Home Topics Inflation
International Monetary Fund member countries have agreed to clear Sudan’s arrears to the institution, France’s president said on Monday, removing the final hurdle to the African nation getting wider relief on its external debt of at least $50 billion.
The consumer price index, which measures the rate of change in the price of goods and services, dropped to 18.12 percent in April from 18.17 in March.
The French government has said it will lend Sudan $1.5 billion to help the heavily indebted country pay off its arrears to the International Monetary Fund.
Imo State governor, Senator Hope Uzodinma has acquired another fleet of vehicles produced by Innoson Vehicle Manufacturing Company Limited (IVM), Nnewi, a reputable Nigerian brand.
The forum disclosed this on Wednesday in a statement jointly signed by its Chairman, Secretary-General and Publicity Secretary, Senators Opeyemi Bamidele (APC-Ekiti), Matthew Uroghide (PDP-Edo) and Chukwuka Utazi (PDP-Enugu).
The federal government yesterday indicated that it is considering extending the current equalisation scheme in the petrol supply system in the country to the movement of gas across the country to make the product more available and accessible to Nigerians.
President Muhammadu Buhari has expressed deep concern over the ‘mercilessness of some Nigerians’ to the course and development of the country.
The Lagos Commodities and Futures Exchange (LCFE) has concluded plans to admit Dukia Gold‘s diversified financial instruments, backed by gold as the underlying asset in a sector worth over N300 trillion.
Primero Transport Services Limited, on Sunday, said that inflation and its inability to access forex to import vehicle parts’ were hindering its efforts at reviving its faulty buses and providing seamless services to its passengers.
The Chairman of the Southern Senators’ Forum, Senator Opeyemi Bamidele, has appealed to President Muhammadu Buhari to work on the economy, arrest inflation, increase production and strengthen the naira for the N30,000 minimum wage to be meaningful to Nigerian workers.
The Bishop of the Egba Diocese, Church of Nigeria (Anglican Communion), Rt. Revd. Emmanuel Adekunle, has described the All Progressive Congress (APC) led administration in the country as clueless, which has further thrown the nation into abyss of insecurity and economic woes.
Former vice-president, Atiku Abubakar, says workers in Nigeria have “never had it so bad” with their survival looking “almost impossible.”
Delta State Governor and Chairman of South-South Governors’ Forum, Dr. Ifeanyi Okowa, yesterday called on President Muhammadu Buhari to reconstitute the board of the Niger Delta Development Commission (NDDC) without further delay.
The Lagos Chamber of Commerce and Industry (LCCI) says the rising insecurity in Nigeria has reduced investor confidence.
Members of the organised private sector (OPS) have urged the federal government to rise to the occasion and arrest the worsening insecurity in the country in order to salvage the nation’s economy from a total collapse.
A chieftain of the All Progressives Congress (APC) in Lagos State, Olusegun Idowu, has said that Nigeria would witness uncommon prosperity if the national leader of the party, Asiwaju Bola Tinubu becomes the next president of Nigeria in 2023.
The ruling All Progressives Congress, APC, has described Monday’s meeting of governors of the opposition Peoples Democratic Party PDP as a jamboree and a complete waste of time, accusing the state executives of engaging in name calling and abuses.
The Peoples Democratic Party (PDP) Governors’ Forum has unanimously has asked President Muhammadu Buhari to immediately summon the meeting of the Nigerian Police Council...
Governors under the aegis of the Nigeria Governors’ Forum (NGF) have appealed to the Nigeria Labour Congress (NLC) to exercise calm and restraint in its engagement with the Kaduna State government.
The 27-year-old has grown frustrated over the club's inability to compete at the highest level, having seen his side fall out of contention to secure Champions League football for next season.
Juventus are studying the future and are reportedly considering Napoli coach Gennaro Gattuso as a possible alternative to replace Andrea Pirlo.
The Federal Road Safety Corps Kano State Command, Tuesday, announced the deployment of 1820 personnel to manage traffic flow during the forthcoming Eid-el-fitr celebrations in the state.
The United States of America has declared its interest in the passage of the much-awaited Petroleum Industry Bill (PIB) in order to provide a clear roadmap for the Nigeria’s oil and gas sector as well as stakeholders.
Neymar’s mansion was broken into by a ‘preacher’ before the Paris Saint-Germain star played and scored in a 4-0 thrashing of Reims.
A South African report into excess deaths over the past year suggests more than 133,000 people in the country have died from COVID-19, far more than the official tally of nearly 55,000.
Abraham Marcus admits his invitation to the Super Eagles came as a surprise and describe it as a dream come true.