Hussaini Kafi in Kano A recent survey conducted by the National Bureau of Statistics (NBS) in collaboration with the World Bank has revealed a stark picture of food insecurity and poverty in Nigeria. The report, titled “General Household Survey-Panel Wave 5,” indicates that a significant portion of Nigerian households are struggling to afford basic food…
The Nigerian Mining and Geosciences Society (NMGS) has called for stronger collaboration with the Nigeria Customs Service (NCS) to address the rising threat of illegal smuggling of natural resources, which is causing significant revenue loss and depletion of critical raw materials. During a visit to the NCS Headquarters in Abuja on 21 November 2024, NMGS…
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has disclosed its achievements and challenges in the fight against corruption. This information was contained in a press statement released on Friday and signed by Demola Bakare, spokesperson for the Commission. According to the Chairman of the ICPC, Dr. Musa Adamu Aliyu, SAN, the Commission…
The Economic and Financial Crimes Commission (EFCC) has warned banks in Nigeria against making themselves available as instruments of fraud. According to a post from the EFCC’s X handle on Friday, this warning was given by the EFCC’s Executive Chairman, Mr. Ola Olukoyede on Friday, during a courtesy visit by the management team of Moniepoint,…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun,has emphasized the crucial role of the civil service in driving the country’s macroeconomic reforms. According to a post from the Federal Ministry of Finance X handle on Friday, Edun, while speakingat the launch of the Federal Civil Service Policies and Guidelines, praised the…
In a mounting show of opposition, northern leaders, including the Northern Governors Forum (NGF) and various civil society groups, have voiced strong disapproval of the Tax Reform Bill recently proposed by President Bola Tinubu. Hussaini Kafi writes as heated debates and opposition greet the intended reform. The bill, which aims to overhaul the country’s taxation…
Korede Abdullah in Lagos The Nigerian Naira experienced mixed fortunes yesterday, depreciating to N1,745 per dollar in the parallel market from N1,740 per dollar on Wednesday. However, in the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira appreciated to N1,658.67 per dollar, indicating a N28.85 gain. This development reflects the complex and volatile nature of…
Korede Abdullah in Lagos In a major breakthrough, the National Agency for Food and Drug Administration and Control (NAFDAC) has uncovered and dismantled counterfeit alcohol packaging centers at Article Market, Abule-Osun, Lagos State. The agency in a statement on Thursday said the raid resulted in the seizure of items worth an estimated ₦2 billion, including…
The Nigerian National Petroleum Company (NNPC) Limited has officially launched its new crude oil grade, Utapate, into the global market. The introduction of the Utapate crude oil blend is expected to boost Nigeria’s crude oil production and revenue generation. In a press release issued by the Chief Corporate Communication Officer, NNPC Ltd, Olufemi Soneye on…
The U.S. government, via the United States Agency for International Development (USAID), has initiated a significant $3.5 million collaboration with Nigeria’s private sector to tackle fundamental issues within the country’s creative industry and enhance its position on the global stage. The initiative, tagged the Africa Creative Blueprint, is led by USAID in partnership with Ascend…
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