Foreign inflow
30 Aug
Nigeria’s foreign capital Inflow fell to $770 million in April 2024, indicating a drop of 57.22 per cent from the $1.80 billion recorded in March 2024. The April 2024 Monthly Economic Report published by the Central Bank of Nigeria
Latest
6 mins ago
Former Nigerian President Olusegun Obasanjo and his deputy, Atiku Abubakar, will headline the events celebrating the 80th birthday of renowned economist and journalist Onyema Ugochukwu. Obasanjo and Atiku, who led the nation from 1999 to 2007, recognize Ugochukwu's significant contributions during their administration, where he held various important roles. Other state governors and dignitaries will…
16 mins ago
The Nigerian Communications Commission (NCC) has stressed the need to address consumer concerns over data depletion and billing transparency amid growing data consumption, fueled by digital advancements. According to the commission, Nigerians spend an average of 4 hours and 20 minutes on social media daily, far above the global average and underscoring how deeply embedded…
22 mins ago
Leaders of the Peoples Democratic Party (PDP) rose from a meeting in Abuja on Thursday and resolved to urgently identify and find quick solutions to the party’s challenges. At the inauguration of the Board of Trustees of the academic unit of the party, the Peoples Democratic Institute (PDI), the leaders urged all stakeholders to sacrifice…
44 mins ago
Medical activities at Murtala Muhammed Specialist Hospital resumed this evening following the suspension of the industrial action embarked upon by the Nigerian Medical Association (NMA). The medical doctors announced the suspension Thursday evening after meeting with Governor Abba Kabir Yusuf at the Government House, where the controversy between the union and the Kano commissioner was…
48 mins ago
The Nigerian National Petroleum Company Limited (NNPC Ltd) has distanced itself from the video clip of someone pouring a dark liquid, which he claims to be Premium Motor Spirit (PMS), purportedly bought from an NNPC Retail outlet at Keffi Flyover. Chief Corporate Communications Officer of NNPC Ltd, Mr. Olufemi Soneye, in a terse statement in…
55 mins ago
• Installs Aidonogie, Umoru, South-Ibie Kingdom Edo State Governor, Mr. Godwin Obaseki, has finally presented staff of office to the newly crowned Aidonogie of South-Ibie Kingdom, Etsako West Local Government Area, Edo State, Umoru Inusa Umoru, a development that has restored peace to the community after over 25 years of legal tussle by two…
56 mins ago
The Northern Awareness Network (NAN) has criticised the Zamfara State government’s recent attempt to blame former Governor Bello Matawalle for the plight of 93 students stranded in Cyprus. The group dismissed the claims that unpaid fees and poor documentation were responsible for the student's situation, describing them as fabricated and aimed at deflecting responsibility from…
1 hour ago
The Oyo State Commissioner for Information and Orientation, Dotun Oyelade, on Thursday, said two officers of the Oyo State Road Traffic Management Authority (OYRTMA), Oyedepo Samuel and Waheed Quadri, were assaulted by tricycle riders and hoodlums in Ibadan while performing their duties. According to Oyelade, the officers sustained severe injuries after they were attacked with…
1 hour ago
A police officer attached to the Mopol 20 Division has died in an accident that occurred at the Kara Bridge inward Berger, Lagos State. A Volvo truck, registration number FKJ 484 YA, laden with goods headed inward Arepo, a Toyota Hi-Ace bus, registration number BWR 371 XC, and a Mercedes bus, registration number unknown, were…
1 hour ago
The Transmission Company of Nigeria (TCN) has explained that Thursday’s national grid collapse was caused by ongoing repair works in the power sector. The disruption, which occurred around 11:29 AM, was triggered by a sudden rise in frequency from 50.33Hz to 51.44Hz. TCN spokesperson Ndidi Mbah clarified that the issue stemmed from complications at one…