Author: Atoyebi Adenike

By Atoyebi Nike President Bola Tinubu has nominated Engr. Abdullahi Garba Ramat as the new Chairman and CEO of the Nigerian Electricity Regulatory Commission (NERC). Ramat, 39, an electrical engineer with a PhD in Strategic Management, is to take over in acting capacity pending Senate confirmation. The President also nominated Mr. Abubakar Yusuf as Commissioner for Consumer Affairs and Dr. Fouad Olayinka Animashun as Commissioner for Finance and Management Services at NERC. This was disclosed in a statement on Thursday by Bayo Onanuga, Special Adviser to the President on Information and Strategy, who noted that the move aims to prevent…

By Atoyebi Nike The Bank of England has cut its benchmark interest rate to 4 percent the lowest since early 2023 in a bid to support the UK economy amid lingering fallout from US trade tariffs. Thursday’s quarter-point reduction, backed by a narrow 5-4 vote after a rare second ballot, comes as the central bank projects modest growth of 1.25 percent this year, slightly up from earlier forecasts. Governor Andrew Bailey warned that while rates may continue to fall, future cuts would need to be “gradual and careful.” The UK’s inflation rate surged to 3.6 percent in June, with the…

By Atoyebi Nike Chaos erupted in Kiambu County on Thursday when a helicopter crashed in a residential area near Kenya’s capital, Nairobi. The Kenya Red Cross confirmed the incident, noting that emergency responders were on their way to the scene. Local reports described a rapid mobilization of security forces. Military and police units swiftly arrived to cordon off the crash site, though the number of passengers and potential casualties remains unclear. Authorities have yet to provide details on the cause of the crash or the identities of those involved.

By Bagudu Mohammed A post has been making rounds across social media one that lists the new directors appointed by the Central Bank of Nigeria (CBN) under Governor Yemi Cardoso. The names, sixteen in all, have been dissected with surgical precision, and the conclusion that’s gone viral is this: ten are Yoruba, while the Hausa and Igbo share the remaining six equally. And with that, the ever-familiar cry resurfaces Tinubu’s government is nepotistic, or, as some have mockingly put it, he is “the president of the Oduduwa Republic.” In truth, verifying the exact ethnic identities behind every name is tricky.…

By Atoyebi Nike Yields on Nigeria’s Eurobonds have increased across various maturities, according to data released by the Debt Management Office (DMO) on Wednesday, August 6, 2025. The rising yields suggest that investors are becoming more cautious about the country’s economic outlook and rising debt levels. The shortest-term bond, maturing in November 2025, recorded a yield of 5.59%, down from its original issuance yield of 7.625%, indicating continued investor interest in short-term instruments. However, longer-term bonds saw yields climb significantly. The September 2051 Eurobond, for example, now yields 9.68%, up from 8.25% at issuance. Similarly, the 2047 bond rose from…

By Atoyebi Nike Omoyele Sowore, former presidential candidate of the African Action Congress (AAC), has allegedly suffered a broken arm while in police custody in Abuja. According to a statement shared via his official Instagram page, the incident occurred early Thursday at the Force Headquarters when officers from the Inspector General of Police Monitoring Unit reportedly stormed his cell, injured him, and later moved him to an unknown location. Sowore was said to have been detained on Wednesday after responding to an invitation from the IGP Monitoring Unit. As of the time of reporting, the Nigeria Police Force has not…

By Atoyebi Nike Three Nigerian students  Nafisa Abdullahi, Rukaiya Fema, and Khadija Kalli —have been awarded fully-funded scholarships by the Atiku Abubakar Foundation after excelling at the 2025 TeenEagle Global Finals, an international academic competition featuring contestants from 69 countries. The Foundation praised the girls’ performance as a demonstration of brilliance and potential, especially highlighting 17-year-old Nafisa Abdullahi for her exceptional English language skills and critical thinking. A letter signed by Prof. Ahmadu Shehu, Acting Secretary of the Foundation, confirmed the scholarship would cover both the remainder of their secondary education and university studies at institutions of their choice. “This…

By Atoyebi Nike NASA astronaut and U.S. Navy captain Butch Wilmore has officially retired after a distinguished 25-year career that included pioneering missions and a dramatic nine-month final flight aboard Boeing’s Starliner spacecraft. Wilmore, 62, concluded his service with a total of 464 days spent in space, making him one of NASA’s most experienced astronauts. The agency described his career as “truly exemplary,” with leaders at the Johnson Space Center praising his “legacy of fortitude” and commitment to exploration. Originally selected in 2000, Wilmore’s career spanned four spacecraft. His last assignment initially an eight-day mission in June 2024—became an unexpected…

By Atoyebi Nike Ahead of the 2025 World Decarbonisation Day (WDD), the Women in Oil and Gas (WEOG) group has emphasized the need for sustained climate communication to drive awareness and action. At a pre-WDD webinar held August 5 in Lagos, the group called on the media and stakeholders to take leadership roles in Nigeria’s energy transition. WEOG President, Mrs. Tolu Longe, said the goal was to tell truthful and impactful stories about climate change, adding that decarbonisation must be seen as a shared responsibility. “We are not just participants—we are catalysts,” she said. “We must lead with bold, honest…

By Atoyebi Nike US President Donald Trump has approved a fresh round of tariffs targeting Indian exports, citing India’s continued oil trade with Russia. The new measures will raise tariffs on certain goods to 50%, with an additional 25% levy set to take effect in three weeks, following a prior 25% increase scheduled for Thursday. While some sectors such as steel, aluminium, and pharmaceuticals are currently exempt, the penalties mark an escalation in Washington’s trade tensions with India. India has denounced the move as “unfair, unjustified, and unreasonable.” Officials argue that the decision ignores the complex energy realities triggered by…