Author: TheLagosianMagazine

By Jimmy Fatunbi In a move that bolsters investor confidence in Nigeria’s burgeoning fintech sector, the Honourable Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, visited the UK offices of Moniepoint Inc., a leading Nigerian financial institution, during his high-level working visit to the United Kingdom. The visit, aimed at strengthening diplomatic ties and fostering strategic cooperation between Nigeria and the UK, underscored Nigeria’s commitment to driving economic growth and innovation. Ambassador Tuggar’s focus on Moniepoint highlighted the company’s remarkable journey and its pivotal role in Nigeria’s financial landscape. During his tour, Ambassador Tuggar lauded Moniepoint as a “true Nigerian…

The Minister of Budget and Economic Planning, Atiku Bagudu, has revealed that the Federal Government was liaising with other countries to provide remote work opportunities for Nigerian youths. Bagudu said this on Monday at the KPMG budget 2025 day aired on Arise TV. Nigeria is home to one of Africa’s largest youth populations, even as the National Bureau of Statistics said that the country’s unemployment rate dropped to 4.3 per cent in the second quarter of 2024 from 5.3 per cent in Q1. The Nigeria Labour Force Survey indicated that the labour force participation rate among the working-age population increased…

President Bola Tinubu has expressed deep sorrow over the death of Prof. Kharisu Chukkol, the father of the former Economic and Financial Crimes Commission’s immediate past acting chairman, Karim. He was a renowned legal scholar and expert in criminal law He passed away in Abuja on Sunday evening at the age of 79. This was disclosed in a Monday statement issued by Bayo Onanuga, Special Adviser to the President on Information and Strategy. Describing the late professor as a “towering figure in Nigerian legal scholarship,” the President lauded his immense contributions to legal education and practice in Nigeria, particularly…

The political crisis in Rivers State took a new turn on Sunday as Governor Siminalayi Fubara invited the Amaewhule-led members of the House of Assembly to a meeting. This was contained in a letter issued in Port Harcourt on Sunday by the Secretary to the State Government, Dr Tammy Danagogo, and sent to newsmen. The letter, addressed to the Speaker of the House of Assembly, Rt. Hon. Martin Amaewhule was titled “Meeting Between the Governor of Rivers State and the Honourable Members of the Rivers State House of Assembly.” Danagogo stated that the meeting, scheduled for Monday, March 10, 2025,…

By Jimmy Fatunbi President Bola Tinubu extends his heartfelt condolences to the family, friends and associates of Prince Doyin Okupe, a medical doctor, politician, communicator and strategist who played a significant role in Nigeria’s political landscape. A prominent son of Iperu-Remo in Ogun State, Prince Okupe served as President Goodluck Jonathan’s senior Special Assistant on public affairs and President Olusegun Obasanjo’s special assistant on media. During his political career of over three decades, Okupe served as the National Publicity Secretary of the National Republican Convention (NRC). He was prominent in the United Nigeria Congress Party (UNCP), the Peoples Democratic Party…

Dr. Doyin Okupe, a distinguished Nigerian physician and politician, has passed away at the age of 72. Born on March 22, 1952, in Iperu, Ogun State, Dr. Okupe had a multifaceted career spanning medicine and public service. After completing his medical education at the University of Ibadan and Igbobi College, Dr. Okupe co-founded the Royal Cross Medical Centre in Obalende, Lagos, where he served as Managing Director. His medical career was marked by dedication to community health and the establishment of quality healthcare services. Transitioning into politics, Dr. Okupe became the National Publicity Secretary of the National Republican Convention (NRC)…

By Our Correspondent The Senate Committee on Ethics, Privileges, and Code of Conduct has recommended a six-month suspension for Senator Natasha Akpoti-Uduaghan, representing Kogi Central. This recommendation follows investigations citing her for violations of Senate rules. The committee’s chairman, Senator Neda Imasuen, presented the report during Thursday’s plenary session. The recommendations include locking Senator Akpoti-Uduaghan’s office, barring her from accessing the National Assembly premises during the suspension, and withdrawing her salaries along with those of her legislative aides. Additionally, she would be prohibited from representing Nigeria in any official capacity as a senator during the suspension period. The committee also…

The National Agency for Food and Drug Administration Control has promised “hard times” to producers of adulterated beverages following the arrest of one Anthony Chidi inside the Mile 3 Market in the Diobu area of Port Harcourt, the state capital. The Public Relations Officer, South-South Zone, NAFDAC, Cyril Monye, disclosed this in a statement on Wednesday. Monye said the man aged 52 was caught inside the popular market washing used bottles of various brands of alcoholic beverages. Speaking earlier, Director, NAFDAC South-South Zone, Chukwuma Oligbu, reiterated the agency’s commitment to clamping down on perpetrators of such illicit acts. Oligbu said,…

By Jimmy Fatunbi Experts have predicted that the price of Premium Motor Spirit (petrol) may reduce to as low as #700 if the crude oil prices continue to slip and the naira maintains its stability against the dollar in the foreign exchange market. Oil prices fell about two per cent to a 12-week low this week amid reports that OPEC+ will proceed with a planned oil output increase in April. Brent futures fell $1.19, or 1.6 per cent, to settle at $71.62 a barrel, while the United States West Texas Intermediate crude fell $1.39, or two per cent, to settle…

Naira closed February 2025 with an 8.5 per cent gain month-on-month on the parallel market to settle at 1,490/$, while it closed at 1,500/$ on the official market, indicating a 1.7 per cent m/m decline. According to the Afrinvest Monthly Market Report, the foreign reserve dipped by 3.2 per cent month-on-month. As of Thursday, it stood at $38.46bn. “This decline can be linked to CBN’s efforts to stabilise the naira, particularly through the resumption of payments for the verified portion of the outstanding $7.0bn foreign exchange backlog,” the analysts said. They went on to project that “in March, we anticipate…