Author: Adejuyigbe Francis

President Bola Tinubu has approved the appointment of Dr. Olasupo Olusi to serve as the Managing Director and Chief Executive Officer of the Bank of Industry (BOI). In a statement on Thursday by the presidential spokesman, Ajuri Ngelale, the appointment of Olusi as BOI boss is for a term of four (4) years in the first instance. The President’s approval of  Olusi’s appointment follows the voluntary resignation of former BOI Managing Director and Chief Executive Officer, Olukayode Pitan. The statement said Olasupo Olusi has served as a World Bank economist and development finance expert over the past 20 years. It added…

The US State Department has issued a “worldwide” travel advisory to Americans. They were warned to exercise increased caution to avoid becoming victims of possible terror attacks. “Due to increased tensions in various locations around the world, the potential for terrorist attacks, demonstrations or violent actions against U.S. citizens and interests, the Department of State advises U.S. citizens overseas to exercise increased caution,” the agency warned in a statement on Thursday. The department also told Americans overseas to “stay alert in locations frequented by tourists.” The last time the department issued such a warning was in August 2022, following the…

UEFA said on Thursday the result of the European Championship qualifying game between Belgium and Sweden, which was abandoned this week after two Swedish fans were killed before kickoff, will stand. The game was called off at half-time with the score 1-1. Both the Belgian and Swedish federations had asked to keep it as the final result. “The Belgian and Swedish Football Federations are satisfied with the decision,” said the Belgian federation in a statement. UEFA said “the result of this match does not impact the qualification of Group F.” Belgium had already qualified for the tournament to be held in Germany next year before they took…

Minister of the Federal Capital Territory (FCT), Nyesom Wike, has rejected the Nigerian Customs Service’s request for reconsideration of its revoked land by the FCT Administration. The minister had ordered FCTA to revoke unused plots of land, leading to top politicians, organisations and government agencies losing lands. On Wednesday, customs officers led by the Acting Comptroller-General, Adewale Adeniyi, visited Wike to make a case that the affected land be returned. Adeniyi requested land to build primary and secondary schools for the children of the more than 2,000 customs officers residing in the FCT. “I read your letter on the revoked…

The Minister of Interior, Olubunmi Tunji-Ojo, said his ministry plans to secure the release of 4,000 inmates in a bid to decongest prisons nationwide. Tunji-Ojo, who stated this during an interview on Arise TV, said the interior ministry is working with the private sector to pay fines for inmates as part of their Corporate Social Responsibility (CSR). The minister said several inmates were being held nationwide due to their inability to pay fines. He also promised that ministry will ensure the fines are paid and inmates released within four weeks. “Immediately I assumed office, the first thing I did was set…

The youths representing the All Progressives Congress (APC) in the Southwest region have said the Ondo State Governor, Oluwarotimi Akeredolu, will not succumb to the threats of the opposition Peoples Democratic Party (PDP), to return to the state. The leader of the APC Southwest youths, Lawal Kolade while addressing the media in Akure, emphasised that Akeredolu’s choice to prioritise rest and adjust his regular work schedule for a complete recovery exemplifies his human nature. The Southwest APC youths acknowledged it was important for the Governor to rest, stressing there is no governance gap in Ondo State. Kolade further stated that the…

Finnish telecoms giant Nokia is to axe between 9,000 and 14,000 jobs by the end of 2026 to cut costs. The announcement was made as the company reported a 20% drop in sales between July and September. The company blamed slowing demand for 5G equipment in markets such as North America. It currently has 86,000 employees around the world, and has axed thousands of jobs since 2015. Nokia wants to cut costs by between €800m and €1.2bn (£695m-£1bn) by 2026, it said. Its customers have been cutting spending amid high inflation and interest rates, it said. Advances in cloud computing…

The Minister of the Federal Capital Territory, FCT, Nyesom Wike, has cautioned resident doctors in Abuja against threatening to embark on industrial action. Wike said he would not pay doctors who embark on strike while he’s a minister, adding that he’s ready to contend with them in court. Addressing resident doctors, Wike said he would make more money when they embark on industrial action. “Make your recommendations, and we will see the ones we can do and those we can’t do. Don’t threaten me with a strike because I don’t like it. When you go on strike, I save money;…

Al Ettifaq are ready to reduce the number of foreign players in their squad in order to sign Jesse Lingard. Lingard is training with the Saudi Pro League side, who are managed by Steven Gerrard, but has not yet signed a permanent deal. Saudi league rules only allow for eight foreign players to be included in a matchday squad and Al-Ettifaq, who have 10, are looking at ways to move on at least one. Sweden international Robin Quaison and Brazilian winger Vitinho are two possible departures. Gerrard is in charge of signing foreign players and has already brought in Jordan Henderson, Georginio Wijnaldum and Demarai Gray since taking over…

The Police Service Commission (PSC) on Thursday cleared the air on the recruitment of “repentant thugs” in Kano State. According to PSC, the repentant thugs were recruited to fight crime in the nooks and crannies of Kano State. There has been controversy over the recruitment of about fifty “repentant thugs” into the Kano State command of the force. Nigerians had questioned the decision of the authorities to recruit such persons into force. The spokesperson of the Commission, Ikechukwu Ani in a statement released in Abuja argued that the “repentant criminals” were recruited as police constabulary because they had realised that crimes do not…

The Federal Government on Thursday announced the closure of the Third Mainland Bridge in Lagos starting from the midnight of Saturday, October 21 to the midnight of Sunday October 22 to carry out repairs. The Federal Controller of Works in Lagos State, Olukorede Kesha, in a statement, said the government was ready to begin comprehensive rehabilitation works on the bridge starting with repairs of the critical portions. Kesha said the federal government wished to inform the motoring public that it was currently working on plans to carry out comprehensive repairs of Third Mainland Bridge. “However, in order to alleviate the pains…

Udengs Eradiri, the Labour Party (LP) Bayelsa gubernatorial candidate, has said that he is not campaigning under the presidential candidate of the party, Peter Obi. Eradiri stated that he was contesting the election to win, saying young people in the state were in support his candidature. “I have a secretariat, I am campaigning and I have a structure. If they come with 20 cars I come with two. “But I have come with a stronger message and I am communicating with the people. I give a summary of my plan to every community I go to. “I am not campaigning…