Lifestyle

World Bank warns CBN on negative impact of Naira redesign on economy, poor households

World Bank warns CBN on negative impact of Naira redesign on economy, poor households

The World Bank has warned that the time and short transition period to the redesigned naira notes will have a negative impact on economic activities and in particular the poorest households.  The redesigned N200, N500, and N1000 naira notes came into circulation on Thursday, December 15th while the old ones will cease to be legal tenders from January 31st of next year.  The World in its latest Nigeria Development Update, December 2022, agreed with the Central Bank of Nigeria, CBN, that the need to redesign the nation’s currency is overdue noting the naira has not been redesigned for two decades.…
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I’m heartbroken – London Mayor reacts to Asake’s concert disaster

I’m heartbroken – London Mayor reacts to Asake’s concert disaster

London Mayor, Sadiq Khan, has expressed sadness over a crash outside a South London venue hosting a concert by Nigerian Afrobeats singer, Ahmed Ololade, professionally known as Asake. Asake was reportedly forced to end his sold-out performance at the O2 Academy Brixton on Thursday after a huge number of followers who did not have tickets attempted to force access to the venue. According to a Police report, eight people were transported to hospitals, while two more who suffered fewer injuries were attended to at the scene. Asake, in a post shared on his Instagram on Friday, publicly apologized to his…
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Nigerian mother of two dies after sustaining injuries at Asake’s concert stampede

Nigerian mother of two dies after sustaining injuries at Asake’s concert stampede

Rebecca Ikumelo, a 33-year-old Nigerian mother of two, has been pronounced dead after sustaining severe injuries during the stampede that occurred at singer Asake’s concert at Brixton O2 Academy in London. Late Ikumelo, who was very popular on Tiktok with videos she shared about her journey in taking care of her autistic son, died on Saturday in a hospital after being critically injured in the stampede. Confirming the death of the concertgoer on his Instagram on Saturday, Asake said, “I am devastated by the news that Rebecca Ikumelo, who was in a critical condition since Thursday, has sadly passed away.…
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BBNaija star, JMK called to Nigerian Bar

BBNaija star, JMK called to Nigerian Bar

Big Brother Naija reality show star, Jumoke Zainab Adedoyin, popularly known as JMK, has been called to the Nigerian Bar one year after graduation. The BBNaija season 6 ‘Shine Ya Eye’ housemate, On Tuesday, shared the good news in a post on her Instagram page. Posting photos of herself in a black robe and wig, the reality show star described the latest achievement as a testimony that she can become anything she wants to be in life. She wrote, “Being called to the Bar has just proven to me that I can become anything; I can be JMK the reality…
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133 million poverty index: Twists, turns as FG, States trade blame

133 million poverty index: Twists, turns as FG, States trade blame

The recent report by the Nigeria Bureau of Statistics (NBS) that about 133 million Nigerians live in poverty is generating serious controversy, with the Federal and State governors now trading words. Recall that in the early month of November, NBS disclosed that 133 million Nigerians were multi-dimensionally poor, saying that the figure represents 63 percent of the country’s population. The report blamed the country’s rising poverty on poor access to education, living standards, health, employment, and security. It further indicated that 65% of the country’s poor people (86 million) live in the North, whereas 35% (nearly 47 million) live in…
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