New Covid variant XEC spreads across multiple countries
People have started catching a new Covid variant that could soon take off and become the dominant type, according to scientists. Identified in Germany, in June, cases of the XEC variant which has some new mutations that might help it spread, have since emerged in the UK, US, Denmark and several other countries. Although typical […]
Nigeria’s inflation rate drops to 32.15% in August
Nigeria’s inflation rate dropped from 33.40% in July to 32.15% in August. This is the second month of consecutive inflation decline this year. In its Consumer Price Index report released yesterday, the National Bureau of Statistics said the headline inflation rate eased to 32.15% in August 2024, while food inflation stood at 37.52% in the […]
President Tinubu pledges creation of Disaster Relief Fund
President Bola Ahmed Tinubu has promised the establishment of a disaster relief fund to assist Nigerian citizens impacted by floods and other disasters. Speaking yesterday at the Borno Government House when he visited Maiduguri, to sympathise with the government and people over the recent flooding from Alau Dam, President Tinubu who sympathized with all the […]
Nigeria’s Crude Oil Production Increases to 1.352 Million BPD
Nigeria’s crude oil production increased from 1.307 million barrels per day inJuly to 1.352mbpd in August. This is according to OPEC’s September Monthly Oil Market Report. OPEC reported that the average daily crude production rose marginally by 45,000barrels per day, based on information obtained through direct communication withthe Nigerian government. This report contradicts the Federal […]
FG Donates ₦3Billion as Flood Intervention Fund
Federal Government has donated ₦3bn as flood intervention fund to Borno Statefollowing the flood, which has displaced more than one million persons inMaiduguri, its capital. The State Governor, Professor Babagana Zulum, confirmed this while donatingcash to displaced persons taking refuge in the Bakassi IDP camp. Zulum said food items and other basic necessities will be […]
Tinubu Say Courageous Steps Have Been Taken to Reform Nigeria
President Bola Tinubu says his administration has taken courageous steps toreform Nigeria’s macroeconomic environment, to restore confidence in thenation’s economy. Represented by Vice President Kashim Shettima, at the 17th Annual Banking andFinance Conference in Abuja, the President said the government is rigorouslyworking to actualize through measures targeted at reducing inflation, stabilizingthe foreign exchange market and […]
Tinubu Approves 2024 National Honours Awards
President Bola Tinubu has approved the commencement of 2024 NationalHonours Award to Nigerians who have contributed to the development of thecountry, in line with the National Honours Award Act 2004. Minister of Special Duties and Intergovernmental Affairs, Zaphaniah Jisalo, whomade this known yesterday in Abuja, said the Federal Government would alsohonour Nigerians who have distinguished […]
Tinubu Approves Research Grant of Federal Universities
President Bola Tinubu has approved the exclusion of third-party research grantfunds of federal universities and research institutions from the Treasury SingleAccount. This is contained in a letter signed by the Acting Executive Secretary, NationalUniversities Commission, Chris Maiyaki, to Vice Chancellors. Already, the Minister of Education, Prof. Tahir Mamman, has conveyed thisdirective to the Minister of […]
Presidency Denies Ownership of Yatch Flying Nigerian Flag
The Presidency has denied ownership of a yacht spotted flying the Nigerianflag in St. Tropez, a coastal town in France. In a viral video on social media, the yacht can be seen displaying the Nigerianflag as it sailed through the French town, triggering conspiracy theories onlinewith some people linking the yacht’s ownership to President Bola […]
Tinubu’s Spokesman, Ajuri Ngelale Resigns From Office
President Bola Tinubu has received the memo from Ajuri Ngelale, his spokesman and Special Presidential Envoy on Climate Action, informing him of his resignation for personal and health reasons. A statement on Saturday by the presidency said the President accepted Ngelale’s reasons for the resignation, fully understood them and sympathised with the circumstances that led […]
