The average price of Liquefied Petroleum Gas (Cooking Gas) rose by 3.32% month-on-month, increasing from N6,699.63 recorded in September 2024 to N6,915.69 in October 2024. […]
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Naira gasps for breath on the black market, trading at N1,750/$
The Naira faced more headwinds in the unofficial market amid high demand for the dollar and a widening supply gap. The Nigerian currency was trading […]
Nigeria’s foreign debt servicing surges by 107.7% to N3.8 trillion in eight months
The cost of servicing Nigeria’s foreign debt has surged by 107.7% to reach N3.8 trillion, significantly exceeding the projections outlined in the 2024 budget between […]
FG’s personnel and pension costs to increase by 58.7% in 2025 due to minimum wage hike
President Bola Tinubu The Federal Government projects a sharp rise in personnel and pension costs in 2025, attributed to the implementation of the minimum wage […]
President Biden commits $4 billion to World Bank’s IDA to support poorest nations
US President Joe Biden The United States’ President Joe Biden has announced a $4 billion commitment to the International Development Association (IDA), the World Bank […]
Band A customers lament decline in electricity supply after frequent national grid collapse
Story Highlights: The recent national grid collapse has left Band A customers with a reduced electricity supply. Experts blame the failures on poor infrastructure and […]
Nigeria’s economy will grow in leaps and bounds by 2025 – Kashim Shettima
Nigeria’s Vice President, Kashim Shettima, has predicted that the country’s economy will grow in “leaps and bounds” by 2025. Senator Kashim Shettima, who made the […]
Nigeria’s inflation rate rises to 33.88% in October 2024
Nigeria’s headline inflation rate rose to 33.88% in October 2024, up from 32.7% in September 2024 as Nigerians continue to grapple with the high cost […]
FEC proposes N47.9 trillion budget for 2025 fiscal year
President Bola Tinubu The Federal Executive Council (FEC) has unveiled a proposed budget of N47.9 trillion for the 2025 fiscal year. Atiku Bagudu, Minister of […]
FG Promissory Notes rise to N1.65 trillion, up 114% in one year under Tinubu
Nigeria’s Debt Management Office (DMO) reports that the federal government’s Promissory Notes debt surged to N1.65 trillion as of June 2024, marking a 6.5% increase […]