Author: topnews

Senator Lekan Balogun hàs been endorsed by ten out of the 11-member of the Olubadan-in-Council, yesterday, as the next Olubadan of Ibadanland. A former governor of the state and member of the council, Rashidi Ladoja, was absent from the meeting. He is the Osi Olubadan. The council made the announcement after Balogun addressed a press conference at Mapo Hall, Ibadan, the Oyo State capital, to commiserate with Ibadanland on the demise of Oba Saliu Adetunji. The council members, who are kingmakers, insisted that no court case would stop the appointment…

The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed has painted a gloomy picture of how insecurity, low earnings, and inability to meet the Organisation of the Petroleum Exporting Countries’ (OPEC) quota for oil production drove excessive borrowing by the Federal Government. The minister, who unfolded these scenarios at the public presentation of the 2022 FG budget proposal – breakdown and highlights in Abuja yesterday, however, insisted that Nigeria’s debt service/revenue ratio, which stands at 76 per cent as at November 2021, though higher than that of some…

Babajide Sanwo-Olu, Governor of Lagos State, on Tuesday, led members of his cabinet to visit residents protesting against the continuous presence of armed policemen in the Magodo Phase 2 Estate area of the state. The policemen recently accompanied suspected land grabbers and members of a family who planned to demolish property on the estate to execute a Supreme Court judgment. During the invasion, the hoodlums used red, brown and blue inks to inscribe ‘ID/795/88 Possession Taken Today 21/12/21 by Court Order,’ on property on the estate. The group was about…

President Muhammadu Buhari has appointed Dr. Doyin Salami to serve as his first Chief Economic Adviser.    The administration has witnessed two recessions in less than seven years of its reign with the country taking a bottom position in key economic indices – unemployment and inflation among many others.     The administration has also been consistently knocked for its lacklustre management of the economy and dreary outputs of its policies, though the administration has consistently claimed to have inherited a “dying” economy.        However, all along, the…