Author: Ayo

The Major Energies Marketers Association of Nigeria (MEMAN) has disclosed the landing costs of petrol, diesel, and aviation fuel, contradicting the Nigerian National Petroleum Company Limited’s (NNPC) persistent denial of subsidizing petrol prices. According to MEMAN, the landing cost of petrol stands at N1,117/litre, diesel at N1,157/litre, and aviation fuel at N1,127/litre, significantly higher than the current pump prices. This revelation has sparked debate, with experts like Prof. Wumi Iledare and Prof. Adeola Adenikinju suggesting that the government is absorbing the difference, effectively subsidizing petrol prices. The International Monetary Fund (IMF) has also warned Nigeria to remove implicit fuel and…

Nigerian songstress Ayra Starr has showered encomiums on her colleague Rema, describing him as her closest friend and “Greatest of All Time” (GOAT). In an interview with Munch Music, Starr revealed that Rema inspires her greatly, citing his experience and success in the music industry as a motivating factor. When asked about her closest friend among famous people, Starr didn’t hesitate to mention Rema, praising his supportive nature and brotherly relationship. While acknowledging their similar career paths, Starr clarified that Rema’s guidance and inspiration are invaluable to her growth as an artist. With a shoutout to Rema, Starr affectionately referred…

Nigerian disc jockey, DJ Cuppy, has expressed her pride in the impressive performance of four Nigerian afrobeats artists at the 2024 Wireless Festival in London. Asake, Rema, Ruger, and Shallipopi thrilled the audience with their electrifying performances, making DJ Cuppy proud to hail them on social media. “I have to hail all my brothers o! Congrats to @asakemusik, @heisrema, @shallipopi_, and @rugerofficial for their stellar performances at #WirelessFestival,” she wrote on her X handle. “Proud to see our Naij boys shining on the global stage. Carry last for wherrrreeee?!” This comes on the heels of Ayra Starr and Burna Boy’s…

World football governing body, FIFA, has initiated an investigation into racist chants by Argentina players following their Copa America victory. The chants, which targeted French striker Kylian Mbappe and included homophobic insults, were captured in a live video posted on social media by Chelsea and Argentina midfielder Enzo Fernandez. FIFA condemned the incident, stating, “FIFA strongly condemns any form of discrimination by anyone, including players, fans, and officials.” The French Football Federation has also lodged a complaint with FIFA over the chants. Chelsea has launched an internal disciplinary procedure against Fernandez, who has apologized for his actions. The club emphasized…

The Nigeria Labour Congress (NLC) has vowed to shut down the country for a month if the National Assembly proceeds with plans to deregulate the national minimum wage. NLC President, Joe Ajaero, made this declaration at the 67th Nigeria Employers’ Consultative Association Annual General Meeting in Lagos. Ajaero expressed outrage over a proposed law that would remove the minimum wage from the exclusive legislative list, allowing state governors to determine wages. He stated, “We cannot accept any situation where governors and National Assembly members will foist a slave wage on workers and force poverty on citizens.” The NLC president emphasized…

The Central Bank of Nigeria (CBN) has announced its 296th Monetary Policy Meeting (MPC), scheduled for next Monday and Tuesday, to address the nation’s escalating inflation and economic hardship. This meeting marks the fourth under the leadership of CBN Governor Olayemi Cardoso, appointed in September 2023. The CBN faces mounting pressure to address the rising inflation, which has led to a significant increase in the country’s interest rate from 18.75% in May 2023 to 26.25% in May 2024. Despite calls from financial stakeholders to pause interest rate hikes, the CBN maintains its tightening measures to control inflation. Muda Yusuf, director-general…

In a dramatic turn of events, Nigerian police operatives have apprehended Linus Williams, aka BLord, a prominent cryptocurrency billionaire, in Abuja on Tuesday. According to Force spokesperson, Muyiwa Adejobi, BLord’s arrest follows complaints lodged against his companies, including Blord Group, Blord Real Estate Ltd, Blord Jetpaye Limited, and Billpoint Technology. Adejobi revealed that the allegations against BLord include cryptocurrency fraud, aiding internet fraud, computer-related fraud, terrorism funding, and non-compliance with regulatory frameworks. He assured that the police will conduct a thorough investigation to ensure the country’s cyberspace is safe and secure. “The FCID (NPF-NCCC) is currently investigating the complaints, and…

In a glamorous ceremony held at the Santiago Bernabeu Stadium on Tuesday, Real Madrid officially welcomed Kylian Mbappe to their squad. The French sensation, who completed his medical examination earlier in the day, penned a five-year contract with the La Liga giants. Club president Florentino Perez presented Mbappe with the iconic No. 9 jersey, solidifying his position as the team’s new attacking ace. “For years I’ve dreamed of playing for Real Madrid, and today my dream has come true,” Mbappe beamed with pride. “I’m a happy boy. I’m going to give my life for this club,” he vowed, expressing his…

In a surprise move, former President Donald Trump announced on Monday evening that he has selected Ohio Senator JD Vance as his running mate for the 2024 US presidential election. Trump made the announcement on his social media platform, Truth Social. Vance, 39, is a young and controversial politician who has been a vocal supporter of Trump. Despite his youth, Vance has built a reputation as a staunch conservative and a skilled speaker. His selection as Trump’s running mate is seen as a strategic move to appeal to young voters and to capitalize on Vance’s celebrity status among conservatives. *A…

A devastating car bombing at a packed cafe in Somalia’s capital has claimed nine lives, according to security sources. The blast occurred late Sunday at Top Coffee restaurant, where football fans had gathered to watch the Euro 2024 final. Witnesses described chaotic scenes as people scrambled for safety, with the main entrance destroyed and a massive fireball engulfing the building. Mohamed Yusuf, a national security agency official, confirmed nine civilians died and 20 were injured in the explosion. The cafe, located near the presidential palace, was filled with young men watching the Spain-England final. “Most of them made their way…