In a press conference held on Thursday, Annett Günther, the German Ambassador to Nigeria, revealed that the trade volumes between Germany and Nigeria soared to €3 billion in 2022. This impressive figure highlights the robust economic ties between the two … Continue reading German-Nigerian trade hits €3 billion in 2022
The Senate issued a warning to President Bola Tinubu regarding potential illegal spending. They strongly advised him to pursue a supplementary budget for the implementation of the Compressed Natural Gas (CNG) initiative. This call came from the Senate’s Committee on … Continue reading Senate rejects CBN loans, issues warning to Tinubu
The Resident Representative of the International Monetary Fund (IMF) for Nigeria, Ari Aisen, has emphasized that lower inflation rates and a more predictable exchange rate are key factors that can attract increased investments into the country. During his appearance on … Continue reading IMF highlights lower inflation and stable exchange rates
Bauchi State Governor, Bala Mohammed, has sounded the alarm over the escalating bandit attacks within his state, highlighting the nation’s looming existential crisis. To spur President Bola Tinubu and his security apparatus into action, the United States government has issued … Continue reading Fresh US travel advisory highlights growing insecurity in Nigeria
During a visit to the National Control Centre of the Transmission Company of Nigeria in Osogbo, Minister of Power, Bayo Adelabu, outlined the Federal Government’s goals to significantly increase electricity generation in Nigeria. Adelabu expressed the government’s aspiration to generate … Continue reading Nigeria sets target to reach 20,000 megawatts of electricity by 2026
President Bola Tinubu has stressed the global significance of Nigeria, warning that neglecting the country would have dire consequences for the entire world. During a meeting with United Nations Secretary-General António Guterres at the UN Headquarters Office in New York … Continue reading Tinubu urges world leaders not to overlook Nigeria’s significance
Nigeria’s raw material exports have taken a substantial hit, with a year-on-year decline of N285 billion. The Manufacturers Association of Nigeria has attributed this significant drop to the government’s apparent neglect of the productive sector, calling attention to the consequences … Continue reading Government neglect blamed for N285 billion decline in raw material exports – MAN
In a show of unity and determination, hundreds of youths in Akure, the capital of Ondo State, organized a protest to demand justice for the late Nigerian artist, Promise Oladimeji Aloba, popularly known as MohBad-Imole. Clad in black attire, these … Continue reading Ondo youths march in protest, demanding justice for MohBad’s death
Nigeria is grappling with a severe economic shock as its inflation rate surged to 25.80% in August, marking the highest level since August 2005, according to data from the National Bureau of Statistics. This inflationary trend has been steadily climbing … Continue reading Nigeria’s economy under threat as inflation soars to 25.80%
The Nigeria Labour Congress (NLC) has expressed its frustration with the Federal Government’s perceived lack of effort to address their demands in the wake of economic challenges following the removal of fuel subsidies. Following a meeting on Monday that ended … Continue reading NLC frustrated by FG’s lack of effort on CNG buses and cash transfers
US Treasury Deputy Secretary Wally Adeyemo, during a forum with business leaders in Lagos, addressed the pressing economic challenges facing Nigeria, emphasizing that there are no easy or quick fixes. He underscored the importance of addressing these issues collaboratively, with … Continue reading There’s no easy way for Nigeria to overcome its challenges – US
In the first half of the 2023 financial period, eight major Deposit Money Banks (DMBs) in Nigeria collectively generated approximately N3.9 trillion in gross earnings. This information has been extracted from the financial statements of these banks, which were made … Continue reading Six banks in Nigeria report N3.9 trillion earnings in six months
Dangote Industries Limited has reiterated its unwavering commitment to providing employment opportunities for the Nigerian populace. In an official statement, the conglomerate emphasized its ongoing investments in critical sectors of the economy aimed at fostering job creation and bolstering quality … Continue reading Dangote reaffirms dedication to job creation in Nigeria
According to the Consumer Price Index report for August 2023, released by the National Bureau of Statistics on Friday, Nigeria’s inflation has surged to 25.80%, marking a significant increase of 1.72% points compared to the previous month’s figure of 24.08%. … Continue reading Nigeria’s inflation hits 25.80% in August
Lagos State Governor, Mr. Babajide Sanwo-Olu, administered the oath of office to 38 commissioners and special advisers during a ceremony at the Adeyemi Bero Auditorium in Alausa, Ikeja, signaling the commencement of his second term in office. After a series … Continue reading Sanwo-Olu inaugurates 38 commissioners and special advisers
Hon. Tolulope Akande-Sadipe, the House of Representatives member representing Oluyole Federal Constituency in Oyo State, has refuted claims of inflating the contract sum for a road rehabilitation project within her constituency. This comes in response to media reports alleging her … Continue reading Oyo representative denies inflating road project contract cost from N9bn to N54bn
Nigerian skit creator and content producer, Oderhwo Joseph Efe, popularly known as Carter Efe, has firmly pushed back against criticism suggesting that his skits lack humor. In a recent appearance as a guest on Cool FM Nigeria’s Big Friday Show, … Continue reading Carter Efe brags about being the ‘Funniest Comedian in Nigeria’
In a significant development for maritime security in the region, the Royal Navy warship, HMS Trent, made its arrival in Lagos on Sunday, September 10, with a mission to combat illegal activities such as piracy and illicit trafficking. The British … Continue reading UK warship arrives in Nigeria to enhance maritime security
Vice President Kashim Shettima has revealed that Nigeria needs a staggering N21 trillion to effectively address its housing deficit, despite the combined efforts of all levels of government. Shettima made this disclosure during the groundbreaking ceremony for a 500-unit housing … Continue reading Nigeria requires N21 trillion to address housing deficit – Shettima
Osita Chidoka, a former Minister of Aviation and a prominent member of the Peoples Democratic Party (PDP), has criticized the Independent National Electoral Commission (INEC) for its handling of the 2023 presidential election. Chidoka’s criticism stems from the legal challenges … Continue reading Osita Chidoka slams INEC as ‘Monumental Disgrace’ to Nigeria
President Bola Tinubu, speaking at the 18th G20 Leaders’ Summit in New Delhi, India, affirmed Nigeria’s commitment to playing a significant role within the G20 and contributing to the creation of a fairer and more equitable global order. The President … Continue reading Nigeria ready to play vital role in G20 – Tinubu tells world leaders
The spouse of the Governor of Ekiti State, Dr. Olayemi Oyebanji, has expressed her strong disapproval of the tragic killing of Miss Deborah Modupe Atanda, a female student at the Federal University, Oye Ekiti (FUOYE). She extended her condolences to … Continue reading Ekiti first lady condemns tragic killing of FUOYE student
Eradicating poverty in Nigeria has the potential to reduce the country’s insecurity by more than 50%, according to Betta Edu, the Minister of Humanitarian Affairs and Poverty Alleviation. She made this statement during a visit to the Chief of Air … Continue reading Eradicating poverty by over 50% will drastically reduce insecurity – FG
Estimates from data released by the National Oil Spill Detection and Response Agency (NOSDRA) indicate that Nigeria incurred losses of approximately N335 million due to oil spills between January and August 2023. During this period, NOSDRA recorded a total of … Continue reading Oil spills cost Nigerian government N335 million – Report
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has issued a stern warning, stating that it may withdraw all its members from offices and field locations in response to the alleged sale of Eni Nigeria and Nigerian … Continue reading PENGASSAN warns of nationwide shutdown over NAOC and Eni Nigeria sale
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