General

The Nigerian Naira is among the worst-performing currencies in sub-Sahara Africa at the end of August 2024. The World Bank disclosed this in its latest edition of Africa’s Pulse report. Report showed that the Naira is at par with the Ethiopian Birr, and South Sudanese Pound in terms of decline in the region. The report […]

The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has unveiled new regulations to simplify the process of obtaining petrol import licences and other operational regulations in the industry into a single document. It stated that previous regulations, administered by the defunct Department of Petroleum Resources concerning midstream and downstream operations, have been

The Federal Government has unveiled a comprehensive plan to provide cash transfers to 20 million poor Nigerians in a move to address poverty and improve living standards. According to Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the social investment program aims to impact 60% of the poorest citizens, directly supporting 20

Adedeji Adeleke, the father of the award-winning superstar, David, popularly called Davido, has revealed what he went through securing the environmental permit for his power plant worth over $2 billion. The billionaire industrialist disclosed this while speaking as a Layperson from the West-Central Africa Division during the Seventh Day Adventist General Conference Annual Council on

Nigeria’s headline inflation rate for September 2024 rose to 32.70 per cent after slowing consecutively in the previous two months of July and August. This was according to the latest Consumer Price Index report from the National Bureau of Statistics. The World Bank projected that Nigeria would experience a further rise in inflation rates in

The Nigerian National Petroleum Company Limited has agreed to sell Premium Motor Spirit (petrol) to members of the Independent Petroleum Marketers Association of Nigeria at N995 per litre. This followed the intervention of the Department of State Services in the controversy between the two parties. The National Vice President of IPMAN, Hammed Fashola, told our

Master Chinaemere Opara, has sued the Federal Ministry of Education, the Joint Admissions and Matriculation Board (JAMB) and the National Universities Commission (NUC) over the introduction of the new admission policy. Opara, a 15-year-old Senior Secondary School (SSS) Student, filed the suit through his guardian, Mr Maxwell Opara, his father and a lawyer, at the

The national electricity grid collapsed again on Tuesday morning, following Monday’s earlier failure. On Monday, the grid collapsed at about 6:18 p.m., plunging many into darkness. Checks by our correspondent confirmed that power generation dropped from 3.87 gigawatts at 5 p.m. to 3.56GW at 6 pm., and then to 0.00GW by 7 pm. and 8 pm.

The World Bank has stated that Nigeria must maintain its ongoing economic reforms for the next 10 to 15 years to establish itself as a leading economic power, not only in sub-Saharan Africa but also on the global stage. These reforms, according to the bank, are crucial for ensuring sustainable growth and development, allowing Nigeria

The Federal Government has expressed concern over the increasing adoption of “foreign attitudes” among Nigerian children, attributed to their exposure to foreign cartoons. The Director-General of the National Orientation Agency (NOA), Lanre Onilu, disclosed this in Bauchi on Friday during the launch of the campaign to promote the National Anthem and the National Value Charter.