Day: October 16, 2024

Oyedepo defends pastors’ retirements amidst backlash

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Founder of the Living Faith Church a.k.a. Winners Chapel, Bishop David Oyedepo has replied critics to refrain from questioning the church’s decisions regarding the retirement of its pastors. Last week, Oyedepo announced that his two vice presidents; Bishops Thomas Aremu and David Abioye, would be retiring after serving three and four decades in the ministry. The move generated criticisms on social media as many believed the man should not ha e retired the men who were still active while he remains despite his age. Oyedepo however said that the critics…

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Jigawa tanker explosion leaves 105 dead, 55 injured

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A petrol tanker explosion in Majiya town, Taura Local Government Area of Jigawa State has left at least 105 people dead. This figure was confirmed by the Public Relations Officer of the state Police Command, Shiisu Adam. He said that about 55 people sustained various degrees of injuries and were hospitalized at Ringim General Hospital. According to him, the incident occurred at about 11:30 pm on Tuesday night in Majia Town, when the tanker driver lost control near Khadija University. He said the tanker left Kano, on its way to…

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World Bank says naira among worst-performing currencies in Africa

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World Bank’s latest Africa’s Pulse report says Nigerian currency, Naira has been listed as one of the worst-performing currencies in Sub-Saharan Africa in 2024. As of August 2024, the naira had depreciated by approximately 43% year-to-date, ranking it among the weakest currencies alongside the Ethiopian birr and the South Sudanese pound. The decline is attributed to surging demand for U.S. dollars in Nigeria’s parallel market, limited dollar inflows, and slow foreign exchange disbursements by the central bank. The report highlights that financial institutions, non-financial end-users, and money managers driving dollar…

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Tuition fees hike: YABATECH bars students, moves lectures online

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An official memo has been issued to both part-time and full-time students of Yaba College of Technology, (YABATECH), Lagos, to stay off-campus until further notice. This is as a result of suspected planned protest by students over the increment of tuition fees by the school management. In a circular signed by the institution’s registrar, Dr. Emmanuel Akinwale, he stated that learning activities would continue online. “Due to unforeseen circumstances, College management has decided to reschedule all learning activities, including revisions and registration for part-time examinations, to hold online effective Monday,…

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