Author: Press Room

Oba Abimbola Owoade has been crowned the 46th Alaafin of Oyo. Owoade succeeds the 45th Alaafin of Oyo, Oba Lamidi Adeyemi, who died on April 22, 2022, at the age of 83. The staff of office had earlier been presented to the new king by the Oyo state Governor, Seyi Makinde, in January. He completed the compulsory 21-day traditional rites known as Oro Ipebi last Saturday, March 29. The coronation event took place today (Saturday) at Oliveth Baptist High School in Oyo, where Governor Seyi Makinde led a host of dignitaries, including notable Nigerians. Dignitaries present at the coronation included…

The Central Bank of Nigeria (CBN) has injected $197.71 million to boost market liquidity and stability in the foreign exchange market.  The boost comes as global markets reel in shock with the tariffs imposed by United States President Donald Trump. The American president recently imposed a 14% import tariff on products from Nigeria. The development has affected the value of the naira to the dollar in the last few days, the CBN said. In a statement on Saturday, CBN’s Director of Financial Markets Department, Omolara Duke, said the apex bank has noted recent movements in the foreign exchange market between April…

The governor of Anambra State, Professor Chukwuma Soludo, has been nominated as the flagbearer of his party, the All Progressives Grand Alliance (APGA) for the November 8, 2025 governorship election in the state. The incumbent, who was returned unopposed, polled over 300 votes during the primary which held in Awka on Saturday. Voting was conducted for the delegates from all the 21 local government areas in the state to either tick yes or no on the ballot. After the voting exercise, votes were sorted and counted. Announcing the result of the exercise, the chairman of the electoral panel, Uche Nwegbo,…

Former Managing Director of National Inland Waterways Authority (NIWA), Dr. George Moghalu, on Saturday emerged as the candidate of the Labour Party (LP) for the November 8 Anambra State governorship election. Moghalu defeated his rival, John Chuma Nwosu, polling a total of 573 delegate votes as against 19 votes scored by Nwoau in the primary election conducted in Awka, the state capital, amidst tight security. In his acceptance speech, Moghalu declared that there is no victor and vanquished, appealing to his contestant and his supporters to join hands in ensuring that the party emerges victorious in the November 8…

Manchester United and Argentina star, Alejandro Garnacho, has put his home up for sale amidst Victor Osimhen swap links, Soccernet.ng reports. The 20-year-old winger has been largely underwhelming for Ruben Amorim’s side this season, like all of his teammates, bar Bruno Fernandes. Still, he’s been linked with a move to Napoli, and Manchester United are willing to sell the Argentine youngster as the financial proceeds from a potential deal will suffice as pure profit since he’s a homegrown talent. Alejandro Garnacho celebrates with teammates after scoring his side’s second goal at Coventry King Power Stadium, Leicester. [Photo Credit/ Imago]. Get…

Two Chinese expatriates and a policeman have been killed in an ambush by armed men in Abia State. Four other Chinese expatriates and two police officers were, however, rescued by security operatives. The attack occurred on April 4, 2025, while the group was en route to a company site in Agukwu-Amaya, Ndundu Community, Uturu, Isuikwuato Local Government Area of the state. In a statement issued on Saturday by the state Police Public Relations Officer, DSP Maureen Chinaka, on behalf of the Commissioner of Police, Danladi Isa, it was revealed that the attack resulted in the deaths of three individuals: Mr.…

The All Progressives Grand Alliance (APGA), Labour Party(LP) and the All Progressives Congres (APC) are holding their respective governorship primary election in Awka, Anambra State this afternoon. This is as the incumbent governor, Prof Chukwuma Soludo is set to win the APGA ticket. Chief George Moghalu and Prince Nicholas Ukachukwu are looking set to clinch the nominations of the LP and the APC respectively.These parties are holding the primaries at Dr Alex Ekwueme Square, Finotel Exclusive Hotel and the Prof Dora Akunyili Women Development Centre respectively, simultaneously. Soludo as at the last check was cruising home to victory, while…

  Agency Report A non-governmental organisation, MSI Nigeria Reproductive Choices, says it prevented 1.6 million unsafe abortions and averted 20,053 maternal deaths across the country in 2024. It added that during the review period, 3.58 million clients were reached, 214 maternal deaths were averted, and 16,623 unsafe abortions were prevented in Adamawa. MSI’s Social and Behavioural Change and Communication Officer, Mr Oyewole Adejumi, disclosed this on Friday in Yola during a media roundtable on accountability to key stakeholders. The event, organised by the International Non-Governmental Organisation Forum, had the theme, “Transparency in Action: INGOs Driving Impact Through Accountability in Nigeria.” Adejumi…

The global rise of Afrobeats is a result of the relentless efforts of artists, producers, and key industry figures working behind the scenes. One such influential figure is Sheriff Olaitan. Salaudeen, widely known as Olaitan, whose work as a music plugger has significantly contributed to the genre’s widespread recognition. With years of experience in media and music promotion, Olaitan has been instrumental in bridging the gap between Nigerian artists and their audiences. His expertise in securing radio airplay, streaming placements, and industry visibility has played a crucial role in the success of many artists. As the official music plugger for…

In SummaryIn 2025, Africa’s private equity market is projected to reach US$900.80 million in deal value, with an average deal size of US$9.84 million and 91.54 deals.Key investment hotspots in Africa in 2025 include South Africa, Nigeria, Kenya, Morocco, and Egypt, with sectors like fintech, agriculture, and renewable energy attracting significant attention.Over the past decade, 24% of Africa-focused funds achieved US dollar-denominated net internal rates of return exceeding 15%.Deep Dive!!Africa’s dynamic economic landscape in 2025 presents a wealth of opportunities for private equity investors. The continent’s burgeoning consumer market, rapid urbanization, and technological advancements have paved the way for significant…