The Federal Government of Nigeria has officially commenced the sale of crude oil and refined petroleum products in naira as of October 1, 2024. This initiative marks a significant shift in the country’s approach to energy sales and is aimed at strengthening the naira, reducing transaction costs, and ensuring a stable supply of petroleum products….
In a major milestone for Nigeria’s industrial development, the country has signed a $3.3 billion agreement with China to develop the Brass Industrial Park and Methanol Complex. This agreement was one of the key outcomes of the 2024 Forum on China-Africa Cooperation (FOCAC), where the inaugural Nigeria and China Economic Cooperation and Trade Conference also…
In response to a growing social media rivalry between Nigeria and South Africa, Bolt, the popular online taxi service, has taken decisive action by restricting “inter-country” ride requests between the two nations. This unprecedented move comes after a wave of pranks originating from South Africa, where users booked and then canceled rides in Nigeria, leaving…
Nasarawa State Governor, Abdullahi Sule, has made a shocking disclosure about the recent protests in northern Nigeria, revealing that Almajiris, young boys from Islamic schools, formed the majority of the demonstrators. According to Governor Abdullahi Sule, these Almajiris were largely ignorant of the reasons behind the protests they participated in, raising concerns about the potential…
Unlike the previous administration in Nigeria, which saw monthly allocations fluctuate wildly, the current government in Nigeria has consistently ensured a steady and incremental increase in allocations over the past 13 months. For instance, in April 2023, the total allocation of N655bn to the Federal Government, States, and Local Government Areas (LGAs) represented a decrease…
Prominent Nigerian activist Deji Adeyanju has made a powerful statement regarding the true organizers of recent protests in the country. According to Deji Adeyanju, the real driving forces behind these demonstrations are not individuals or organizations, but rather the pervasive issues of hunger, poverty, and corruption plaguing the nation. Deji Adeyanju’s bold declaration sheds light…
As Nigeria’s stability hangs in the balance, a provocative question resonates through the streets: Can a nation be built on the foundations of rage, or does reason hold the key to a brighter future? The upcoming ’10 Days of Rage’ protest, scheduled for August 1-10, has sparked a fierce debate about the role of emotion…
The Central Bank of Nigeria’s (CBN) monetary policy tightening measures have led to a decrease in the country’s monthly inflation rate for the third consecutive month. The National Bureau of Statistics reported that the month-on-month inflation figure dropped to 2.14% in May, down from 2.29% in April and 3.02% in March. This decrease suggests that…
The Peoples Democratic Party (PDP) has extended the deadline for the sale of forms for its 2024 congresses from June 17 to June 28. This announcement was made by the National Publicity Secretary, Debo Ologunagba, who stated that the party’s National Working Committee (NWC) approved the extension. The move is aimed at giving party members…
Nigeria’s imports have surged to a record high of N12.64 trillion in the first quarter of 2024, representing a 39.65% increase from the previous quarter and a 95.53% rise from the same period last year. The latest Foreign Trade Statistics released by the National Bureau of Statistics (NBS) reveal that fuel and food items led…
