News
Understanding the Significance of Nigeria’s 2025 Budget: Insights from Adetilewa Adebajo.

In a recent interview with Arise Television, Adetilewa Adebajo, a prominent Nigerian financial expert and CEO of CFG Advisory, provided critical insights into the newly signed 2025 budget, amounting to N54.99 trillion. This budget, recently approved by both chambers of the National Assembly and signed into law by President Bola Ahmed Tinubu, represents a substantial increase from the previous year’s N27.5 trillion allocation.
Adebajo emphasized a particularly noteworthy aspect of the budget: the non-allocation of funds for the fuel subsidy, a decision that marks a significant departure from previous fiscal strategies. In 2024, the fuel subsidy consumed approximately N4 trillion, creating substantial fiscal pressure. Adebajo highlighted that this shift is crucial, stating, “For the first time in a long while, no funds were allocated to fuel subsidy. I think this is something very important.”
The 2025 budget also outlines key economic parameters, including an exchange rate benchmark of N1500 per dollar, an interest rate set at 15 percent, and a crude oil production target of 2.06 million barrels per day at a benchmark price of $75 per barrel. These figures reflect the government’s intent to stabilize the economy and promote sustainable growth.
As Nigeria navigates its economic challenges, Adebajo’s insights underscore the importance of fiscal reform and the potential for a more resilient economic framework, free from the burdens of extensive subsidy allocations. The implications of this budget will undoubtedly shape Nigeria’s financial landscape in the coming year.
News
Kanu Case Reassigned: A New Chapter in Legal Proceedings.

The legal saga surrounding Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), has entered a new phase with the official reassignment of his case to a different judge. This development was confirmed by Kanu’s lead counsel, Aloy Ejimakor, who revealed the legal team received official notification regarding the reassignment.
According to Ejimakor, the Chief Justice of Nigeria responded to a request for administrative intervention following the previous judge’s recusal. A subsequent letter from the Chief Judge of the Federal High Court officially informed the legal team of the case reassignment.
Kanu, through his legal team, expressed gratitude for the decision and reiterated his readiness for trial. Ejimakor emphasized that Kanu is confident in his innocence and has consistently sought a fair and speedy hearing, a process which faced impediments following the recusal of the previous judge. The focus now shifts to mounting a vigorous defense, ensuring due process is upheld throughout the proceedings.
Entertainment
Allegations Surface Against Destiny Etiko: Queeneth Hilbert Accuses Co-Star of Interference.

Recent social media activity has ignited a controversy within the Nigerian film industry. Actress Queeneth Hilbert has publicly accused colleague Destiny Etiko of engaging in an inappropriate relationship with Hilbert’s former boyfriend.
In a video circulating online, Hilbert alleges Etiko’s involvement with her ex-partner, going so far as to threaten physical confrontation should Etiko return to Asaba. The accusations stem from Etiko’s decision to unfollow Hilbert on social media, triggering a response filled with accusations of betrayal and opportunism.
Hilbert further claims that Etiko’s alleged actions are part of a pattern of interfering in the relationships of fellow actresses, targeting men who provide financial support. The veracity of these claims remains unconfirmed, and further developments are anticipated as this situation unfolds. The industry awaits a response from Ms. Etiko.
News
Gospel Singer Mercy Chinwo Sues Influencer VeryDarkMan for Defamation.

Popular gospel artist Mercy Chinwo has initiated legal proceedings against social media influencer Martins Otse, known as VeryDarkMan (VDM), alleging defamation. The lawsuit, filed on March 3rd, stems from statements VDM made on social media in February, accusing Chinwo of breaching her contract with her former record label, EeZee Tee.
Chinwo claims VDM’s comments, accusing her of diverting funds and violating contractual agreements, are false and damaging to her reputation. Her legal team, led by Pelumi Olajengbesi, argues that VDM, despite lacking direct involvement in the matter, intentionally presented the issue in a way that tarnished the singer’s image.
The lawsuit seeks a court order for VDM to remove the allegedly defamatory posts, issue a retraction and apology across his social media platforms and in national newspapers, and pay ₦1.125 billion in damages and legal fees. This action follows previous accusations by Chinwo against EeZee Tee, citing exploitation and threats. The legal battle underscores the growing intersection of online commentary and legal accountability within the Nigerian entertainment industry.
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