News

BREAKING: Nigeria’s inflation rate now stands at 34.19 percent

The National Bureau of Statistics (NBS) has revealed that Nigeria’s headline inflation rate rose to 34.19 percent in June. This figure is up from 33.95 percent recorded in May. The bureau stated in the Consumer Price Index (CPI) released on Monday in Abuja. CPI is a tool used to measure the rate of change in prices of goods and services. …

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River Assembly blocks Fubara spending pending budget presentation

In a dramatic session on Monday, the Rivers State House of Representatives, under the leadership of Martin Amaewhule, imposed a freeze on all expenditure by Governor Siminalayi Fubara’s administration until he presents the 2024 budget to lawmakers. The move follows a seven-day ultimatum issued by the Assembly to Governor Fubara, demanding the immediate submission of the state budget. During the …

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Oyebanji orders integrity test at NYSC Ekiti Camp building

Ekiti State Governor, Mr. Biodun Oyebanji, has instructed the state Special Projects Bureau to conduct a thorough integrity test of all structures within the National Youth Service Corps (NYSC) Orientation Camp located at Ise/Orun Emure Ekiti. The directive was issued during a meeting in Ado Ekiti on Monday, where Governor Oyebanji met with members of the NYSC Governing Council, led …

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NFF leads Falconets to FIFA U-20 Women’s title

Nigeria Football Federation (NFF) President Alhaji Ibrahim Musa Gusau on Monday instructed the Nigerian U-20 women’s team, Falconets, to focus, heed the coach’s instructions, work hard and be disciplined in order to achieve success in this year’s FIFA U-20 Women’s World Cup finals in Colombia. Nigeria, who have finished runners-up twice, came close to lifting FIFA’s second women’s trophy, but …

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LP warns NLC not to interfere, confirms Obi, Abure as leaders

The Labour Party (LP), on Monday, issued a stern warning to the Nigeria Labour Congress (NLC) warning it against involving the party and its leadership in political manoeuvres aimed at satisfying their sponsors. The warning was given by Marcel Ngogbehei, Director-General of LP Mobilization and Integration Directorate, in a statement in Abuja. Ngogbehei was responding to a statement attributed to …

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Naira drops N14, trades at N1,577/$1 on official exchanges

Nigeria’s currency, the naira started the week with a decline against the US dollar on Monday, July 15, 2024. The local currency weakened by N14 to trade at N1,577/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed. This is in contrast to the exchange rate of N1.563/$1 traded on Friday, July 12, 2024. The highest and lowest intraday …

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