Kanayo O. Kanayo blesses his son.(Why)

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May 10, 2024

Actor Kanayo O. Kanayo advises giving your first salary to your father for his blessing instead of your pastor. He shares a video of himself blessing his son.

Veteran Nollywood actor, Kanayo O. Kanayo, advises young people to prioritize giving their first salaries to their fathers for blessings, rather than to pastors. Recently, he shared a video of his son, Clinton Mbaise, presenting him with the N50,000 he earned from a movie role. Kanayo emphasized the cultural practice of seeking a father’s blessing, stating that it has been instrumental in the progress of many individuals. He underscored the significance of a father.

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Pastor Jerry Eze shows love to his choir

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May 10, 2024

Pastor Jerry Eze shows appreciation to choir with car gifts.

Pastor Jerry Eze, founder of Streams of Joy International Ministry and the NSPPD movement, recently showed his generosity by gifting six dedicated choir members brand new saloon cars. In a heartwarming moment captured on video, Pastor Eze presented the keys to the new rides to members of his worship team within the NSPPD movement. Overwhelmed with joy and excitement, the singers expressed heartfelt appreciation for Pastor Eze’s kindness, shedding tears of joy and going down on their knees to thank him. The emotional video touched many on social media, with users praising Pastor Eze for his generosity and heartwarming gesture.

Watch full video here https://www.instagram.com/reel/C6xxDotoaVZ/?utm_source=ig_embed&ig_rid=fa631e73-6bc1-4ab8-a0dd-bba0cf77b218

Here are some reactions:

dammyjaystore: “What God cannot do does not exist 😍”.
whity_angel_rose: “E Dey play e Dey show 👏🔥🔥🔥🔥”.
catiloh: “This is what we are talking about🙌🙌🙌”.
isrealcourage: “To show say pastors Dey get am clear for this country make I just get small money nah church I Dey go open 😂”.
i.karlis: “This is how pastors should be

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Davido fires his lawyer and friend.

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May 10, 2024

Davido and Lawyer Bobo Ajudua Go Separate Ways.

Davido has parted ways with his longtime lawyer and friend, Bobo F. Ajudua, aka Prince_ii. Sources revealed the news of Bobo’s firing to LIB in an exclusive chat. Ajudua, who attended the same secondary school as Davido and once co-managed the singer, was part of his music management team. While the reason for the firing was not specified, shortly after Davido’s decision, his logistics manager, Israel Afeare, aka Israel DMW, celebrated on Instagram with dancing and singing. He posted several laughing face emojis and a final post hailing his boss, Davido.

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Prince Harry and meghan markle visits school

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May 10, 2024

Nigeria Welcomes Prince Harry and Meghan Markle for School Visit.

Meghan Markle and Prince Harry landed in Nigeria on May 10 for their first official international tour since stepping back from their royal roles in 2020. They were spotted at Nnamdi Azikiwe International Airport in Abuja before visiting the Lights Academy to interact with students. The couple is in Nigeria to support the Invictus Games, founded by Harry to aid wounded and sick servicemembers and veterans. Their visit was at the invitation of the Chief of Defense Staff.

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I am Gay Nigerian man in the Uk

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May 10, 2024

Nigerian man in UK faces family pressure to marry a woman.

A Nigerian man named Charles, residing in the UK, shared on TikTok how his family has pressured him to marry a woman despite knowing he is gay. He revealed that his aunts and late mother have attempted to set him up with various women for marriage, despite being aware of his sexual orientation.

watch video here https://www.instagram.com/p/C6xy34lN9OS/

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The IMF warns the FG about amending the CBN Act

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May 10, 2024

The IMF warns the Federal Government about amending the CBN Act.

The IMF cautioned Nigeria against amending the CBN Act, advising instead to strengthen the central bank. They supported raising minimum capital for banks and urged unwinding pandemic-related regulatory forbearance. The IMF also praised efforts to boost tax enforcement and scale up cash transfer programs to address food insecurity.

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Our assembly is new,Fubara is not welcomed.

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May 10, 2024

Assembly Speaker Amaewhule expressed, “Our quarters are still new, and we’re not interested in having Fubara here.”

Rt. Hon. Martin Amaewhule, the factional Speaker of the Rivers State House of Assembly, emphasized that the legislative quarters were still new and didn’t require renovation. He expressed surprise at the governor’s uninvited visit and raised concerns about possible demolition plans. Amaewhule stressed that their authority and legitimacy remain intact, citing a Federal High Court judgment affirming his speakership and the membership of the 27 lawmakers. He urged supporters of democracy to intervene and called for restraint from those collaborating with the governor.

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Bode George-Wike is real PDP memeber.

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May 10, 2024

Wike is a genuine member of the PDP and denies allegations of working against the party.

Bode George, a PDP stalwart, assures that Nyesom Wike remains a loyal member of the party and is not undermining it, despite his role in the APC-led government. George emphasizes the need for party unity and understanding, highlighting Wike’s intention to serve in the APC government while still remaining committed to the PDP. He encourages party members to focus on resolving internal issues and contributing positively to the party’s growth.

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Miyetti Allah condemns killing in SE

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May 10, 2024

Miyetti Allah criticizes reported killings of its members in the South-East.

Miyetti Allah, a legitimate pastoralist organization, has expressed concern over the killings of its members in the South-East, accusing indigenous security outfits of being behind the violence. Gidado Siddiki, the group’s National Deputy Director-General, emphasized their innocence in recent incidents and urged thorough investigations to bring the perpetrators to justice. He highlighted the loss of lives and cattle in Anambra and Enugu States and called for fair treatment and support from local authorities. Siddiki emphasized the need for distinguishing between genuine pastoralists and criminal elements, urging collaboration to address security challenges.

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A Reporter’s Account of Market Mayhem

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May 10, 2024

Chaos in Ile-Epo: A Reporter’s Account of Market Mayhem

Dayo Oyewo found himself amidst chaos when he rushed to investigate a fire incident at Ile-Epo Market in Lagos. Initially mistaken for a pipeline explosion, he soon discovered it was a market fire. Despite challenges gaining entry, Dayo navigated through distraught traders salvaging their goods. He learned the conflict erupted over a bet, leaving traders devastated. Despite the fire service’s arrival, tensions escalated, highlighting the dire need for intervention to prevent further clashes. Through it all, Dayo bravely captured the unfolding events, shedding light on the plight of those affected.

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Mtn profit wiped out due to Naira devaluation.

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May 10, 2024

Naira devaluation wipes out profits despite MTN, Airtel’s good Q1

In the first quarter of 2024, Nigerian telecom companies faced significant foreign exchange losses due to currency devaluation, with MTN and Airtel recording a combined loss of N511.27 billion. Despite this, both companies saw strong revenue growth in constant currency terms. Airtel Africa’s CEO attributed this growth to their strategic approach. However, the losses have prompted calls from industry associations for tariff increases to address economic challenges. MTN’s CEO emphasized the need for tariff adjustments to sustain industry growth amid challenging conditions. ALTON’s president emphasized the need for a sustainable solution to industry challenges to ensure continued innovation and connectivity benefits for consumers.

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6 key points on the charges against Sirika

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May 10, 2024

Here are the key points regarding the six charges against Sirika, the former Minister of Aviation.

Former Aviation Minister Hadi Sirika and his daughter Fatima appeared in court in Abuja on Thursday to face charges related to the failed Nigerian Air project. The Economic and Financial Crimes Commission (EFCC) has accused them, along with two others, of multiple counts of fraud.

According to the EFCC, Sirika used his position as minister to favor certain companies in awarding contracts, including Tianaero Nigeria Limited and Al Buraq Global Investment Ltd, which are linked to his associates and family members. The charges allege that Sirika and his daughter, along with their associates, unlawfully benefited from these contracts.

Despite the charges, Sirika has pleaded not guilty to the allegations.

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Credit hit all time low for Government

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May 10, 2024

Government credit hits a one-year low despite increased interest rates.

Despite higher interest rates on government securities, commercial banks’ credit to the government fell to a one-year low in the first quarter of 2024. This decline, along with a decrease in credit to the whole economy, was attributed to the Central Bank of Nigeria’s contractionary measures. Banks also reduced lending to the private sector. The tightening measures aimed to curb inflation, which rose to 33.2 percent in March 2024. However, they have impacted Nigerians’ purchasing power and tax payments. Additionally, banks are favoring treasury securities over direct lending due to attractive yields. The IMF has suggested increasing Open Market Operations bills to address excess liquidity. The recent securitization of the remaining Ways and Means debt balances aims to improve debt sustainability.

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Target high-net-worth individuals

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May 10, 2024

Target high-net-worth individuals

The National Economic Summit Group criticized the timing of the cybersecurity levy imposed by the Central Bank of Nigeria, arguing that it should target the wealthy rather than the vulnerable. NESG stated that amidst rising inflation and a cost of living crisis, the levy would burden the poor further. They suggested targeting high-net-worth individuals instead and providing specific electronic transfers to alleviate concerns. NESG warned that the levy might prompt Nigerians to avoid electronic transactions, potentially reducing revenue. They called for proper policy sequencing and consultation before implementing the levy, suggesting deferring it until the presidential tax reforms and fiscal policy committee’s mandate is clear.

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Network providers complain bitterly

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May 10, 2024

Network providers complain about a challenging business environment.

Nigerian network providers expressed their concerns about the challenging business environment in the telecommunications sector. At the launch of the Nigeria Digital Economy Report by GSMA in Abuja, Karl Tariola, CEO of MTN, highlighted various issues affecting the sector, including insecurity, high operational costs, and taxation. He emphasized that these challenges were diminishing returns on investments and making the sector less attractive to investors.

Tariola pointed out that despite significant investments in infrastructure, the telecommunications industry was experiencing poor returns, especially compared to other sectors. He noted that continuous reinvestment, often up to 20 percent of capital expenditure, was required to maintain and expand networks, including adopting new technologies like 5G.

He emphasized the need for tariff adjustments to ensure the sector’s sustainability and competitiveness. Adebayo Gbenga, Chairman of the Association of Licensed Telecom Operators of Nigeria, echoed the importance of ongoing investments for the digital sector’s sustainability. Both leaders stressed the urgency of reshaping the industry to regain its attractiveness to investors amidst the challenging macroeconomic conditions.

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