The healthcare systems of several African nations, including Nigeria, have suffered a severe setback as numerous clinics have been forced to close due to funding reductions from the United States Agency for International Development (USAID). This agency, a key player in global health efforts, has decreased its funding for various health initiatives in Africa, attributing […]
Oliver Alawuba, the Group Managing Director/CEO of United Bank for Africa (UBA), has urged the Nigerian government to implement strategic tax incentives to foster economic transformation and help the nation move toward realizing a $1 trillion economy by the year 2030. During a recent economic forum, Alawuba highlighted the necessity for specific reforms, stressing […]
The National Bureau of Statistics (NBS) has published its latest findings, indicating that Nigeria’s inflation rate surged to 24.23% in March, up from 23.18% in February. This marks the highest inflation rate in 17 months, raising alarms for economists, policymakers, and the public. The NBS notes that food inflation, a significant component of the […]
The Lagos State Government has announced an ambitious $3 billion railway project known as the Lagos Green Line, aimed at transforming transportation in the city’s eastern corridor from Marina to the Lekki Free Zone. Spanning 68 kilometers and featuring 17 stations, this railway initiative is a key part of Governor Babajide Sanwo-Olu’s plan to […]
Anambra State has reportedly mandated that all non-indigenes and non-residents in Nnokwa must either obtain non-indigene and tenancy agreement forms or leave the community. While this move may be presented as a measure of local governance and community order, it highlights a more profound issue in Nigeria’s social and political landscape—one that exposes our shared […]
Dr. Olisa Agbakoba Raises Concerns Over the Validity of Sexual Harassment Allegations Against Senate President Akpabio Renowned legal expert Dr. Olisa Agbakoba, SAN, has expressed skepticism regarding the sexual harassment claims made by Senator Natasha Akpoti-Uduaghan against Senate President Godswill Akpabio, highlighting what he refers to as “serious inconsistencies” in her account. In a press […]
A Ponzi scheme is a fraudulent investment strategy where returns to existing investors come from the contributions of new investors, rather than legitimate profits. This creates a deceptive illusion of a profitable venture, enticing further investment. The scheme depends on a continuous flow of new participants to pay returns, instead of earning income through genuine […]
A heartbreaking event has rocked the Ini Local Government Area in Akwa Ibom State, as a young Point-of-Sale (PoS) operator named Utibe Eteffia allegedly took his own life after losing ₦2.5 million to suspected internet scammers, commonly known as “Yahoo Boys.” Utibe, believed to be in his early 30s, was a successful businessman based […]
Hungary’s parliament has enacted a constitutional amendment that permits the government to ban LGBTQ+ public events, prompting strong backlash from human rights organizations and global observers. The controversial amendment, supported by Prime Minister Viktor Orbán’s right-wing Fidesz-KDNP coalition, received approval on Monday with 140 votes in favor and 21 against, achieving the necessary two-thirds […]
In a significant intensification of the trade dispute between the U.S. and China, Beijing has instructed its airlines to cease deliveries of new Boeing aircraft and defer purchases of American-made aviation parts. This decision, confirmed by various industry sources, highlights the increasing economic strain between the two largest global economies. This directive follows the […]
