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,…
Former Secretary to the Government of the Federation (SGF), Boss Mustapha has said the signature of ex-President Muhammadu Buhari was forged by those who withdrew $6,230,000 from the Central Bank of Nigeria (CBN) on February 8, 2023. Mustapha, who was testifying on Tuesday, February 13, in the trial of former governor of the CBN, Godwin Emefiele, said…
In accordance with the recent directives from the Central Bank of Nigeria (CBN), naira will now be the currency for international transfers facilitated by international money transfer operators (IMTOs). According to a recent notice, several IMTOs including Western Union, MoneyGram, Rapidtransfer, Ria, and other IMTOs approved by the Central Bank of Nigeria have been affected….
The Economic and Financial Crimes Commission, EFCC, has raised a Special Task Force in all its Zonal Commands for the enforcement of extant laws against currency mutilation and dollarization of the economy. The Task Force, inaugurated by the Executive Chairman of the Commission, Ola Olukoyede, was raised to protect the economy from abuses, leakages and…
There are strong indications that the Federal Government is mulling a policy that will result in the conversion of over $30bn in domiciliary accounts of citizens to naira to stabilise the Naira. If it goes ahead with the plan, the government will order the conversion of foreign currencies sitting idly in individuals’ and corporate organisations’…
…threatens mass action if Cardoso fails to vacate office within 72hrs As many as 100 non-governmental organizations, under the aegis of Economic Freedom Fighters, Nigeria (EFFN), have demanded that President Bola Ahmed Tinubu immediately sack the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso for his ineptitude and lack of…
Landmark financing is largest syndicated loan ever raised by Nigeria in the international market and one of the largest syndicated transactions in Africa in recent years. Facility will support Nigeria’s macroeconomic stability and long-term economic growth, facilitating access to raw materials and trade development. Groundbreaking transaction represents a significant vote of confidence in Nigeria and…
