In the footage, Akinwande is seen taking the constitution from the Nigerian High Commission in the UK and proceeding to the Conservative Party office to drop it off.
ZaraArewa: There is something that has been bothering me.
I have been dating this guy for a year and he's not really committed to the relationship, he has not introduced me to any of his family members nor his friends, each time i ask he will brush it off with his sweet talking skills and kissing.
One of the main problems i have is his high demands for sex. He's always in the mood to have sex.
Pls house do you thing it's normal for someone to love sex that much?
Feel free to criticise or throw insults at me.
You already have enough positive feedbacks right from Page 1. Grab and use them appropriately. Period.
Polydo: In Benue: Woman Caught Stealing Goat, See What Happened Next Will Shock You! 🐐
If you think you’ve seen it all in Nigeria, wait until you hear this! In Benue State, a woman was caught for allegedly stealing a goat. But instead of simply handing her over to the authorities, the villagers went for the “African drama special” they stripped her, tied the goat around her waist, and paraded her in public.
Now, I have just one question: must humiliation always be the first punishment? 🤔 We are in 2025, yet some people still believe stripping women nak£d is the best way to teach a lesson. Honestly, that’s not justice, that’s public shame.
Remember that lady who boarded Ibom Air and made headlines because of the treatment she got? Sometimes, it feels like society is always quick to disgrace ordinary people, but when it comes to those stealing millions in government, everyone suddenly develops selective blindness.
Why don’t we see the same energy when a corrupt politician loots the treasury? Why don’t we tie bags of money to their necks and parade them too? Or is it that goats are easier to catch than government thieves? 🐐💼
We need to do better as Africans. Wrong is wrong, whether it’s stealing a goat or stealing billions. But punishment should be fair, lawful, and without unnecessary humiliation. Let’s keep our dignity, even when correcting wrongs.
📢 What do you think? Should public humiliation be banned completely, or do you think it’s still an effective punishment? Drop your opinion in the comments! Let’s talk.
COMPAQ: Did they advertise it to you as subsidized? Did they say the price would be fixed? There is no treachery here abeg.
It was advertised as a cheaper alternative. And Even at the current price, it is likely to still be cheaper than petrol.
And if not, people are free to switch back to petrol at no additional cost since any converted vehicel can use both CNG and petrol.
You're the ONLY one on this thread who made REAL sense here. The rest sounded totally off. The quality of contributions on this thread and other NL threads shows that a lot of posters here do NOT have the power of discernment and have BELOW average intelligence!
The CNG conversation kit is dual so you can use both fuels and CNG at the increased cost is still cheaper than gasoline. Period.
ogododo: The Presidential Compressed Natural Gas Initiative (PCNGI) has clarified that the Federal Government does not subsidize Compressed Natural Gas (CNG), following recent pump price increases by some operators.
In a statement on Wednesday, PCNGI explained that pricing decisions are determined by private sector players, while assuring that government agencies will continue to protect consumers against exploitation. “The recent adjustment in CNG pump price was carried out by NIPCO Gas, a private sector operator in the Auto-CNG market. NIPCO is one of several investors in the sector and, like other operators, retains the discretion to set prices in line with its business and commercial realities,” the statement said.
The Initiative stressed that it neither sets nor regulates CNG prices, noting that such responsibility lies with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
It pointed out that since April 2024, the NMDPRA has maintained an incentive-based pricing framework for Auto-CNG that ensures it is always priced lower than petrol and diesel, while empowering the regulator to act against price gouging.
PCNGI added that since the launch of the domestic gas market in June 2025, it has worked with the Gas Aggregation Company of Nigeria (GACN) and NMDPRA to guarantee steady supply and long-term price stability.
“The era of opaque subsidies that crippled the PMS/AGO sector will not be replicated in the CNG market. Instead, the CNG sector is being developed as a transparent, investment-driven market where healthy competition will drive costs down over time,” it stated.
The Initiative disclosed that over $1 billion has been attracted into the CNG sector in the last 18 months under the administration of President Bola Ahmed Tinubu.
It acknowledged temporary supply challenges but described them as normal in emerging markets, emphasizing that price adjustments by operators are permissible as long as they remain within regulatory limits.
Nnamdipapa: O boy! This food is my traditional food and I have never had it in a decade, it's called Ukwa with bitterleaf and millions of dried fishes inside.
This is what you guys are enjoying in Nigeria reason you don't want me to come back? Your plan has failed as I just devoured this delicious meal. Can you imagine this delicious food is less than $9.
I am taking a 40 minutes walk before I head back to my lodge.
Heh! Naija sweet die. Tommorow, I may try fisherman soup albeit without the swallow.
I can still feel the tingly sensation of the food at the base of my tongue.
DrMB: Which companies are struggling to stay afloat on the Nigerian Exchange?
Which are at risk of being delisted, already undergoing delisting, or falling below listing standards?
And which are missing regulatory filings, raising red flags about governance and compliance?
As of September 2025, the NGX has categorized several companies across four critical risk indicators:
Investor Takeaway: The NGX is sending clear warning signals. Companies in DWL or DIP categories could be facing operational, financial, or governance issues. Those under BLS or MRF may be struggling with compliance, putting investors at risk. Monitoring these risk indicators is now more important than ever for anyone with exposure to the Nigerian stock market.
🇳🇬NGX LISTED COMPANIES ON DELISTING WATCH-LIST - SEP 2025
List of companies currently flagged as Delisting Watch-list (DWL)
1 ASO Savings and Loans Plc 2 Deap Capital Management & Trust Plc 3 Fortis Global Insurance Plc 4 Multi-Trex Integrated Foods Plc 5 STACO Insurance Plc 6 Union Dicon Salt Plc
🇳🇬NGX LISTED COMPANIES WITH DELISTING IN PROGRESS - SEP 2025
List of companies currently flagged with Delisting in Progress (DIP)
As of September 2025, the NGX has categorized several companies across four critical risk indicators:
Investor Takeaway: The NGX is sending clear warning signals. Companies in DWL or DIP categories could be facing operational, financial, or governance issues. Those under BLS or MRF may be struggling with compliance, putting investors at risk. Monitoring these risk indicators is now more important than ever for anyone with exposure to the Nigerian stock market.
Don’t misinterpret what I said in my interview of this morning.
Culturally, historically, and constitutionally, Lagos belongs to the Yoruba people, and that has never been in contention. The unique identity of Lagos as a Yoruba homeland is settled and beyond dispute.
What I emphasized was the special place Lagos occupies in Nigeria and indeed West Africa — a city that, much like New York, Paris, or London, serves as the commercial nerve center of our economy. Lagos provides every Nigerian, regardless of origin, a level playing field to thrive, and in this sense, it mirrors the diversity of our nation while remaining firmly rooted in Yoruba heritage.
My argument was, therefore, and justifiably so, for massive investments in infrastructure to sustain the economic and social responsibilities Lagos has shouldered on behalf of Nigeria.
Any President who truly seeks to succeed must critically support Lagos, not because it is “no man’s land,” but because it is the heartbeat of the nation’s development.
https://www.youtube.com/watch?v=6vAfLudkYRc The standard dictionary definition of a "no-man's-land" is simply a place or land NOBODY owns which is in some cases under occupation by the UN. So, ANYONE using that term to describe Lagos State is simply asinine.
You can say that Lagos State is cosmopolitan like London or New York because a lot of folks from different ethnic backgrounds around the world live in these global business locations. Rivers and Kano States too are cosmopolitan locations and CANNOT be refered to as "no-man's-lands." Period.
Great100000: Africa’s aviation sector is in the middle of a powerful rebound, with airports across the continent recording sharp increases in passenger numbers and flight activity.
According to the International Air Transport Association (IATA), African airlines saw a 9.5% year-on-year growth in international passenger demand in May 2025, outpacing most global regions.
A key driver of this growth was the sharp increase in traffic on the Africa–Asia corridor, where demand surged 15.9% year-on-year, making it the fastest-growing international route worldwide for the month.
The African Airlines Association (AFRAA) projects traffic to hit 113 million passengers in 2025, a leap from 98 million in 2024, representing a 15.3% increase. This increase highlights the industry’s resilience and positive trajectory.
This list highlights the busiest airports in Africa, measured by the number of scheduled daily departures. It includes only scheduled passenger flights and excludes freighters or chartered flights. The data is sourced from FlightsFrom.com, a travel tool website that publishes airline routes and schedules worldwide.
Here is the ranking of Africa’s top ten busiest airports by flight traffic as of July 2025
10. Dar Es Salaam (DAR): 84 flights every day
Dar Es Salaam International Airport, was renamed Julius Nyerere International Airport (JNIA) in 2006 in honor of Julius Kambarage Nyerere, the first President of the United Republic of Tanzania, who died in 1999. It is the country’s largest airport, handling about 84 flights daily.
The airport connects travelers to 37 destinations through 24 airlines, making it a key aviation hub in East Africa.
In 2024, Dar Es Salaam was the 12th busiest airport on the continent, averaging about 75 daily flights. The airport’s traffic has grown steadily, reflecting Tanzania’s expanding role in regional and international air travel.
The most frequent route from DAR is to Zanzibar, with about 180 flights weekly, nearly 30% of all departures.
Air Tanzania remains the largest carrier at the airport with approximately 174 scheduled weekly take-offs, followed by Auric Air.
Top most frequented routes
• Zanzibar (ZNZ): 22–23 flights daily
• Arusha (ARK): 6–8 flights daily
• Kilimanjaro (JRO): 6–7 flights daily
• Mwanza (MWZ): 5–6 flights daily
• Mafia Island (MFA): 5 flights daily
The most frequent international routes include Nairobi (NBO) and Johannesburg (JNB).
9. Zanzibar International Airport (ZNZ): 92 flights every day
Zanzibar International Airport (ZNZ), the main gateway to the Zanzibar archipelago in the United Republic of Tanzania, handles an average of 92 flights every day.
The airport connects passengers to 21 destinations served by 27 airlines in scheduled passenger traffic.
In 2024, Zanzibar ranked as the 13th busiest airport in Africa, operating around 70 daily flights. The busiest route from Zanzibar is to Dar es Salaam (DAR), accounting for an average of 269 flights weekly, which represents 43% of all departures.
Auric Air remains the largest carrier by departures, with about 131 scheduled take-offs every week.
Top most frequented routes
• Dar es Salaam (DAR), Tanzania – 34 to 39 flights per day
• Arusha (ARK), Tanzania – 14 to 15 flights per day
• Pemba (PMA), Tanzania – 8 to 9 flights per day
• Jomo Kenyatta International Airport (NBO), Nairobi, Kenya – 7 to 8 flights per day.
• Moi International Airport (MBA), Mombasa, Kenya – 1 to 6 flights per day (new airline begins operations December 1, 2025)
Key international connections include Nairobi, Kenya (NBO) and Mombasa, Kenya (MBA).
8. Murtala Muhammed Airport (LOS) – 99 flights daily
Murtala Muhammed International Airport, Lagos, is the largest and busiest airport in Nigeria, serving as the country’s main aviation hub.
It connects passengers to 46 destinations through 34 airlines in scheduled passenger traffic. In 2024, the airport ranked as the 7th busiest in Africa with an average of 101 daily flights.
The busiest domestic route is Lagos to Abuja (Nnamdi Azikiwe International Airport), averaging 203 flights weekly, which represents about 28% of all departures.
Air Peace is the largest airline here, by counting the number of departures, with around 132 scheduled take-offs every week.
Top most frequented routes
• Abuja – Nnamdi Azikiwe International (ABV): 21–28 flights per day
• Port Harcourt International (PHC): 9–11 flights per day
• Accra – Kotoka International (ACC): 5–7 flights per day
• Benin City – Benin Airport (BNI): 3–7 flights per day
• Kano – Mallam Aminu International (KAN): 3–5 flights per day
The most frequent international destinations are Accra (Ghana) and Addis Ababa (Ethiopia).
7. Cape Town International Airport (CPT) – 102 flights daily
Cape Town International Airport (CPT) is South Africa’s second-largest airport and an important hub for both domestic and international travel.
As of July 2025, the airport handles an average of 102 daily flights, connecting passengers to 40 destinations through 27 scheduled airlines.
In 2024, Cape Town ranked as the 6th busiest airport in Africa, averaging 103 flights per day.
Safair is currently the largest airline at Cape Town International, operating around 319 departures weekly, followed by Airlink (South Africa) as the second largest carrier.
Top most frequented routes
• Johannesburg International Airport (JNB), South Africa – 37 to 43 flights per day
• Durban International Airport (DUR), South Africa – 12 to 13 flights per day
• Lanseria International Airport (HLA), South Africa – 8 to 9 flights per day
• George Airport (GRJ), South Africa – 2 to 4 flights per day
• Port Elizabeth International Airport (PLZ), South Africa – 2 to 4 flights per day
On the international front, key destinations include Windhoek (WDH), Namibia and London Heathrow (LHR), United Kingdom.
Houari Boumediene Airport (ALG), located in Algiers, is the largest and busiest airport in Algeria. It connects passengers to 80 destinations through 25 international and regional airlines, making it a central hub for both domestic and global travel.
In 2024, the airport ranked eighth in Africa with an average of 100 daily flights, a figure that has now risen slightly to 102 per day.
The most frequently departed route is the route to Paris (CDG) in France, with an average of 69 flights from Houari Boumediene Airport every week, which is 9% of all weekly departures.
Air Algérie dominates operations at the airport with about 515 scheduled take-offs weekly nearly 12 times more than the second-largest operator, Transavia France.
Top most frequented routes
• Charles De Gaulle Airport (CDG) – Paris, France: 11–14 flights per day
• Orly Airport (ORY) – Paris, France: 8–10 flights per day
• Istanbul Airport (IST) – Istanbul, Turkey: 7–8 flights per day
• Es Senia Airport (ORN) – Oran, Algeria: 5–7 flights per day
• Mohamed Boudiaf International Airport (CZL) – Constantine, Algeria: 4–7 flights per day
5. Jomo Kenyatta International Airport – (Nairobi): 108 flights every day
Jomo Kenyatta International Airport (NBO), located in Nairobi, is the largest airport in Kenya and serves as a key aviation hub in East Africa.
The airport operates about 108 flights daily, connecting travelers to 64 destinations with 39 airlines in scheduled passenger traffic.
In 2024, Jomo Kenyatta International was not listed among the top 15 busiest airports in Africa. Instead, Mohammed V International Airport in Casablanca, Morocco (CMN) ranked 5th with approximately 104 daily flights.
The Senior Special Assistant to the Delta State Governor, Ossai Ovie Success, has expressed disappointment in a post on X, claiming that the Igbos developed Asaba, the capital of oil-rich Delta State.
The claim was made by a user named Chinee Okoloigwe, who alleged that Asaba was developed due to the migration of Igbo men from neighbouring Onitsha.
@chineekol said, "Asaba is like that developed extension of Onitsha by Onitsha residents that they abandoned Onitsha for.
If not for the Onitsha residents, Asaba wouldn't be the developed Asaba of today."
In response, Ovie Success wondered why Onitsha people cannot develop their state but choose to migrate to Asaba.
He said, "I am disappointed in you for this statement. Why can't you guys develop your state?"
In another post, he wrote, "Asaba is more developed than your state at the moment. Best place for business, Health, Tourism, Education and security."
Other X users also waded in to disprove the claim that Igbos developed Asaba.
@davovia said, "Igbos are their own undoing. There is something typically wrong with the way you are all wired mentally. Arrogating what belongs to others and finding yourself always interfering in people's affairs is why you are hated everywhere."
@IgnatusOnianwa said, 'The postulation that Onitsha boys developed Asaba is a shallow argument that jettisons other important factors. The question is what attracted the so-called Onitsha boys to come to Asaba? There is something unique about the town that warrants them to come."
@papacharlesoge said, "Did we build any roads or hospitals? We give ourselves too much credit. Ndi Onitsha simply capitalised on the developmental stride of the Delta state government and the safety in Asaba. I know a couple of people already coming back to Onitsha because of the bad road."
casualobserver: You only have to read Nairaland to know Nigerians are not intelligent. Like someone said cunny is not intelligent.
I would actually say the majority of Nigerians are structurally unintelligent. Nigeria with the combined forces of tribe, religion and a weak colonial education system is guaranteed to produce that outcome.
As an example, there is a thread in the trending section about Ibom golf resort. It is a long write up with 4 pictures of the governor. Not a single picture of the subject matter…the golf resort. That’s an example of why we don’t make the top 50 list.
I actually googled images of the resort. It’s beautiful. But the author in his infinite wisdom did not deem it fit to present a single picture instead wasting people’s data on 4 pictures of the governor. Then we wonder why we don’t make top 50 IQ countries.
KillerBeauty: Get to work on time. It highlights your traits like time management and discipline.
Speak less. You can learn more and avoid confrontations.
Work smart. Hard work is good but smart work can lead you to unlimited heights. Afterall the whole world is after simplifying things a bit more.
Project your services and capabilities because no one else can do it better than yourself.
Always talk about your abilities with respect. If you share your weaknesses they will find it hard to remember your plus points.
Do not discuss your personal problems at workplace. Once the world discovers your vulnerabilities it loves to hit them hard.
Always try to maintain good relations with boss and co workers. Your work relationships should be based upon sweet ties. Any realistic argument can lead to ceaseless saga of pay back and leg pulling. Retaliation tastes sour after initial sweetness.
Stop proving it is not your responsibility. If everyone has the same approach nobody will own the baby. It sounds really great when you willingly volunteer to work.
Instead of being late for perfection try to deliver on time. An average output is better on time compared to delivering masterpieces after the deadlines.
Never let them know you have no other choice. Once the people are convinced of your total dependence on them you are in for a very hard time. Keep the secret to yourself with some possible options in mind to avoid exploitation at work. https://www.quora.com
Speak less. You can learn more and avoid confrontations.
Work smart. Hard work is good but smart work can lead you to unlimited heights. Afterall the whole world is after simplifying things a bit more.
KillerBeauty: There are a few gorgeous island countries in the world that are definitely worth visiting. While there are many fascinating countries in the world to visit, I think there is something more adventurous, exotic and romantic about visiting an island country. Take a look at the list of 8 breathtakingly beautiful island countries in the world, which everyone should certainly visit at least once in lifetime.
1. Malta
Malta is a beautiful southern European country in the Mediterranean Sea, which has a rich history and culture. There are amazing sky-high cliffs to climb, fabulous temples to explore, mysterious hidden coves, and lots of wonderful places to go scuba diving. In fact, there are plenty of interesting things to see and to do in Malta and this island country has something for everyone. The historic part of Malta has incredible architecture, great walled cities, and many underground tunnels to explore.
NewDigitalWorld: After years of a whirlwind, things have already started looking up for Nigeria according to a lenghty article by Bloomberg. Nigeria recorded its first balance of payments surplus in three years for 2024, as reforms including boosting oil and gas production, removing fuel subsidies and free-floating the naira paid off.
Africa’s largest oil producer posted a surplus of $6.83 billion in 2024, compared with a $3.34 billion deficit a year earlier. And on the strength of Dangote’s plant, Nigeria has become a net exporter of petroleum products for the first time in three decades. The facility is expected to run completely on local crude when the foreign supply contracts of domestic ¬producers expire this year. The refinery has the capacity to process 650,000 barrels of oil a day, meeting Nigeria’s entire petrol demand and leaving room for exports to grow.
Nigeria has also now paid off $3.4 billion borrowed from the International Monetary Fund during the Covid-19 pandemic, exiting the list of countries in debt to the Washington-based lender.
Nigerian foreign exchange reserves have increased, inflation has moderated and the naira has stabilised. In May, Moody’s Corp. upgraded the country’s foreign currency debt rating.
Assembling economic data about Nigeria’s economic well-bing is a continuous process, dependent on information that’s sometimes incomplete or late in arriving, which can lead to dramatic corrections as happened in the US a few weeks ago. Another such shift happened in Nigeria last month when it was announced that the nation’s gross domestic product was suddenly more than 30% bigger.
Gathering figures for an emerging or frontier market isn’t straightforward — particularly given how much activity occurs outside the formal part of the economy that features salaried workers. Arguably, the revised look at Nigeria offers a more accurate picture.
It remains the fourth-largest economy on the African continent, having lost its status as No. 1 two years ago, when President Bola Tinubu endorsed a more realistic exchange rate by letting the naira float more freely.
The new data show the west African nation to be more agricultural and less industrialised than before, according to an assessment by JPMorgan Chase economist Gbolahan Taiwo.
Manufacturing is less than 9% of GDP now, versus the near 14% previously claimed. And the “informal” sector is now bigger, at almost 43% of GDP — reflecting a nation that provides its citizens with few services. In Nigeria’s economy, “you have to provide almost everything by yourself,” says Aliko Dangote, the nation’s and perhaps Africa’s most successful self-made.
There’s a long ways to go though. Almost a third of Nigeria’s 230 million-plus people live on less than $2.15 a day, the World Bank’s definition of extreme poverty. Life expectancy is age 54, five years lower than that of Somalia. Petrol and diesel generators provide much of the power consumed in the country because of perennial outages, and the skylines of big cities are littered with tanks holding water from privately dug boreholes.
This reality — grinding poverty in a country with great natural wealth — is common.
Economists call it the “resource curse” and consider Nigeria a prime example. The idea is that oil and other minerals can often hinder rather than help countries’ development.
Studies have found that overreliance on such bounty can crowd out other industries, leaving countries underdeveloped and subject to volatile commodity prices.
Great100000: Nigeria leads Africa’s stablecoin market with $22 billion in transactions in one year—Report
Nigeria has emerged as Africa’s biggest stablecoin market, with nearly $22 billion worth of transactions recorded between July 2023 and June 2024.
This is according to a new report by Yellow Card, Africa’s leading stablecoin payments infrastructure provider.
The report, titled Stablecoin Adoption in Emerging Markets, which was released on Tuesday, highlights the transformative role of stablecoins across Africa, where they now account for 43% of all crypto transaction volumes in Sub-Saharan Africa.
“Nigeria stands out as the continent’s largest stablecoin market, with nearly $22 billion in transactions between July 2023 and June 2024, followed by South Africa and other rapidly growing markets such as Kenya and Ghana,” the report stated.
Global market
According to the report, globally, stablecoins have grown from a market capitalization of $5 billion in 2020 to $230 billion as of May 2025.
But their real impact, Yellow Card notes, is in emerging markets where they are driving innovation in cross-border trade, treasury management, inflation hedging, and financial inclusion.
In Nigeria’s case, they have become a crucial tool for businesses and individuals struggling with FX scarcity, volatile naira-dollar rates, and unreliable banking systems.
“This report highlights the significant role of stablecoins in emerging markets. It demonstrates how stablecoins are crucial for financial inclusion and economic empowerment, especially where traditional banking is unreliable,” said Vice President of Global Operations and Managing Director of Yellow Card Nigeria, Lasbery Chioma Oludimu.
“From facilitating cross-border trade to aiding treasury management, stablecoins are now a fundamental tool for financial stability and efficiency,” she added.
Impact of global trade disruption
The report noted that the United States’ decision in August 2025 to impose tariffs of up to 30% on exports from 47 African nations has accelerated the shift towards dollar-backed stablecoins in Africa.
Businesses and individuals are increasingly using them to bypass dollar scarcity, protect purchasing power, and assert monetary sovereignty.
The passage of the GENIUS Act in the U.S. earlier this year, which created a regulatory framework for stablecoins, has also indirectly boosted confidence in African adoption.
• Nigeria Country Manager at Yellow Card, Somtochukwu Nsofor, noted that stablecoins hold strong promise in oil and gas, manufacturing, and banking.
• By enabling fast, low-cost cross-border payments and reducing exposure to FX risks, they are emerging as vital tools for business resilience. However, he cautioned that challenges such as dollarization risks, rural digital literacy gaps, and infrastructure constraints still stand in the way of wider adoption.
• Meanwhile, African fintechs are racing to embed stablecoins into mobile money platforms, payroll, and trade finance solutions, building systems that are faster, cheaper, and more inclusive than legacy banking.
• This model, according to Yellow Card, could provide a roadmap for other emerging markets facing similar financial system bottlenecks.
What you should know
Recognizing the growing trend in the adoption of stablecoin in the country, Nigeria’s Securities and Exchange Commission (SEC) recently announced plans to launch what it called ‘Crypto Smart, Nigeria Strong’ initiative, aimed at engaging developers in co-creating a framework for stablecoin regulations.
According to the Director-General of SEC, Emomotimi Agama, the commission is also actively exploring a framework for Naira-pegged stablecoins, which will be fully backed by verifiable reserves, audited regularly by independent custodians, and used for cross-border trade, payments, and programmable finance.
This framework will allow digital asset innovation to serve real-world economic activity, beyond speculation.
Nigeria leads Africa’s stablecoin market with $22 billion in transactions in one year—Report
Nigeria has emerged as Africa’s biggest stablecoin market, with nearly $22 billion worth of transactions recorded between July 2023 and June 2024.
This is according to a new report by Yellow Card, Africa’s leading stablecoin payments infrastructure provider.
The passage of the GENIUS Act in the U.S. earlier this year, which created a regulatory framework for stablecoins, has also indirectly boosted confidence in African adoption.
EdiskyHarry: Venezuela crude oil is called heavy crude or sour crude oil which gives problem during the refining process, hereby making it difficult for them to find buyers
abbey621: China has at least 50 million people in poverty based on $2 per day. If the new standard of poverty is used then that number goes to 120 million. If China only relied on its oil like 9ja, that number would have been close to 500 million, in fact that in 1988 China had over 500 million people in poverty. Oil is a blessing and a curse!
alphonsojaybaz: Lagos Government Responds to Peller’s ₦36m Tax Complaint: “All Income Earners Must Pay”
The Lagos State Government has officially responded to the viral outcry of popular TikTok creator, Habeeb Hamzat, aka Peller, who claimed he was slammed with a ₦36 million tax bill by the Lagos State Internal Revenue Service (LIRS). Eyes Of Lagos reports,
Peller, a 20-year-old content creator who gained widespread attention in 2024, sparked public debate after revealing during a livestream with singer Peruzzi that the state demanded an amount he described as outrageous.
“They said I should pay ₦36m tax. I swear to Almighty Allah, I don’t have that kind of money. I only started making a name for myself last year. Why should I pay ₦36m? The government has never given me anything, not even TikTok support,” Peller lamented.
Reacting to the controversy on Tuesday, Abdulkabir Ogungbo, Special Adviser to Governor Babajide Sanwo-Olu on Tax and Revenue, stated that taxation is a civic duty for anyone earning income within the state, whether through physical or online channels.
“Anybody who earns legitimately is required by Section 24 of the Nigerian Constitution to declare their income honestly and pay tax. While we still need to investigate the details of this specific case, the principle is clear: if you earn, you must remit taxes,” Ogungbo said.
He further explained that new tax reforms in Lagos now cover digital creators, online influencers, and virtual transactions.
"Whether you earn physically or virtually, as long as you reside in Lagos and enjoy the state’s infrastructure, you are expected to pay your tax here—unless you can prove you are paying in another jurisdiction,” he added.
Ogungbo noted that the LIRS operates independently, assessing and issuing tax notices on behalf of the government. He, however, promised to engage with the agency to clarify Peller’s case before issuing an official position.
As of now, the LIRS has not released a formal statement on the matter, and attempts to reach its Head of Corporate Communications, Monsurat Amasa, were unsuccessful as calls and messages went unanswered.
Reacting to the controversy on Tuesday, Abdulkabir Ogungbo, Special Adviser to Governor Babajide Sanwo-Olu on Tax and Revenue, stated that taxation is a civic duty for anyone earning income within the state, whether through physical or online channels.
“Anybody who earns legitimately is required by Section 24 of the Nigerian Constitution to declare their income honestly and pay tax. While we still need to investigate the details of this specific case, the principle is clear: if you earn, you must remit taxes,” Ogungbo said.
He further explained that new tax reforms in Lagos now cover digital creators, online influencers, and virtual transactions.
“Whether you earn physically or virtually, as long as you reside in Lagos and enjoy the state’s infrastructure, you are expected to pay your tax here—unless you can prove you are paying in another jurisdiction,” he added.
Pakute: The AEC Unity Network Limited says it has completed the initial stages of designs and studies for the 470-kilometre Abuja-Lagos greenfield super highway project.
Speaking during a press conference on Tuesday, Kenny Martins, chairman of the construction company, said AEC is now awaiting approval from the federal executive council (FEC) to commence construction work.
He noted that once completed, the road will allow commuters to travel from Lagos to Abuja in “four hours”.
Martins said the project is estimated to cost between $4 billion and $5 billion, and is expected to be delivered within four years.
“With the support and cooperation of our advisors, consultants and other stakeholders, we can say without being immodest that we have concluded the preliminary aspects of the project designs, studies and approvals,” he said.
He added that the company is ready to begin construction “as soon as we receive FEC approval for the project take off, and the flagging off of the project by the president and commander-in-chief”. “We have brought our financiers, advisors, and consultants to this event to demonstrate to everyone our readiness, ability and capability as well as our willingness to execute the project and provide for our country the nearest and best link by road between the federal capital, Abuja and Lagos,” Martins said.
“The superhighway will also facilitate easier and cheaper means of commuting by road between the two great cities to the glory of God and the benefit of our countrymen and women.
“The superhighway will be strategic in several ways, because it will not only open up the villages through which the super highway will pass, it will also provide a much more convenient alternative for those who are only travelling to any of the states through which the super highway passes, which include, Lagos, Ogun, Oyo, Osun, Ekiti, Kwara, Kogi, Niger and Abuja.”
Martins also unveiled plans to construct a spur along the superhighway in order to connect travellers heading to Ondo state, subject to future approvals.
“We are already in talks with the government of Niger State to construct a Spur in Niger State to link the Baro Port to increase its viability,” he added.
PROJECT TO BE EXECUTED WITHOUT SOVEREIGN GUARANTEE
Martins explained that when discussions around the project began six years ago under the previous administration, the initial funding model required the federal government to provide a sovereign guarantee for a significant portion of the financing.
However, due to the country’s already high foreign debt exposure, he said this option was ruled out.
Instead, Martins said, by mutual agreement with the federal government, “we opted to execute the project without the usual sovereign guarantee but a hybrid of guarantees that would enable our financiers to have the confidence that their funds will not be in any danger whatsoever”.
Elizabeth Ebi, group managing director of Futureview Financial Services Limited, serving as financial advisor and co-fund arranger, said the project is “ready to go” once it receives approvals from FEC and the Infrastructure Concession Regulatory Commission (ICRC).
Also speaking, Gbadebo Adenrele, managing director (MD), said the company played a key role in facilitating access to funding.
Lagos to the FCT in 4 hours... That'll be mad cool if it's achieved.
Lagos to Akure takes 3 hours by road via the Lagos-Benin-Ore-Ondo-Akure route.
EXCERPTS: “The superhighway will be strategic in several ways, because it will not only open up the villages through which the super highway will pass, it will also provide a much more convenient alternative for those who are only travelling to any of the states through which the super highway passes, which include, Lagos, Ogun, Oyo, Osun, Ekiti, Kwara, Kogi, Niger and Abuja.”
Martins also unveiled plans to construct a spur along the superhighway in order to connect travellers heading to Ondo state, subject to future approvals.
“We are already in talks with the government of Niger State to construct a Spur in Niger State to link the Baro Port to increase its viability,” he added.
Chief Kenny Martins is the former President Olusegun Obasanjo's brother in-law. His twin sister was married to OBJ.
However, the superhighway is a good plan if it would cut travel time and feature modern security and emergency facilities along the route.
A rail spur and tracks connecting a State capitals such as Ado-Ekiti in Ekiti State to the rail tracks and terminus in Osogbo would also have opened up that frontier of Ekiti and Ondo States with the cost-efficient CNG-fueled trains for passenger and freight haulage. The same can be done to other States as well which are contiguous to the existing rail tracks around Nigeria. I recall reading the former Ekiti State Governor Kayode Fayemi stating that PMB promised he would connect Ekiti to Osogbo via a rail spur BUT it was never started before he left. These are the low-hanging fruits that the current President of Nigeria and his team can do before leaving office in 2031 at most.
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