Nigeria’s inflation rate has dropped significantly to 24.48% year-on-year in January 2025, down from 34.80% in December. This decline, reported by the National Bureau of Statistics, follows the rebasing of the Consumer Price Index (CPI), which reflects updated consumption patterns. Urban inflation stands at 26.09%, while rural inflation is 22.15%.Food […]
News
Elder Statesman Edwin Clark Dies At 97.
Nigeria has lost another elder statesman, Chief Edwin Clark, who passed away at the age of 97 on Monday night. His family confirmed the news, stating that further details will be announced later. Meanwhile, former NIMASA Director-General Dakuku Peterside has mourned Clark’s passing, describing him as a patriot and defender […]
How we grew Enugu’s IGR by 1,000% from N30bn to N500bn– Gov Mbah
Enugu State Governor, Peter Mbah, has credited the state’s economic growth to financial and economic inclusion. Speaking at a recent event in Abuja, Mbah highlighted that the state’s Internally Generated Revenue (IGR) surged from N30 billion to over N500 billion, emphasizing the importance of expanding the financial net rather than […]
Anambra Police Arrests Three Individuals For Child Trafficking
Anambra State Police have arrested three individuals, including a fake medical doctor, for attempting to traffic 10 children to Abuja. The suspects were caught after police tracked a missing 6-year-old boy and later uncovered a child trafficking scheme. The children, aged 5 to 6, were found malnourished in an apartment […]
Polish Polish Prime Minister Donald Tusk says his country will not send troops to Ukraine
Polish Polish Prime Minister Donald Tusk says his country will not send troops to Ukraine. Tusk stated this as he set off for an emergency summit in Paris to discuss Europe’s role in any ceasefire. Recall that British Prime Minister Keir Starmer had earlier said he was ready to put […]
Federal workers lament payment of ‘half salary’ in January
There have been lamentations among some federal government workers over what they described as payment of “half salary” for January. But the Joint Public Service Negotiating Council, JPSNC, has assured workers that the matter is being looked into and that a letter has been written to the Head of Civil […]
Tambuwal blasts APC, says Tinubu’s govt thrives on propaganda
Former Sokoto State Governor and Senator representing Sokoto South, Aminu Waziri Tambuwal, has accused the ruling All Progressives Congress (APC) of using coercion, propaganda, and economic distress to force defections from the opposition. He described the APC’s latest attack on him as an attempt to stifle dissent and divert attention […]
FG calls for humane deportation process as U.S. set to deport 85 Nigerians.
The Minister of State for Foreign Affairs, Mrs Bianca Odumegwu-Ojukwu, has urged the U.S. to adhere to established protocols when deporting immigrants from its territory. She made this appeal in a statement on Sunday in Abuja, following a visit by the U.S. Ambassador to Nigeria, Richard Mills Jr., to the […]
Labour says it has not zoned its presidential ticket to the Southeast.
The leadership of Labour Party says it has never zoned its presidential ticket to the South-East. The party’s National Publicity Secretary, Mr Obiora Ifoh, stated this in a statement issued in Abuja on Monday. The News Agency of Nigeria (NAN) reports that Ifoh was reacting to a report making the […]
Naira Strengthens as CBN Policy Boosts Forex Supply—BDC President
The National President of the Association of De Change Operators, Aminu Gwadebe, has revealed that the pick-up of the interbank proceeds to Bureaux de Change as directed by the Central Bank of Nigeria and other factors is the reason the Naira has recorded a significant gain against the dollar in […]