archiveAugust 15, 2024

  The Federal Government has inaugurated the Technical Sub-Committee tasked with developing the framework for the sale of crude oil to local refineries in Naira. Director of Information and Public Relations at the Ministry of Finance, Mohammed Manga, made this known in a statement on Thursday. He noted that the...

The former Governor of Anambra State and 2023 presidential candidate, Peter Obi, has criticised the Nigerian government following the international seizure of three jets belonging to the Presidential fleet. Describing the incident as an international embarrassment, Obi, in a statement via X on Thursday, condemned the Federal Government’s handling of...

  The Kaduna State Police Command has apprehended two suspects in Zaria, who allegedly buried a man alive, for attempted murder. The arrest followed a viral video showing the victim, Abubakar Aliyu, 20, from Gauraki village, with only his head exposed after being buried. The Command’s PPRO, ASP Mansir Hassan...

    Nigeria’s headline inflation rate decreased to 33.40 per cent in July 2024, down from 34.19 per cent in June 2024. This marks the first decline in the headline inflation rate since December 2022, when it last dropped to 21.34 per cent. The latest inflation rate figures are based...

      The pan-Yoruba socio-political group, Afenifere, says President Bola Ahmed Tinubu’s administration is plunging Nigeria into an economic crisis that is worse than the Great Depression of 1929. The group states further that Nigeria’s economic crisis is far worse than the 1929 Great Depression, noting severe declines in...

  The Manufacturers Association of Nigeria (MAN) has raised concerns about the average maximum lending rate of 35 per cent charged by commercial banks on loans to its members in the second quarter (Q2) of 2024. MAN said the lending rate increased by 6.4 per cent in Q2 – up...

The General Superintendent of Deeper Christian Life Ministry, Pastor William Kumuyi, has urged youths to hold dialogue with the Federal Government to achieve positive socio-economic impact change in the country. Kumuyi made the call on Wednesday in an interactive session with journalists on arrival at the Port Harcourt Airport for...

  The Economic and Financial Crimes Commission (EFCC) says the N50 billion allocated to the Nigerian Education Loan Fund (NELFUND) was not a donation by the commission, but part of the recovered proceeds of crime remitted to the government. The agency, in a statement by its spokesperson, Dele Oyewale, said...

Governor of Lagos State, Babajide Sanwo-Olu, has described late Herbert Wigwe, as a beacon of hope, in marking what could have been his 58th birthday if he was alive. Sanwo-Olu said the late Wigwe was a visionary leader who was an inspiration to many during his lifetime. He described him...

  President Bola Ahmed Tinubu on Wednesday explained that his passion to see the speedy growth of the nation’s Defence Industries Corporation of Nigeria (DICON) and Nigeria’s Military Industrial Complex motivated him to sign the DICON Act 2023 into law within his first six months in office. Speaking in Abuja...