•Goitre A 26-year-old Ebonyi State lady, Chinaza Nwaezere, battling goitre (thyroid enlargement) decided to go into sex work to raise the money for her surgery after two failed businesses in Enugu State. She tells Sunday PUNCH how life has been for her caring for her sick father and six younger siblings with the proceeds from […]
•Abducted Risikat Oladokun Suspected kidnappers of an Ogun State-based business woman, Risikat Oladokun, have refused to set her free after payment of ransom to the tune of N5million, the husband lamented today. The victim was abducted by gunmen on March 12 in Awa Ijebu, Ijebu North Local Government Area of the state, while returning from [&he...
Despite widely reported Naira’s rebound, Nigeria’s inflation rate jumped to 33.20% in March 2024 compared to February 2024 headline inflation rate which was 31.70%. This was according to the National Bureau of Statistics (NBS)’s Consumer Price Index (CPI) report released today. “Looking at the movement, the March 2024 headline inflation rate s...
Recently, the naira has continued to gain against the dollar at the parallel market, while Nigerians have high expectations that the prices of foodstuff will reduce. A recent market survey conducted by this paper has a contrary view as some prices have remained the same from last week till this week, while some prices of […]
•Terrorists Despite threat by bandits to kill the 286 students and staff of Government SecÂondary School and LEA Primary School, Kuriga, Kaduna State kidnapped recentÂly, the Defence Headquarters, yesterday vowed to rescue them unhurt. The terrorists have also demanded a total of N1 billion ($620,432) for their release, reports Daily Independe...
•Tinubu jetting out President Bola Tinubu will visit Qatar in March for bilateral discussions as scheduled despite speculations of a snub by authorities of the Asian nation. A memo between the Embassy of the State of Qatar in Abuja and the Ministry of Foreign Affairs over preparations for a sidelines meeting was leaked and misrepresented [&hel...
•Tinubu President Bola Tinubu yesterday defended his administration’s reforms, saying there is no going back. Tinubu on his inauguration declared an end to the fuel subsidy regime and later floated the naira alongside a slew of reforms. The moves have triggered a hike in the cost of living in Nigeria as the country’s currency lost […]...
The naira yesterday slid further at the parallel market in spite of the clampdown the federal government ordered on foreign exchange market speculators. Bureau De Change (BDC) hubs were raided in Abuja, Lagos and Kano and some operators were arrested, reports Daily Trust. Despite the raids, however, the naira plunged further with a dollar exch...
Despite efforts by the Central Bank of Nigeria (CBN) to restore sanity in the foreign exchange market by rolling out three new circulars, the naira suffered a further slide at the weekend. The naira experienced another deÂcline in both the official and parallel forÂeign exchange markets on Friday, reports Daily Independent. At the parallel mar...
Despite recent efforts by the Central Bank of Nigeria (CBN) to bolster the foreign exchange market through interventions, the currency’s downward trend persists, prompting concerns about its potential impact on the broader economy. The depreciation of Nigeria’s currency is despite the federal government receiving a $2.25bn foreign exchange sup...