba coach, the football governing body did not provide information regarding the duration or compensation of the coach's contract. “The Board of Nigeria Football Federation on Monday approved the recommendat...
Time for the People: Otti Declares an End to Politician’s Reign
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Time for the People: Otti Declares an End to Politician’s Reign

According to Abia State Governor, Alex Otti, it is now the turn of the masses to experience the benefits of democracy under his administration. During a meeting with a delegation from Course 17, Syndicate 2 of the National Institute for Security Studies, Abuja, at Government House Umuahia, Otti expressed his commitment to providing good governance for the majority, not just a select few politicians. He criticized the past administrations in the state for selfishly exploiting the state's resources for their own gain since the advent of democracy in 1999. Otti highlighted his recent decision to clear the backlog of pension arrears dating back to 2014 as a clear indication of his dedication to prioritizing the welfare of the masses who have been neglected by the ruling class. He assured ...
Judicial action halts the enforcement of revised electricity pricing 
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Judicial action halts the enforcement of revised electricity pricing 

An order has been issued by a Federal High Court in Kano blocking the National Electricity Regulatory Commission and the Kano Electricity Distribution Company from executing the new electricity tariffs designated for Band A consumers. The legal action, identified as FHC/KN/CS/144/2024, was initiated by Super Sack Company Limited and BBY Sacks Limited. Other parties involved include Mama Sannu Industries Limited, Dala Foods Nigeria Limited, Tofa Textile Limited, and Manufacturers Association Of Nigeria Limited. Whilst deliberating on an ex-parte motion by Abubakar Mahmoud, the representative for the plaintiffs, the presiding judge, Abdullahi Liman, directed NERC and KEDCO to refrain from proceeding with the forthcoming tariff until the motion raised before it is ...
Revocation of Arrest Warrant Against Fubara’s Chief of Staff and Others by the Court
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Revocation of Arrest Warrant Against Fubara’s Chief of Staff and Others by the Court

Chief of Staff to the Governor of River State, Siminalayi Fubara, Edison Ehie, has been relieved of an arrest warrant by the Federal High Court in Abuja. Justice Emeka Nwite declared the initial action null and void, citing lack of jurisdiction in the court's order dated April 25, 2024. Jinjiri Bala, Happy Bennett, Progress Joseph, Adokiye Oyagiri, and Chibuike Peter were also impacted by the rescinded order. In his ruling, Justice Nwite emphasized, "The decision taken on January 31, 2024, to issue arrest warrants and declare the defendants wanted lacked the necessary legal authority and is hereby annulled." Allegations of involvement in terrorism prompted the legal action against the Chief of Staff and the others, leading to the issuance of the warrants shortly thereafter. Oluwile Ala...