Inflation
7 Feb
The Small-Scale Women Farmers Organisation in Nigeria (SWOFON) has expressed concerns over the 36 percent drop in the proposed 2025 agriculture budget despite the 40 percent food inflation rate. The organisation noted that despite an overall increase in the national budget from N49.7 trillion to N54.2 trillion, the allocation for the Federal Ministry of Agriculture…
7 Feb
The Nigerian Ports Authority (NPA) has increased all port rates and dues from seven per cent to 15 per cent in its first tariff adjustment in 32 years.
6 Feb
The Bank of England was widely expected to cut its key interest rate on Thursday to help support weak British growth even if UK inflation stays elevated.
6 Feb
A study by Rand Merchant Bank (RMB), a member of FirstRand Group, says Nigeria’s gross domestic product (GDP) could slip to 0.8 per cent (a pace not seen since 2021) this year.
1 Feb
Retired soldier Tiamiu Adepegba nostalgically reminisces about the ‘good old days’ when food items were far cheaper. He grew up in an era of relative abundance when his income was enough to cater to his food needs. However, for many in Africa’s most populous country, putting food on the table is becoming rocket science. Rising…
28 Jan
Experts and stakeholders in Nigeria have expressed optimism that the year 2025 will be better for the country in terms of economic growth and outlook. The stakeholders, who gathered at a breakfast meeting organized by the Franco-Nigeria Chamber of Commerce and Industry (FNCCI) in collaboration with United Bank for Africa, said the indices show a…
27 Jan
The World Bank and the International Monetary Fund (IMF) have urged the Federal Government and the Central Bank of Nigeria (CBN), to adopt a coordinated strategy to curb inflation in the country. Nigeria has faced a consistent rise in inflation over the past three years, fueled by the rise in food and energy prices. The…
27 Jan
Trade volume between Nigeria and China in 2024 reduced to about $20 billion, in comparison with $22.6 billion recorded the previous year, the Chinese Ambassador to Nigeria, Yu Dunhai, has said.
27 Jan
Nigeria’s inflation rate was ranked highest in Africa and fourth globally in December 2024, reflecting deteriorating household living conditions and rising poverty, according to Nigeria Economic Summit Group (NESG).
24 Jan
President of the Lagos Chamber of Commerce and Industry (LCCI), Gabriel Idahosa, has said rising debt burdens and limited access to international financing will continue to hinder Nigeria’s economic recovery this year.
23 Jan
Some government workers have lamented the ineffectiveness of the new minimum wage in the face of rising food inflation in the country. The workers disclosed this in separate interviews with the News Agency of Nigeria (NAN) on Thursday in Lagos. NAN reports that the most recent minimum wage increase was signed into law by President…
20 Jan
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has identified inflation as one of the biggest challenges in the efforts to stabilise the Nigerian economy.
Latest
3 mins ago
The police command in Akwa Ibom has neutralised members of a notorious kidnap gang terrorising parts of the state. The Police Public Relations Officer (PPRO), DSP Timfon John, confirmed this in a statement on Monday. John said the gang was responsible for most kidnapping operations in Ikot Ekpene, Essien Udim, and surrounding areas. “Acting on…
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Nollywood actor Babatunde Bernard Tayo, popularly known as Baba Tee, has confessed to a brief sexual encounter with Dara, the wife of comedian and skit maker Ganiyu Morufu, also known as Ijoba Lande. This admission came during a live interview with socialite Esabod and other TikTok users on Sunday, March 9, 2025. Previously, Baba Tee…
14 mins ago
Ultraviolet Microfinance Bank Limited has signed a partnership agreement with the Entrepreneurship Centre for Women Development (ECWD) to empower 10,000 women entrepreneurs in the country. In his opening remarks, Mr. Bayonle Omoyele, MD/CEO of Ultraviolet Microfinance Bank Limited, disclosed that the partnership aims to bridge the gap in financial inclusion and economic empowerment of women,…
15 mins ago
President Donald Trump said Sunday the United States was in talks with four groups interested in acquiring TikTok, with the Chinese-owned app facing an uncertain future in the country. A US law has ordered TikTok to divest from its Chinese owner ByteDance or be banned in the United States. Asked Sunday if there was going…
32 mins ago
The Adamawa State Police Command has arrested three suspects for vandalizing and stealing electrical cables in Bororo Village, Michika Local Government Area. According to the command's spokesperson, SP Suleiman Yahaya Nguroje, the suspects—Emmanuel John (34), Habila Kwaji (21), and Mohammed Garba (28)—were intercepted by a surveillance team from the Michika Divisional Police Headquarters during a…
39 mins ago
The Federal Road Safety Corps (FRSC) in Ogun confirmed that four people died, while nine others sustained injuries in a lone accident on the Lagos-Ibadan Expressway on Sunday. Mrs. Florence Okpe, the spokesperson for the FRSC in Ogun, confirmed the incident in a statement on Monday. According to Okpe, the crash occurred at 8:30 p.m.…
42 mins ago
Anambra State Governor, Chukwuma Soludo, has banned open gospel preaching, citing noise pollution as the primary reason. The ban was announced following the arrest and release of a pastor caught preaching in a marketplace. In a viral video recorded at a market in Onitsha, Soludo confronted the preacher, warning that public preaching contravened state regulations.…
45 mins ago
The Federal Civil Service Commission (FCSC) has extended the deadline for submission of applications for vacancies in the Federal Civil Service to Monday, March 17. The extension replaces the initial deadline of March 10, as earlier advertised in The Sun, Daily Trust, The Nation newspapers, and on the FCSC website (www.fedcivilservice.gov.ng.) Prof. Tunji Olaopa, FCSC…
1 hour ago
Syria's new leader has vowed accountability and an investigation after reports of mass killings of Alawite civilians triggered an international backlash against the worst violence since Bashar al-Assad's overthrow. In its latest toll Monday, the Syrian Observatory for Human Rights war monitor said 973 civilians had perished since March 6 in "killings, field executions and…
1 hour ago
Telecom subscribers in Anambra, Ebonyi and Enugu States have rued the recent increase in telecommunication tariffs by the Federal Government, noting that it was not commensurate with the services provided. The subscribers interviewed in a News Agency of Nigeria (NAN) survey on the impact of the tariff hike in the zone viewed the development as…