adminFuel subsidy removal poses risk to external reserve growth – CBN
The Central Bank of Nigeria, CBN, has said that fuel subsidy removal, lower import bills, and increased external debt servicing obligations could pose downside risks for the growth of external…
REPORT: Despite Easing Inflation Rate, Rent, Health and Transport Costs on Upward Trend
The inflation rate in Nigeria eased for the second consecutive month to 32.15% in August, but the cost of rent, medical services and transportation remain on an upward trend This…
Group gives Tinubu 48 hours to reverse ‘unlawful petrol price hike, probe NNPCL
Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to use his “leadership position and good offices to direct the Nigerian National Petroleum Company Limited (NNPCL) to immediately…
Reduce Fuel Price, Nigerians Are Hungry, Kukah Tells APC
Catholic Bishop of Sokoto Diocese, Mathew Hassan Kukah, has asked leaders of the ruling All Progressives Congress (APC) to reduce the current pump price of fuel, saying Nigerians are hungry.…
No Plan To Regulate Prices, Says FCCPC
The Federal Competition and Consumer Protection Commission (FCCPC) on Tuesday said it has no plans to regulate prices in the Nigerian market. FCCPC in a statement by its spokesman, Ondaje…
Law Underway To Increase VAT To 10% –Presidential Tax C’mtee
Taiwo Oyedele, Chairman Presidential Fiscal Policy and Tax Reforms Committee, says the committee is proposing a law to the National Assembly to increase valued added tax from the current 7.5%…
Arewa group asks Tinubu to arrest, investigate NNPCL boss over N6 trillion subsidy, persistent fuel crisis
The Arewa Democratic Front (ADF), a non-governmental organization established in 2007 has called President Bola Tinubu to arrest and investigate the NNPCL CEO, Mele Kyari over alleged N6 trillion subsidy…
Inflation: Nigerians To Spend 54.9% Income On Food In Next Six Months, Says CBN
The rising inflation rate will force Nigerian households to spend the largest amounts of their earnings on food in the next six months, a recent survey by the Central Bank…
FG to traders: You have one month to crash food prices or be penalized
The Federal Competition and Consumer Protection Commission has given a one-month moratorium to traders and other market stakeholders involved in exploitative pricing to crash the prices of goods. The newly…
31.8m Nigerians Suffering From Acute Food Insecurity — Report
Over 31.8m Nigerians are suffering from acute food insecurity compounded with malnutrition among women and children in the country. According to statistics provided by the 2024 Cadre Harmonise report, the…
NBS: Price of 12kg cooking gas increased by 55% in one year
The National Bureau of Statistics (NBS) says the price of 12.5 kilograms (kg) of liquefied petroleum gas (LPG), better known as cooking gas, has increased by 55.66 percent year-on-year. The…
Extreme wealth gap widens globally as top 1% gains $42tn — Report
The world’s richest 1 per cent have amassed $42 trillion in new wealth over the past decade. This is nearly 34 times more than the entire bottom 50 per…
Tinubu Asks Senate To Raise 2024 Budget By N6.2trn
President Bola Ahmed Tinubu on Wednesday transmitted a letter to the Senate asking the lawmakers to approve 2024 supplementary appropriation to the tune of N6.2 trillion. The letter was…
BREAKING: FG donates trucks of rice to 36 states, FCT
The Federal Government has donated 20 trucks of rice to the 36 state governors and the Federal Capital Territory (FCT) for distribution to vulnerable Nigerians. The Minister of Information…
BREAKING: Nigeria inflation soars to 34.19%
Nigeria’s annual inflation rate increased for the fifth consecutive month to 34.19 per cent as residents of Africa’s most populous country grapple with a cost of living crisis, Premium…
