International Monetary Funds (IMF) warns Central Banks to remain vigilant in the ‘last mile’ of inflation so as to aid disinflation. IMF economist, Tobias Adrian confirms in a blog statement released on 16th of April on IMF official X page stating irrespective of the world’s economics outcome, there’s need to maintain vigilant “Stock markets around…
Dangote Petroleum Refinery has announced a further reduction in the price of diesel to sell at market price of N1,000. The new price represents over 30 percent reduction from the previous market price of about N1,600 per litre. The reduction in price was made known on Tuesday, as N200 was noticed in the price, with…
The Nigeria Civil Aviation Authority (NCAA) has suspended the permit of three private jet owners for violating the terms of their permits and using their jets for commercial purpose. In a statement on Tuesday, the NCAA DG said, “As a consequence of this heightened surveillance, no fewer than three private operators have been found to…
Nigeria’s Electricity Regulatory Commission (NERC) recently approved a huge increase in tariffs for consumers enjoying 20 hours of power supply daily, from N68 per kilowatt hour to N225kWh. The move, aimed to reduce the $2.6 billion worth of subsidies for the sector, has raised questions about the reliability of power supply and the accuracy of…
Former governor of Kaduna State, Malam Nasir El-Rufai, says fuel subsidy is back, but many Nigerians do not know this. El-rufai revealed this while fielding question from newsmen in Maiduguri, Borno State capital, on Monday. El-Rufai said the federal government is now paying more than before. The former Kaduna state governor also said the packages…
The Senior Pastor of the Dunamis International Gospel Centre, Dr. Paul Enenche, has addressed the recent controversy surrounding a testimony given by Ms. Anyim Veronica Nnenna at the Glory Dome in Abuja. In a statement released by the Personal Assistant/Secretary to the Senior Pastor, Sylvester Edoh, on Monday, Enenche expressed concern and clarified that it…
As Nigeria commemorates the 10th anniversary of the mass abductions in Chibok, a new report by UNICEF has revealed that just 37 percent of schools across 10 states in Nigeria have early warning systems in place to identify threats, such as school attacks. UNICEF Representative in Nigeria, Ms. Cristian Munduate, emphasised the urgency of the…
The Transmission Company of Nigeria (TCN) says the national grid has been fully restored after Monday’s fire incident at the Afam power generating station in Rivers. TCN’s General Manager, Public Affairs, Mrs Ndidi Mbah, stated in Abuja that the fire caused a partial disturbance of the grid. “At about 2:41 a.m., fire erupted at the…
Nigeria’s inflation rate jumped to 33.20% in March 2024 compared to February 2024 headline inflation rate which was 31.70%. This was contained in report released by the National Bureau of Statistics (NBS)’s Consumer Price Index (CPI) on Monday. NBS said, “Looking at the movement, the March 2024 headline inflation rate showed an increase of 1.50%…
The Federal Competition and Consumer Protection Commission (FCCPC) has warned Nigerians against arbitrary increase in prices of goods and services, saying it violates existing laws. The FCCPC warned that stemming practices are like price gouging and conspiracy to manipulate supply and will lead the commission to invoke section 17(s) of the Federal Competition and Consumer…
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