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The National Bureau of Statistics (NBS) has reported a rise in Nigeria’s inflation rate to 33.95% in May 2024, up from 33.69% in the previous month. This development was highlighted in the NBS consumer price index (CPI) report released on Saturday.The report revealed that the food inflation rate for May 2024 reached 40.66% year-on-year, a signifMore Woes As Nigeria's Inflation Rate Climbs To 33.95% in May 2024, Says NBS
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Nigeria's financial landscape faces a new challenge as BlackRock Inc., a leading American fund management firm, has announced its decision to sell off its equity investments in the country. The firm cited persistent liquidity issues and difficulties in repatriating funds in dollars as key reasons for its exit.In a notice to investors, BlackRoAnother Int. Firm, BlackRock Inc. Exits Nigeria Amid Liquidity And Repatriation Challenges
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The Nigeria Police Force has flagged significant irregularities and alleged corruption in the recently released list of successful candidates for the 2022/23 Police Constables Recruitment Exercise. The announcement follows numerous complaints from candidates and stakeholders about the legitimacy of the selection process.In a detailed press releaseNigeria Police Confirms 2022 Constable Recruitment Process Marred With Irregularities, Corruption; Calls For Review
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The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has reiterated his dedication to realizing President Bola Tinubu’s ambitious agenda for Nigeria. His remarks came during a visit to the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi (Ojaja II), at Ile-Ife, according to a statement released by the anti-graft agency onEFCC Chairman, Ola Olukoyede Affirms Commitment To President Tinubu's Vision For Nigeria
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Ghanaian citizens have been advised to prepare for a three-week period of power disruptions across the country as a result of a gas supply shortage, state-owned electricity companies announced.In a joint statement issued on Thursday, June 13, 2024, the Ghana Grid Company LTD (GRIDCO) and the Electricity Company of Ghana (ECG) disclosed that the reGhanaian Power Companies Announce 3-Week Power Disruption Due To Gas Supply Issue From Nigeria
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Emir of Kano, Muhammadu Sanusi II has said that regionalism and parliamentary system of government are not solutions to Nigeria's problem. Sanusi who said this in an interview with Vanguard, questioned the necessity of a bicameral legislature and the rationale behind appointing ministers from every state, even when not required. He noted thatRegionalism & Parliamentary System Of Govt Not Solution To Nigeria's Problem -Emir Of Kano Sanusi
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A Nigerian man based abroad, Capt Shinz, has opined that the 'Japa' trend levels people.He made this known when he was introduced to another Nigerian who was a top bank auditor in Nigeria but now works as a store security guard in the UK after relocating. “The day I knew Japa dey level people to the ground was when I went to one of ourMan Narrates How He Met A Top Bank Auditor In Nigeria Working As A Store Security Guard In UK
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The “Superstar” album of award-winning Afrobeats star, Wizkid, has returned to the charts as it reaches the top 3 on Apple Music Nigeria for the first time in 13 years.This comes after the “Essence” crooner marked 13 years since the release of his debut album “Superstar,” while expressing gratitude to God for his blessings, a healthy fWizkid’s ‘Superstar’ Album Reaches Top 3 On Apple Music Nigeria After 13 Years
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The Chairman of Dangote Group, Aliko Dangote, has said his $20 billion 650,000 barrels per day Lagos-based refinery will crash the price of fuel as it reduced the price of diesel in Nigeria.Dangote disclosed this at a recent Afreximbank Annual Meetings and AfriCaribbean Trade and Investment Forum in Nassau, The Bahamas.Asked to speak on whether orBillionaire Businessman, Dangote Says His Refinery Will Reduce Fuel Price In Nigeria
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The presiding pastor of Calvary Bible Church, Ikotun, Lagos, Olumide Emmanuel, has said that considering the level of social, political, economic and security problems bedeviling Nigeria currently, only the church could salvage it.He noted that President Bola Tinubu, though said to have done well as Lagos Governor, cannot handle the country’s prNone Of Tinubu, Atiku, Peter Obi Can Handle Nigeria’s Problems – Pastor Olumide Emmanuel
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The World Bank has approved two significant financing facilities totaling $2.25 billion to support Nigeria's efforts in stabilizing its economy. This move aims to bolster the Federal Government’s initiatives towards inclusive growth and revenue diversification.The approval was announced in a statement titled, “Supporting Nigeria’s HomegWorld Bank Approves Nigeria’s $2.25 Billion Loan Request
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A chieftain of the Peoples Democratic Party, Bode George has charged President Bola Ahmed Tinubu to look into what he described as hardship in his government.Chief Bode, during an interview on Wednesday, while celebrating Democracy Day, emphasized that excuses will no longer be accepted to justify failure in Tinubu’s administration.He added thatDemocracy Day: 'What Are We Celebrating When There’s Hunger In Nigeria?' – Bode George Queries Tinubu
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In an impressive move, the Nigerian Ministry of Sports has partnered with Yanga Games – an established lottery firm – for a genuine partnership geared towards enhancing sports in Nigeria and supporting its economy. This partnership not only commits funding towards an array of sporting projects but also rallies the emerging strength of the gambNigeria's Ministry of Sports Signs Deal With Yanga Lottery
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MultiChoice, a satellite television service provider based in South Africa, reported significant financial losses for the fiscal year ending 31 March 2024. The company incurred a net loss of 4.1 billion rand (equivalent to $225.8 million at the current exchange rate), marking its second consecutive year of losses. This represents a deepening of itMultiChoice Blames Nigeria's Economy As They Record Huge Loss in Financial Year End 2024
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President Bola Tinubu has said that he would approve a new minimum wage that the government can afford.The President said this on Wednesday at a dinner to mark Nigeria’s 25 years of unbroken Democracy in Abuja.Tinubu thanked those who stood by him over the years, promising Nigerians that he won’t depart from the tenets of democratic governanceMinimum wage: "I’ll Approve What Nigeria Can Afford" – President Tinubu
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The Publicity Secretary, Pentecostal Fellowship of Nigeria, PFN, Bishop Emmah Isong, has said that Nigeria’s democracy has mainly favoured politicians.Isong made the statement in an interview with the News Agency of Nigeria (NAN) in Calabar on Thursday.He said that the 25 years of uninterrupted democratic rule in the country had no remarkable po"Nigeria’s Democracy Mainly Favours Politicians" – Bishop Isong
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Actor Mofe Duncan has reacted to President Bola Tinubu's fall. Recall that Tinubu fell at the commemoration of Democracy Day. The public made Tinubu’s fall a topic of discussion after he slipped and fell while attempting to climb a car intended for the parade. In the video that went viral, it was seen that Bola Tinubu sadly tripped and fellVIDEO: Actor, Mofe Duncan Compares Tinubu’s Fall To Nigeria’s Economy
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The Nigeria Police Force has successfully dismantled a high-value cartel involved in trading jewelry worth billions of Naira, stolen during armed robberies in Abuja and its surroundings.The Force spokesperson, ACP Olumuyiwa Adejobi, revealed in a statement that the breakthrough came after a robbery incident on April 28, 2024, at the residence of aNigeria Police Dismantles Cartel Dealing In Billion-Naira Jewelry Obtained From Robbery Operations In Abuja
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Popular Nigerian singer Michael Adebayo Olayinka, widely known as Ruger, has sparked controversy with his recent assertion that out of the hundreds of musicians in the country, fewer than five possess true talent.In an interview with Cool FM, Lagos, Ruger expressed his belief that most Nigerian artists are merely producing music for entertainmentPopular Nigerian Singer, Ruger Claims Talented Musicians In Nigeria Are Not Up To Five (Video)
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The Minister of Power, Adebayo Adelabu, announced on Tuesday that Nigeria enjoys the lowest electricity tariffs in Sub-Saharan Africa. This revelation came during a public hearing organized by the House of Representatives Joint Committee on Power, National Planning, and Delegated Legislation in Abuja.Adelabu highlighted that despite the tariffs, N"Nigeria Boasts Lowest Electricity Tariffs In Sub-Saharan Africa" - Minister Of Power, Adebayo Adelabu
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Vice President Kashim Shettima has appealed to Nigerian doctors to stay back in the country and help the Tinubu-led administration salvage the nation.Shettima made the appeal on Tuesday, June 11, when the National Executive Committee of the Nigerian Medical Association, led by its newly elected President, Prof. Bala Audu, paid him a courtesy visit"Let’s Stay Back And Salvage Nigeria" - VP Shettima Tells Resident Doctors
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Protesters stormed the Ikeja Underbridge, Lagos, on Wednesday morning, June 12, as the country marks the 2024 Democracy Day.The protesters chanted solidarity songs and held placards and banners.Some of the placards had inscriptions like: "President Tinubu, let the poor breathe," "For another general strike with mass protest now,&quJUNE 12: Protesters Storm Ikeja With Placards To Protest Economic Hardship In Nigeria (VID/PIC)
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President Bola Ahmed Tinubu has applauded the decision of Tolaram Group to acquire Diageo’s 58.02 per cent shareholding in Guinness Nigeria Plc.The President said the move is a testament that the Indonesian business conglomerate reposes confidence in Nigeria’s economy.Tinubu made his point known in a statement released on Tuesday by his speciaPresident Tinubu Commends Tolaram For Taking Over Guinness Nigeria
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Peter Obi, former presidential candidate of the Labour Party (LP), has raised concerns about the current state of Nigeria's democracy, describing it as having devolved into a classical state capture. In a statement on his X handle, Obi highlighted the various leadership failures plaguing the nation, leading to rampant corruption, insecurity,JUNE 12! "Nigeria’s Democracy Has Fallen To State Capture" - Peter Obi
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Dangote Refinery has announced July 10–15, 2025, as the new date to commence supply of Premium Motor Spirit (fuel) to the Nigerian market.The President of Dangote Group, Aliko, disclosed this recently during a tour of the 650,000 barrel per day capacity Refinery by the Governor of Lagos State, Babajide Sanwo-Olu.The new date comes after the refiDangote Refinery Announces Fresh Date To Commence Fuel Supply In Nigeria
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After operating in Nigeria since 1950 and enduring a torrid economic climate on the back of President Bola Tinubu’s administration, Guinness has announced it will exit the Nigerian market and sell off its controlling shares to Singaporean conglomerate Tolaram Group on Tuesday.The brewery brand recorded a staggering N61.9 billion loss after tax bMakers of Guinness Brands, Diageo Set To Exit Nigeria Over Rising Cost of Operations
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Yusuf Tuggar, the Minister of Foreign Affairs, has informed Folasade Yemi-Esan, head of the Service of the Federation, about ongoing sexual harassment allegations against Ibrahim Lamuwa, the ministry’s permanent secretary.In a letter dated May 27 addressed to Yemi-Esan, Tuggar said he felt it necessary to write her following the “gravity of thNigeria’s Foreign Ministry Official, Lamuwa Accused Of Sexual Harassment By Married Employee
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The Chairman of the National Hajj Commission of Nigeria, NAHCON, Mallam Jalal Arabi, has disclosed plans by the Commission to reduce the number of days to be spent by Nigerian pilgrims in Saudi Arabia during the Hajj season.Speaking to journalists shortly after he arrived at the Prince Mohammed Bin Abdulaziz International Airport, Madinah, he frowNigeria’s Hajj Commission To Reduce Number Of Pilgrims’ Days In Saudi Arabia
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On Monday, June 10, Ikenga Ugochinyere, representing Ideato South/Ideato North Federal Constituency in Imo State, addressed a news conference at the National Assembly in Abuja on behalf of 35 members of the House of Representatives. The group is advocating for amendments to the 1999 Constitution to introduce the rotation of the Presidency among NiNigeria Reps Seek Six Years Tenure For President And Governors
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Nigeria’s chance of playing at the 2026 World Cup is in jeopardy, following a 2-1 defeat to Benin Republic.The Super Eagles, looking to bounce back from their 1-1 draw with South Africa last Friday, started on a good note, thanks to Raphael Onyedika’s excellent finish in the first half.However, Finidi George’s men went into the break behind,Nigeria Super Eagles In Danger Of Missing 2026 World Cup After Being Floored 2-1 By Benin Republic
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