Olubadan of Ibadan, Oba Olakulehin, Dies at 90
Oba Owolabi Olakulehin, the Olubadan of Ibadanland, has passed away at the age of 90. He died in the early hours of Monday, July 7, 2025, just two days after his 90th birthday and exactly one year after ascending the throne. Born on July 5, 1935, Oba Olakulehin was officially installed as the 43rd Olubadan […]
Sharon Osbourne Cut Band from Ozzy’s Final Show
Sharon Osbourne revealed that she removed a well-known band from the lineup of Ozzy Osbourne’s final concert with Black Sabbath, held on July 5 at Villa Park in Birmingham, England. Speaking to Billboard, Sharon explained the decision came after the band insisted on profiting from the event, which she felt was inappropriate. “It’s not the […]
Ike Ibeabuchi Plans Boxing Comeback at 52
Nigerian boxing legend Ike Ibeabuchi has confirmed he is planning a return to professional boxing at the age of 52, more than 25 years after his last fight, according to reports. The former heavyweight contender, Ibeawuchi who compiled an impressive 20-0 record with 15 knockouts between 1994 and 1999, told our correspondent that age would […]
Lagos Suspends BRT Lane Enforcement on Eko Bridge, Odo Iya-Alaro
The Lagos State Government has suspended the Bus Rapid Transit (BRT) lane enforcement along the Eko Bridge and Odo Iya-Alaro corridors to mitigate traffic congestion faced by commuters due to the rehabilitation of the Ifako Bridge expansion joint. The Special Adviser to the Governor on Transportation, Sola Giwa, approved the move, according to the Lagos […]
Nigeria’s First Lady Donates ₦1bn To Victims Of Plateau Clashes
Nigeria’s First Lady, Oluremi Tinubu, has donated ₦1bn to victims of clashes in Plateau State. Mrs. Tinubu announced the donation, which also included food items and clothing, on behalf of the Renewed Hope Initiative (RHI) when she and the RHI team visited the state in solidarity and to lend a helping hand. According to her, […]
Ugandan Military Helicopter Crashes in Somalia, 5 Dead
A Ugandan military helicopter crashed and caught fire at the main international airport in Somalia’s capital, Mogadishu, killing five people on board. The pilot, co-pilot and flight engineer survived with “serious injuries and severe burns”, according to Ugandan military spokesman Maj Gen Felix Kulaigye, adding that an investigation into the cause of the crash was […]
IMF Urges Nigeria to Adjust 2025 Budget, Expand Cash Transfers
The International Monetary Fund (IMF) has said Nigeria needs to adapt its 2025 budget to lower oil prices and scale up cash transfers to shield the most vulnerable parts of its population that face hunger and poverty. Releasing the results of its routine “Article IV” assessment of Nigeria’s economic policies, the IMF said economic growth […]
FG Unveils ₦50m Grant for Student Innovations
The Federal Government has announced a N50 million student grant venture capital initiative to support efforts in making some outstanding student-led innovations and enterprises in Nigeria’s tertiary institutions market-ready. This is even as the Federal Government has inaugurated a high-powered ministerial committee to drive the commercialisation of research outputs from Nigeria’s tertiary institutions. Minister of […]
NNPC Reports ₦6 Trillion in Oil Revenue, Ends 3-Year Silence
The Nigerian National Petroleum Company (NNPC) reported a massive ₦6 trillion in oil revenue for May 2025, driven by a slight uptick in crude and condensate production. In a surprise move, NNPC also resumed its monthly financial reporting after nearly three years, marking a dramatic return to transparency. READ ANOTHER STORY – https://classic97.net/nigerias-31-5b-gap-threatens-2030-goals-as-growth-slows/
Nigeria’s $31.5B Gap Threatens 2030 Goals as Growth Slows
Classic fm 97.3 Nigeria’s ambitious 2030 development agenda is facing a significant obstacle: a staggering $31.5 billion annual financing shortfall. The African Development Bank (AfDB) has raised the alarm, urging the country to adopt robust financial strategies beyond traditional oil revenues to meet its economic targets. The development bank emphasized that Nigeria must “move beyond […]
