News
Olubadan Unveils Economic Plan For Ibadanland

The newly crowned 44th Olubadan of Ibadanland, Oba Rashidi Ladoja,
The newly crowned 44th Olubadan of Ibadanland, Oba Rashidi Ladoja, has assured both local and foreign investors of an enabling business environment as he reeled out his socio-economic plan.
Ladoja, who made his first appearance at a Thanksgiving service in his honour at the Ascension of Christ Catholic Church, Bodija, Ibadan, stressed the need for the resuscitation of moribund businesses as well as the employment of the teeming youths in Ibadanland.
He said this had become imperative in order to grow the economy of not only Ibadan but Oyo State as a whole.
He stated that the throne of Olubadan was not about status or bead-wearing but about facilitating the socio-economic growth of Ibadanland.
The monarch added that this could only be achieved with the support of all stakeholders.
READ ALSO:BREAKING: Ladoja Crowned 44th Olubadan, Set To Receive Staff Of Office
According to him, “The major assignment before me as Olubadan of Ibadanland is the growth of Ibadanland.
“The status of Olubadan is not about the wearing of status but ensuring the all-round growth of the town.
“To achieve this feat, I will collaborate with the government at all levels to ensure that Ibadan and Oyo State at large maintain their pace-setter status.
“We are all governing Ibadan. I am just the coordinator. You people are the small Olubadans; I am the big Olubadan.
“Ibadan will be greater by God’s grace and with your support. I am now the king of all religious groups in Ibadan.
READ ALSO:BREAKING: Akoko Leaves Placed On Ladoja Ahead Of Crowning As 44th Olubadan
“We have never had a record of religious crisis in Ibadan because members of the various religious groups are represented in each family in Ibadanland.
“Ibadan is a fertile land for investment and economic growth. It shall continue to be well with Ibadan.”
In his congratulatory message, the Archbishop of the Catholic Archdiocese of Ibadan, Most Rev Dr Gabriel Abegunrin, described Ladoja’s installation as the new Olubadan as the unfailing providence of God, who had preserved the life of the monarch with strength and wisdom.
According to him, Ladoja’s longevity is a crown of grace, and his enthronement is a divine mandate which entrusted him with peace, unity and the progress of the Ibadan people.
The cleric hailed Ladoja for commencing his reign with an act of thanksgiving in the house of God, saying the gesture of the new monarch reflected not only his humility before God but also his deep recognition of the sacred duty of fostering harmony among all faiths.
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“Oba Ladoja has set forth a shining example of interfaith goodwill and mutual respect which will long endure as a legacy of his reign.”
Abegunrin said the church and Christian community in Ibadanland commended Ladoja as a father, leader and custodian of Ibadan heritage, pledging the church’s continued prayers and support as it looked forward to collaborating with the monarch in promoting justice, peace and the common good for all residents of Ibadan.
He, however, prayed that God would bless Oba Ladoja with continued good health, wisdom from above and divine guidance to rule with justice, compassion and courage.
The event was attended by the Olubadan-in-Council, the family of the monarch, Iyalodes and well-wishers.
(TRIBUNE)
News
Coup: ECOWAS Suspends Guinea-Bissau

The Economic Community of West African States, ECOWAS, has suspended Guinea-Bissau from all its decision-making bodies following the military takeover in the country.
The suspension was announced after an emergency virtual meeting of the ECOWAS Mediation and Security Council, MSC, late Thursday.
The session was chaired by Sierra Leone’s President Julius Maada Bio, who also leads the Authority of ECOWAS Heads of State and Government.
In its communiqué, the MSC said the decision was taken in line with the ECOWAS Protocol on Democracy and Good Governance (2001), stressing that Guinea-Bissau would remain suspended until full and effective constitutional order is restored.
READ ALSO:Court Dismisses SPDC’s Objections To Compensation Over Hydrocarbon Pollution In A’Ibom
The coup unfolded on Wednesday, barely three days after the country’s contentious presidential and legislative elections.
The mutinous officers halted the electoral process, shut the nation’s borders and stopped the release of official results.
ECOWAS strongly condemned the takeover, describing the detention of several individuals, including incumbent President Umaro Sissoco Embaló, widely projected to win the election, as unacceptable.
“The MSC condemns in the strongest terms the coup d’état perpetrated on 26 November 2025 and calls for the immediate restoration of constitutional order,” the statement read.
READ ALSO:Guinea-Bissau Coup: FG Gives Update On Ex-President Jonathan
It also rejected any arrangement that would legitimise the disruption of the democratic process or undermine the will of the people of Guinea-Bissau.
The regional bloc demanded the prompt release of all detained political actors, including President Embaló, electoral officials, and other arrested figures.
ECOWAS also insisted that the electoral commission be allowed to announce the results of Sunday’s vote without interference.
Despite regional pressure, the coup leaders have named the army’s chief of staff, General Horta N’Tam, as transitional head of state for a one-year period.
News
Court Dismisses SPDC’s Objections To Compensation Over Hydrocarbon Pollution In A’Ibom

The Federal High Court sitting in Uyo, Akwa Ibom State has dismissed the preliminary objections by the Shell Petroleum Development company in suit filed by the A’Ibom Oil Producing Development Network (AKPICON), demanding payment of compensation and remediation of battered environment over decades of hydrocarbon pollution occasioned by oil and gas emissions from corked and uncorked oil and wells in various parts of the state.
AKIPCON serves as a mechanism for the realization of environmental justice and protection of human rights of the people over a period of time.
The organization had, through its lead counsel, Dr Dada Awosika, SAN, of Awosika partners in conjunction with Barr Ndifreke Akpan, written to the Managing Director of SPDC demanding payment of N140bn compensation to alleviate the sufferings of the impoverished farmers, fishermen and allied business owners
The letter reads in part, ”Your company owns corked and uncorked oil and gas wells which spread over Akwa Ibom State particularly in Mkpat-Enin, Ini, Ikot Abasi, Onna, Uruan, Esit-Eket, Iket, Uyo, Eastern Obolo, Nsit-Antai, Etinan, Mbo, Okobo, Essien Udim, Ikot-Ekpene Local Government Areas and others.
READ ALSO:Court Dismisses Ex-Binance Chief’s Claims Of Unlawful Detention Against EFCC
”Over the years there has been increased leakages and emissions of crude from your company’s corked and uncorked oil and gas wells and facilities which continually discharge toxic hydrocarbon into farm lands and water bodies in the environment where our clients operate.
”The said leakages/emissions arise from your company’s negligence in the maintenance of your corked and uncorked oil wells. Most often your expired, aged and rusted pipes installed in the early 1950s erupt, discharging crude oil which washes itself into water bodies and farmlands of our clients, resulting in colossal damage to their farmlands and water bodies.
”The activities of your company in this regard has brought untold hardship, economic losses, unemployment, redundancy, insecurity, frustration, abject poverty, phycological trauma and health hazards with attendant human rights consequences to our clients.
READ ALSO:UK Court Clears Comedy Writer Of Harassing Transgender Woman
”Flowing from the foregoing, it’s our instruction to demand that your company pays N140bn, only to our clients being compensation for the age-long degradation of their environment and damage caused to their property and means of livelihood arising from your company’s activities. In addition, we demand that you take immediate steps to clean up and remediate our battered environment caused by your operation for decades to return the environment to its pristine state”
But the SPDC, in No: FHC. UY/CS/85/2024 argues that AKPICON does not have the legal rights to institute the case. It also contended that the case is status bar by Akwa Ibom limitation laws on oil spills as the said spills occured over 70 years ago.
However, ruling on the matter on Thursday, the presiding judge, Justice MA Onyetanu, dismissed the SPDC’s preliminary objections for lack of merit and adjourned the case to February 5th for commencement of trail.
News
Naira Records First Depreciation Against US Dollar Across Official, Black FX Markets

The naira dropped for the first time on Thursday across official and parallel foreign exchange markets.
The Central Bank of Nigeria’s data showed that the Naira depreciated slightly to N1,443.90 against the dollar on Thursday, down from N1,442.92.
This means that the Naira weakened marginally by N0.98 against the dollar on a day-to-day basis.
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Similarly, the Naira depreciated at the black market by N5 to N1,470 per dollar on Thursday from N1,465 since Monday.
The development comes after the naira recorded three straight appreciations against the dollar, gaining N10.92 against the dollar.
Meanwhile, the apex bank data showed that the country’s foreign reserves surged to $44.56 billion as of 26th November 2025, up from $44.26 billion on 21st November.
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