According to data released on Monday by the National Bureau of Statistics, Nigeria’s headline inflation rate has continued its upward trend, reaching 22.79 percent in June 2023. This marks the sixth consecutive acceleration in inflation, indicating a persistent rise in the general price level of goods and services across the country. The inflation rate in Africa’s biggest economy rose to a new 17-year high of 22.79 per cent in June 2023 from 22.41 per cent in the previous month. The NBS report read, “In June 2023, the Headline inflation rate rose to 22.79 per cent relative to May 2023 headline…
Author: Editor Francis
Nigerian Army’s 192 Battalion Personnel Apprehend Two Suspected Smugglers with Ammunition-Laden Truck in Ogun State Onyema Nwachukwu, army spokesperson, in a statement on Monday afternoon, said the suspects were arrested on Saturday. He said they were conveying the smuggled ammunition to Anambra before running into a stop-and-search cordon mounted by the army in Ogun. Recall that there has been uproar in Anambra state and most especially the South Eastern part of Nigeria.
Presently, the All Progressives Congress (APC), Deputy National Chairman (North), Abubakar Kyari, is chairing a meeting of the party’s National Working Committee (NWC). The development came hours after Abdullahi Adamu, national chairman of the party, resigned from office. When contacted About his resignation, Adamu said he is not talking until President Tinubu returned to Nigeria from his African leaders meeting. Emma Enukwu, deputy national chairman (South); Issacs Kekemeke, vice-chairman South-West; Salihu Lukman, vice-chairman North-West; and Festus Fuanter, deputy national legal secretary; are among those attending the meeting at the party’s headquarters on Monday. There is heavy presence of security personnel…
Vice President Kashim Shettima has announced that the administration of President Bola Ahmed Tinubu will soon reveal its agenda to tackle insecurity and poverty, particularly in the Northern region. He made this statement while addressing reporters during a condolence visit to Kano State. He noted that the security situation in the Northwest would have to be addressed through carrot and stick approach. Shettima, who was accompanied by Deputy Senate President Barau Jibrin, among others, was in Kano to commiserate with the government and people of the state on the passing of elder statesman, Alhaji Abubakar Imam Galadanci. A statement by…
Strong indications suggest that the Federal Government is contemplating the request from power distribution companies to review their tariff. The government’s spending on electricity subsidy has surged to N2.8 trillion, prompting considerations for potential changes in the tariff structure. According to a new report released by the Nigerian Electricity Regulatory Commission and made available to the press on Sunday, it revealed that previous increases in electricity tariffs by Distribution Companies (Discos), resulted in the government avoiding an additional N1trn subsidy payment to power companies every year. The July 2023 NERC report was titled, ‘Overview of the Nigeria Electricity Supply Industry.’…
Let us abreast you that; APC chairman, Senator Abdullahi Adamu has resigned as the National chairman of the party. According to unfolding information, Adamu resigned based on the President’s instructions. Omisore is also to follow suite. Adamu resigned a few minutes ago on the orders of President Bola Ahmed Tinubu,” the sources disclose Details coming soon
Federal Government confirms 9,000 licensed retail outlets fit for Co-Location of autogas fuel nationwide as part of efforts to cushion effects of subsidy removal. Autogas or LPG is liquefied petroleum gas (LPG), used as a fuel in internal combustion engines in vehicles as well as in stationary applications such as generators.
Accountant-General of the Federation (AGF) Holds Meeting with Service Providers, Urges for Lasting Resolution of IPPIS Glitches Dr. Oluwatoyin Madein, the Accountant-General of the Federation, has issued a directive to IPPIS service providers, urging them to make diligent efforts in permanently resolving all glitches and challenges present in the payroll platform. She handed down the charge at a meeting with IPPIS service providers in Abuja. As part of its strategy to find lasting solutions to the issues and challenges in the operations of the Integrated Payroll and Personnel Information System (IPPIS), the Office of the Accountant General of the Federation…
The Wema bank of Nigeria has announced its resumption of international transactions on Naira cards putting the pin at five hundred dollars. An international transaction refers to a commercial agreement or financial operation that takes place across national borders and necessitates settlement using a foreign currency In a letter addressed to its customers for press, the bank declared the end of the suspension on international transactions conducted through naira cards. Worthy of note was the previous prohibition of Naira cards by commercial banks in Nigeria for international ATM cash withdrawals, web and POS transactions, implying that cardholders cannot make cash…
The Season eight edition of Nigerian Idol is reaching its conclusion this Sunday, and the event promises to be spectacular with performances by four renowned Nigerian artists. Simi, Fave, Johnny Drille, and the winner of season seven, Progress, are all scheduled to take the stage. The News Agency of Nigeria has a report on this exciting lineup. Info Digital Africa, a media consultant to MultiChoice Nigeria, disclosed this in a statement issued in Lagos. The grand finale will be aired on Africa Magic Family, Urban, and Showcase at 7.00 p.m WAT. “Sunday’s live show will feature performances from some of…
The Ohanaeze Ndigbo, the apex Igbo socio-cultural organisation, has expressed that the tension in the South-Eastern part of the country could be resolved if the leader of the proscribed Indigenous People of Biafra, Nnamdi Kanu, is released. Recently, there has been a development in the case of Nnamdplppppi Kanu, the leader of the proscribed Indigenous People of Biafra (IPOB). A few days ago, Kanu’s fundamental rights enforcement suit, which he filed to address alleged inhuman treatment in detention by the Department of State Security Services, was dismissed by the court. This dismissal has come under scrutiny, and the Ohanaeze Ndigbo,…
The Department of State Services (DSS), has released the Senator representing Zamfara West and former governor of the state, Abdulaziz Yari Recall that Yari, who contested for the position of Senate President, visited the office of the DSS last month and was detained thereafter. The purpose of detaining and quizzing Senator Yari remains unclear yet.