Wednesday, March 19, 2025
Ahead of the release of the National Bureau of Statistics report on the country’s inflation for June 2024, some economic watchers have projected that inflation would maintain its upward movement but at a slower pace as seen in recent months. Inflation had reached a 28-year high in May at 33.95 […]
Dangote Petroleum Refinery is set to import a cargo of Brazilian crude, Bloomberg is reporting. On Friday, the publication said this adds to the large number of overseas barrels of crude feedstock that Nigeria is importing. According to traders with knowledge of the matter, Dangote refinery, which is still ramping up […]
A panic button about the funds for the running of local governments appeared to have been pressed in no fewer than 437 local governments areas spread across 19 states of the federation, following the imminent suspension of their federal allocations as a result of last Thursday’s ruling of the Supreme Court. […]
The President, African Development Bank Group, Dr Akinwumi Adesina, has warned that the decision by the Federal Government to allow massive food importation may destroy the country’s agriculture sector. Adesina, who spoke at a retreat by the African Primates of the Anglican Church in Abuja, advised the Nigerian government to […]
Pep Guardiola and his Manchester City players have established themselves as the leading club in UEFA’s updated club coefficient rankings. The holding of top spot in the first 2024/25 rankings comes after a UEFA Champions league quarter-final exit at the hands of Real Madrid in last season’s premier club competition […]
Comrade Joe Ajaero, President of the Nigerian Labour Congress (NLC), has said the status quo on N250,000 as minimum wage stands. While the Federal Government and Organised Private Sector agreed on N62,000, labour is insisting on N250,000. President Bola Tinubu had said he needed time to consult with other stakeholders […]
A bill seeking to create a new state in the south-east geopolitical zone has passed second reading at the house of representatives. The proposed legislation, which is co-sponsored by three lawmakers from the region — Amobi Ogah (Abia), Miriam Onuoha (Imo), Kama Nkemkama (Ebonyi), Chinwe Nnabuife (Anambra), and Anayo Onwuegbu (Enugu) […]
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the country is paying for the consequences of the N27 trillion ways and means loan. On May 23, 2023, the senate approved the N22.7 trillion ways and means loan, thereby securitising the debt following a request by former President […]
The Federal Government said its decision to install electronic gates at all the nation’s international airports would help flag unwanted persons or persons of interest from entering Nigeria. Tunji-Ojo stated that the gates would eliminate the inconveniences associated with clearance at the arrival lounge, noting that travellers arriving in the […]
Nigeria’s FX reserve hit $35.05 billion the highest since Tinubu’s administration today according to data from the Central Bank of Nigeria. The last time the reserve reached this height was May 30 2023, a day after the president’s inauguration when it was $35.09 billion and before the unification of the […]