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Former President Olusegun Obasanjo recently revealed the shocking story of how Nigeria almost lost a $280 million telecommunications deal due to the actions of General Abdulsalami Abubakar, a former military Head of State. Speaking at the launch of “The Catalyst: Nigeria’s ICT Evolution through the Lens of Journalism” in Lagos on Tuesday, Obasanjo said Abubakar had planned to award the …

Here are the top 10 stories making headlines across the country. 1. Revenue allocation drops by N155 billion as central, state and local governments share N1.2 trillion in August The three tiers of government on Tuesday shared a revenue allocation of N1.2 trillion for August. Read more 2. Aviation workers halt protest over 50% IGR cut The National Association of …

Nigeria’s equity market returned from the Eid-el-Mauldah holiday on Tuesday with a gain of N131 billion for investors. This follows a surge in the prices of shares such as FLOUR MILL, FBNH (First Bank of Nigerians Holdings), and VITAFOAM among others on the trading floor. After five hours of trading in the capital market, equity capitalization increased to N56.1 trillion …

Edo State Governor Godwin Obaseki has delayed the release of some arrested members of the Peoples Democratic Party (PDP) as a condition for his party to reach a peace agreement, ahead of the upcoming governorship election in the state. After a caucus meeting at Government House in Benin on Monday, Obaseki said, “If they are given guarantees, allowed to return …

Here are the top 10 stories making headlines across the country. 1. NEITI reports N3.473 trillion distributed to federal, state and local governments in Q2 2024 The Nigeria Extractive Industries Transparency Initiative (NEITI) announced on Monday that the Federation Account Allocation Committee (FAAC) distributed N3.473 trillion to the three tiers of government in the second quarter of 2024. This represents …

The National Bureau of Statistics (NBS) said on Monday that the country’s unemployment rate fell to 32.15% in August. This figure is lower than 33.40% in July. According to the Consumer Price Index (CPI) report released by the Bureau, food inflation reached 37.52% in the same month. NBS said: “Looking at the movement, the headline inflation rate in August 2024 …

The National Bureau of Statistics (NBS) said on Monday that the country’s unemployment rate fell to 32.15% in August. This figure is lower than 33.40% in July. According to the Consumer Price Index (CPI) report released by the Bureau, food inflation reached 37.52% in the same month. NBS said: “Looking at the movement, the headline inflation rate in August 2024 …

The Nigerian Extractive Industries Transparency Initiative (NEITI) announced on Monday that the Federation Account Allocation Committee (FAAC) distributed N3.473 trillion to the three tiers of government in the second quarter of 2024. This represents an increase of N46.77 billion, or 1.42%, compared to the first quarter of this year. According to NEITI’s latest Quarterly Report on Federation Account Revenue Allocation, …

World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala will run for a second four-year term next year. The former Nigerian finance minister’s term ends in August 2025. Okonjo-Iweala, the first woman and African to lead the WTO, was elected by the Geneva, Switzerland-based organization’s member states on February 15, 2021. The 70-year-old took office in March of the same year. READ …

The National Bureau of Statistics (NBS) said on Monday that the country’s unemployment rate fell to 32.15% in August. This figure is lower than 33.40% in July. Details later… LATEST Post: Nigeria inflation drops to 32.15% first appeared on Latest Nigeria News | Top Stories from Ripples Nigeria.