Blog masonry

Ghana has shown me more love than Nigeria says Oxlade

Nigerian Afrobeat musician, Oxlade has claimed that he receives more love from Ghana than his home country. Oxlade made known speaking on his decision to feature Sarkodie, Ghanaian hip-hop legend on his debut album, “Oxlade from Africa.” During his latest interview, the singer clarified his earlier posts on X where he said some “OGs” were boycotting and blackmailing him. He explained that the posts were triggered by his dislike of people trying to play god in the Nigeria music industry.

10/16/2024 2

Business

Low Investment Slows Nigeria’s Oil Exploration In September

Nigeria’s crude oil exploration slowed year-on-year in September 2024, due to low investment in the upstream petroleum sector, according to a newly released report by the Organisation of Petroleum Exporting Countries (OPEC) Data provided by Direct Sources, according to OPEC, said crude oil production dropped marginally from 1,352 million barrels per day in August to 1, 324 million barrels per day in September 2024. In the latest October 2024 Monthly Oil Market Report, OPEC also said Nigeria’s number of rigs […]

10/16/2024 4

World

Kenya Senate Begins Debate On Deputy President Impeachment

Kenya’s Senate today began debating the impeachment of Deputy President Rigathi Gachagua after the embattled politician lost yet another court bid to stop the process. In a historic move last week, the lower House of parliament, the National Assembly, voted overwhelmingly to impeach Gachagua on 11 charges including corruption and abuse of office, but the 59-year-old has denied all the allegations and will continue to serve in his role until the Senate decides whether to approve his removal. The upper […]

10/16/2024 4

News

Adeleke Claims to Generate 15% of Nigeria’s Electricity

Billionaire businessman Adedeji Adeleke, father of singer Davido, has stated that he generates 15% of Nigeria's electricity. Speaking at the Seventh-Day Adventist Church's General Conference on October 15th, Adeleke revealed his involvement in the power sector, noting that he owns power plants and is building the country's largest thermal power plant, set to launch in January 2025. Davido previously mentioned that his family plays a key role in distributing electricity across Nigeria.

10/16/2024 2

News

World Bank Wants Nigeria’s Hardship for 15 More Years says Shehu Sani

The Former Kaduna Central Senator, Shehu Sani, on Wednesday has accused the World Bank of contributing to Nigeria’s ongoing economic hardship. He claimed the organization aims for these challenges to persist for another 15 years before any relief is seen. On his X ,Sani’s statement comes as the World Bank recently reported that the Nigerian Naira is one of the worst-performing currencies in sub-Saharan Africa, alongside the Ethiopian Birr and South Sudanese Pound. The report attributes the Naira's decline—down 43% […]

10/16/2024 2

News

South East set for economic revival, as SEBIS unveils strategic plans

The South East Business and Investment Summit Group (SEBIS) on Wednesday has highlighted key challenges affecting investment in the South East, such as limited government support, restricted access to finance, high interest rates, and lack of business structures. Ahead of the December 2024 summit, SEBIS Executive Secretary, Ifedi Okwenna, emphasized that insecurity and an unfavorable business environment have discouraged investors, causing the region to fall behind economically. The upcoming summit in Enugu aims to attract over 1,000 business leaders and […]

10/16/2024 2

News

lsiguzoro warns ohakim against deceitful elites

Apex Igbo socio-cultural Organization , Ohanaeze Ndigbo has strongly condemned the Igbo Progressive Movement's push to back former Imo State Governor, Ikedi Ohakim, for the next President-General of the organization. With less than 90 days until the scheduled election, Ohanaeze urged Chief Ohakim to reject the offer, calling it detrimental and an obstacle to allowing Rivers State to produce the next President-General. On Wednesday, the group emphasized that the leadership transition must proceed without attempts to alter the constitution or […]

10/16/2024 2

News

Abia government disburses interest-free loans to young farmers

The Abia State Government has announced the commencement of disbursement of interest-free loans to 302 youths trained in agricultural ventures within the state. The Commissioner for Information and Culture, Okey Kanu made the announcement during a press briefing regarding the outcomes of the State Executive Council meeting at the Government House in Umuahia. The commissioner stated that the beneficiaries of the loans were sponsored for the training program as part of the government's efforts to boost food production in the […]

10/15/2024 4

News

FG plans 18-month fundraising for $2bn fibre-optic project

The Federal Government has announced plans to invest $2 billion in a project to deploy 90,000 kilometers of fiber optic cable across Nigeria. Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, made the announcement on Monday during a facility tour of the vandalized Digital Innovation Park in Kano. This initiative aims to expand the country's fiber optic capacity from 35,000 kilometers to 125,000 kilometers, enhancing the terrestrial fiber optic backbone in Nigeria. Tijani emphasized that this investment will deliver […]

10/15/2024 2