News
Tinubu Honors Nike Akande on Her 80th Birthday

President Bola Tinubu has extended congratulations to Olori Onikepo Olufunmike Akande, OON, CON, as she joyously celebrates her 80th birthday on October 29.
A true trailblazer, Onikepo Akande made history as Nigeria’s first female Minister of Industry and the second woman to lead the Lagos Chamber of Commerce and Industry.
Her huge achievements have paved the way for many women in leadership roles across the nation.
In honouring Olori Akande, President Tinubu emphasizes her significant contributions to both the public and private sectors in Nigeria.
Known affectionately as Nike, she is highly respected not just for her professional accomplishments but also for her integral role in her community and family life.
As the Iyalaje Iyalode of Ibadanland, Nike Akande is revered as a remarkable leader and an influential figure within her community.
She is a devoted wife to Oba Adebayo Akande, the Ekaarun Olubadan of Ibadanland, and takes great pride in her roles as a mother and grandmother, cherishing the achievements of her family.
Nike Akande’s career began in the early 1990s, when she held key positions as a director of the National Insurance Corporation of Nigeria (NICON) and the Nigeria Industrial Development Bank, now recognized as the Bank of Industry.
Her contributions extended beyond these roles as she served on the Board of Trustees for the National Centre for Women Development in Abuja from 1992 to 1994.
Her efforts during this period were crucial in promoting women’s empowerment and development across the country.
President Tinubu commends Nike Akande for her exceptional service in various capacities, including as a boardroom leader, public administrator, community advocate, philanthropist, and business executive.
Her tenure as Minister of Industry is particularly noteworthy; during this time, she dedicated herself to fostering economic progress and innovation in Nigeria, establishing policies that would benefit both businesses and the broader community.
Nike Akande’s academic credentials, which include an education from Harvard University, have further solidified her reputation as a leader in investment and economic development.
Her work has garnered numerous accolades both nationally and internationally, particularly for her initiatives aimed at empowering women in commerce and entrepreneurship.
She has served as an inspiration for many aspiring female leaders and entrepreneurs, demonstrating the impact of dedication and hard work.
In his message, President Tinubu expresses profound gratitude to Nike Akande for her commitment to mentoring and uplifting others in society.
He describes her as a role model for countless women throughout Nigeria, highlighting the importance of her contributions to the nation’s development.
The President honours Nike Akande not only for her professional achievements but also for embodying values of beauty, diligence, courage, affection, and kindness.
He acknowledges her exemplary role as a supportive partner to a respected traditional ruler and as a nurturing mother whose children have achieved remarkable success in their respective fields.
As part of his tribute, President Tinubu prays for God Almighty to bless Nike Akande with continued health and longevity.
News
Nigerians to Start Paying Full Electricity Price as Government Plans to Remove Subsidies

Nigeria’s Minister of Power, Adebayo Adelabu, has said that Nigerians should get ready for a new electricity pricing system that reflects the actual cost of power.
Speaking during a meeting with heads of the country’s power-generating companies in Abuja, Adelabu explained that the government can no longer afford to keep spending huge sums on electricity subsidies. He noted that the federal government currently owes power generation companies over N4 trillion in unpaid subsidy debts.
According to a recent report by the Nigerian Electricity Regulatory Commission (NERC), while the actual cost of electricity is around N116.18 per kilowatt-hour, consumers only pay N88.2—leaving a gap of nearly N28 per unit that the government has to cover.
Only about 15 percent of power users, those in Band A, are not receiving subsidies, meaning the rest still benefit from the price support. Adelabu made it clear that Nigerians must begin to pay the full value for the electricity they use, although he assured that low-income citizens will still receive targeted support to help with costs.
Business
Skype Finally Shuts Down After 22 Years of Connecting People Online

Skype, once a go-to platform for video and voice calls, is officially shutting down today, May 5, marking the end of its 22-year journey connecting people around the globe. The app was one of the first to revolutionize online communication, offering free calls over the internet long before it became common.
During its prime in the mid-2010s, Skype boasted over 300 million active users each month. Microsoft bought Skype in 2011 for a massive $8.5 billion, planning to make it a key part of its communication tools. However, as newer apps like WhatsApp, Zoom, and even Microsoft’s own Teams grew in popularity, Skype slowly lost its place.
In February, Microsoft announced it would officially shut down Skype on May 5 to focus more on Teams, which now handles most of its communication services. This move affects both free and paid users, although Skype for Business will stick around for a little longer.
News
Trump Says He Won’t Run Third Term but Hand Over to a Strong Republican Leader

Donald Trump has said he’s not planning to run for a third term as U.S. President. In a recent interview on NBC’s ‘Meet the Press’, Trump said although many people want him to go for it, he’s not considering it.
The former president, now in his second term, said the law doesn’t allow a third term, even though he’s floated the idea before. “To the best of my knowledge, you’re not allowed,” he said, adding that he’s not sure if that’s strictly constitutional.
Trump is now focused on making the most of his current term, saying he hopes to hand over to a “great Republican” when he’s done. The U.S. Constitution’s 22nd Amendment limits presidents to two terms in office.
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