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The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has praised President Bola Tinubu’s policies for fostering a favorable investment climate in Nigeria. Edun made this remark on Monday while hosting a delegation comprising the National Agricultural Development Fund (NADF), GENESIS Energy Group, USAID, and KPMG to discuss a strategic partnership on Solar-Powered Cold Room Storage and Logistics. The initiative aims to address post-harvest losses, enhance food security, and improve the efficiency of Nigeria’s agricultural supply chain. During the meeting, the delegation shared details of their ongoing projects and partnerships to deploy cold storage facilities in key…
A heavy deployment of Nigerian Police officers is currently stationed at Magodo Estate, Lagos, where the law office of prominent legal figure Afe Babalola is located. According to reports, the police presence is in anticipation of protests demanding the release of human rights lawyer Dele Farotimi. Police Farotimi was recently arrested by the police on defamation charges filed by Afe Babalola and transferred from Lagos to Ekiti State. Despite being granted bail by the Federal High Court in Ado-Ekiti for ₦50 million, he remains in custody. The protests, organized under the #FreeDeleFarotimiNow campaign, are supported by former presidential candidate Omoyele…
Peter Obi, the former presidential candidate of the Labour Party, has condemned Nigeria’s alarming rate of human rights abuses. He expressed disappointment that the country continues to be notorious for human rights violations on the global stage. In a statement issued on Tuesday to mark the 2024 Human Rights Day, Obi condemned the abuse of citizens by those in power, using the state’s authority for exploitation. “I am again adding my voice to that of the global community as we mark Human Rights Day. “Human rights, as we understand, is a global desire that demonstrates the inalienable rights to which…
A Nigerian lady has accused singer Rema of breaking her glasses, valued at ₦7,000, while she was dancing to his music. The incident was shared in a viral TikTok video, where the lady can be seen vibing to one of Rema’s songs when her glasses unexpectedly break. Nigerian singer, Rema. In the video, she expresses her shock and immediately places the blame on the singer. The caption, “Rema owes me a new pair of glasses,” suggests that she holds him responsible for the mishap. Following the video’s widespread circulation, many social media users flocked to the comment section to share…
Former Governor of Kogi State, Yahaya Bello, has been denied bail by a Federal Capital Territory High Court, on Tuesday. Justice Maryanne Anenih, who delivered the ruling, stated that there were procedural irregularities in the filing of the application. She stated that the application was premature as it was filed before Bello was present in court or in custody. She stated, “Having not been filed when the first defendant was either in custody or before the court, this instant application is incompetent. “Consequently, the application, having been filed prematurely, is hereby refused.” Recall that Bello, alongside two others, is facing…
Actor and producer, Ruth Kadiri, has slammed fellow movie producers over pressures they mount on actors. She made this known in relation to generating views on the YouTube platform. Kadiri, who is one of the pioneers of using YouTube to distribute movies, noted that producers now pressure their actors to generate one million views within a day of uploading their movies on YouTube. She urged actors not to feel pressured and allow these producers rob them of their joy. Kadiri also stated that having a million views is not the standard for success or failure. She stated, “The ones who…
An uproar has erupted in a Nigerian community after a military officer was allegedly caught assaulting his elder brother‘s wife, as shown in a viral video circulating on TikTok. In the video, a woman’s voice can be heard pleading for justice, accusing the military officer of physically assaulting and beating her, resulting in visible injuries. Military officer allegedly assaults wife of elder brother. The woman’s husband is also seen in the footage. The video, however, does not reveal the cause of the altercation, focusing solely on the allegations of assault. The woman, visibly distraught, can be seen crying over the…
A Nigerian lady has expressed deep regret over her encounters with ‘rubbish men’ after sharing a troubling experience with a man she met on Snapchat. In a TikTok post, she revealed that she had been chatting with the man on Snapchat for some time and eventually agreed to meet him when he informed her he was in her area. Lady shares regrettable encounter with man. According to her, the man had ghosted her for three days without any explanation but later reached out to invite her over. Despite her reservations, she accepted the invite. Upon arriving, she was shocked to…
GistReel With the festive season approaching, food prices in Nigerian markets show mixed trends influenced by supply, demand, and regional harvests. A market survey this week reveals the latest costs of staples like rice, beans, tomatoes, and other essentials central to holiday celebrations. Rice Prices Remain High The price of a 50kg bag of locally milled rice averages between ₦90,000 and ₦95,000, depending on quality and location. Imported rice, now scarce due to import restrictions, sells for ₦100,000 to ₦105,000 per bag. Traders in urban centers such as Lagos, Abuja, and Port Harcourt attribute these high prices to increased transportation…
Victor Okhai, a global affairs analyst, has criticized Nigerian political parties for lacking ideologies to guide their actions and beliefs. He described them as Special Purpose Vehicles (SPVs) created solely to acquire power, contrasting this with Ghana and other nations where parties are grounded in ideologies. Speaking during an interview with Arise News on Monday, Okhai said, In Nigeria, political parties are nothing but SPVs, Special Purpose Vehicles for acquiring power. So the issue of ideology is out the window. It is what it is. We have to face the fact that unfortunately that’s what the situation is in Nigeria…