The American World Bank and the European International Monetary Fund, IMF, in the past few weeks, circled Nigeria like vultures waiting for the prey to die. The twin organisations have become more active and quite audacious since President Bola Ahmed Tinubu came to power on May 29, 2023. They are like predators, ready for the Read More…
A review of the Federal Competition and Consumer Protection Commission (FCCPC) Act has shown that President Bola Tinubu may have breached the law in his decision to unilaterally remove the agency’s Executive Vice Chairman, Babatunde Irukera. According to the Act, the president cannot unilaterally sack the FCCPC head without resorting to the Senate. The president’s Read More…
The Federal Government of Nigeria, led by President Bola Ahmed Tinubu, has expressed condolences to the families of victims affected by the recent spate of attacks in Plateau State, ordering immediate humanitarian aid for the affected communities. The Minister of Information and National Orientation, Alhaji Mohammed Idris, condemned the killings in Bokkos and Barkin-Ladi Local Read More…
British billionaire Jim Ratcliffe finalised a momentous deal on Sunday, acquiring a long-awaited 25% stake in Manchester United and committing to inject $300 million into the Premier League club to reignite its fortunes. The agreement, marking Ratcliffe’s INEOS group taking charge of the club’s soccer operations, concludes a period of uncertainty following the Glazer family’s Read More…
Amidst high-stakes discussions about the future of OpenAI, the company has announced the return of Sam Altman as CEO, just days after his abrupt removal, marking a significant turnaround for the AI powerhouse. The reinstatement of Altman follows intense negotiations, leading to an agreement that also involves a major overhaul of the board of directors, Read More…
Reports from Sky News suggest a potential milestone agreement between Manchester United’s American owners, the Glazer family, and British billionaire Jim Ratcliffe. The deal, set at $33 per share, signifies Ratcliffe’s acquisition of a significant 25% stake in the revered English soccer club. This impending deal, expected to be finalised imminently, marks the conclusion of Read More…
Manchester United’s Chief Executive Officer, Richard Arnold, is preparing to exit the club by year-end, marking a departure after a brief two-year tenure. Sources reveal this move aligns with the imminent sale of a minority share to billionaire Sir Jim Ratcliffe within the club’s ownership. According to Sky News, the official announcement of Arnold’s departure Read More…
The Central Bank of Nigeria (CBN) has categorically denied any intentions to redenominate Nigeria’s currency, the naira. This clarification came from Isa AbdulMumim, CBN’s Director of the Corporate Communications Department, in a statement issued on Tuesday in Abuja. There has been a circulation of social media messages suggesting that the CBN is considering the redenomination Read More…
