admin31 million Nigerians expected to be in food crisis – Report
About 31.5 million people, including 83,846 IDPs in 26 states and the FCT, are expected to be in crisis or worse between June and August 2024, a report, Cadre…
Inflation: Buhari’s administration printed Naira for eight years without matching production — FG
The federal government on Wednesday disclosed that the policy of the immediate past administration of former President Muhammadu Buhari which resulted in free printing of Naira for eight years…
Nigeria Still Pays Fuel Subsidy, Says Bauchi Ex Gov
A former Governor of Bauchi State, Isa Yuguda, has stated that the federal government still pays subsidy on petroleum products. In his inaugural speech last year, President Bola Tinubu…
POWER; CD Attribute Collapse of National Grid To Corruption, Lack of Leadership
•Wants DISCOs Licenses Revoked The Federal Government of Nigeria has been told to revoke the licenses of Power Distribution Companies in Nigeria (DISCOs). Human Rights, Liberty Access and Peace Defenders…
Cost Of Living Crisis: Nigeria, Others Risk Social Unrest – AfDB
The African Development Bank (AfDB) has warned that Nigeria, Ethiopia, Angola and Kenya risk social unrest owing to the rising prices of fuel and other commodities. The AfDB gave…
FX Crisis: Travel Allowances By Cash No Longer Permitted — CBN
In a move to solve the foreign exchange crisis in the country, the Central Bank of Nigeria (CBN) says Personal and Basic Travel Allowances will only be paid through…
CBN stops IOCs from 100% income repatriation
The Central Bank of Nigeria (CBN) has announced far-reaching measures to shore up the value of the Naira, with more liquidity in the Foreign Exchange (FX) market as it…
BREAKING: Nigeria’s inflation hits 29.90% amid high food prices
Nigeria’s annual inflation rate rose to 29.90 per cent in January from 28.92 per cent in December 2023, the National Bureau of Statistics (NBS) said Thursday. The statistics office…
FG to borrow N2.5trn through bond, says DMO
The Debt Management Office (DMO) has said that the Federal Government is seeking to raise N2.5 trillion in its second bond auction of the year. In a circular issued…
CBN fails to account for $4.5bn in Foreign Reserves — Audit Report
The sum of $4.5 billion cannot be accounted for in Nigeria’s Foreign Reserves between 2018 and 2019, an audit report of the Office of the Auditor-General of the Federation…
FG warns businesses against ‘exploitative’ hike in food prices
The Federal Competition and Consumer Protection Commission (FCCPC) has warned businesses against aiding hikes in the prices of food items. Adamu Abdullahi, acting chief executive officer (CEO) of FCCPC,…
CAN: Economic hardship: Suffering becoming unbearable for Nigerians
The Christian Association of Nigerians in the 19 Northern States and Abuja, on Friday, expressed concern over the prevailing harsh economy, declaring that the suffering in the country is…
BREAKING: To ease Nigerians’sufferings, Tinubu directs release of 102 metric tons of food items
President Bola Tinubu has directed the immediate release of over 100 metric tons of assorted food items from the strategic reserve and the Rice Millers Association of Nigeria as…
Naira depreciates to N1,465/$ in parallel market
The naira yesterday depreciated to N1,465 per dollar in the parallel market from N1,445 per dollar on Tuesday. However, the naira appreciated to N1,418.78 per dollar in the Nigerian…
Things Would Have Been Worse If Subsidy Didn’t Go – FG
The Federal Government has again defended its removal of subsidy on petroleum despite the cost of living and inflation soaring in the aftermath of the move. Nigeria had for…
