Author: Atoyebi Adenike

By Atoyebi Nike Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called for stronger coordination between fiscal and monetary authorities to sustain Nigeria’s economic reforms and attract long-term investment. Speaking at the London Business School’s Wheeler Institute for Business and Development on October 10, Cardoso highlighted the importance of clear communication, credible data, and policy alignment in maintaining investor confidence. “No central bank can stabilise an economy in isolation. Fiscal and monetary authorities must constantly shake hands, speaking the same language and heading in the same direction,” he said. Cardoso explained that the CBN has strengthened collaboration…

By Atoyebi Nike OpenAI, the company behind ChatGPT, has announced a strategic partnership with chipmaker Broadcom to design and manufacture specialized computer processors tailored for artificial intelligence. The move is part of OpenAI’s broader push to solidify its leadership in the generative AI revolution that began with ChatGPT’s launch in November 2022. Under the leadership of CEO Sam Altman, OpenAI has recently entered a series of major agreements with technology giants, including Nvidia, AMD, Samsung, and SK Hynix, to bolster its data center capacity and chip development. The Broadcom deal represents a critical next step in building a custom hardware…

By Atoyebi Nike Nigeria’s crude oil production fell to 1.39 million barrels per day (bpd) in September 2025, marking the second consecutive monthly decline and the lowest output in seven months. This was revealed in the latest Monthly Oil Market Report released on Monday by the Organization of the Petroleum Exporting Countries (OPEC). The figure, sourced through direct communication with Nigerian authorities, represents a decline from 1.434 million bpd recorded in August and remains below the country’s OPEC allocation of about 1.5 million bpd for the month. OPEC typically gathers production data through direct submissions and secondary sources, including energy…

By Atoyebi Nike The Federal Government has ordered vice-chancellors of federal universities to enforce the “no work, no pay” policy against members of the Academic Staff Union of Universities (ASUU) currently on a nationwide strike. The directive was issued in a circular dated October 13, 2025, signed by the Minister of Education, Dr. Tunji Alausa. Copies of the circular were sent to top government officials, including the Head of Service, Pro-Chancellors, and the National Universities Commission (NUC). The ministry expressed dissatisfaction with the lecturers’ continued strike despite repeated appeals for dialogue. It stressed that government would no longer tolerate violations…

By Atoyebi Nike The Academic Staff Union of Universities (ASUU) on Monday commenced a two-week warning strike after the 14-day ultimatum it gave to the Federal Government expired on Sunday. ASUU National President, Prof. Chris Piwuna, announced the strike during a press briefing at the University of Abuja. He said there was “nothing sufficient on the ground” to halt the implementation of the union’s resolution to withdraw services from October 13. “Consequently, all branches of ASUU are hereby directed to withdraw their services with effect from midnight on Monday, the 13th October, 2025. The warning strike shall be total and…

By Atoyebi Nike The House of Representatives has passed for second reading a bill seeking to create Ibadan State from the present Oyo State. The bill, titled “A Bill for an Act to Alter the Constitution of the Federal Republic of Nigeria, 1999 (as amended) to Provide for the Creation of Ibadan State with Ibadan as the Proposed Capital City and for Related Matters,” was sponsored by Abass Adigun, who represents Ibadan North Federal Constituency. It scaled second reading during Thursday’s plenary presided over by Deputy Speaker Benjamin Kalu, after majority of lawmakers voted in favour. Leading the debate, Adigun…

By Atoyebi Nike The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has secured the conviction of Mr. Garuba Mohammed Duku, a retired Director of Finance and Administration with the Abuja Metropolitan Management Council (AMMC), over corruption and money laundering involving ₦318 million. In a statement, the ICPC said the Federal High Court, Abuja, presided over by Justice James Omotosho, found Duku guilty on a six-count charge and sentenced him to 24 years’ imprisonment. The charges were filed in suit number FHC/ABJ/CR/608/2022. Investigations revealed that between 2012 and 2013, Duku fraudulently diverted ₦318,250,000 belonging to AMMC into his personal…

By Atoyebi Nike The Federal Government has dismissed the World Bank’s report that estimated 139 million Nigerians are living in poverty, describing the figures as outdated and not reflective of the country’s current realities. Sunday Dare, Special Adviser on Media and Public Communication to President Bola Tinubu, stated this in a post on X, noting that while Nigeria values its partnership with the World Bank, the data must be properly contextualised. He explained that the figure is based on the global poverty line of $2.15 per day set in 2017, which, when converted, equals about $64.5 monthly or nearly ₦100,000…

By Atoyebi Nike Veteran broadcaster, corporate leader, and diplomat, Dr. Christopher Kolade, has died at the age of 92. His family confirmed that the respected elder statesman passed away peacefully in the early hours of Thursday. Kolade was one of Nigeria’s most distinguished public figures, celebrated for his integrity, professionalism, and decades of dedicated service across broadcasting, business, education, and diplomacy. Born in 1932 in Erin-Oke, Osun State, Kolade began his career in broadcasting and rose to become Director-General of the Nigerian Broadcasting Corporation (NBC), where he set high standards of professionalism that shaped Nigeria’s media landscape. He later served…

By Atoyebi Nike President Bola Tinubu is presiding over a meeting of the Council of State at the Presidential Villa, Abuja, where he is presenting nominees for consideration as the next Chairman of the Independent National Electoral Commission (INEC). The hybrid session began at 1:29 p.m. on Thursday, 48 hours after Prof. Mahmood Yakubu completed his 10-year tenure as INEC Chairman. Tinubu presented three nominees Prof. Joash Amupitan, Justice Abdullahi Mohammed Liman, and Prof. Lai Olurede for the Council’s consideration. All three are legal and academic professionals undergoing screening as Yakubu’s possible successors. Former Heads of State Gen. Abdulsalami Abubakar…