Inflation rate
7 hours ago
The National Bureau of Statistics (NBS) reported Nigeria’s headline inflation rate rose to 34.60 per cent in November 2024, a 0.72 percentage point increase from October’s 33.88 per cent. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for November, which was released in Abuja on Monday. On a year-on-year basis,…
17 Sep
Though the inflation rate slowed to 32.15 per cent in August, stakeholders believe it is not yet over, going by new triggers like the recent spike in fuel price, depreciation of the naira and flood in many food-producing states.
15 Apr
Nigeria's inflation rate has surged to 33.20% in March 2024, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). NBS on Monday said that the March 2024 headline inflation rate showed an increase of 1.50% points when compared to the February 2024 headline inflation rate. “On a…
31 Mar
Tope Ogundipe is a teacher in a private school in Lagos, but earns N30,000 monthly. As part of cutting cost before now, she shares a room apartment with two of her colleagues to share bills, but since the removal of fuel subsidy and devaluation of naira, it has even become more tough meeting her daily needs including taking her one square meal.
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20 mins ago
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29 mins ago
The Federal Executive Council (FEC) on Monday approved the 2025 budget proposal. The Minister of Budget and Economic Planning, Senator Atiku Bagudu, disclosed this while briefing newsmen after the council meeting presided over by President Bola Tinubu at the Presidential Villa, Abuja. The minister explained that the 2025 framework was based on an oil…
1 hour ago
The Federal Competition and Consumer Protection Commission (FCCPC) has rejected Coca-Cola Nigeria Limited’s (CCNL) appeal against the N186 million fine imposed for its labelling and marketing practices, among other issues. This was revealed in the commission’s written reply to the amended appeal, as posted by the FCCPC on its official X account on Monday. It…
1 hour ago
The Federal Road Safety Corps (FRSC) has deployed its entire workforce, including Special Marshals to the highways to ensure hitch-free movement as commuters travel from one destination to another across the nation. FRSC Public Educational Officer, Olusegun Ogungbemide, who disclosed this on Monday in Abuja added that the Corps achieved this through effective and efficient…
1 hour ago
Speaker of the House of Representatives, Rep. Tajudeen Abbas, on Monday, announced a new Standing Committee on Peace-building and Social Cohesion to promote non-kinetic strategies against insecurity. Abbas made the announcement at the opening of a two-day workshop on “Non-Kinetic Strategies to Combat Insecurity and Terrorism in Nigeria," organised for security-based committees in Abuja. He…
2 hours ago
Ogun State Government said it has begun chartered flights operation at the state-owned Agro-Cargo International Airport located at the Iperu-Ilishan Road in Ikenne Local Government Area (LGA) of the state. The state government said it awaits the approval of the Nigerian Civil Aviation Authority (NCAA) to begin commercial operations of the cargo airport. The Commissioner…