Nigeria’s headline inflation rate dropped to 23.18% relative to the January 2025 headline inflation rate of 24.48%. This was disclosed by the Nigeria Bureau of Statistics (NBS) in its February 2025 consumer price index (CPI) on Monday. According to NBS, the headline inflation rate showed a decrease of 1.30% compared to the January 2025 headline […]
A chieftain of the New Nigeria Peoples Party (NNPP), Buba Galadima, has described the Social Democratic Party (SDP) as an extension of the ruling All Progressives Congress (APC), questioning the party’s independence. Speaking on The Morning Show on Arise Television on Tuesday, Galadima claimed that the SDP is largely composed of former APC members, […]
The Rivers State Executive has accused the State House of Assembly of obstructing Governor Siminalayi Fubara’s efforts to implement the Supreme Court ruling on the state’s political crisis. Commissioner for Information, Joe Johnson, dismissed claims by the Assembly’s Information Committee Chairman, Enemi Alabo-George, that Fubara was stalling the process. Johnson argued that the Assembly had […]
The ongoing trade war involving the United States, China, and other major economies has fuelled economic uncertainty, leading to significant foreign exchange (forex) outflows from Nigeria. In response, the Central Bank of Nigeria (CBN) intervened by injecting $500 million into the forex market. However, the naira continued to depreciate, falling to N1,600 per dollar in […]
The ongoing price war between the Nigerian National Petroleum Corporation Limited (NNPCL) and Dangote Petroleum Refinery has led to a continuous decline in Premium Motor Spirit (PMS) prices, forcing oil marketers to slash their fuel purchases to minimise losses. The pricing battle began in November 2024 when Dangote Refinery reduced the price of gasoline from […]
Rwanda has officially severed diplomatic relations with Belgium, giving Belgian diplomats 48 hours to leave the country. The decision follows Belgium’s recent move to freeze aid and suspend trade agreements over Rwanda’s alleged involvement in the conflict in the Democratic Republic of Congo (DRC). In a statement, Rwanda’s foreign affairs ministry accused Belgium of persistent […]
Thirteen decades after establishing itself in Nigeria, First Bank of Nigeria Limited, under the leadership of FirstHoldCo Chairman Femi Otedola, is making another bold move. The bank is relocating its corporate headquarters from Marina, Nigeria’s declining financial hub, to Eko Atlantic City—an emerging elite financial district—further cementing its industry dominance. Founded in 1894, before Nigeria […]
Former Vice President Atiku Abubakar, Amnesty International Nigeria, and human rights lawyers have condemned alleged threats directed at a National Youth Service Corps (NYSC) member, Ushie Uguamaye, following her viral video criticizing President Bola Tinubu’s administration over rising economic hardship. Uguamaye, popularly known as #talktoraye on TikTok, gained attention after posting a video expressing dissatisfaction […]
Nigerian music star Ahmed Ololade, popularly known as Asake and his ailing father, Fatai Odunsi have reached truce following their public fallout. Odunsi, who has been battling an illness, had earlier claimed that Asake abandoned him despite his rise to fame. However, in a video shared on Sunday by Mrlilgaga, he confirmed that they have […]
Rivers House of Assembly has served a notice of alleged misconducts on Governor Siminalayi Fubara and his Deputy Prof. Ngozi Odu. The lawmakers claimed the action was in line with the Nigerian Constitution. The notice reads: “In compliance with Section 188 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) and other […]
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