Federal Government Proposes ₦54.2 Trillion Budget for 2025 Amid Economic Concerns ABUJA – The Nigerian government has proposed an upward revision of the 2025 national budget to ₦54.2 trillion, marking a 9.1% increase from the initial ₦49.7 trillion presented to the National Assembly on December 18, 2024. President Bola Ahmed Tinubu formally communicated this adjustment […]
Discover why Nigeria’s Finance Minister, Wale Edun, supports the 50% telecom tariff hike, the implications for consumers, and expected service improvements. In response to growing economic challenges, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has endorsed the recent 50% increase in telecom tariffs, emphasizing that inflationary pressures must be reflected in […]
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Economist Bismarck Rewane highlights the importance of power sector reforms in achieving Nigeria’s 2025 economic growth targets. Explore insights on inflation, Naira stability, and GDP forecasts. Prominent economist and CEO of Financial Derivatives Company Limited (FDC), Bismarck Rewane, has projected that power sector reforms will be crucial to achieving Nigeria’s 4.6% economic growth target for […]
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Amid Inflation, Abuja Residents Opt for Local Beverages Over Soft Drinks As the cost of living continues to soar in Nigeria, many residents of Abuja are turning to locally made drinks like zobo, kunu, tiger nut beverages, and fresh fruit juices as affordable and healthier alternatives to carbonated soft drinks. In separate interviews conducted on […]
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Discover how Nigeria’s cost-of-living crisis is pushing vulnerable citizens to the brink. Rising food prices, inflation, and stampedes leave many struggling during the festive season. Cost-of-Living Crisis Takes a Deadly Toll in Nigeria As Nigeria grapples with a worsening cost-of-living crisis, recent events have exposed the devastating impact on citizens. Stampedes in Abuja and Anambra […]
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Former Vice President Atiku Abubakar has expressed that he harbors no envy toward President Bola Tinubu, whom he accuses of causing suffering for Nigerians. Atiku, the Peoples Democratic Party (PDP) candidate in the 2023 presidential election, was responding to recent statements from the presidency, which alleged that he was envious of Tinubu. On Sunday, Bayo […]
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PMS Price Increased to N1025.00 by NNPC: What This Means for NigeriansIn recent news that has stirred up significant reactions across Nigeria, the Nigerian National Petroleum Corporation (NNPC) has announced a substantial increase in the price of Premium Motor Spirit (PMS), commonly known as petrol. As of the latest update, the price has surged to […]
