The National Bureau of Statistics (NBS) said today that the headline inflation rate increased year-on-year (YoY) by 0.98 percentage points to 29.9 per cent in January 2024 from 28.92 per cent in December 2023. The Bureau disclosed this in its Consumer Price Index, CPI, report for January 2024, noting that food inflation also increased to [&hel...
•Bags of rice This is not the best of times for Nigerian families, who have had to adopt bizarre cost-cutting measures to cope with the recent hardship occasioned by the dramatic hike in the prices of goods and services. Several of them lamented that their income could no longer take care of their daily needs, […]
Nigeria’s real estate sector operators may be struggling between the devil and the deep sea as they joggle the impact of exchange rate volatility on their business. At the backdrop of the recent massive depreciation of the Naira, findings reveal that estate developers are likely to face more hurdles despite the dollarization of the elite [&hel...
Consumers in December 2023 experienced a spike in the average retail price of kerosine reaching N1,362.27 per litre nationwide. This marked a 5.84 per cent increase compared to the N1,287.10 recorded in November 2023, reports The PUNCH. The latest report of the Nigerian Bureau of Statistics obtained today indicates on a year-on-year basis, the...
The naira has hit a record low at the parallel section of the foreign exchange market. The local currency closed at N1,415 yesterday compared to N1,365 to the greenback exchanged on Wednesday, January 24, 2024, reports Nigerian Tribune. Currency traders, also known as Bureau de Change (BDC) operators, put the buying rate of the greenback [&hel...
•Explosion Heavy explosion has rocked Maitama, the heart of Abuja. News of the incident had sent panic around the city. The FCT police command has however urged citizens not to panic as blast was due to an over-heated Refuse bin. FCT police command in a statement said the explosion occurred at about 11:45 pm, near […]
•Kanu and Buhari The Indigenous People of Biafra (IPOB) has reacted to the recent claims by the former media aide to former President Muhammadu Buhari, Femi Adesina revealing how Nnamdi Kanu’s assassination plot was converted to a jail sentence. Spokesperson of IPOB, Emma Powerful who was reacting to a statement credited to Adesina during his ...
No fewer than 227 deaths and 1,270 confirmed cases of Lassa fever were recorded in Nigeria from 28 states in 2023, Nigeria, the Nigeria Centre for Disease Control and Prevention, NCDC, has disclosed. Meanwhile, in response to the rapidly increasing cases of Lassa fever in Nigeria, NCDC through the National Lassa Fever Technical Working Group [...
The Cross River State Ministry of Health has raised the alarm over an outbreak of Lassa fever, which has already claimed one life in the Ejah Community of Osupong Ward 1, Obubra Local Government Area of the state. In a statement signed by the Commissioner of Health, Dr Egbe Ayuk, and made available to newsmen […]
•Dangote Refinery The Dangote Petroleum Refinery, yesterday, announced its readiness to commence production of refined petroleum products as it received the 6th batch of one million barrels of crude oil required by the plant for its initial operations. “Dangote refinery appears set to commence production of refined petroleum products with the ...
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