Amid shortage of foreign exchange, Nigeria’s inflation rate rose to 24.08% in July 2023, the highest in years. The July 2023 rate showed an increase of 1.29% points when compared to the previous month’s which was 22.79%, the National Bureau of Statistics (NBS) said in its Consumer Price Index (CPI) report released on Tuesday. The … [Read more…]
Former U.S. President Donald Trump on Tuesday called an indictment approved by a Fulton County grand jury in the U.S. state of Georgia “rigged”. Mr Trump added that it was deliberately presented in the midst of his political campaign and that the move was a “witch hunt.” On Monday night, the Fulton County grand jury … [Read more…]
The Coalition of Northern Groups (CNG) says the threats by the country’s military leaders to bring charges of treason against the ousted President Mohamed Bazoum or kill him is not the best approach to adopt. Reacting to the announcement by Niger’s military-appointed Prime Minister, CNG, in a statement by its Spokesperson, Abdul-Azeez Suleiman, said it … [Read more…]
The Federal Government has applied to withdraw the “illegal possession of firearms” case it filed against the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, at the Federal High Court sitting in Lagos. The Director of Public Prosecutions (DPP) at the Federal Ministry of Justice, Mohammed Abubakar, in an oral application, told Justice Nicholas … [Read more…]
Following the tumbling of the naira at the parallel market in recent times, the Central Bank of Nigeria has started introducing foreign exchange intervention measures aimed at clamping down on currency speculators in the foreign exchange markets. Acting Governor of the CBN, Folashodun Shonubi, made the disclosure to State House correspondents on Monday at the … [Read more…]
The Nigerian National Petroleum Company Limited has eventually spoken up as regards the widespread concern of a possible hike in the pump price of Premium Motor Spirit, popularly called petrol. In a post by the company, posted around 11:48pm on Monday on its official X (formerly Twitter) handle, the national oil firm and major importer … [Read more…]
…relief materials will be equitably distributed to victims – ALGON Chairman The Government of Enugu State has donated relief materials worth over ₦80 million to victims of flood and other disasters in the state stressing that the relief materials would not only serve as succour but would also help the affected persons to settle down … [Read more…]
Leading opposition party in Imo State, the Peoples Democratic Party (PDP) said Governor Hope Uzodimma and the ruling All Progressives Congress (APC) have nothing to campaign with because they have not fulfilled their promises. Director general of Imo PDP New Media, Lancelot Obiaku, in a statement, said despite promises of reconstruction, rehabilitation, and recovery (3-R), … [Read more…]
A Nigerian Air Force MI-171 Helicopter on a casualty evacuation mission crashed on Monday near Chukuba Village in Niger State. NAF spokesman, Edward Gabkwet, confirmed the accident in a statement. The accident happened at about 1pm and the number of persons onboard or their state were unknown as of press time. “The aircraft had departed … [Read more…]
Elon Musk “isn’t serious” about holding a cage fight and “it’s time to move on”, Mark Zuckerberg has said. In a post on his social media site Threads, the Meta boss said he had offered Mr Musk “a real date” but the rival entrepreneur had made excuses. Mr Musk had earlier on Sunday suggested on … [Read more…]
The National Board for Technical Education has unveiled an online top-up programme for Higher National Diploma holders to convert their certification to Bachelor’s Degree through online top-up for one year, with foreign accredited universities. The board disclosed this in a statement made available to newsmen in Abuja on Monday by its Head of Media Unit, … [Read more…]
The Defence Headquarters today vehemently refuted circulating social media claims suggesting that the Armed Forces of Nigeria (AFN) had been approached with a request to change the nation’s leadership. In a statement released earlier, the Defence Headquarters emphasized that at no point in time did the AFN receive, entertain, or make any such declaration to … [Read more…]