Author: Ogooluwa Aremu
Ogooluwa Aremu is a business journalist at MarketForces Africa covering Nigeria's energy sector, macroeconomic policy, African continental affairs, cryptocurrency markets, and foreign exchange developments.His reporting spans Nigeria's oil and gas regulatory landscape, including coverage of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigeria International Energy Summit, and the downstream deregulation reforms reshaping Nigeria's petroleum sector. He also reports general market, Nigeria's fiscal reforms, World Bank and IMF engagements with Nigeria, and President Tinubu's economic policy initiatives.Ogooluwa covers Africa-wide developments through MarketForces Africa's Inside Africa desk, reporting on the African Union summits, continental economic policy, and cross-border developments affecting investment and trade across Sub-Saharan Africa.His cryptocurrency and forex market coverage tracks major digital assets, including Bitcoin, Ethereum, and Ripple, alongside. Nigeria's interbank FX market movements. He has covered major stories, including the African Union's 39th Ordinary Session in Addis Ababa, Nigeria's N6 trillion fuel import savings from deregulation, and the World Bank's assessment of Nigeria's economic reform programme. Ogooluwa Aremu is based in Lagos, Nigeria.
Bitcoin (BTC) price topped $79k on Sunday as crypto investors continued to increase their positions amid the recent launch of Hyperliquid’s prediction market.
2027: PDP Extends Sale of Nomination Forms Deadline The Peoples Democratic Party (PDP) has extended the deadline for the purchase of its expression of interest and nomination forms, earlier scheduled to close on May 4, to May 7. This is contained in a statement issued on Sunday in Abuja by the party’s National Publicity Secretary, Jungudo Mohammed. Mohammed said the extension is for three days, while the final date for submission of completed forms remains May 9. He advised all interested aspirants to take note of the extension and be guided accordingly. #2027: PDP Extends Sale of Nomination Forms Deadline#…
WHO Approves World’s First Malaria Treatment Designed Specifically for Newborn Babies For decades, the youngest and most defenceless victims of malaria had no treatment made specifically for them. Doctors worked with what they had, drugs designed for older children and adults, adjusted as best they could and administered to babies who were far too small for the doses involved. That gap in medicine, one that had existed for as long as malaria itself had been treated, was closed this week. The World Health Organisation(WHO) formally approved the first antimalarial drug ever developed specifically for newborns and very young infants. The…
Iran Says Washington Has Replied to Its Peace Plan, But Trump Calls It Unacceptable A fragile diplomatic back-and-forth is now centre stage in one of the world’s most dangerous conflicts. Iran confirmed on Sunday that the United States has officially replied to its 14-point peace proposal aimed at bringing a permanent end to the war, but Washington’s response appears far from warm, with President Donald Trump already calling the plan difficult to accept. Iranian Foreign Ministry spokesperson Esmaeil Baghaei delivered the announcement live on state television, telling the nation that America’s reply had arrived through Pakistan, which has been serving…
2027: I have no Rift with Umahi – Gov Nwifuru Gov. Francis Nwifuru of Ebonyi has declared that he has no rift with the Minister of Works, Sen. David Umahi, describing such as mere speculation. The News Agency of Nigeria reports that the governor engineered a consensus arrangement for aspirants into various political offices in the state. Speculations, however, became rife across the state that Umahi was not favoured in the process, as most of his favoured aspirants were dropped. Nwifuru, in a statement signed by his Chief Press Secretary (CPS), Monday Uzor, on Sunday, said he had no rift…
NNPP Dismisses Kwankwaso’s Claim of External Influence in Party Exit The New Nigeria Peoples Party (NNPP) on Sunday reacted to claims by its 2023 presidential candidate, Sen. Rabiu Kwankwaso, that his exit from the party was externally influenced. Kwankwaso, in a statement on Saturday, addressed what he described as “misleading narratives” in the public domain about his decision to leave the African Democratic Congress (ADC) and said that ongoing discussions about a possible realignment within the party over its crisis were premature. Kwankwaso drew parallels between the ADC’s current predicament and the circumstances that led to his exit from the…
Peter Obi Quits ADC, Blames Toxic Political Environment, Internal Crisis Former Anambra Governor, Mr Peter Obi has announced his exit from the African Democratic Congress (ADC), citing worsening internal crises, external interference and growing hostility within party structures. He made the disclosure in a statement issued on his behalf by his media aide, Valentine Obienyem, on Sunday in Abuja. Obi described Nigeria’s political environment as increasingly toxic, marked by intimidation, insecurity and persistent scrutiny against individuals committed to sincere public service. He lamented that institutions established to protect citizens now often work against them, while those pursuing genuine leadership face…
Rep Quits ADC Over Leadership Crisis Leke Abejide, member representing Yagba Federal Constituency, Kogi, has left the African Democratic Congress (ADC), citing what he described as the party’s hijack by coalition leaders. In a statement issued on Friday in Lokoja, Abejide said the party had been overtaken by vested interests. He accused David Mark, Rauf Aregbesola, and Ralph Nwosu of hijacking the platform. Abejide said he joined the party in 2019 and invested personal resources in strengthening its structures. He described his resignation as “painful but necessary” to safeguard his political future. According to him, the party had been infiltrated,…
The Federal Executive Council (FEC) on Thursday approved contracts for three major rail projects to boost infrastructure and economic growth.
Tinubu Nominates Tegbe as Power Minister President Bola Tinubu has nominated Mr Joseph Tegbe as Minister of Power, subject to confirmation by the Senate. The nomination has been transmitted to the Senate for screening and confirmation in accordance with the Constitution. This is contained in a statement issued by Presidential Spokesperson, Mr Bayo Onanuga, on Thursday in Abuja. The nomination follows the resignation of the former minister, Mr Adebayo Adelabu, who stepped down to pursue elective office. Tegbe, from Oyo State, is a fiscal and economic reform expert with over 35 years of experience across the public and private sectors.…
