CBN Raises Interest Rate to 27.50% to Tackle Inflation
The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 27.50% from 27.25%, marking the sixth rate hike this year in its ongoing effort to curb rising inflation. The decision was announced by CBN Governor Yemi Cardoso at the conclusion of the Monetary Policy Committee (MPC) meeting held in Abuja. Cardoso […]
Trump Threatens Trade War on China, Canada and Mexico
China and Mexico strongly criticized President-elect Donald Trump on Tuesday following his threats of a trade war targeting the U.S.’s top economic partners. Trump announced plans for steep import tariffs against Canada, Mexico, and China via social media, tying the measures to his demands for a halt to illegal immigration and drug smuggling into the […]
Tinubu will not present 2025 Budget on Wednesday – National Assembly
The National Assembly has dismissed claims circulating on social media that President Bola Tinubu will present the 2025 budget to a joint session on Wednesday. In a statement on Tuesday, Dr. Ali Umoru, Secretary of Research and Information at the National Assembly, labeled the reports as false and urged the public to disregard them. “The […]
World’s Oldest Man, John Alfred Tinniswood, Dies at 112
John Alfred Tinniswood, recognized by Guinness World Records as the world’s oldest man, has passed away at the age of 112. He died on Monday, November 25, 2024, at the Hollies Care Home in Southport, England. Guinness World Records confirmed his death in a statement on Tuesday. The family shared that Tinniswood’s last day was […]
Nigeria Loses Over $1.1 Billion Annually to Malaria – Health Minister
The Coordinating Minister of Health and Social Welfare, Prof. Muhammad Pate, has revealed that malaria costs Nigeria over $1.1 billion annually in lost Gross Domestic Product (GDP). Speaking at the inaugural meeting of the Advisory on Malaria Elimination in Abuja, Pate emphasized that malaria is not only a health crisis but also an economic and […]
JUST IN: Port Harcourt Refinery Begins Fuel Production
After multiple delays, the Port Harcourt refinery has officially commenced fuel production, the Nigerian National Petroleum Company Limited (NNPCL) announced on Tuesday. According to NNPCL spokesperson Olufemi Soneye, the loading of fuel trucks is set to begin immediately.“Port Harcourt Refinery begins production. Truck loading starts today, Tuesday,” Soneye confirmed. This marks a significant milestone in […]
Paul Pogba Blackmail Trial Begins in Paris
Six men, including Juventus and France midfielder Paul Pogba’s brother Mathias and three childhood friends, went on trial Tuesday in Paris, accused of blackmail, attempted extortion of €13 million, and holding the football star at gunpoint. The case has shocked the football world, revealing a web of betrayal and alleged criminal acts. Pogba claims he […]
NLC Dismiss Nigeria’s Latest Unemployment Report as Unrealistic
The Nigerian Labour Congress (NLC) and key private sector groups have criticized the latest unemployment report from the National Bureau of Statistics (NBS), describing its findings as disconnected from the country’s economic realities. The NBS report claims Nigeria’s unemployment rate dropped to 4.3% in Q2 2024, down from 5.3% in Q1 2024, citing improved labor […]
FG is still Investigating Civil Servants Receiving Salaries Abroad – HOS
The Head of the Civil Service of the Federation, Didi Walson-Jack, has reaffirmed the Federal Government’s commitment to identifying civil servants who continue to receive salaries after relocating abroad. Speaking during an event in Abuja marking her 100 days in office, Walson-Jack denied claims that the investigation had been abandoned and highlighted ongoing efforts to […]
Nigeria’s GDP Grows by 3.46% in Q3 2024
Nigeria’s economy recorded a 3.46% year-on-year growth in Gross Domestic Product (GDP) in Q3 2024, surpassing the 2.54% growth from Q3 2023 and slightly higher than 3.19% in Q2 2024, according to the National Bureau of Statistics. The growth was powered by the Services sector, which expanded by 5.19%, contributing 53.58% to the GDP. The […]
