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Inflation Rate Spikes to 25.08% over High Food Prices Supported by high food prices in the market, Nigeria’s headline inflation rate spiked by 172 basis points to 25.80% in August 2023, the National Bureau of Statistics (NBS) said in a report released on Friday. In August 2023, the headline inflation rate increased to 25.80% from […]

Nigeria’s Debt Rises to N87.4trn, External Debt 38% Following a decision to securitise overdraft obtained from the Central Bank, Nigeria’s total public debt has increased strongly to about N87.4 trillion. In its latest update, the Debt Management Office (DMO) puts Nigeria’s total public debt at N87.38 trillion at the end of the second quarter of […]Read More

Nigeria, South Africa Sign Landmark Regulatory Deal on Aviation Security, Safety The Nigeria Civil Aviation Authority (NCAA) and the South African Civil Aviation Authority (SACAA) have signed a landmark deal to achieve unified civil aviation regulation in Africa. The two civil aviation authorities signed the agreement during the African Aviation Summit in Abuja on Thursday. […]

The presidential candidate of the Labour Party in the 2023 elections, Peter Obi, says Nigeria is “gradually losing one of the biggest intangible assets that make a nation strong, which is respect for the rule of law”. In a statement he posted on his X handle in celebration of International Democracy Day on Friday, Obi […]

The French ambassador to Niger and other French diplomats are “literally being held hostage at the French embassy.” The French president, Emmanuel Macron, said so today, Friday, September 15. He was speaking to journalists during a visit to the Côte D’Or region in France on Friday. Macron said that “food was prevented from being delivered” […]

he Kano State Governor, Abba Yusuf, has sacked the Commissioner for Lands and Physical Planning, Adamu Kibiya, for issuing death threats to the tribunal judges hearing the governorship election petitions in the state. Similarly, the governor also sacked the Special Adviser on Youths and Sports, Yusuf Imam, for making unguarded statements against the person of […]

The Vice-Chancellor of the University of Calabar (UNICAL), Prof. Florence Obi, has affirmed the university’s resolve to stay focused on the ongoing investigation into sexual harassment allegations against a law faculty professor, despite recent controversies. Addressing the media on Friday, Prof. Obi referenced the leaked audio of Women’s Affairs Minister Uju Kennedy allegedly intimidating student […]

A United Arab Emirates (UAE) official has contradicted the claim by the Nigerian government that it has lifted the visa ban imposed on Nigerian travellers. According to CNN, the official from the Gulf state disclosed this in a chat. “There are no changes on the Nigeria/UAE travel status so far,” the source asked not to […]

The federal government has decided to review financial management policies such as the Integrated Payroll and Personnel Information System (IPPIS) and Government Integrated Financial Management System (GIFMIS) among others. It has also resolved to provide a timely and consistent flow of funds to the Ministries Departments and Agencies (MDAs) as well as the three levels […]

The Labour Party (LP) Chairmanship Candidate for Oredo in the September 2, 2023 local government election in Edo State, Daniel Ero, has petitioned the Chief Judge of the State urging him to comply with provisions of Edo Electoral Law in setting up a Local Government Election Tribunal. In a letter addressed to Hon. Justice D. […]

President Bola Tinubu has nominated Dr. Olayemi Michael Cardoso as the new Governor of the Central Bank of Nigeria (CBN). The nomination is for a term of five years at the first instance, pending his confirmation by the Senate. A statement by his spokesman Chief Ajuri Ngelale explained the directive is in conformity with Section […]

The Minister of the Federal Capital Territory (FCT) Barr. Nyesom Wike on Friday revealed plans to partner with Nasarawa State government on security and Infrastructural development. Wike gave this revelation while playing host to Nasarawa State Governor, Engr. Abdullahi Sule on Friday in Abuja. He, however, attributed the past challenges faced by the FCT to […]