Finance Minister Wale Edun has disclosed a remarkable increase in revenue influx into the federation account following the removal of subsidies, skyrocketing from an average of N650 million monthly to over N1 trillion over the last four months. Speaking on Monday at the commencement of a four-day retreat organized for members of the Federation Account…
The Central Bank of Nigeria (CBN) has announced the postponement of its monetary policy committee meeting for the second time, citing recent developments and engagements within the financial landscape. This decision, confirmed by Dr. Isa Abdulmumin, the CBN’s Director of Corporate Communications, comes amidst growing concerns over Nigeria’s surging inflation rates, reaching a staggering 27.33…
In a recent announcement, Francisca Omayuli, the Spokesperson for Nigeria’s Ministry of Foreign Affairs, clarified the country’s absence and representation at the signing of the Samoa Agreement. The ministry emphasized a meticulous examination of the accord, which supersedes the 2000 Cotonou Agreement, prior to any decision on endorsement. This cautious approach aims to ensure compliance…
Doctors play a pivotal role in preserving health, saving lives, offering essential medical care, and advancing healthcare, serving as pillars of well-being and guardians of public health. The Enugu State branch of the Nigeria Medical Association (NMA) has disclosed that within a span of fewer than two months, over 10 doctors have fallen victim to…
The Central Bank of Nigeria (CBN) has expressed optimism about the initial success of its monetary policy reforms in bolstering the country’s economy. In response to the recently unveiled inflation figures for October, as announced by CBN’s Director of Corporate Communications, Isa AbdulMumin, the apex bank remains resolute in reinstating an evidence-based monetary policy framework…
The Lagos State Government has disclosed a concerning increase in domestic violence cases, reporting at least 340 instances of husbands being physically abused by their wives in the past year. This revelation came from quarterly reports by the Lagos Domestic and Sexual Violence Agency (DSVA), shared by the agency’s Executive Secretary, Mrs. Titilola Vivour-Adeniyi. Vivour-Adeniyi…
Late Wednesday night, the national executive councils of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) made a decision to suspend their nationwide strike. The strike was initiated due to an alleged assault on NLC President Joe Ajaero. This suspension was a result of intervention by the National Security Adviser, Nuhu Ribadu….
The Central Bank of Nigeria has officially revoked the December 31, 2023 deadline previously set for the discontinuation of old naira notes, a move initiated following the redesign of the N200, N500, and N1,000 notes in October 2022. During the tenure of Godwin Emefiele, the apex bank introduced the redesigned notes, triggering a period of…
