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$600m monthly diaspora remittances proof of reforms – FG

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The Federal Government has expressed excitement over a sharp rise in diaspora remittances, which have surged to $600m monthly in the past two months, according to figures from the Central Bank of Nigeria.

The Chairman of the Nigerians in Diaspora Commission, Abike Dabiri-Erewa, said the increase reflected renewed confidence in the Nigerian economy and recent CBN policy reforms.

In a statement issued by NiDCOM’s spokesperson, Abdur-Rahman Balogun, on Monday, Dabiri-Erewa described the inflow as “humongous,” noting that it marked a 200 percent jump from the $200m monthly average previously recorded.

She commended CBN Governor, Olayemi Cardoso, for reforms such as the introduction of the Non-Resident Bank Verification Number and a more competitive exchange rate, which have encouraged Nigerians abroad to channel funds through official platforms.

Dabiri-Erewa also echoed Cardoso’s optimism that remittances could hit $1bn monthly by 2026.

She reaffirmed NiDCOM’s commitment to deepening diaspora engagement through platforms like the Nigerian Diaspora Investment Summit, National Diaspora Day, and the Diaspora Youth Summit.

She further praised the patriotism and trust of Nigerians in the diaspora, stressing that President Bola Tinubu’s administration remained committed to the welfare of citizens both at home and abroad.

Meanwhile, speaking at the Delta State–Brazil Business and Investment Roundtable in São Paulo, Cardoso highlighted the impact of the reforms.

“Our exchange rate is becoming a lot more competitive. Those who previously sought other channels to send their money back home no longer have to do so,” he said.

According to him, the reforms have already boosted inflows from $200m to $600m monthly, underscoring growing confidence in the Nigerian economy.

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Veteran Yoruba broadcaster and comic actor, Timothy Agboola, widely known as Ereke Ni Shop, has died

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Veteran Yoruba broadcaster and comic actor, Timothy Agboola, widely known as Ereke Ni Shop, has died after battling an illness.

It was reports that the entertainer passed away on Wednesday at a private hospital in Lagos after reportedly being sick for a long time.

Agboola built a strong reputation in Yoruba broadcasting and comedy.

Over the years, he became popular for programmes that mixed humour with storytelling while also promoting Yoruba culture and traditions.

Many listeners saw him as someone who loved his heritage and proudly represented Ijesa culture through his work.

Following the announcement of his death, many colleagues, friends and fans began sharing messages of condolence on social media.

One of his associates, Idris Shogbola, was among those who first shared the sad news online while mourning the loss of the veteran broadcaster.

“May the soul of our boss rest in peace. Pa Timothy Agboola ‘Ereke ni Shop’. Baba Oloye Repete… A broadcaster, actor, comedian. May God Almighty give you eternal rest in peace. Amen. Ereke ni Shop sun re o,” he wrote.

Agboola gained wide attention through his unique storytelling style and lively comedy.

His radio shows often combined humour with social observations about daily life, which made him popular among many Yoruba listeners.

During his long career in the entertainment industry, he worked with several well-known entertainers, including Baba Alajeju.

Some of his comedy performances date back to the 1970s when he was already becoming known for his lively stage presence.

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I Don’t Leave My House Without Going Through Newspapers – Tinubu

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President Bola Tinubu has assured Nigerians that he is always concerned about the welfare of the masses.

He disclosed that he reads about happenings in the country every morning before leaving home.

Tinubu stated this during an interfaith breaking of fast with senior journalists and media executives at the Presidential Villa in Abuja.

He said that he was a little bit stubborn at the beginning of his administration.

The president also stated that his administration has opened up on the principles of true federalism to the extent that local governments now get direct allocation from the Federal Government.

He said, “There’s no morning that I ever leave my house without going through the newspapers. It’s an addiction. I read all of you.

“It might not be in full detail, but headline, the one that would hit me and the ones that won’t.

“At the beginning of this administration, I was just a little bit stubborn, looking at opportunities to correct things and make life more easier for the downtrodden.”

Meanwhile, Tinubu has stated that improving Nigeria is a collective responsibility.

He asserted that the country’s development cannot be the sole responsibility of the federal government and urged the media to hold states and local governments accountable.

The President stated this on Friday when he hosted media executives and proprietors at the Aso Rock Presidential Villa in Abuja.

Tinubu cited increased financial autonomy for the lower tiers of government and urged the media to extend the same level of scrutiny they apply to his government to the local and state administrations.

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“We’ve opened up the principle of federalism to the extent that local governments are now getting their money. But how they use it is in your hands,” Tinubu said.

“So don’t bombard me alone; look at the local government too. Yes, we can complain it’s not enough; we can complain we are not where we should be. But we have to manage what we have to sustain today, survive tomorrow, and make progress.

“Today, there is no state that is borrowing to pay the salaries of employees,” he told the gathering.

“Yes, we can complain that it’s not enough. We can complain we are not where we should be, but we have to manage what we have to sustain today, survive tomorrow, and make progress,” he added.

The ex-Lagos State governor reiterated his commitment to doing the job with dedication.

“And I promise you, the job that I continue to do is dedication, patriotic dedication to improve Nigeria. It’s all in our hands; it’s a collective responsibility,” he said.

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US Lawmaker, Moore Alleges American University Shooter Met ISIL In Nigeria

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United States lawmaker, Riley Moore, has alleged that a shooter who attacked Old Dominion University in Virginia met with members of the extremist group Islamic State of Iraq and the Levant (ISIL) in Nigeria before carrying out the incident.

Moore made the allegation on his 𝕏 account on Saturday, in response to the attack.

It was understands that the attacker, Bailor Jalloh, a former Virginia National Guard member and convicted supporter of ISIS, entered a classroom filled with Reserve Officers’ Training Corps (ROTC) students and opened fire.

According to the FBI, the gunman shouted “Allahu Akbar”, Arabic for “God is greater”, before shooting at students inside Constant Hall.

The classroom quickly descended into chaos as terrified students scrambled for safety.

However, several ROTC students bravely confronted the gunman and ultimately subdued him, preventing what authorities believe could have been a far deadlier massacre.

Reacting to the development, the lawmaker claimed that the suspect was earlier imprisoned but was released before the attack despite alleged ties to the terrorist group.

“The radical Islamic terrorist who attacked Old Dominion yesterday was let out of prison early despite meeting with ISIL in Nigeria and seeking to aide and abet ISIL in carrying out an attack on our homeland,” Moore said.

The congressman criticised the circumstances surrounding the suspect’s release, describing the development as alarming and unacceptable.

“This is insane, and it MUST END! That’s why I’m introducing a bill to denaturalize and deport any naturalized citizen who seeks to commit a terrorist attack or aids and abets terrorism against the American people,” he said.

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