News
Osun Governor Praises Brother for Power Plant Ambitions
In a recent conference video shared by Davido, Osun State Governor Ademola Adeleke highlighted his brother’s achievements in the electricity sector, stating, “I generate about 15% of Nigeria’s electricity.”
He revealed plans for Nigeria’s largest thermal power plant, set to launch in January 2025 with a capacity of 1,250MW, backed by Chinese engineering firms.
In his X post, the governor expressed pride in his brother and encouraged others to persevere against obstacles, emphasizing the importance of faith in their pursuits.
News
Mbappe Dismisses R@pe Allegations as “Fake News,” Vows Legal Action
Kylian Mbappe has strongly denied allegations of sexual misconduct reported by Swedish media, calling the claims “fake news” in a post on X.
The French football star, currently embroiled in a legal dispute with PSG over unpaid wages, stated that he is calm and confident as he faces the rumors.
His legal team has vowed to take action against what they described as a “slanderous campaign” aimed at tarnishing his image.
Mbappe’s entourage emphasized his willingness to cooperate with any investigation, asserting his innocence.
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Soldiers Rescue Four Captives, Neutralize Two Bandits in Kaduna
Troops in Kaduna State have successfully rescued four abducted victims and neutralized two bandits during a ransom collection attempt in Mai-Iddo village, Kachia Local Government Area.
The victims, including three women and a child, had been abducted from a farm last week.
The bandits were killed when they attempted to collect a N1.5 million ransom, following a planned operation by the military. The rescued victims have been reunited with their families, according to local sources.
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Naira Among Sub-Saharan Africa’s Weakest Currencies in 2024, Depreciates by 43%
The Nigerian naira has been named one of the weakest currencies in Sub-Saharan Africa in 2024, depreciating by 43% year-to-date, according to the World Bank’s Africa’s Pulse report.
This decline is due to high demand for U.S. dollars, limited inflows, and slow forex disbursements from the central bank. Despite reforms, broader economic challenges, including low reserves and inflation, continue to weigh on the naira.
However, the currency saw some recovery on October 14, appreciating by 5.69%. The World Bank projects Nigeria’s economy will grow by 3.3% in 2024.
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