Afrobeats superstar David Adeleke, popularly known as Davido, has disclosed that he spends between $200,000 and $300,000 every month on personal expenses while in Nigeria. The award-winning singer made the revelation during a live session on Davrel Twitch, where he explained that his spending habits differ significantly depending on whether he is in Nigeria or…
By Seun Ibiyemi Stakeholders in Nigeria’s tourism and hospitality sector have called for the adoption of a hybrid governance framework that combines statutory regulation with professional recognition to strengthen workforce development and enhance the industry’s global competitiveness. The recommendation was made at the National Institute of Hospitality and Tourism (NIHOTOUR) Stakeholder Engagement Forum held on…
A Federal Capital Territory High Court sitting in Apo, Abuja, has ordered the final forfeiture of assets valued at about ₦8.94 billion allegedly linked to businesswoman and founder of Oceangate Engineering Oil & Gas Limited, Aisha Achimugu. Justice Jude Onwugbuzie granted the order on Thursday following an application filed by the Economic and Financial Crimes…
Former Chelsea and Real Madrid winger Eden Hazard has defended Belgium goalkeeper Senne Lammens following his error in Belgium’s 2–1 defeat to Spain in the quarter-finals of the 2026 FIFA World Cup. Lammens came under criticism after he spilled Pau Cubarsí’s long-range effort into the path of Mikel Merino, who capitalised on the rebound to…
Chief of Staff to the President, Femi Gbajabiamila, has instituted a N15 billion defamation suit against Prince Adeniyi Adeyemi at the High Court of the Federal Capital Territory, Abuja, over allegations that he demanded a 48 per cent kickback from a N27.3 billion take-off grant approved for a federal agency. In the suit, Gbajabiamila is…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has warned that Nigeria’s inflation crisis remains largely structural despite the marginal decline in headline inflation recorded in June 2026, stressing that rising food prices continue to threaten household welfare and economic recovery. In its assessment of the June inflation report released by…
By Seun Ibiyemi President Bola Ahmed Tinubu has unveiled three major intervention programmes valued at more than $3.05 billion, aimed at strengthening human capital development, supporting vulnerable communities and accelerating Nigeria’s economic recovery. The programmes, launched on Thursday at the State House Conference Centre in Abuja, include the Nigeria Community Action for Resilience and Economic…
By Seun Ibiyemi The President of the Alumni of the Maritime Academy of Nigeria, Oron (AMANO), Mr Emmanuel Maiguwa, has commended the Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, for what he described as visionary leadership and reforms aimed at repositioning Nigeria’s maritime sector for sustainable growth and global competitiveness. Maiguwa gave the…
By Seun Ibiyemi Stakeholders in Nigeria’s power and development sectors have stressed the need for improved electricity access to drive productivity, create jobs and accelerate economic growth across the country. The call was made on Wednesday during the National Stakeholders Engagement Workshop organised by the Rural Electrification Agency (REA) in Abuja in collaboration with the…
By Seun Ibiyemi The naira traded with relative stability against the United States dollar on Thursday, maintaining the cautious gains recorded in recent weeks as ongoing reforms by the Central Bank of Nigeria (CBN), improved foreign exchange liquidity and renewed investor confidence continued to shape the country’s currency market. Despite lingering pressure from import demand…
