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Bank Of America Warns Nigeria Inflation May Hit 30%

The Bank of America has said the Monetary Policy Committee of the Central Bank may need to increase interest rates by at least 700 basis points before the end of the year to curb inflation. In an interview with Bloomberg on Monday, the bank’s sub-Saharan Africa Economist, Tatonga Rusike, said the hike was necessary to […]

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My BP Would Have Risen If I Lost My Senatorial Bid – Oshiomhole

The senator representing Edo North senatorial district, Adams Oshiomhole, has said his blood pressure would have increased if he wasn’t elected to the National Assembly. Medically, a normal blood pressure level is less than 120/80 mmHG, while 180/120 is considered a hypertensive crisis and requires immediate medical attention. Oshiomhole, who spoke at an event organised […]

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Wilder Confirms Joshua Fight In December

Deontay Wilder has provided a huge update regarding the highly anticipated Saudi clash with Anthony Joshua this December, Punch Sports Extra reports. Boxing fans have been sceptical about any rumoured big fight involving heavyweights recently, given the lack of high-profile match ups in the division so far this year. Talks are also ongoing for Wilder to take an […]

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Parents, Students Cry Out As Varsities Hike Fees In Nigeria

Parents and students of some universities across the country have cried out over the hike in school fees, saying the development could worsen their current economic pains and lead to mass students’ withdrawals, Daily Trust reports.  Many universities, both federal and state-owned, have issued releases on upward adjustments of registration fees for courses being offered […]

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Nigerian Government Okays Vehicle Importation Via Land Borders

The federal government may have lifted the ban on importation of vehicles through the land borders, it has been revealed. The development is projected to revitalise economic activities within the corridor. Daily Trust reports that the last administration had closed land borders between Nigeria and Cotonou, Benin Republic, and subsequently banned the importation of vehicles […]

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Naira Now Undervalued After Float, Bank Of America Says

The Nigerian naira has moved from being overvalued to undervalued following the government’s long-awaited foreign exchange reform, analysts at US-based Bank of America said in a June 28 note to clients as reported by Businessday. The newspaper quoted the analysts saying, “We now see a USDNGN fair value of 680 per USD (previously 580). However, […]

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Japa: Germany’s Immigration Law Creates New Job Opportunities For Nigerians

The German parliament passed an immigration law on Friday designed to encourage more people from outside the European Union, including Nigeria, to come to Germany for work. According to Interior Minister of Social Democrats (SPD), Nancy Faeser, the draft law secures prosperity in Germany. “It would only work if the bureaucratic hurdles were dismantled during […]

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I’m Working Day And Night To Solve Nigeria’s Challenges – Tinubu

As Nigerians join their counterparts from across the world to celebrate the Eid-el-Kabir festivities, President Bola Tinubu has assured citizens that he is “working day and night” to solve the myriads of challenges facing the country. Tinubu, in a statement he personally signed on Tuesday, said that the decisions taken so far by his administration […]

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2023 Elections Lacked Transparency, Trust In INEC Severely Damaged – European Union

The 2023 general elections did not ensure a well-run transparent, and inclusive democratic process as assured by the Independent National Electoral Commission (INEC), the European Union Election Observation Mission (EU EOM) has said.  The EU EOM noted that shortcomings in the law and electoral administration hindered the conduct of well-run and inclusive elections and damaged […]

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Kanu’s Release Is Key To Peace In Southeast – Ohanaeze Ndigbo

Ohanaeze Ndigbo Worldwide leaders have called on the Federal Government to release the leader of the Indigenous People of Biafra, IPOB, Nnamdi Kanu, to restore peace in the Southeast region. The call was made during the inauguration of Ohanaeze Ndigbo Women and Youth Wings (FCT chapter) in Abuja over the weekend. President-General of Ohanaeze Ndigbo […]

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Tinubu Would Have Lost If Buhari Removed Fuel Subsidy – Garba Shehu

President Bola Tinubu would have lost the 2023 presidential election if his predecessor had removed fuel subsidy, according to Garb Shehu, spokesman of ex-President Muhammadu Buhari. The incumbent president removed subsidy on his first day in office, an action that has fetched him commendations far and wide. Addressing some Nigerians based in France during his […]

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Sallah: Nigerian Government Declares Public Holidays

The Federal Government has declared Wednesday, June 28, and Thursday, June 29 as Eid-El-Kabir holidays. This was announced in a statement on Monday by the Permanent Secretary, Ministry of Interior, Oluwatoyin Akinlade. Akinlade urged Nigerians to make sacrifices for the development of the country as done by Prophet Ibraheem.

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Manchester United, Chelsea, Liverpool Begin Osimhen Negotiations

English Premier League giants, Manchester United, Chelsea and Liverpool are set to begin negotiations with Napoli over the signing of Nigerian striker, Victor Osimhen, Punch Sports Extra reports. The 2022/23 campaign saw success return to Old Trafford after years of concern, as the Red Devils won silverware (Carabao Cup) for the first time in seven years after beating […]

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Why A Naval Officer Slapped Me In US – Tinubu

President Bola Tinubu revealed that a naval officer once slapped him for overcharging him unintentionally when he was a taxi driver in the United States. This was revealed as he shared his humble beginning in a biography published on the back page of a national daily. The biography titled, ‘Tinubu: My life as gypsy cab […]

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Nigeria’s Debt Rises To N49.8trn – DMO

The Debt Management Office (DMO) has disclosed that Nigeria’s total public debt has risen to $108.3bn (N49.8trn). In a statement on Friday night, DMO stated that the figure which include money owed by the federal and state governments does not include the federal government’s N22.7tr Ways and Means Advances of the Central Bank of Nigeria […]

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Terrorists Planning To Attack Worship, Recreational Centres — DSS Warns

The Department of State Services, DSS has warned Nigerians of planned attacks on worship and recreational centres before and during Eid Kabir celebrations. According to the Nigerian secret police, the recovery of Improvised Explosive Devices from terrorists in joint operations by the service, personnel of the Nigerian Army and Police points to the planned attack. […]

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Report Ranks Lagos 4th Worst City To Live In

The Economist Intelligence Unit, EIU’s 2023 Global Liveability report has ranked Lagos as the Fourth Worst City to live in the world. The report surveyed 173 cities and used 30 qualitative and quantitative factors across five broad categories: stability, healthcare, culture and environment, education, and infrastructure. Lagos was ranked above Algiers, the capital of Algeria; Tripoli, […]

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Bill Gates Shares Daughter’s Reaction To Nigeria Visit

Bill Gates on Wednesday shared his youngest daughter Phoebe’s excitement over his visit to Nigeria and the possibility of meeting Afrobeats stars Burna Boy and Rema. Gates recalled the interaction with his 20-year-old while delivering his opening address at an event in Lagos State, ‘Advancing Africa: Unleashing the Power of Youth in Science and Innovation’. […]

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