AGS NEWS – Nigeria’s inflation rate is expected to decline to 27.1% by the end of 2025, according to the NESG-Stanbic IBTC Business Confidence Monitor report. The projection suggests that ongoing structural reforms are beginning to yield results despite lingering … Continue reading Inflation may drop to 27% by December – Report
AGS NEWS – The usage of artificial intelligence (AI) among knowledge workers jumped to 66% in 2024, up from 38% in 2023, according to the second annual HP Work Relationship Index. The report, obtained by AGS NEWS, found that AI … Continue reading Workers’ AI usage surges by 66% – Report
AGS NEWS – Crude oil exports contributed N14.56 billion, or 74.98% of Nigeria’s total exports in the second quarter of 2024, according to the National Bureau of Statistics (NBS). The NBS report, released Wednesday, revealed that the country’s total merchandise … Continue reading Crude oil contributed N14.56bn to Nigeria’s exports in Q2 – Report
AGS NEWS – The Nigerian stock market recorded a total domestic transaction value of N2.5 trillion in the first half of the year, according to the Nigerian Exchange Limited’s latest report. This highlights the growing dominance of local investors, who … Continue reading Local investors drive N2.5tn transactions in Nigerian stock market– Report
AGS NEWS – In one year, 3,173 Nigerian-trained nurses and midwives received licenses to practice in the United Kingdom, according to the latest report from the Nursing and Midwifery Council (NMC). The data, covering April 1, 2023, to March 31, … Continue reading 3,173 Nigerian nurses, midwives moved to UK in one year – Report
AGS NEWS – Britain’s economic output grew more than expected in May, official data revealed Thursday, providing an early boost to the newly-elected Labour government. The Office for National Statistics reported that GDP growth was 0.4 percent in May, compared … Continue reading UK economy sees unexpected growth in May – Report
AGS NEWS – A recent report by Boston Consulting Group and The Network reveals that nearly two-thirds of Nigerian professionals and three-quarters of Ghanaian professionals are open to working abroad. The “Decoding Global Talent 2024” report, which surveyed over 150,000 … Continue reading Japa: Two-thirds Nigerian professionals willing to work abroad, says report
AGS NEWS – The autopsy report on Nigerian singer Ilerioluwa Aloba, known as Mohbad, indicates that a drug reaction might have caused his death. Conducted at Lagos State University Teaching Hospital, the autopsy suggested a possible fatal anaphylactic shock or … Continue reading Autopsy suggests drug reaction as potential cause of Mohbad’s death – Report
AGS NEWS – In the first three months of 2024, 30 state governments in Nigeria spent N986.64 billion on recurrent expenditures, which included refreshments, sitting allowances, travel expenses, and utilities. This information was derived from budget implementation reports on Open … Continue reading 30 governors spent not less than N968bn on refreshments, others in three months – Report
AGS NEWS – The National Bureau of Statistics (NBS) has revealed that the Nigerian Railway Corporation (NRC) amassed N1.07 billion in passenger revenue during the fourth quarter of 2023. The NBS Rail Transportation Data for Q4 2023, released in Abuja … Continue reading NRC’s fourth quarter 2023 revenue hits N1.07bn – NBS report
The recent tragic drone strike in Tudun Biri, Igabi Local Government Area of Kaduna State, has intensified concerns over civilian casualties caused by Nigerian security agencies in the fight against insurgents and bandits. The incident, which occurred last week, resulted … Continue reading Nigerian military kills over 400 innocent citizens in six years – Report
The Lagos State Police Command has revealed that the autopsy report for the late singer, Ilerioluwa Aloba, popularly known as Mohbad, conducted two months ago, has not yet been officially received by the police. Today marks two months since the … Continue reading Mohbad’s autopsy report not with us yet – Police
A recent report has raised alarm bells regarding Nigeria’s central bank digital currency, eNaira, despite its success in addressing the country’s financial inclusion gap. Launched nearly two years ago, eNaira has made strides, but the report, titled “Economics of Digital … Continue reading CBN report warns of financial stability threat from eNaira
A drug dealer found himself in an ironic predicament when he decided to report a theft of his narcotics to the police, only to be arrested and charged with possession with intent to supply. The unusual turn of events occurred … Continue reading Drug dealer arrested after he called police to report that his narcotics had been stolen
The Pharmaceutical Manufacturing Group of the Manufacturers Association of Nigeria has revealed that pharmaceutical products in the country have surged in price by a staggering 300 percent. This dramatic increase in costs, according to the group, can be attributed to … Continue reading Manufacturers report soaring drug prices with a 300% surge
A recent report from the Treasury Inspector General for Tax Administration has revealed that the Internal Revenue Service (IRS) is unable to locate numerous microfilm cartridges containing sensitive tax records for both businesses and individuals. These records, if accessed by … Continue reading Watchdog Report: IRS unable to locate millions of backup tax records
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