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Wednesday, January 22, 2025

CATEGORY

Economy

UI Economics department not ordinary- Adenikinju

The president of Nigerian Economic Society and former Head, Department of Economics University of Ibadan, Professor Adeola Adenikinju, has challenged students and alumni of...

Minimum wage: Alao demands full enforcement in Oyo

A chieftain of the All Progressives Congress (APC) in Oyo State and former gubernatorial aspirant, Engineer Hakeem Alao has urged Governor Seyi Makinde to...

Port Harcourt Refinery: Loader confirms commencement of operation, rebukes false information

Dibia Isaiah, a loader and the Chief Security Officer of Alesa Kingdom, Rivers State, has confirmed that the Port Harcourt Refinery, recently relaunched by...

CBN hikes interest rate to 27.5%

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) from 27.25% to 27.50% to curb rising inflation. This decision was made...

Naira falls to N1,745/$ in parallel market, gains in NAFEM

The Naira weakened further in the parallel market, closing at N1,745 per dollar on Thursday, down from N1,740 per dollar recorded on Wednesday. In contrast,...

GenCos suffer N229.6 billion losses as grid instability persists

Nigeria's 21 operational electricity plants on the national grid have reportedly suffered financial losses of approximately N229.6 billion in 2024 due to repeated grid...

Naira strengthens to N1,725/$ in parallel market

The Naira appreciated to N1,725 per dollar in the parallel market on Tuesday, improving from N1,730 per dollar the previous day. In the Nigerian Autonomous...

BREAKING: Again, Tinubu-led govt increases fuel price

The Nigerian National Petroleum Company Limited (NNPCL), under President Bola Tinubu's government, has again increased the price of fuel at the pump amid growing...

Drama as man spotted eating roadside sacrifice amid Nigeria economic hardship

An unidentified Nigerian man has sparked mixed reactions after a video surfaced showing him eating a roadside sacrifice amid ongoing economic challenges in the...

NLC lashes IMF, World Bank says “allow Nigerians to breathe Freely”

The Nigeria Labour Congress (NLC) has censured the International Monetary Fund (IMF) and the World Bank to cease imposing what it describes as insincere...

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