Naira and Dollar The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a significant gain against the greenback at the black market. This came as the Central Bank of Nigeria announced the final settlements of all valid foreign exchange backlogs, fulfilling a key…
Again, Nigerian Breweries increases prices of beer Nigerian Breweries products. Nigerian Breweries Plc has announced another increment in the price of its products after the previous increase in February. The PUNCH earlier reported that the company issued a new price review notification to all its customers in the West Zone. According to a letter dated Monday,…
Some housewives in the Federal Capital Territory (FCT) have decried the high cost of living in the territory and Nigeria in general. They told the News Agency of Nigeria (NAN) on Sunday that it was becoming almost impossible for them to feed and care for their families. They said there was a need for an…
A Senior Advocate of Nigeria, Ebun-Olu Adegboruwa, has said the looting of a government warehouse in Abuja on Sunday was a direct reflection of the level of hardship the majority of Nigerians battling currently. The lawyer said Abuja residents who looted food items used it to pass a message to President Bola Tinubu about…
Africa’s Global Bank, United Bank for Africa (UBA) Plc has reaffirmed its unwavering commitment to spearhead economic growth across the continent through targeted policies aimed at maximizing the benefits derived from the mining and oil sectors. To this end, the bank is poised to collaborate with the Economic Community of West Africa States (ECOWAS) towards…
The Catholic Bishops Conference of Nigeria (CBCN) has asked President Bola Tinubu’s government to give account of the savings from fuel subsidy removal in the first nine months of his administration. The clerics questioned the lack of operational refineries despite spending huge amount of money in turnaround maintenance which had led to continued reliance on…
The prices of staple food have gone up amid worsening inflation, Peoples Gazette is reporting. It is reported that since President Bola Tinubu assumed office on May 29, 2023, his economic policies have made life more difficult for Nigerians. On Thursday, the National Bureau of Statistics (NBS) said Nigeria’s inflation rate climbed to 29.90% in…
Troops of the Nigerian Army have intercepted two Dangote trucks and three others allegedly transporting banned goods to the Republic of Cameroon, SaharaReporters can report. The trucks, loaded with 600 50kg bags of cement each, were on Friday paraded to journalists at the headquarters of the Nigerian police in Yola, the Adamawa state capital. The…
The consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 29.9 percent in January 2024 — up from 28.92 percent in the previous month. This was disclosed by the National Bureau of Statistics (NBS) in its CPI report for January released on Thursday. According to…
……Seek divine intervention through prayers over hardship, Sultan urges Nigerians Sultan of Sokoto, Alhaji Muhammadu Sa’ad Abubakar III By Ibrahim Hassan-Wuyo Monarchs from the North under the umbrella of Northern Traditional Council led by the Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar have told the Federal Government that unless the necessary action is taken,…
