Nigeria poverty rate
22 Jan
In the last few months, there have been talks about rebasing the two important economic indicators, the Gross Domestic Product (GDP) and the Consumer Price Index (CPI). While the GDP calculates the value of all goods and services in the economy within a year, the CPI calculates the average change in prices over time that…
26 Feb 2024
The Nigerian government on Monday said unemployed young people will be paid a monthly stipend to cushion the effect of economic hardship. Nigeria's minister for economy Wale Edun disclosed this on Monday after the weekly federal executive council meeting chaired by President Bola Tinubu in Abuja. Edun said the approval by President Tinubu was to…
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9 mins ago
Gov. Babagana Zulum of Borno on Monday inaugurated an International Cattle Market in Banki as part of his administration’s economic recovery efforts in the state. “This market now serves as a vital hub for trade between Borno State, the Far North Region of Cameroon, and Chad,” the governor said at the inauguration in Banki Town.…
19 mins ago
The Central Bank of Nigeria (CBN) reported that the PMI index reached 51.0 in December 2024, marking a significant rebound after a period of economic contraction that had persisted for several months. The last report put the PMI at 48.9 as of November last year. PMI serves as a barometer of the prevailing direction…
19 mins ago
FilmOne, a movie distribution company, disclosed this through its instagram page, @filmoneng, on Monday. While Akindele bagged the first highest grossing lead actress for her film “Everybody Loves Jenifa”, Wunmi Toriola came second for her film, ‘Queen Lateefah.” Toyin Abraham clinched the third highest grossing lead actress with her movie , “Alakada Bad and Boujee”.…
33 mins ago
Dr. Kenton Dashiell, Deputy Director-General, International Institute for Tropical Agriculture (IITA), on Monday, said that women need the right mentorship and training to succeed in agriculture in Nigeria. Dashiell stated this in Ibadan at a stakeholders’ workshop for Women in Agricultural Technical Education and Apprenticeship (WATEA) in Nigeria. The workshop was organized by IITA and…
33 mins ago
Amid growing concerns about energy transition and divestment by major oil companies, Nigeria has sealed a deal with the University of Portsmouth, United Kingdom, aiming to boost local capacity. The deal was signed by the Petroleum Technology Development Fund (PTDF), College of Petroleum and Energy Studies Kaduna (CPESK), and the University of Portsmouth, and held…
40 mins ago
The Nineteen Seventeen Northern Consensus Movement (NSNCM) has announced the peaceful resolution of a land dispute in Ama-Hausa, Owerri, Imo State, involving the Hausa community and their traditional leader, the Sarkin Hausawa of Owerri, Alhaji Auwalu Baba Sulaiman. The group, comprising a coalition of 596 registered grassroots community-based socio-cultural and economic associations spanning the 19…
40 mins ago
Kwara State Governor, Abdulrahman Abdulrazaq, has approved the naming of some projects after historic figures and leaders. Top on the list is the First Lady of Nigeria, Sen. Oluremi Tinubu, after whom the multibillion-naira Civil Service Clinic project is to be named. A statement by the Chief Press Secretary (CPS) to the governor, Rafiu…
46 mins ago
The Abuja Investments Company Limited (AICL) has called on diplomats to collaborate with the Nigerian Government to tap into Abuja's investment opportunities. Group Managing Director/Chief Executive Officer of the Company, Dr Maureen Tamuno stated this at a roundtable meeting with some foreign diplomats working in Nigeria. The Group Managing Director (GMD) extended an invitation…
54 mins ago
The National Rescue Movement (NRM), on Monday, announced the suspension of its National Chairman, Isaac Udeh, amid allegations of misconduct, financial impropriety, and breach of the party's constitution, and appointed Chinedu Obi as the Acting National Chairman. This decision was disclosed by the Acting National Secretary of NRM, Prince Obidike Okolo, during the party’s first-quarter…
55 mins ago
President of the Senate, Senator Godswill Akpabio, has condemned the recurring trend of bureaucrats within the National Assembly extending their stay in office beyond their statutory years of service. He urged the National Assembly Service Commission (NASC) to act decisively in upholding the rules governing tenure and retirement. Akpabio made these remarks during a courtesy…