Nigeria’s inflation rate has surged to a new high, reaching 34.19% in June 2024, according to the latest data from the National Bureau of Statistics (NBS). This marks a 0.24 percentage point increase from the 33.95% inflation rate recorded in May 2024. “In June 2024, the headline inflation rate increased to 34.19% compared to the […]
The Inspector General of Police, Kayode Egbetokun, has ordered the suspension of the enforcement of the Electronic Central Motor Registry Registration Process (e-CMR), initially set to begin on July 29, 2024. In a statement by Force Public Relations Officer Muyiwa Adejobi, the suspension is intended to provide time for a comprehensive public awareness campaign about […]
President Bola Tinubu has expressed profound grief over the tragic collapse of a school building in Jos, Plateau State, which resulted in multiple deaths and many injuries. In a statement issued on Friday by Ajuri Ngelale, Special Adviser to the President (Media & Publicity), President Tinubu described the incident as a huge loss to the […]
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has announced that the federal government has awarded contracts to ensure the full metering of Nigeria’s 187 oil flow stations, as well as to implement software for tracking the movement of Nigeria’s oil on the high seas. Briefing journalists in his Abuja office, the […]
The Plateau State Government has reported that 22 people have died and 132 have been injured following the collapse of a school building in Busa Buji, Jos North Local Government Area. In a statement issued on Friday evening, Plateau State Commissioner for Information and Communication, Musa Ashoms, said, “As of 6:00 pm, 154 people have […]
President Bola Tinubu has renamed the National Arts Theatre in Iganmu, Lagos, after Nobel Laureate Professor Wole Soyinka. This announcement, made in a letter signed by Tinubu, comes in honor of Soyinka’s 90th birthday. “I am pleased to join admirers around the world in celebrating the 90th birthday of Nigeria’s iconic son and world-renowned Professor […]
A report released by the Nigerian Bureau of Statistics (NBS) in collaboration with the United Nations Office on Drugs and Crime (UNODC) has revealed that Nigerian public officials received ₦721 billion in bribes in 2023. The report, titled “Corruption in Nigeria: Patterns and Trends,” highlights the pervasive nature of bribery in the country and its […]
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has reassured Nigerians that the bank’s economic reforms are yielding significant results. Speaking at the Business Day CEO Forum 2024 in Lagos on Thursday, Cardoso highlighted a 50% reduction in month-on-month inflation between February and May. Cardoso explained that interest rates are determined by […]
Governor Charles Soludo of Anambra State has announced that governors will review the Supreme Court’s verdict granting financial autonomy to local government councils. Soludo made this statement on Thursday after meeting with President Bola Tinubu at the State House in Abuja, describing the verdict as “great.” “The Supreme Court is the final authority, and as […]
The Federal Government is hopeful that the ongoing deadlock over the new minimum wage will be resolved next week. This optimism was expressed by the Ministers of Information and Labour following a closed-door session between President Bola Tinubu and the leaders of organized labour at the State House on Thursday. The meeting, which lasted about […]
