ECONOMIC HARDSHIP: GOVERNORS EXPRESS COMMITMENT TO SECURITY OVER PLANNED PROTEST
In advance of the August demonstration by young people against economic hardship, the 36 state governors of the Federation have reaffirmed their commitment to ensuring...
ECONOMY: INFLATION JACKS UP PRICES OF BEANS, YAM, OTHERS IN JUNE
A recent report from the National Bureau of Statistics shows that in June 2024, the cost of food items such as beans, tomatoes, yams, garri,...
REPS ASK NERC, DISCOs TO IMMEDIATELY REVERSE BAND A ELECTRICITY TARIFF HIKE
On Tuesday, the Nigeria Electricity Regulatory Commission (NERC) and the distribution firms (DISCOs) were urged by the House of Representatives to immediately stop raising rates...
JUST IN: CBN AGAIN RAISES INTEREST RATE TO 26.75% AMID SOARING INFLATION
Amid surging inflation and skyrocketing food prices, the Central Bank of Nigeria (CBN) has once again raised the Monetary Policy Rate (MPR), which measures interest...
CBN PROJECTS NIGERIA’S EXTERNAL RESERVES COULD REDUCE SLIGHTLY IN 2024
The Central Bank of Nigeria (CBN) has projected that Nigeria’s external reserves could reduce slightly in 2024. This was disclosed in the recently released maiden...
CBN SELLS FOREX TO BDC OPERATORS AT N1450 PER DOLLAR
At a rate of N1450 per dollar, the Central Bank of Nigeria sold dollars to qualified Bureau de Change operators on Thursday. This was revealed...
REPS TO PROBE NON-ALLOCATION OF CRUDE TO DANGOTE REFINERY
On Thursday, July 18, the House of Representatives decided to look into claims that the Nigeria Upstream Petroleum Regulatory Commission and foreign oil companies doing...
UPDATE: IMF MAINTAINS 2024 GLOBAL GROWTH FORECAST AT 3.2%
In a study released on Tuesday, the IMF downgraded its projections for both the US and Japan while maintaining its predictions for global growth in...
BREAKING: NIGERIA’S INFLATION RATE HITS 34.19 % AMID RISING FOOD PRICES
According to the most recent data from the National Bureau of State Statistics (NBS), Nigeria's inflation rate touched a new high of 34.19% in June...
ADESINA WARNS AGAINST NIGERIA’S FOOD IMPORTATION POLICY, SAYS IT COULD DESTROY THE COUNTRY’S AGRICULTURE
Dr. Akinwumi Adesina, President of the African Development Bank Group, has warned that the Nigerian government's decision to permit significant food imports could ruin the...