Nigerian Government welcomes Moody’s Investors Service’s latest upgrade of Nigeria’s long-term foreign-currency issuer rating from Caa1 to B3, with a Stable Outlook. This is a significant vote of confidence in the country’s economic direction and ongoing reform agenda. This upgrade reflects growing international recognition of Nigeria’s progress in stabilising its macroeconomic environment, enhancing fiscal transparency, improving debt sustainability, and implementing market-oriented reforms under President Bola Ahmed Tinubu’s leadership. According to Moody’s, the improved rating is based on “a more resilient fiscal position, stronger external accounts, and the government’s demonstrated commitment to macroeconomic and structural reforms.” This includes measures taken to…
Author: Ayo Oye
Not so many people know him by his birth name: Oshiomah Brian Peter Okhuemoi. But mention D’Grandmaster, and heads will turn in the Lagos social circle. This is as a result of his ever expanding fan base following the unique way in which he has brought alive evergreen music of yesteryears, both locally and internationally. Indeed, not many will believe if you tell them that the man they know as the Old School Grandmaster is a graduate of engineering, who is into hospitality. Born on June 1, 1975 to the family of late Chief Peter Daniel and Madam Rita Okhuemoi,…
The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, has secured the conviction and sentence of 11 Filipinos, two Chinese, one Malaysian and one Indonesian to one year imprisonment each for cyber-terrorism and internet fraud before Justices Yellim Bogoro and A. O. Owoeye of the Federal High Court sitting in Ikoyi, Lagos. The convicts were arraigned on Friday, May 30, 2025, on separate charges bordering on possession of fraudulent documents. The convicts are: Winnie De Jesus, Kayceelynn Remorin, Irish Chna, Darwisa Esmael, Kimberly Nisperos, Savien Cire Renovilla, Zeng Zerong and Guo Bin, Others are: Jessa Sanchi,…
No fewer than 21 people have been confirmed dead including 12 members of a family in a flood that occurred at Tiffin Maza and Anguwan Hausawa communities in Mokwa Local Government Area of Niger State. The midnight flood which occurred Wednesday night was said to have left many other persons, including over 50 almajiri missing and destroyed many homes. Although the Niger State Emergency Management Agency (NSEMA) confirmed 21 dead, residents however, said the casualty figure could be over 60. According to DAILY TRUST, many of the victims of the incident, believed to be caused by a torrential downpour on…
● Directs BPP to enforce use of Open Competitive Bidding as the default method of procurement… The federal government has approved the revision of the subsisting Prior Review and Monetary Thresholds for service-wide application for procurement of goods, works and services. The approval is a sequel to government’s deliberate bid to ensure sustained and realistic procurement outcomes in the face of current economic realities and to enhance budget implementation and ease of doing business. The approval was contained in a circular directed to relevant officials and offices, dated May 27, 2025 and signed by the Secretary to the Government of…
The Mbaishii Autonomous Community in Ngor-Okpala Imo State, has lamented what they described as an illegal and unconstitutional takeover of 30,000 hectares of farmland. by the state government.This is as legal actions have been instituted across several courts in the state against both the government and the Zion Ministry which they allegedly accused was the beneficiary of the lands illegally taken over by the government. At a world press conference in Abuja, the Mbaishii People’s Assembly presented a detailed account of legal violations and ongoing lawsuits, including cases HOW/184/2024, HOW/967/2024, HOW/15/2025, and HOW/191/2025, all challenging the state’s actions and seeking…
Sheikh Ahmad Gumi, a renowned Islamic scholar has been denied entry into Medina upon arrival in the Kingdom of Saudi Arabia to perform the 2025 Hajj rites. Gumi reportedly arrived in Medina last Saturday at around 10:30 p.m. aboard an Umza Air flight alongside other clerics. However, upon arrival at the city’s airport, Saudi immigration officials barred him from entering the country. Sheikh Gumi confirmed this development in a Facebook post on Monday, revealing that the Saudi Arabia government issued him a visa for Hajj. According to him, “For some obvious reasons, my views about world politics, the Saudi authorities…
A former Chairman and current director of Wemabod Limited, Otunba Oluseyi Oduntan, has stated that the honourary Doctorate Degree in Business conferred on him by the University of America, Curacao (Netherlands and California, USA), has further inspired him to continue contributing to growth and development in an increasingly interconnected world. Otunba Oduntan, who was the Executive Vice Chairman (EVC) of the defunct Compass Newspaper, made this known during the conferment ceremony held on Saturday at the Creative Arts Hall, Department of Creative Arts, University of Lagos. The award, which was in partnership with ICLED Business School Lekki Lagos, led by…
It was a roll call of who is who in Oluyole Local Government as the All Progressives Congress Chairman in the local govt, Alhaji Waheed Akinleye led party executives, leaders and other dignitaries to the burial rites of the late Organizing Secretary of the party, Mr. Samuel Adesoji Okunade who passed on, on Wednesday May 7, 2025. In a rare show of love and deep affection, party leaders attended the Service of Songs, Christian Wake, burial service and interment at the Wesley Cathedral Church, Elekuro, Ibadan yesterday and today, Friday May 23, 2025. According to a release by the Publicity…
Operatives of the Kaduna State Police Command have arrested a housewife for allegedly killing her co-wife’s three-months baby boy. A statement by ASP Mansir Hassan, Kaduna state Police Public Relations Officer, said the incident occurred on May 13, 2025. The suspect, Zaliha Shuaibu, of Malari Village in Soba Local Government Area of Kaduna state, was accused of committing the crime at their residence where both wives live. Prompt News reports that police’s preliminary investigation reveals that the baby’s mother, Maryam Ibrahim, had briefly stepped out to use the restroom, leaving her infant son in her room. However, upon her return,…