< 1 mn read The Nigerian government has reiterated its dedication to strengthening international partnerships and deepening ties with member states of the Organisation of African, Caribbean, and Pacific States (OACPS). This was highlighted during a high-level OACPS meeting on the sidelines of the 79th Session of the United Nations General Assembly, where Vice President Kashim Shettima represented President […]

< 1 mn read The Central Bank of Nigeria (CBN) has increased its Monetary Policy Rate (MPR) to 27.25% following the decision at Tuesday’s Monetary Policy Committee (MPC) meeting, chaired by CBN Governor Yemi Cardoso. Cardoso explained that the hike aims to boost confidence among economic agents and help them plan for the medium to long term. Despite a […]

< 1 mn read Senator Orji Uzor Kalu, Chairman of the Senate Committee on Privatization, has expressed deep concern over the rising hardship in Nigeria, urging President Bola Tinubu to take immediate action to provide relief to the suffering citizens. Speaking to journalists, the former governor of Abia State emphasized the severity of the situation, highlighting the struggles faced […]

< 1 mn read The Nigerian Police announced the arrest of six individuals during last Saturday’s governorship election and the recovery of BIVAS machines, which were either stolen or illegally acquired. Deputy Inspector General of Police, Frank Mba, revealed this at a press briefing in Benin. He also reported the recovery of weapons, live ammunition, 58 voter cards, and […]

< 1 mn read The Minister of Water Resources and Sanitation, Engr Joseph Utsev, affirmed that the Dadin-Kowa and Goronyo dams in Gombe and Sokoto States are in good condition, dismissing circulating rumors. Speaking at a press conference for 2024 World Rivers Day, themed ‘Protect our Rivers from Pollution,’ Utsev emphasized the importance of safeguarding rivers for their ecological, […]

2 mn read In approximately ten days, Nigeria will commemorate its 64th Independence anniversary, with President Bola Tinubu expected to address the nation. Known for often recycling his past speeches, this time there is an anticipation for a message that can genuinely instill “renewed hope” among Nigerians. As Tinubu approaches the completion of the first 16 months of […]

2 mn read The National Leader of the Yoruba Self-Determination Movement, Professor Banji Akintoye, has renewed his call for the separation of the Yoruba nation from Nigeria, urging South West governors and monarchs to declare September 23 as Yoruba Unity Day. In a statement marking the anniversary of Yoruba Unity Day, Akintoye claimed that suspected Fulani bandits have […]

2 mn read The Organisation of Petroleum Exporting Countries (OPEC) has announced that the commencement of operations at Nigeria’s Dangote refinery and Mexico’s Dos Bocas refinery will significantly impact refining plants in the United States and Europe. Previously, these countries, along with other African nations, were primary markets for premium motor spirit (PMS), commonly known as petrol, refined […]

2 mn read The National Bureau of Statistics (NBS) has reported a rise in Nigeria’s unemployment rate, which increased to 5.3% in the first quarter of 2024 (Q1 2024), up from 5.0% in the third quarter of 2023 (Q3 2023). This information was shared as part of the Nigeria Labour Force Survey. The unemployment rate indicates the percentage […]

< 1 mn read Nigerian manufacturers are expressing cautious optimism about the economic outlook for the coming months, despite showing significant pessimism in August. This sentiment comes from the latest Business Expectations Survey (BES) conducted by the Central Bank of Nigeria (CBN), which involved feedback from 1,600 business enterprises. Key Findings: August Pessimism: The manufacturing sector displayed a notably […]

< 1 mn read According to the Central Bank of Nigeria (CBN), direct foreign exchange remittances to Nigeria decreased year-on-year (YoY) by $10 million or 0.84%, totaling $1.18 billion from January to July 2024, compared to $1.19 billion in the same period of 2023. Key Highlights: Monthly Breakdown: January: $138.5 million February: Decrease to $39.14 million (down 71.7%) March: […]

< 1 mn read The National Bureau of Statistics (NBS) has reported a significant increase in the prices of Automotive Gas Oil (AGO), commonly known as diesel, and Household Kerosene (HHK) in August 2024. Diesel Prices Year-on-Year Increase: The average retail price of diesel rose by 64.58%, reaching ₦1,406.05 per liter in August 2024, compared to ₦854.32 per liter […]

< 1 mn read The Indigenous People of Biafra (IPOB) have called on the Federal Government of Nigeria to withdraw its case against their leader, Mazi Nnamdi Kanu, and release him unconditionally. In a statement issued by the group’s Media and Publicity Secretary, Emma Powerful, they accused the government of ethnic bias and political persecution against Kanu and the […]

2 mn read Members of the Peoples Democratic Party (PDP) and the All Progressives Congress (APC) in Rivers State, aligned with Governor Siminialayi Fubara, have shifted their loyalty to the Action Peoples Party (APP) to secure their political future. This shift follows the dominance of Minister of the Federal Capital Territory, Chief Nyesom Wike, and his supporters over […]

< 1 mn read At the International Worship Centre in Uyo, Governor Umo Eno, alongside his predecessors, including Obong Victor Attah and Senator Godswill Akpabio, expressed gratitude for the peace and unity in Akwa Ibom State as it marks 37 years since its creation. During a special inter-denominational thanksgiving service on Sunday, Governor Eno reiterated his administration’s commitment to […]

< 1 mn read As Akwa Ibom celebrates 37 years since its creation, Governor Umo Eno has clarified that the launch of the Compressed Natural Gas (CNG) buses is pending due to the search for partners to establish refilling depots. In his anniversary broadcast, Governor Eno emphasized the importance of having refilling infrastructure in place before initiating the CNG […]

< 1 mn read The ad hoc committees established by both the Senate and House of Representatives to investigate alleged economic sabotage in the petroleum sector have agreed to conduct a joint investigation. In a statement he signed, Senate Leader Senator Opeyemi Bamidele (APC, Ekiti Central) announced, “As we return fully to parliamentary sessions on Tuesday, the National Assembly […]

2 mn read On Sunday, several governors met with Chinese conglomerates seeking partnerships and investments, particularly in the energy sector. Governors Hyacinth Alia of Benue State, Caleb Mutfwang of Plateau State, and Dauda Lawal of Zamfara State were among those in attendance at the Nigeria House in New York, coinciding with the United Nations General Assembly (UNGA 79). […]