Oluwatosin Ogunjuyigbe

I tell stories and increase audiences. @BusinessDayNg ex: @VenturesAfrica| Market analyst| Tech enthusiast. https://t.co/UXL8JgDirH

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Articles

Wale Edun says forensic audit of NNPC is underway

15 hours ago | businessday.ng | Oluwatosin Ogunjuyigbe

Wale Edun, the minister of finance and coordinating minister of the economy, has announced that a forensic audit of the Nigerian National Petroleum Company (NNPC) Limited is in the works. Edun made this statement on Tuesday during the Nigerian Investor Forum held alongside the International Monetary Fund (IMF) and World Bank spring meetings in Washington, DC, United States.
Federal government releases N50bn to pay ASUU

23 hours ago | businessday.ng | Oluwatosin Ogunjuyigbe

Education Minister Dr. Maruf Alausa announced on Wednesday that the Federal Government has released N50 billion to university staff unions. This money will settle earned allowances that President Bola Tinubu had promised to pay. The announcement came through Folasade Boriowo, Director of Press at the Federal Ministry of Education.
- Businessday NG

1 day ago | businessday.ng | Oluwatosin Ogunjuyigbe

IMF Director Kristalina Georgieva reportedly apologised on Monday in Washington, DC, for recent comments about Nigeria needing to consider the poor in its economic policies. This came after Senator Jimoh Ibrahim criticised the IMF for making “negative comments that lack supporting data” about Nigeria’s economy. The IMF had questioned how the Nigerian government’s reforms were affecting poor citizens during meetings with lawmakers.
Putin offers to halt Ukraine invasion

1 day ago | businessday.ng | Oluwatosin Ogunjuyigbe

Russian President Vladimir Putin has offered to stop his invasion of Ukraine at the current battle lines as part of potential peace talks with U.S. President Donald Trump, according to a Financial Times report published Tuesday. The report, which cites unnamed sources familiar with the situation, says Putin made this offer during a meeting with Trump’s special envoy Steve Witkoff in St. Petersburg earlier this month.
FG to close down Marine Bridge for 60 days

1 day ago | businessday.ng | Oluwatosin Ogunjuyigbe

The Federal Ministry of Works has announced a 60-day closure of the Marine Bridge in Lagos beginning from Sunday, April 27, as part of ongoing structural repairs. Speaking on Channels Television’s Sunrise Daily on Tuesday, the Federal Controller of Works for Lagos State, Olukorede Kesha, said the first section at the beginning of the bridge will completely close for 20 days. This initial closure will likely cause major traffic problems around Apapa, Ijora, and Iganmu.
Trum says he has no intention to fire Fed chief Powell

1 day ago | businessday.ng | Oluwatosin Ogunjuyigbe

US President Donald Trump said he won’t fire Federal Reserve Chair Jerome Powell, despite wanting faster interest rate cuts. “Never did,” Trump told reporters Tuesday. “The press runs away with things. No, I have no intention of firing him. I would like to see him be a little more active in terms of his idea to lower interest rates.”This comes after Trump’s economic advisor, Kevin Hassett, told reporters that Trump was checking if he could legally fire Powell.
Mahama suspends Ghana's chief justice over alleged misconduct

1 day ago | businessday.ng | Oluwatosin Ogunjuyigbe

John Mahama, Ghana’s president, has suspended Gertrude Torkornoo, the country’s chief justice, over allegations of misconduct. Ghana’s presidential spokesperson, Felix Kwakye Ofosu, announced on Tuesday that the Council of State made this decision after three people filed complaints against the Chief Judge. According to Ofosu, Torkornoo is accused of tampering with court records and misusing public money.
Nigeria seeks debt reduction at IMF/World Bank summit

1 day ago | businessday.ng | Oluwatosin Ogunjuyigbe

Nigeria’s Finance Minister Wale Edun is heading to the IMF and World Bank summit in Washington, D.C. to work on growing the economy while reducing debt, according to a statement released Tuesday. The statement was signed by Mohammed Manga, Director of Information and Public Relations. At the summit, Edun will meet with top officials from the IMF, World Bank, and International Finance Corporation. He’ll also join discussions about climate finance, energy transition, and debt restructuring.
US stocks rebound as Treasury secretary calls China trade war 'unsustainable'

2 days ago | businessday.ng | Oluwatosin Ogunjuyigbe

Treasury Secretary Scott Bessent told investors Tuesday that the US-China trade war is unsustainable and he expects the battle to de-escalate, giving a boost to a Wall Street rally that had taken shape this morning. The stock market made a strong comeback on Tuesday. The Dow rose by 1,017 points (2.66%), the S&P 500 increased 2.51%, and the Nasdaq gained 2.71%. This recovery erased Monday’s significant losses. Stocks were already up Tuesday as investors bought after Monday’s big drop.
Yahaya Bello felicitates Christians, urges peace in Easter message

3 days ago | businessday.ng | Oluwatosin Ogunjuyigbe

Former Kogi State Governor Alhaji Yahaya Bello has extended Easter greetings to Christians across Kogi State and Nigeria, encouraging them to embrace the season’s teachings of love, sacrifice, peace and unity. In a goodwill message released Saturday by the Director of his Media Office, Ohiare Michael, Bello congratulated Christians on completing the 40-day Lenten period and suggested their prayers would support the ongoing implementation of President Bola Tinubu’s administration’s goals.