The Nigeria Labour Congress (NLC) has condemned the Federal Government’s 50% telecom tariff hike, calling for a nationwide boycott and emphasizing its adverse impact on workers and citizens. Labour Union Threatens Nationwide Boycott to Resist Telecom Tariff Hike The Nigeria Labour Congress (NLC) has expressed strong disapproval of the Federal Government’s decision to approve a […]
Primate Elijah Ayodele, the leader of the INRI Evangelical Spiritual Church, has issued a stark warning to Nigerians and President Bola Tinubu’s administration regarding the worsening economic situation in the country. Speaking on Friday, Primate Ayodele cautioned that petrol prices, which recently dropped to N945 per litre, could surge to N1,200 per litre if pressing […]
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Nigeria’s inflation rate rose to 34.80% in December 2024, slightly up from 34.60% in November, according to the latest National Bureau of Statistics (NBS) report. This surge is attributed to increased demand for goods and services during the holiday season, marking a 5.87% year-on-year rise from 28.92% in December 2023. This is the last inflation […]
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Discover how harsh economic realities and unemployment are driving Nigerian youths toward illegal migration and human trafficking. Learn about recent rescue operations and the need for systemic change. The rising cases of illegal migration and human trafficking in Nigeria highlight the growing desperation among the nation’s youths. A recent rescue operation in Jigawa State sheds […]
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Osita Okechukwu, a founding member of the All Progressives Congress (APC), has criticized President Bola Tinubu’s Presidential Economic Team, accusing them of straying from the objectives outlined in Tinubu’s Renewed Hope Agenda. In an open letter to the team, Okechukwu urged them to reconsider their strategies, referencing Albert Einstein’s famous quote about the futility of […]
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The National Assembly has expressed deep dissatisfaction with the poor execution of capital projects in the 2024 budget, calling the current state disappointing. Lawmakers voiced concern over the significant gap between recurrent and capital expenditures, highlighting the low capital funding releases for ministries, departments, and agencies (MDAs). Both the Senate and House of Representatives urged […]
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Discover how the Trade Ministry and CBN are collaborating to create a favorable export environment for manufacturers in Nigeria, fostering economic growth through strategic policies. Boosting Exports: Trade Ministry and CBN Collaborate to Empower Local Manufacturers The Ministry of Industry, Trade, and Investment has unveiled efforts to strengthen collaboration with the Central Bank of Nigeria […]
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Discover how the Naira’s continuous devaluation threatens Nigeria’s 2025 fiscal plan, with inflation, exchange rate fluctuations, and budgetary constraints creating significant challenges. Naira Depreciation Threatens Nigeria’s 2025 Fiscal Targets The sharp decline in the value of the Naira is setting up a challenging fiscal year for 2025, posing a significant threat to the Federal Government’s […]
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President Bola Ahmed Tinubu has reassured Nigerians that the year 2025 holds great promise for economic growth and development. Acknowledging the current challenges faced by citizens, he expressed his unwavering commitment to addressing these issues with dedication and purpose. Speaking during his first Presidential Media Chat on Monday, December 23, in Ikoyi, Lagos, President Tinubu […]
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The Nigerian Senate has introduced a bill to prohibit the use of foreign currencies, such as the US dollar, for payments and transactions within the country. Sponsored by Senator Ned Nwoko of Delta North, the bill, titled “A Bill for an Act to Amend the Central Bank of Nigeria Act, 2007, to Prohibit the Use […]
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The Nigerian National Petroleum Company Limited (NNPCL) has announced a reduction in the price of Premium Motor Spirit (PMS), popularly known as petrol, at its retail stations in Abuja. According to reports from DAILY POST, the pump price of petrol has dropped from ₦1,060 to ₦1,040 per litre at NNPCL outlets, reflecting a ₦20 decrease. […]
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President Tinubu Acknowledges HardshipPresident Bola Tinubu has acknowledged the challenging economic situation facing Nigeria and has called on citizens to endure what he described as “unintentional hardship.” Speaking during the 48th convocation ceremony of Obafemi Awolowo University (OAU), Ile-Ife, Osun State, Tinubu reassured Nigerians that the ongoing reforms are necessary to secure a brighter future […]
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Organised Labour has firmly opposed the outright sale of public refineries like the Port Harcourt Refinery to the private sector. After a recent inspection, Labour leaders emphasized their preference for a privatization model that ensures the private sector holds a controlling stake while government, workers, and host communities maintain minority shares. Labour’s Stance on Refinery […]
