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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.

Investors in the Nigerian equity market were smiling with joy last week following strong performances on the Nigerian Exchange Group (NGX) floor by stocks such as Caverton, RT Briscoe, UPDC and First Bank Holdings (FBNH) among others. The exchange recorded gains in three of the five trading days last week while market capitalization jumped by N607.5 billion to N56 trillion …

Here are the top 10 stories making headlines across the country. 1. Dangote refinery ‘misleading, rogue’ blames NNPCL on N898/litre price claim Dangote Refinery has denied claims that it sold premium motor spirit (PMS) to Nigerian National Petroleum Company Ltd NNPCL at N898/litre, calling it misleading and baseless. Read more 2. Hopes of getting cheaper petrol dashed after NNPCL claims …

Dangote Refinery has denied claims that it sold premium motor spirit (PMS) to Nigerian National Petroleum Company Ltd NNPCL at N898/litre, describing it as misleading and dangerous. The denial was contained in a statement uploaded on the X platform by Anthony Chiejina, the conglomerate’s Group Chief Branding and Communications Officer on Sunday, September 15, 2024. Earlier reports had emerged that …

Nigerians’ hopes of getting cheaper petrol may have been dashed as the Nigerian National Petroleum Corporation (NNPCL) has revealed that it is buying petrol from the Dangote Refinery at N898 per litre. The revelation comes amid expectations that the new source of petrol could bring down prices. Ripples Nigeria reported that the loading of gasoline from the 650,000 barrel-per-day Dangote …

The Socio-Economic Rights and Accountability Project (SERAP), has filed a fresh lawsuit against President Bola Tinubu over his failure to direct the Nigerian National Petroleum Company Limited (NNPCL), to reverse what it called an “unlawful increase in the price of petrol” as well as his failure to investigate allegations of corruption and mismanagement at NNPCL. Joining the suit as respondents …

Here are the top 10 stories making headlines across the country. 1. Tinubu will return home after visits to China and the UK on Sunday President Bola Tinubu will return to his country after his visit to China and the UK on Sunday. Read more 2. ASUU slams university management over alleged victimization of members The Academic Staff Union of …