adminOver 40 Million People Across West, Central Africa Are Struggling To Feed — Report
Over 40 million people across West and Central Africa are struggling to feed themselves during the 2024 post-harvest season. A statement released by the United Nations World Food Programme on…
Businesses Project Naira Depreciation Into Q1 2025 — CBN
The Central Bank of Nigeria has said businesses, while expressing optimism about the macroeconomic environment, have projected further depreciation of the naira this month and the first three months of…
2025 budget proposal scales second reading at n’assembly
The 2025 appropriation bill has scaled the second reading at the national assembly. The budget passed the second reading during plenary on Thursday after an extensive debate by legislators in…
SPOTTED: State House budgets N15bn for SUVs, car tyres, office complex
The State House has earmarked N15.09bn for the purchase of tyres for bulletproof vehicles, Sport Utility Vehicles, operational vehicles, and plain cars, and the construction of an office complex for…
Tinubu presents ₦47.96trn 2025 budget
President Bola Tinubu has arrived the National Assembly for the presentation of the 2025 Appropriation Bill before the joint session of the National Assembly. President Tinubu came into the Chamber…
N’Assembly to extend 2024 budget cycle
The National Assembly is set to extend the 2024 budget cycle. It was also learned that the 2025 budget will be passed at the end of the year. President Bola…
W’Bank plans $1.65bn loans for Nigeria next year
The World Bank is set to decide on three major loan projects for Nigeria in 2025, totalling $1.65bn, as part of efforts to address critical developmental challenges in the country.…
FG okays 2025 budget, sets $75 per barrel oil benchmark
The Federal Executive Council on Monday approved the 2025 Budget Proposal. The Minister of Budget and Economic Planning, Atiku Bagudu, revealed this to State House Correspondents after the Council met…
BREAKING: Nigeria’s inflation rate now at to 34.6%
The National Bureau of Statistics says Nigeria’s inflation rate rose to 34.6 percent in November — up from 33.8 percent in October. In its consumer price index (CPI) report for…
FG, States, LGCs Share ₦1.727trn November 2024 Revenue
A total sum of ₦1.727 trillion, being November 2024 Federation Accounts Revenue, has been shared to the Federal Government, States and the Local Government Councils. The revenue was shared at…
Tinubu to present 2025 budget Tuesday
President Bola Tinubu will present the 2025 Appropriation Bill to the National Assembly on Tuesday, the Senate President, Godswill Akpabio, has disclosed. Akpabio made this known during the announcement at…
Nigeria’s private sector struggles with naira depreciation, fuel price hikes – Report
Nigeria’s private sector grappled with heightened inflationary pressures in November 2024, driven by currency depreciation and escalating fuel prices, according to the latest Purchasing Managers’ Index report by S&P Global.…
Food Inflation Jacks Up Cost Of Cooking Nigerian Jollof Rice – Report
The rising food inflation rate has increased the average cost of cooking a pot of jollof rice in Nigeria from N20,274 in June to N21,300 in September, reflecting a 5.1%…
Tinubu’s tax bills will cripple north, says Northern governor
Babagana Zulum, governor of Borno, says he will rally lawmakers from the north to reject the tax bills proposed by President Bola Tinubu. Speaking with BBC, Zulum said previous laws…
Unemployment Dropped by 4.3% in Q2, Says NBS
The unemployment rate in Nigeria declined to 4.3 per cent in the second quarter of 2024, according to the latest report released on Monday, by the National Bureau of Statistics.…
