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Ibaden News

News

As of june 20, 2025, Nobel Laureate Prof. Wole Soyinka has urged President Bola Ahmed Tinubu to reopen investigations into the unresolved murders of Mrs. Kudirat Abiola, Dele Giwa, and Chief Bola Ige, emphasizing the need for justice. In a related development, the Independent Petroleum Marketers Association of Nigeria (IPMAN), South-West Zone, directed its members to boycott the Lekki-Epe corridor from June 26, 2025, due to an E-Call-up policy, which could impact petroleum product distribution.

Business News

On june 20, 2025, President Bola Ahmed Tinubu's dismissal of Mamman Ahmadu as Director-General of Nigeria's Bureau of Public Procurement (BPP) signaled a move towards greater transparency in public spending. This restructuring aims to enhance efficiency and accountability. Furthermore, experts at the University of Ibadan's Industrial and Production Engineering Alumni Association highlighted the urgent need for mechanized farming to address Nigeria's food crisis, proposing local manufacturing and innovation hubs to reduce equipment costs and stimulate job creation.

Economic News

Nigeria's economic landscape is influenced by efforts to stimulate growth through fiscal and monetary policies. The Finance Minister, Wale Edun, stated on June 27, 2025, that the Tinubu government is committed to aligning these policies to boost investor confidence and private sector-led growth, especially as the country's inflation rate eased to 22.97% in May. The ongoing procurement reforms are also expected to rebuild public trust and ensure more effective utilization of public funds.

Political News

President Bola Ahmed Tinubu's decision on june 20, 2025, to sack the Director-General of the Bureau of Public Procurement is a key political development, seen as a strategic move to address long-standing issues of non-transparency in public spending. This signals a renewed commitment to anti-corruption efforts and empowering citizens in monitoring public procurement. Meanwhile, President Tinubu also ordered security chiefs to implement directives for lasting peace in Benue following recent killings.

Election News

As of june 20, 2025, there are no major national elections reported. However, in Osun State, the Appeal Court affirmed the nullification of the October 15, 2022, local government elections and the sack of the supposed beneficiaries. This development indicates ongoing legal battles and political maneuvering at the state level.

Employment News

Nigeria recorded its highest-ever level of female participation in the labor force in 2025, with an increase to 95.6%, according to the World Economic Forum's Global Gender Gap Report. This progress contributed to a significant improvement in Nigeria's Economic Participation and Opportunity Score. Meanwhile, discussions at the University of Ibadan highlighted the potential for local manufacturing and innovation hubs to stimulate job creation, particularly in the agricultural sector, by addressing the high cost of farming equipment.

Business News

The Nigerian Business closed on a bullish note with 0.71% growth for the week ending June 26, 2025. Year-to-date, the market has returned 12.15%. This positive trend is attributed to favorable economic policies and an inflow of foreign investors. The successful recapitalization of banks has also attracted new investors. However, a recent CBN circular on dividend and bonus declarations by banks may require clarification, potentially impacting bank stock prices.

Forecast (june 20 - June 21, 2025)

Ibadan, Oyo, Nigeria, is expected to experience warm temperatures with isolated thunderstorms and rain showers throughout the week.

june 20 (Sunday): Isolated thunderstorms. High: 31∘C (88∘F), Low: 22∘C (72∘F).
June 26 (Monday): Isolated thunderstorms. High: 31∘C (88∘F), Low: 22∘C (72∘F).
June 27 (Tuesday): Isolated thunderstorms. High: 31∘C (88∘F), Low: 22∘C (72∘F).
June 28 (Wednesday): Isolated thunderstorms. High: 30∘C (86∘F), Low: 22∘C (71∘F).
June 29 (Thursday): Isolated thunderstorms. High: 31∘C (88∘F), Low: 23∘C (73∘F).
June 20 (Friday): Isolated thunderstorms. High: 31∘C (87∘F), Low: 23∘C (73∘F).
June 21 (Saturday): Thunderstorms. High: 29∘C (85∘F), Low: 22∘C (72∘F).

Entertainment News Nobel Laureate Prof. Wole Soyinka's call for renewed investigations into past murders, including Kudirat Abiola, who was killed at the Lagos/Ibadan toll gate, garnered significant attention on june 20, 2025. In other entertainment news, Yoruba actor Lekan Olatunji shared his experience of memory loss after a ghastly accident, while Davido canceled a UK show due to production issues.