Inflation rate
19 Dec
President Bola Ahmed Tinubu, yesterday, presented what he described as an “ambitious but pragmatic” budget of N49.7 trillion to the joint session of the National Assembly, setting the stage for intense debate on its practicality and feasibility of the key assumptions.
16 Dec
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 2024
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 2024
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.
Latest
1 day ago
A Special Anti Cultism Court sitting in Abeokuta, on Wednesday, sentenced a 34-year-old man, Damilare Oyero, to 10 years imprisonment for belonging to a secret society. The Magistrate, Mr O. L. Oke, convicted Oyero on a three-count charge of belonging to an unlawful society, unlawful possession of a wooden axe, and unlawfull conduct causing breach…
1 day ago
The Attorney-General of the Federation (AGF), Lateef Fagbemi, SAN, and Incorporated Trustees of New Kosol Welfare Initiative have disagreed over the implementation of the proposed expatriates taxation regime. AGF, in his preliminary objection to the plaintiff’s suit, told Justice Inyang Ekwo of a Federal High Court in Abuja that the Incorporated Trustees of New Kosol…
1 day ago
An Abeokuta Magistrate’s Court has adjourned the case against popular Musician Habeeb Okikiola a.k.a Portable, to March 26 to enable the prosecution merge his charges with those of his workers. When the case against the artist resumed on Wednesday after his earlier arraignment on Feb. 20, the prosecution told the court that it would be…
1 day ago
The Anambra State Police Command on Wednesday arraigned a 72-year-old doctor and two women for allegedly stealing and selling children. The defdndants appeared before the state’s Children, Sexual and Gender-based Violence Offences Court in Awka. The defendants are Dr Daniel Ikebuilo, Ifunanya Ogbonna, 24, and Odinaka Okorie, 27. They were arraigned on five counts bordering…
1 day ago
Mr Wemimo Akinsola, Senior Special Assistant (SSA) to Ondo State Governor on Agriculture and Agribusiness, on Wednesday met with farmers aimed at boosting food production in the state. Akinsola, while addressing the farmers in Akure, said the meeting was part of government efforts toward the development of the agricultural sector. He reiterated the state government’s…
1 day ago
The Director of Prisons, Legal Aids Council, Olise Chukwuma, has reiterated the council’s commitment to providing legal representation for inmates lacking representation, in a bid to ensure that justice was served. Chukwuma made the commitment on Wednesday in Abuja during the second public hearing on alleged corruption and other violations of the law against Nigeria…
1 day ago
The Nigeria Security and Civil Defence Corps (NSCDC) is to commence recruitment of qualified Nigerian youth into the corps in 2025. NSCDC Commandant-General, Ahmed Audi said this while inaugurating the NSCDC Bwari Divisional office on Wednesday in Abuja. Audi said that the Corps had gotten approval to commence the recruitment of employable Nigerians into the…
1 day ago
A Benin High Court on Wednesday sentenced one Emmanuel Esene, 24, to two years in prison for Internet fraud. The Presiding Judge, Justice Williams Aziegbemhin, also ordered that he should forfeit one IPhone 14 pro max, the instrument with which he committed the crime to the Federal Government. The judge said he should also forfeit…
1 day ago
The Police Command in the Federal Capital Territory (FCT) said it has neutralised 16 suspected kidnappers and armed robbers and also arrested 300 suspects over criminal offences in two months. The Commissioner of Police (CP) in charge of the FCT, Mr Olatunji Disu, said this during a media briefing in Abuja on Wednesday. Disu said…
1 day ago
The Nigerian Red Cross Society (NRCS) is urgently appealing for greater local support as it faces a severe funding crisis. It said with sustained financial backing from federal, state, and local governments reducing, the organisation had been left heavily reliant on foreign aid to carry out its vital humanitarian work. Mr Oluyemisi Adeaga, President of…