Author: Vardiafrica

Nigeria has become the latest African country to declare an interest in hosting a Formula 1 race, with ex-Premier League player Marvin Sordell fronting the bid. F1 currently hosts a race on every habitable continent apart from Africa, with the last iteration taking place 32 years ago via the 1993 South African Grand Prix at the Kyalami Circuit outside Johannesburg. Yet now, South Africa (with Kyalami and Cape Town vying to host), Rwanda and Morocco have all announced their intention to launch a bid. Now, Nigeria have joined the list, with Opus Race Promotions eyeing a new circuit in the capital of Abuja, alongside a karting track, hotels and…

Tosin Adarabioyo, Chelsea defender, was hosted by Babajide Sanwo-Olu, governor of Lagos, on Tuesday. The 27-year-old centre-back was a member of the Chelsea team that recently won the restructured FIFA Club World Cup, which was hosted in the US. Adarabioyo was born in London, UK, to parents of Nigerian heritage. During his visit to Nigeria, the footballer will be organising a football tournament in Lagos named the Tosin Adarabioyo Youth Cup. The competition kicks off on July 23 with four teams participating. The participants are 36 Lion FC, Mavilon FC, Seamoriow Football Academy and a team representing the Lagos State…

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Tuesday inspected the ongoing training of 305 youths in specialised oil and gas industry skills at the Centre for Marine and Offshore Technology Development (CMOTD), Rivers State University (RSU). Sponsored by the NCDMB, the trainings cover seven technical areas, which include Automation, Instrumentation and Control, Mechanical/Process Piping and System Design/ Pressure Vessel and Heat Exchanges Design (PV-ELITE), Electrical Power Transformer Repairs and Maintenance, and Industrial/Practical Ship Design and Construction. Other specialist areas covered by the training include Oil Well Surveillance and Enhancement Analysis…

Judith also faulted Wike’s claim that she has been indicted in a corruption probe involving the NDDC. She added that the allegation levelled against her by Wike was a “subtle blackmail to score cheap political goals”. Nyesom Wike and Rotimi Amaechi shared a similar political history as former governors of oil-rich Rivers State in the Niger Delta area of the country. Amaechi was in office from May 2007 to May 2015 when he handed over to Wike who was equally in office for eight years. The relationship between both men have since fallen apart and they have been embroiled in…

Donald Trump on Tuesday accused his predecessor Barack Obama of treason and called for his prosecution over a report alleging that officials in the Democrat’s administration manipulated information on Russia’s interference in the 2016 election. Director of National Intelligence (DNI) Tulsi Gabbard has sent criminal referrals to the Justice Department related to a report published Friday that asserted the Obama officials had been part of a “treasonous conspiracy.” Gabbard claimed Obama and his team had manufactured intelligence regarding Russian election interference to “lay the groundwork for what was essentially a years-long coup against President Trump.” Her accusations were widely criticized…

Minister of the Federal Capital Territory, Nyesom Wike, has thrown his weight behind Edo State Governor, Senator Monday Okpebholo, over the governor’s insistence on adherence to security protocols for high-profile visitors, including former Anambra State Governor, Mr. Peter Obi. Speaking on Tuesday during the commissioning of the refurbished New Edo Line Transport Company in Benin City, Governor Okpebholo clarified recent remarks regarding Obi’s visit to the state, stating that they were made purely in the interest of public safety and standard security procedures—not politics. “My job is to protect lives, including those of all Edo people and visitors,” Okpebholo said.…

Former vice-president of Nigeria, Atiku Abubakar, has warned that any threat against his former presidential running mate, Peter Obi, is a threat against “all of us”. Atiku stated this in a terse tweet on Tuesday afternoon. He simply wrote: “Let it be known that a threat against Peter Obi or any of us is a threat against ALL of us! -AA” Atiku’s comments come days after the governor of Edo State, Senator Monday Okpebholo, warned Obi not to visit the state without security clearance. Okpebholo claimed that the last time Obi visited the state and made a donation of N15…

Osun State Governor, Ademola Adeleke, and the People’s Democratic Party (PDP) in the state have declared support for President Bola Tinubu’s re-election bid in 2027.  Adeleke made this known on Tuesday through a statement shared via his official X handle, following a strategic meeting with the PDP leadership caucus in Osogbo. “Yesterday, I met with the @OfficialPDPNig Leadership Caucus in Osogbo after weeks of consultations with stakeholders across Osun — from traditional rulers and civil servants to market leaders and grassroots party members. “I’m pleased to share the resolutions: I remain in the PDP, the party that gave me the platform…

The Central Bank of Nigeria (CBN) has maintained the current Monetary Policy Rate (MPR) of 27.5 per cent with all policy parameters.  The Governor of CBN, Olayemi Cardoso, disclosed this at the MPC briefing in Abuja on Tuesday. The apex bank’s MPC held its 301 meeting on July 21st and 22nd, 2025, to review recent economic and financial developments and outlook. Consequently, the Committee also retained the asymmetric corridor at +500/-100 basis points around the MPR, leaving the Cash Reserve Ratio at 50 per cent for Deposit Money Banks and a general Liquidity Ratio of 30 per cent. Cardoso explained…

NNPC recorded N905bn profit in June, a decline from May’s N1.054 trillion, and has remitted N6.96tn to the federation in 5 months The Nigerian National Petroleum Company Limited (NNPC) on Monday announced a Profit After Tax (PAT) of N905 billion for its June operations, a drop from the N1.054 trillion recorded in the previous month of May. However, the national oil company posted statutory payments of N6.961 trillion to the federation between January and May 2025, up from the N5.583 trillion it remitted from January to April this year. Besides, the NNPC, in its Monthly Report Summary for June released…