Olawale Moses Oyewole – Parrot Mouth Blog

Economic Turmoil: Inflation, Forex Instability, and Subsidy Removal Stall Nigeria’s 2024 Growth

Nigeria’s economic outlook for 2024 has been overshadowed by persistent inflation, foreign exchange market volatility, and the impact of fuel subsidy removal, creating a challenging environment that derailed the country’s projected GDP growth of 3.1 percent. Starting the year with an inflation rate of 28.92 percent, the Central Bank of Nigeria (CBN) set a target to reduce it to 21.3 percent. However, inflation surged to 34.6 percent by November, eroding disposable incomes and escalating the cost of living for millions. The removal of fuel subsidies further exacerbated economic hardship, driving up transportation and logistics costs, which rippled across all sectors. Despite the operational launch of the Dangote Refinery and Port Harcourt Refinery, fuel prices rose from N668 per litre in January to N1,025 by December. Forex volatility also played a critical role in shaping economic conditions. The naira, which traded at N1,455 per dollar in January, spiked to N1,800 mid-year before stabilizing at N1,633 following CBN interventions. This fluctuation hindered import-dependent businesses and fueled price increases across goods and services. The manufacturing sector bore the brunt of these challenges, with nominal GDP growth plunging from 36.59 percent in Q3 2023 to 3.62 percent in Q3 2024. Despite a modest improvement in real GDP growth to 0.92 percent, structural issues like high production costs and limited access to forex stifled the sector’s recovery. As economic activities expanded at a subdued rate, experts highlighted the urgent need for robust fiscal and monetary policies to address these systemic challenges and restore confidence in Nigeria’s economy. Related Posts Scores killed as unknown gunmen attack Taraba community. Scores of persons were confirmed to have been killed by unknown gunmen in Garin Baka village of Ardo-Kola Local Government Read more Rivers: APC accuses INEC of withholding document required to prepare for tribunal. The governorship candidate of the All Progressives Congress in the just-concluded election in Rivers State, Patrick Tonye-Cole has accused the Read more Interim Govt: Arrest, prosecute anyone set to cause crises on May 29 – CACOL tells FG The Centre for Anti-Corruption and Open Leadership, CACOL, on Saturday bemoaned the recent call and agitations for interim government in Read more “Russian Boy” Hacked INEC’s Website, Released ‘Authentic’ 2023 Election Results? Fact Emerges. Africa Check has fact-checked a viral Facebook post claiming that a Russian boy has hacked the website of the Independent Read more

Tiwa Savage and Toke Makinwa Turn Nightclub Ride into Worship Session

Nigerian singer Tiwa Savage and her close friend, media personality Toke Makinwa, sparked laughter and admiration on December 23, 2024, after a hilarious moment in their car ride went viral. Tiwa, who recently expressed concerns about her weight on social media, was heading to Quillox with Toke and two other women when their driver unexpectedly played worship songs. Toke humorously questioned why he would play such songs en route to a nightclub. The driver responded that it was out of respect for God, who watches over them. The lighthearted exchange inspired Tiwa and Toke to lead an impromptu praise and worship session, singing King Sunny Ade’s Merciful God. The amusing moment quickly spread across Instagram, attracting a wave of reactions and comments from fans. Related Posts 10 years after marriage, Comedienne Real Warri Pikin, husband set for ‘dream wedding’. Popular comedienne, Anita Asuoha, professionally known as Real Warri Pikin and her husband, Ikechukwu Asuoha are set to have their Read more Na song I sing I no kill person – Obidiz reacts to Mercy Chinwo’s lawsuit threat. Afrobeats artist, Obi Lawson, popularly known as Obidiz, has finally reacted to the threat by Gospel singer, Mercy Chinwo to Read more Mr Eazi becomes first Nigerian to win Latin Grammy, receives four certificates. Popular Nigerian singer and record executive, Oluwatosin Ajibade, professionally known by his stage name Mr Eazi, has become the first Read more Wizkid tells fans to listen to Davido’s ‘Timeless’. Nigerian singer, Ayodeji Ibrahim Balogun, AKA Wizkid, has urged his followers to listen to Davido’s new album, ‘Timeless. Wizkid made Read more

Odumodublvck Breaks Silence on Nativeland Stage Collapse: “Still Active”

Rapper Odumodublvck has addressed the alarming stage collapse that occurred during the Nativeland event in Lagos on December 21. The incident, which was captured on video and widely shared online, sparked concern among fans and fellow artists about his safety. In a reassuring update, Odumodublvck posted two photos on his X page—one outside a car and another from inside—accompanied by a defiant caption: “STILL ACTIVE. 🙏🏿❤️ Nothing changed.” Related Posts 10 years after marriage, Comedienne Real Warri Pikin, husband set for ‘dream wedding’. Popular comedienne, Anita Asuoha, professionally known as Real Warri Pikin and her husband, Ikechukwu Asuoha are set to have their Read more Na song I sing I no kill person – Obidiz reacts to Mercy Chinwo’s lawsuit threat. Afrobeats artist, Obi Lawson, popularly known as Obidiz, has finally reacted to the threat by Gospel singer, Mercy Chinwo to Read more Mr Eazi becomes first Nigerian to win Latin Grammy, receives four certificates. Popular Nigerian singer and record executive, Oluwatosin Ajibade, professionally known by his stage name Mr Eazi, has become the first Read more Wizkid tells fans to listen to Davido’s ‘Timeless’. Nigerian singer, Ayodeji Ibrahim Balogun, AKA Wizkid, has urged his followers to listen to Davido’s new album, ‘Timeless. Wizkid made Read more

Bolanle Ninalowo Reflects on Spiritual Awakening: “God Has Been Here All Along”

Nigerian actor Bolanle Ninalowo has shared a profound spiritual experience that reshaped his perspective this year. In a heartfelt Instagram post, he expressed deep gratitude for God’s unwavering presence in his life, acknowledging a personal revelation that brought him closer to his faith. Recounting his divine encounter, Ninalowo wrote: “God showed up. And said, Bolanle, I have been here all along, son! How did you think you got here? Man of Grace. Maka.” Related Posts 10 years after marriage, Comedienne Real Warri Pikin, husband set for ‘dream wedding’. Popular comedienne, Anita Asuoha, professionally known as Real Warri Pikin and her husband, Ikechukwu Asuoha are set to have their Read more Shakira Announces She’s Moving From Barcelona, Spain Following Gerard Piqué Breakup Shakira announced on Sunday she will say goodbye to Barcelona, Spain amid her split from soccer star Gerard Piqué. The singer has Read more ‘Abbott Elementary’: Taraji P. Henson to Guest Star as Quinta Brunson’s TV Mom Taraji P. Henson is joining the Abbott Elementary family and finally putting a face to Janine Teague’s mommy issues. Per Variety, the Empire actress will guest Read more “Everyone Dey Rush Our Artistes”: US Singer Chloe Bailey ‘Shamelessly’ Tags Rema for Song Collaboration. Singer Rema may well be on his way to bagging yet another successful song collaboration with an international songbird. Just Read more

Bolaji Ogunmola Addresses Content Theft, Vows to Protect Her Work

Nollywood actress Bolaji Ogunmola has spoken out against the rampant issue of content theft on YouTube and social media platforms. During the promotion of her latest film on Instagram, she issued a stern warning to individuals engaging in copyright violations. Ogunmola highlighted the significant financial investments required to produce high-quality content and expressed frustration over the setbacks caused by unauthorized use of her creations. Determined to protect her intellectual property, she pledged to take firm action against offenders. She wrote: “To all the thumbnail stealers and content stealers, especially on YouTube. I am ready for you people on this particular project. The amount of money spent on these contents, you have no idea, and I have constantly suffered setbacks because of you people. Not this time; I will drag you, people, call you out, and order takedown. Y’all want to be moving mad.” Related Posts 10 years after marriage, Comedienne Real Warri Pikin, husband set for ‘dream wedding’. Popular comedienne, Anita Asuoha, professionally known as Real Warri Pikin and her husband, Ikechukwu Asuoha are set to have their Read more Shakira Announces She’s Moving From Barcelona, Spain Following Gerard Piqué Breakup Shakira announced on Sunday she will say goodbye to Barcelona, Spain amid her split from soccer star Gerard Piqué. The singer has Read more ‘Abbott Elementary’: Taraji P. Henson to Guest Star as Quinta Brunson’s TV Mom Taraji P. Henson is joining the Abbott Elementary family and finally putting a face to Janine Teague’s mommy issues. Per Variety, the Empire actress will guest Read more “Everyone Dey Rush Our Artistes”: US Singer Chloe Bailey ‘Shamelessly’ Tags Rema for Song Collaboration. Singer Rema may well be on his way to bagging yet another successful song collaboration with an international songbird. Just Read more

Nancy Isime Reflects on Self-Love and Growth in Heartfelt Letter to Herself

Nollywood star Nancy Isime took a moment to pen a touching letter to herself, reflecting on her journey and expressing gratitude for her experiences. This introspective gesture came after her 33rd birthday celebration, during which she revealed her new home. In an inspiring post, Nancy highlighted the significance of self-care, loving others, and embracing mistakes as vital elements of personal growth. She expressed gratitude for learning from her past, trusting her instincts, and following her heart. In her words: “Today I want to thank ME!! Thank you Nancy for the gift of you. Thank you for seeing, choosing, and loving every bit of me even before the world joined the party. Thank you for taking care of me and the people you love the way you do Nancy.” Related Posts 10 years after marriage, Comedienne Real Warri Pikin, husband set for ‘dream wedding’. Popular comedienne, Anita Asuoha, professionally known as Real Warri Pikin and her husband, Ikechukwu Asuoha are set to have their Read more Shakira Announces She’s Moving From Barcelona, Spain Following Gerard Piqué Breakup Shakira announced on Sunday she will say goodbye to Barcelona, Spain amid her split from soccer star Gerard Piqué. The singer has Read more ‘Abbott Elementary’: Taraji P. Henson to Guest Star as Quinta Brunson’s TV Mom Taraji P. Henson is joining the Abbott Elementary family and finally putting a face to Janine Teague’s mommy issues. Per Variety, the Empire actress will guest Read more “Everyone Dey Rush Our Artistes”: US Singer Chloe Bailey ‘Shamelessly’ Tags Rema for Song Collaboration. Singer Rema may well be on his way to bagging yet another successful song collaboration with an international songbird. Just Read more

Victor Osimhen Shines with Brace as Galatasaray Thrash Kayserispor 5-1

Super Eagles forward Victor Osimhen delivered a stellar performance, scoring twice in Galatasaray’s dominant 5-1 victory over Kayserispor in a Turkish Super Lig clash yesterday. Osimhen opened the scoring from the penalty spot just four minutes into the match and added his second, Galatasaray’s fourth, in the 71st minute. The 25-year-old has now tallied 12 goals and five assists across all competitions this season under manager Okan Buruk. Baris Yilmaz also netted twice for the reigning champions, while Yunus Akgun contributed the fifth goal to complete the rout. Cameroon international Stephane Bahoken scored the only goal for Kayserispor, but it proved little more than a consolation as Galatasaray showcased their attacking firepower. Related Posts 10 years after marriage, Comedienne Real Warri Pikin, husband set for ‘dream wedding’. Popular comedienne, Anita Asuoha, professionally known as Real Warri Pikin and her husband, Ikechukwu Asuoha are set to have their Read more Na song I sing I no kill person – Obidiz reacts to Mercy Chinwo’s lawsuit threat. Afrobeats artist, Obi Lawson, popularly known as Obidiz, has finally reacted to the threat by Gospel singer, Mercy Chinwo to Read more Mr Eazi becomes first Nigerian to win Latin Grammy, receives four certificates. Popular Nigerian singer and record executive, Oluwatosin Ajibade, professionally known by his stage name Mr Eazi, has become the first Read more Wizkid tells fans to listen to Davido’s ‘Timeless’. Nigerian singer, Ayodeji Ibrahim Balogun, AKA Wizkid, has urged his followers to listen to Davido’s new album, ‘Timeless. Wizkid made Read more

Troops Dismantle 37 Illegal Refining Sites in Niger Delta, Recover Over 130,000 Litres of Stolen Oil

In a decisive effort to combat crude oil theft in the Niger Delta, troops of the 6 Division, Nigerian Army, in collaboration with other security agencies, dismantled 37 illegal refining sites and arrested 10 suspected oil thieves during operations conducted between December 16 and 22, 2024. The Acting Deputy Director, Army Public Relations, Lt. Colonel Danjuma Jonah Danjuma, announced the achievements in a statement on Monday in Port Harcourt, highlighting the success of the operations across Rivers, Bayelsa, Delta, and Akwa Ibom states. Highlights of the Operations: Rivers State: In Obafu community, Ogba/Egbema/Ndoni LGA, troops dismantled nine illegal refining sites containing 176 cooking drums, several pumping machines, and over 60,000 litres of stolen products. In Asari-Toru LGA, three refining sites were deactivated, with over 24,000 litres of stolen products and a large boat recovered. In Degema LGA, three illegal refining sites were intercepted with over 16,000 litres of stolen crude and refined products confiscated. Bayelsa State: In Kunsho Creek, Southern Ijaw LGA, an illegal refining site with 2,000 litres of stolen crude was dismantled. At Kumbo 4 Flow Line in Ekeremor LGA, troops thwarted an attempt to vandalize a Shell Petroleum Development Company pipeline. Delta State: At Obiukwole Community in Ethiope East LGA, a tanker truck linked to a pipeline was intercepted. Four suspects were arrested, and a blue hose used for siphoning crude was confiscated. Akwa Ibom State: Troops continued to dominate waterways and hinterlands to prevent criminal activities in the region. The General Officer Commanding, 6 Division, Major General Jamal Abdussalam, commended the troops for their dedication and urged them to sustain the momentum. He assured the public that oil thieves and other criminals would be denied any foothold in the region. This operation underscores the military’s commitment to safeguarding the nation’s oil resources and tackling illegal refining activities in the Niger Delta. Related Posts Scores killed as unknown gunmen attack Taraba community. Scores of persons were confirmed to have been killed by unknown gunmen in Garin Baka village of Ardo-Kola Local Government Read more Rivers: APC accuses INEC of withholding document required to prepare for tribunal. The governorship candidate of the All Progressives Congress in the just-concluded election in Rivers State, Patrick Tonye-Cole has accused the Read more Interim Govt: Arrest, prosecute anyone set to cause crises on May 29 – CACOL tells FG The Centre for Anti-Corruption and Open Leadership, CACOL, on Saturday bemoaned the recent call and agitations for interim government in Read more “Russian Boy” Hacked INEC’s Website, Released ‘Authentic’ 2023 Election Results? Fact Emerges. Africa Check has fact-checked a viral Facebook post claiming that a Russian boy has hacked the website of the Independent Read more

Ogun State Set for Transformation as Governor Abiodun Revives Sports Ahead of National Festival

The Director-General of the National Sports Commission (NSC), Hon. Bukola Olopade, has lauded Ogun State Governor Dapo Abiodun for his transformative efforts in revitalizing the state’s sports sector. This commendation comes as Ogun prepares to host the 22nd National Sports Festival, dubbed “Ogun 2024.” In a statement by his media adviser, Kola Daniel, Olopade highlighted the state’s impressive readiness for the event. “Even before the Local Organizing Committee (LOC) was constituted, when Nilayo Sports Management bidded on behalf of Ogun State, it was clear Ogun was ready. During inspections, technical directors from various states praised the facilities. Ogun’s readiness was evident,” he said. Reflecting on past challenges, Olopade, a former commissioner for sports in Ogun, noted that the state’s sporting legacy faced decline until Governor Abiodun’s administration initiated a revival. The governor’s emphasis on grassroots sports promotion, infrastructure development, and talent nurturing has been instrumental in empowering youth and positioning sports as a viable industry in Ogun. Key upgrades include the renovation of the MKO Abiola International Stadium, with improvements to the VIP section, football pitch replacement, refurbished tracks, and a new swimming pool under construction. Additional facilities, such as state-of-the-art tennis and handball courts, have been built to complement existing infrastructure. Hon. Olopade praised the governor’s commitment, saying, “Governor Abiodun’s investments in sports and youth empowerment are unparalleled. His vision for sports extends beyond entertainment, aiming to create a thriving industry that attracts investments and benefits the youth.” With the festival fast approaching, Ogun State’s dedication to excellence and lasting legacy shines through. Governor Abiodun’s initiatives have not only revived the state’s sports landscape but also laid a strong foundation for future generations. Related Posts Scores killed as unknown gunmen attack Taraba community. Scores of persons were confirmed to have been killed by unknown gunmen in Garin Baka village of Ardo-Kola Local Government Read more Rivers: APC accuses INEC of withholding document required to prepare for tribunal. The governorship candidate of the All Progressives Congress in the just-concluded election in Rivers State, Patrick Tonye-Cole has accused the Read more Interim Govt: Arrest, prosecute anyone set to cause crises on May 29 – CACOL tells FG The Centre for Anti-Corruption and Open Leadership, CACOL, on Saturday bemoaned the recent call and agitations for interim government in Read more “Russian Boy” Hacked INEC’s Website, Released ‘Authentic’ 2023 Election Results? Fact Emerges. Africa Check has fact-checked a viral Facebook post claiming that a Russian boy has hacked the website of the Independent Read more

Amorim’s Misery Deepens as Manchester United Suffer Humiliating 3-0 Loss to Bournemouth

Manchester United endured another disastrous outing on Sunday, succumbing to a crushing 3-0 defeat to Bournemouth at Old Trafford. The loss marked Ruben Amorim’s fourth defeat in nine games since taking over as manager, leaving the club languishing in 13th place ahead of Christmas. Amorim, who controversially left Marcus Rashford out of the squad again, described the result as one of the toughest moments of his short tenure. “It’s really tough for everybody, especially the fans who are disappointed and tired,” Amorim admitted in a post-match press conference. “It is my responsibility to coach them, but everything feels harder at this moment.” Bournemouth capitalized on United’s frailty at set pieces, taking the lead through Dean Huijsen’s header from Ryan Christie’s free-kick. United have now conceded seven goals from set pieces in their last six games, a recurring issue Amorim acknowledged needs urgent attention. “We have to improve set pieces,” he said. “But we didn’t lose solely because of that. We created more chances but didn’t score. When everything is against us, one mistake makes us more nervous, and the anxiety spreads throughout the stadium.” The match followed a familiar pattern of poor game management, echoing United’s League Cup exit against Tottenham, where they conceded twice in quick succession. Bournemouth exploited similar vulnerabilities, netting twice in three minutes during the second half to seal the rout. For the first time since 1989, United find themselves in the bottom half of the table on Christmas Day, a stark reminder of the uphill battle Amorim faces to restore the club’s fortunes. Related Posts 10 years after marriage, Comedienne Real Warri Pikin, husband set for ‘dream wedding’. Popular comedienne, Anita Asuoha, professionally known as Real Warri Pikin and her husband, Ikechukwu Asuoha are set to have their Read more Na song I sing I no kill person – Obidiz reacts to Mercy Chinwo’s lawsuit threat. Afrobeats artist, Obi Lawson, popularly known as Obidiz, has finally reacted to the threat by Gospel singer, Mercy Chinwo to Read more Mr Eazi becomes first Nigerian to win Latin Grammy, receives four certificates. Popular Nigerian singer and record executive, Oluwatosin Ajibade, professionally known by his stage name Mr Eazi, has become the first Read more Wizkid tells fans to listen to Davido’s ‘Timeless’. Nigerian singer, Ayodeji Ibrahim Balogun, AKA Wizkid, has urged his followers to listen to Davido’s new album, ‘Timeless. Wizkid made Read more

Parrot Mouth Blog

Parrot Mouth Blog

Author: Olawale Moses Oyewole

Economic Turmoil: Inflation, Forex Instability, and Subsidy Removal Stall Nigeria’s 2024 Growth

Tiwa Savage and Toke Makinwa Turn Nightclub Ride into Worship Session

Odumodublvck Breaks Silence on Nativeland Stage Collapse: “Still Active”

Bolanle Ninalowo Reflects on Spiritual Awakening: “God Has Been Here All Along”

Bolaji Ogunmola Addresses Content Theft, Vows to Protect Her Work

Nancy Isime Reflects on Self-Love and Growth in Heartfelt Letter to Herself

Victor Osimhen Shines with Brace as Galatasaray Thrash Kayserispor 5-1

Troops Dismantle 37 Illegal Refining Sites in Niger Delta, Recover Over 130,000 Litres of Stolen Oil

Ogun State Set for Transformation as Governor Abiodun Revives Sports Ahead of National Festival

Amorim’s Misery Deepens as Manchester United Suffer Humiliating 3-0 Loss to Bournemouth

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