
AFOLABI
Burna Boy surprises fans with new album announcement
Grammy-winning Nigerian singer, Damini Ogulu, popularly known as Burna Boy, has surprised his fans with the announcement of his seventh studio album.
The singer shocked his fans on Monday morning by announcing that he is releasing a new album at midnight without prior notice.
He, however, did not share the album cover or title.
“Album dropping 12am,” Burna Boy wrote via X.
His surprise announcement has generated buzz among fans, who are eagerly anticipating the album.
Nigeria records zero foreign capital investment in Q1 2024 – NBS
Nigeria’s oil and gas sector recorded zero foreign capital investments in the first quarter of 2024 amid the crisis.
This is according to the National Bureau of Statistics Nigeria’s Capital Importation data for Q1.
Meanwhile, other sectors saw the country’s capital import rose by 210 percent to 3,376.01 million from $1,132.65 million recorded in Q1 2023.
This coming despite the oil and gas sector being Nigeria’s main source of revenue.
Further analysis showed that in the period under review, the Africa Largest Oil Producer failed to attract Foreign Direct Investment, and portfolio investment in the oil and gas industry such as investments in financial assets like stocks, bonds, and securities.
Meanwhile, the banking sector received the highest capital importation to Nigeria in the period.
This coming despite the oil and gas sector being Nigeria’s main source of revenue.
Further analysis showed that in the period under review, the Africa Largest Oil Producer failed to attract Foreign Direct Investment, and portfolio investment in the oil and gas industry such as investments in financial assets like stocks, bonds, and securities.
Meanwhile, the banking sector received the highest capital importation to Nigeria in the period.
August 1 protest to cost Nigeria’s economy N400bn daily losses – CPPE
The Centre for the Promotion of Private Enterprise, CPPE said the planned 1-10 August hardship protest could cost Nigeria an estimated daily loss of N400,000 if not properly managed.
CPPE Director, Muda Yusuf disclosed this in a statement on Sunday, saying the protest posed a grave danger to Nigeria’s already fragile economy.
According to the economic think-tank group, the organizers of the planned protest should not offer a platform for elements in the country who have criminal intentions and whose agenda is to inflict pain on innocent citizens and corporate organizations and destroy public assets.
It also urged President Bola Ahmed Tinubu’s government to expeditiously implement its economic stabilization plan to ease production costs and ultimately reduce inflationary pressures.
“The proposed nationwide protests portend grave dangers for an economy which is already in a very fragile state. The protests could inflict an estimated daily loss of N400 billion, if not properly managed.
“The consequences of such a huge loss for the country and the citizens would be very severe. “There is a high risk of shutdowns and disruptions in major sectors of the economy. These include trade and commerce, manufacturing, entertainment, transportation, logistics, financial services, the hospitality industry, agriculture, aviation, ICT, and construction sectors.
“This is in addition to risks to the lives and properties of innocent citizens and corporate bodies. The safety of government assets is also at risk.
“We cannot fix a problem by promoting such negative tendencies.
“Over 90 percent of employed Nigerians are in the informal sector. Employees in this space are dependent on daily income and any disruption to their economic activities beyond 24 hours could snowball into major social unrest. This underlines the country’s vulnerability to prolonged protests”, CPPE stated.
DAILY POST reports that a group known as the Take It Back Movement announced a planned Nationwide protest amid the rising cost of living and hardship in Nigeria.
TIB movement, through its solicitor, Ebun-Olu Adegboruwa wrote to the Nigeria Police Force and the Department of State Service seeking protection during the protest.
Meanwhile, Inspector General of Police, Kayode Egbetokun had asked protesters to provide details as a condition to ensure protection.
In the last weeks, there have been calls for and counter for the planned protest.
Nine reasons Nigeria can’t prosper – Moghalu
Former Deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu, has explained why African countries can’t create prosperity.
Moghalu said Nigeria and other African countries have weak governance capacity, including foundational philosophical worldview, knowledge of public policy framing and execution, Monitoring and evaluation framework, amongst other.
He posted on X: “Why African countries can’t create prosperity: weak governance capacity. Absence of:
1. Foundational philosophical worldview (EVERY prosperous developed country has one).
2. Knowledge of public policy framing and execution.
3. Monitoring and evaluation framework.
4. Decision Science (data-based policy making).
5. Basic macroeconomic knowledge (as DepGov @cenbank this was obvious from interactions across @NigeriaGov and @nassnigeria ).
6. Strategy and risk management.
7. Understanding of the role of the private sector and the right balance between the state (regulation and policy) and the market.
8. Accountability (in reality) for corruption, thus allowing corruption (which exists everywhere) to become systemic and completely divert away from a true focus of governance on development.
9. Nationhood. Too much atomistic thinking along identity (ethnic and religious) lines. This completely destroys any inclination to objectivity in decision making. In the absence of a true worldview many African countries are “governed” by small views.”
Paris 2024 Olympic: Nigeria’s D’Tigress makes history, win first Olympic game
Nigeria’s D’Tigress made history after winning their first-ever game at the Paris 2024 Olympics by beating Australia on Monday morning.
D’Tigress finally won a game at the Olympics after beating Australia 75-62 in the opening game.
They were unfancied heading into the game but sprung a surprise result to kick-start their campaign.
Ezzine Kalu, who plies her trade in France, oozed class on the court, scoring 19 points.
Nigeria recovered from a slow start to win the first quarter 18-17.
They had an even better second quarter, winning 23-11.
D’Tigress will next play hosts France before wrapping up their group-stage campaign against Canada on August 4.
Ondo governor appoints Seyi Law as SSA
The Governor of Ondo State, Hon. Lucky Aiyedatiwa has appointed comedian, Oluseyi Aletile, popularly known as Seyi Law, as his Senior Special Assistant on Entertainment & Tourism.
Chief Press Secretary to the governor, Ebenezer Adeniyan disclosed the appointment in a statement on Monday.
Adeniyan said the appointment was in continuation of efforts to enhance governance and service delivery to the people of Ondo.
Also appointed as Senior Special Assistants were Alonge Felix Kolawole (Social Investment), Hon. Tomide Akinribido (ICT), Allen Sowore (Strategic Communication), Femi Lawson (Public Enlightenment), Rotimi Agbede (Citizen Orientation), Muyiwa Ogunleye (Community Integration), Rotimi Wemimo Akinsola (Agric & Agribusiness), Uzoma Egbulefu (Non-indigenes), and Chief Olufunke Adu (Market Women Relations).
The governor equally appointed 20 others as special assistants.
They are Mrs Eko Davies (Traders Affairs), Kike Isijola (Digital Media), Mrs Dupe Adetuwo (Arts & Culture), Oriade Adebanwo (Emergency Response), Fadesola Ojamomi (Inter-Party Affairs), Oladimeji Olawale (Intra-Party Affairs), Akinboni Samuel (Party Affairs), and Bello Titus Abiodun (Innovation).
Also appointed as SAs are Hon Ejor Moses Agagu (Mobilisation), Oluyemi Damilola Grace (Mobilisation), Isaiah Igwe (Non-indigenes for Igbo – North), Francis Belohun (Non-indigenes for Igbo – Central), Uche Okafor (Non-indigenes for Igbo – South), Mohammed Jamil (Non-indigenes for Hausa – North), Goniya Garuba (Non-indigenes for Hausa – Central), and Issa Umar Mohammed (Non-indigenes for Hausa – South).
Others are Tenuche Fatai (Non-indigenes for Ebira – North), Alhaji Abdulkadir Adinoyi (Non-indigenes for Ebira – Central), Alhaji Abdulkareem Ododo (Non-indigenes for Ebira – South) and Imo Owoh ( Non-indigenes for Others).
Adeniyan said the appointments took immediate effect.
While congratulating the new appointees, the governor urged them to dedicate themselves to serving the people of the state.
Hunger protest: FG directs varsities to tighten security on campuses
The federal government has directed the Vice Chancellors of universities to tighten security in their various campuses ahead of planned nationwide protests being organized bodies over the growing economic hardship in the country.
Chris Maiyaki, the Acting Executive National Universities Commission (NUC), in a letter to the Vice Chancellors on behalf of the Minister of Education, Prof. Tahir Mamman, asked the Vice Chancellors to take other proactive measures to protect the school environment, its properties and staff.
The letter reads: “The Honourable Minister of Education has directed that the attention of Vice-Chancellors of all Nigerian Universities be formally drawn to the plan by unknown groups to embark on nationwide protests.
“The Federal Government is not unaware of the right of any Nigerian to peaceful protest, but is concerned about the safety of staff, students and university property should there be any protest action.
“Consequently, the Minister has directed that Vice-Chancellors of all Nigerian Universities should take proactive steps to ensure the security and safety of the university community, including staff and students.
“In addition, Vice-Chancellors are to please issue specific statements to assure staff and students of their safety. It is also advisable that students remain on campus to focus on their academic pursuits so as to avoid exposure to any potential danger during the planned protests. Please accept the renewed assurances of my highest considerations and best wishes.”
Exclusive tour of the BBNaija season 9 'No Loose Guard' house
The highly anticipated ninth season of Big Brother Naija (BBNaija) has made its grand debut, introducing viewers to the dazzling new “No Loose Guard” house.
The housemates, who will be competing in the “better-as-pairs” format, will call this luxurious space home for the next 71 days.
As the season kicked off, organizers introduced the housemates who will vie for the coveted grand prize.
The winner of BBNaija Season 9 will walk away with a whopping N100 million, along with other fantastic rewards.
The “No Loose Guard” house is equipped with state-of-the-art amenities and stylish interiors, providing a comfortable and visually appealing environment for the contestants.
The housemates will be under constant surveillance, with cameras capturing their every move and interaction 24/7.
For a sneak peek at the interior of the BBNaija S9 house, check out the first glimpses of the luxurious living space that the housemates will enjoy.
See below;
Destiny Etiko laments economic hardship in the nation
Curvy Nigerian film actress, Destiny Etiko has queried Nigerians for getting excited over the new season of the Big Brother Naija amid the hardship in the country.
In a post on her official page on the photo and video sharing site, Instagram, she noted how the country is currently under an economic downturn, yet Nigerians still have money for data.
She stated that if Nigerians aren’t complaining, then who is she to complain as she is only concerned for the poor masses.

Destiny Etiko noted how the crime rate has increased, and insecurity is the order of the nation, yet everyone is calm.
“E don red for our country, and I still dey see people dey happy about BBN Hmmmm nawa o.
Oh, una still get enough money for data, Abi?
If you guys do not complain, who am I to do so?
Am majorly concerned about the pøor masses, though.
That you can survive does not mean that everyone can o.Crime is now happening everywhere.
Insecurity has become the order of the day, and everyone is literally calm.
The earlier
The better”.
I had nearly given up on my 50-year-old brother Segun Obe getting married - Tunde Obe
Singer and actor Tunde Obe says he had almost given up on his younger brother, Segun Obe getting married.
The younger Obe got married to Ghanaian, Nita Aboagye in Accra on Thursday, July 18 at the age of 50.
A joyous Tunde Obe shared pictures from the wedding activities on X on Saturday, confessing that he thought his sibling might no longer get married. Tunde Obe wrote:
“It is with GREAT pleasure and tremendous JOY that I announce the wedding of my dear aburo @SegunObe1 to Ms Nita Abogye… In fact, I had nearly given up. But it’s never too late to find love. Segun has found his missing rib, at 50. My happiness knows no bounds,”
The 55-year-old who attended the wedding ceremonies with his wife Wunmi Obe said in another post:
“It was a beautiful week in Ghana, celebrating one of the dearest people in my life, my younger brother.”
Tunde’s post came after his brother confirmed his marriage in a social media post on Saturday. Segun wrote:
“Not a word failed of ANY GOOD THING which the Lord has spoken to the house of Israel. All came to pass (Joshua 21:45).
“…and so, exactly a week ago, I got hitched with the love of my life NITA in the city of Accra in Ghana.
“God is never too early, or too late…He is ALWAYS right on time.
“To God be the glory,”

His sister-in-law Wunmi Obe also shared a video from the wedding on Facebook, writing,
“So last week Thursday 18th July in the beautiful city of Accra Ghana, Obe family went to ask for the hand in marriage of one the beautiful daughters of the soil, Nita Aboagye, on behalf of their son, Segun Obe. With this kain steeze on display, how were they going to refuse us?? Naija nor dey carry last, abeg!”