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National Bureau of Statistics NBS

NBS: Inflation rises to 12.34 percent in April

The National Bureau of Statistics (NBS) says the Consumer Price Index (CPI), which measures inflation, increased by 12.34 per cent year-on-year in April 2020.
The Institute for Peace and Conflict Resolution (IPCR) has pledged to collaborate with the Nigerian Army Resource Centre (NARC) to find practical solutions to insecurity confronting the country.

Nigerian army court-martials sergeant for allegedly brutalizing wife, son in Kog

The Nigerian Army has court-martialed one Sgt. Abdulrazaq Moshood, a Military officer with command Army Records, Charimaigumeri barracks, Lokoja, Kogi State, for allegedly assaulting his wife and his six-month-old baby.
Nigeria Naira

Nigeria records highest inflation rate in almost two years

Nigeria’s headline inflation rate for March 2020 rose marginally by 0.06 percent points higher than the 12.20 percent rate recorded in February.
Recall that President Muhammadu Buhari in a nationwide broadcast on Sunday ordered a total lockdown in Abuja, Lagos and Ogun State as a proactive measure to contain the spread of the deadly novel coronavirus in Nigeria.

Nigeria’s inflation rate hits 12.26 percent

Nigeria’s inflation rate has hit 12.26 percent in March 2020, the National Bureau of Statistics reports on Tuesday.
A man shows a wad of the new Zimbabwe two-dollar notes he received from a bank in Harare on November 12, 2019. (Photo by Jekesai NJIKIZANA - AFP)

Zimbabwe inflation soars to 540 per cent

Zimbabwe's annual inflation soared to over 500 per cent in February, the country's statistical agency said Monday, releasing its first consumer price data since June last year.

Expert wants appropriate monetary policy tools to check rising inflation rate

Mr Emmanuel Atama, the Executive Secretary of the National Cooperative Financing Agency of Nigeria (CFAN), has appealed to the Central Bank of Nigeria (CBN) to use appropriate monetary policy tools to check rising inflation rate in the country.
President Muhammadu Buhari on Monday signed into law the Finance Bill 2019 (now Finance Act), which among other objectives, seeks to increase government revenue while supporting struggling small businesses in Africa’s largest economy.

IMF cuts Nigeria’s economic growth forecast

The International Monetary Fund (IMF) has announced a downward review of its 2020 growth forecast for Nigeria to two per cent from the 2.5 per cent it predicted earlier.
ActionAid Nigeria

Corruption index: ActionAid calls for stiffer punishment on looters

A social justice non-governmental organization, ActionAid Nigeria, has reacted over the 2019 Corruption Perception Index and called for stiffer punishment for looters of public coffers.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

EFCC berates Transparency International over low rating of Nigeria’s anti-graft war

The Economic and Financial Crimes Commission (EFCC) has berated Transparency International (TI) over its ranking of Nigeria as the 146th of the 180 analysed on the organisation’s 2019 Corruption Perception Index (CPI).
Nigeria has slipped on Transparency International’s Corruption Perception Index 2019, scoring 26 per cent.

Transparency: Corruption worse in Nigeria

Nigeria has dropped on Transparency International‘s yearly corruption perception ranking, moving two places down to rank the world’s 34th most corrupt nation in the world.
An Ilorin, Kwara State lawyer Olarewaju Aluko and his client, Taiye Na’Allah, on Thursday sued the Economic and Financial Commission (EFCC) at a Kwara State High Court for alleged defamation of character.

EFCC: Transparency International corruption index assessment of Nigeria baseless, illogical

The Economic and Financial Crimes Commission, has condenmed in strong terms, the 2019 Corruption Perception Index, CPI, recently released by Transparency International, TI, which ranked Nigeria 146 out of 180 countries analysed.
Auwal Ibrahim Musa Rafsanjani

CISLAC: Federal government’s success on corruption fight not backed with evidence

The Civil Society Legislative Advocacy Centre (CISLAC) has said Nigeria’s claim to a successful fight against corruption is not backed by facts.

Nigeria drops two places on Transparency International’s latest corruption index

Nigeria has dropped two places on the annual corruption perception index published by Transparency International.

Nigeria inflation rises to 11.61 percent

Also, core inflation, which excludes the prices of volatile agricultural produce, however, slowed to 8.88 per cent (year-on-year) in October, compared to 8.94 per cent recorded in the preceding year
Security personnel had mounted checkpoints in major junctions in Yenagoa, Bayelsa, as the state votes to elect its governor.

Kogi guber: Security agencies must strategise to check violence – CPI

Worried by the high level of violence and palpable tension ahead of Saturday’s gubernatorial election in Kogi State, Challenge Parenthood Initiative (CPI), an election observer group has called on security agencies to strategise and check all forms of violence and thuggery activities, give Kogi people hope of their safety.

Kogi guber: Monarch decrees death for irate politicians, trouble makers

Ahead of Saturday’s governorship election, in Kogi State, the Olu of Magongo, Obin Sam Bola Ojo, has placed a curse on whoever brings violence to his kingdom, declaring that the person will die a mysterious death before the end of this year.
Closed Nigerian border without any activity

Experts attribute inflation rate rise to border closure

Financial experts on Wednesday attributed rise in inflation rate for the month of September to border closure and the new minimum wage.
National Bureau of Statistics NBS

NBS: Inflation rate now 11.24 per cent

The National Bureau of Statistics (NBS) on Tuesday released the Consumer Price Index (CPI) which measures inflation with the index rising to 11.24 per cent in September.

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Medical council validates four coronavirus test kits – registrar

The Medical Laboratory Science Council of Nigeria (MLSCN) says it has validated four Rapid Test Kits to determine their suitability for testing SAR-COV-2 infection popularly known as COVID-19 in the country.
Legendary reggae artiste, Majekodunmi Fasheke, aka Majek Fashek is dead. The artiste died in a New York hospital after a protracted illness on Monday about 5-45pm. He was aged 71.

Nigerian celebrities mourn deceased Majek Fashek

Nigerian celebrities have taken to their social media platforms to mourn the death of Music Legend, Majekodunmi Fasheke, a.k.a Majek Fashek.
Rwanda says it will announce new restrictions on containing the coronavirus Tuesday, a stark reversal of the country's plan days ago to ease restrictions, including motor vehicle travel throughout the country.

Rwanda set to announce new coronavirus restrictions

Rwanda says it will announce new restrictions on containing the coronavirus Tuesday, a stark reversal of the country's plan days ago to ease restrictions, including motor vehicle travel throughout the country.
Nigerian President Muhammadu Buhari3

Nigeria declares telecoms facilities critical national Infrastructure

In response to the yearnings of industry stakeholders to declare telecom facilities Critical National Infrastructure, President Muhammadu Buhari, has finally approved and also directed that necessary physical protective measures be put in place to safeguard telecommunications infrastructure deployed across the country.
President Muhammadu Buhari has again, addressed Nigerians on the efforts of its government to contain the coronavirus pandemic (covid-19) that is ravaging the country 4

ASCAB: President Buhari’s speech underestimate Sani Abacha’s $5 billion loot

Alliance for Surviv­ing COVID-19 and Beyond, (ASCAB), a group led by prominent Nigerian human rights lawyer, Femi Falana has said that President Mu­hammadu Buhari’s claim that late dictator, Sani Abacha, stole $1 billion con­tradicts the figures earlier released by his own officials.