Tag: economy

Top 5 Stories Of The Day | CBN Sanctions Nine Banks Over Cash Hoard

Top 5 Stories Of The Day | External Debt Servicing Rises to $2.78bn — CBN

External debt servicing rises to $2.78bn — CBN  Tinubu meets Xi Jinping today, signs bilateral agreements PDP Governors, Wike may clash as NWC meets on Wednesday 10 protesters charged with…

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Boko Haram Attacks Yobe School, Shoots Students Dead

Top 5 Stories Of The Day | Boko Haram Attacks Yobe School, Shoots Students Dead

Boko Haram attacks Yobe school, shoots students dead FG pleads with resident doctors to suspend the strike and resume work Mpox Outbreak: Nigeria records eight more cases 70,000 students including…

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Top 5 Stories Of The Day | Tinubu Okays 50% Electricity Subsidy for Varsities and Teaching Hospitals

Tinubu okays 50% electricity subsidy for varsities and teaching hospitals Canada's new rule restricts visitors from obtaining work permits FG proposes a 10-year repayment plan for prepaid metres Tinubu works…

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Top 5 Stories Of The Day | NCC Declares September 14 Last Deadline for NIN-SIM Linkage

NCC declares September 14 last deadline for NIN-SIM linkage Police officer and 19 others held for alleged involvement in terrorism ASUU and FG adjourn strike meeting as FG reviews ASUU’s…

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Cooking Gas Prices Increase to ₦17,000 per 12.5kg

Top 5 Stories Of The Day | Cooking Gas Prices Increase to ₦17,000 per 12.5kg

Cooking gas prices increase to ₦17,000 per 12.5kg Mpox: Nigeria receives 10,000 vaccine doses from US Lagos Red Line Rail resumes partial operations NLC President to be interrogated over alleged…

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FG Approves Age 18 as Age Limit for WAEC and NECO

Top 5 Stories Of The Day | FG Approves Age 18 as Age Limit for WAEC and NECO

FG approves age 18 as age limit for WAEC and NECO NBS reports Nigeria’s GDP increased by 3.19% in the second quarter of 2024 FG threatens to shut down filling…

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Top 5 Stories Of The Day| NNPC Reduces Petrol Prices in Lagos and Abuja

Top 5 Stories Of The Day | NNPCL Transfers Ownership of Fuel Stations to OVH Energy Marketing Limited

NNPCL transfers ownership of fuel stations to OVH Energy Marketing Limited Bolt restricts inter-country ride requests as Nigerians and South Africans order empty rides in new trend Seven #EndSARS protesters…

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Top 5 Stories Of The Day | Nigeria's Passport Ranked 96th Worldwide with Access to 46 Countries

Top 5 Stories Of The Day | FG Increases Prices of Nigerian International Passports to ₦100k and ₦50k

FG increases prices of Nigerian international passports to ₦100k and ₦50k Ministry of Education affirms that FG is working fervently to avoid the upcoming ASUU strike FAAN MD claims Nigerian…

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SEC Considers Licensing Cryptocurrency Firms to Support Youths

Top 5 Stories Of The Day | SEC Considers Licensing Cryptocurrency Firms to Support Youths

SEC considers licensing cryptocurrency firms to support youths Local airlines ground 42 aircraft over lack of forex CBN takes credit for the recent reduction of inflation in the country 43…

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ASUU Threatens to Strike Once Again Despite Tertiary Institutions’ Reforms

Top 5 Stories Of The Day | ASUU Threatens to Strike Once Again Despite Tertiary Institutions’ Reforms

ASUU threatens to strike once again despite tertiary institutions’ reforms Tinubu panel and Dangote Group agree on September for petrol rollout MTN Group reports huge loss due to naira devaluation…

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NDLEA Proposes Compulsory Drug Tests for Tertiary Institution Admissions

Top 5 Stories Of The Day | NDLEA Proposes Compulsory Drug Tests for Tertiary Institution Admissions

NDLEA proposes compulsory drug tests for tertiary institution admissions Tinubu requests that NNPCL use its federation dividend payment for fuel subsidy Fuel scarcity bites Nigerians as Lagos and Abuja queue…

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Top 5 Stories Of The Day | No Consequences for Nigerians Unable to Recite the New National Anthem

No consequences for Nigerians unable to recite the new national anthem Nigeria in a legal battle with Chinese firm as firm demands $70 million arbitration award CBN reports Nigeria's employment…

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Lagos State Government Warns Lagosians of Traffic Diversion at Ikeja Along

Top 5 Stories Of The Day | Lagos State Government Warns Lagosians of Traffic Diversion at Ikeja Along

Lagos State Government warns Lagosians of traffic diversion at Ikeja Along Aviation workers vow to strike due to deduction of 50% of revenue Ex-NANTA chief urges FG to step in…

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Hackers Allegedly Take Over GTBank’s Website in a Phishing Attack

Top 5 Stories Of The Day | Hackers Allegedly Take Over GTBank’s Website in a Phishing Attack

Hackers allegedly take over GTBank’s website in a phishing attack 149 Nigerians returned from Niger Republic Minister of Sports demands a state of emergency in sports after 2024 Paris Olympics…

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House of Reps Allegedly Proposes Bills to Hinder Civil Rights

Top 5 Stories Of The Day | House of Reps Allegedly Proposes Bills to Hinder Civil Rights

House of Reps allegedly proposes bills to hinder civil rights EFCC donates ₦50 billion crime proceeds to NELFUND Revenue Commission reveals how much Nigerian Senators earn monthly Federal government reveals…

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Top 5 Stories Of The Day| FCCPC and Keyamo Hold Different Views on the Air Peace Investigation

Top 5 Stories Of The Day | Keyamo Threatens Reciprocity Over UK Heathrow Airport’s Denial of a Slot for Air Peace

Keyamo threatens reciprocity over UK Heathrow Airport's denial of a slot for Air Peace Oil marketers narrate why they halted importation of petrol Lagos State announces price slash for Blue…

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Top 5 Stories Of The Day | FG Lifts Suspension of Arik Air’s Operations

FG lifts suspension of Arik Air’s operations Nigeria ranked ninth African investment destination Naira trades at ₦1,596/$ as forex inflows hit $25 billion New cement company offers Nigerians cement for…

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Top 5 Stories Of The Day | Wale Edun Assures that Nigeria has Saved ₦20 billion from Tinubu's Policies

Top 5 Stories Of The Day | Minister of Finance Claims 4.3 Million Nigerians Benefitted from Direct Money Transfers from the Gov’t

Minister of Finance claims 4.3 million Nigerians benefitted from direct money transfers from the govt CBN approves the merger of Providus Bank and Unity Bank NCC instructs Telecoms to divulge…

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#EndBadGovernance Organisers Declare Three Days to Mourn Slain Protesters

Top 5 Stories Of The Day | #EndHunger Protest: Curfew Placed in Kaduna, Bauchi, Plateau as Lagos and Other States Resume Business Activities

#EndHunger protest: curfew placed in Kaduna, Bauchi, Plateau as Lagos and other States resume business activities  The national grid collapses for the fifth time this year Overland Airways announces plans…

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Nationwide Protest Begins Today, August 1

Top 5 Stories Of The Day | Nationwide Protest Begins Today, August 1

Nationwide protest begins today, August 1 Two courts restrict protesters to Abuja Stadium and four locations in Ogun State Vice Chancellors claim students might begin to pay ₦80k for electricity…

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National Assembly approves of emergency rule, Tinubu applauds their efforts Ibok-Ete Ibas assumes the role of sole administrator in Rivers State, demands civility Nigerian passport rises in global ranks, secures 91st position Atiku announces coalition of parties against 2027 general election Minister of Interior reveals that FG pardoned 4,000 prisoners, saving ₦1 billion on feeding Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn't miss. National Assembly approves of emergency rule, Tinubu applauds their efforts The National Assembly has approved President Bola Tinubu’s request to impose emergency rule in Rivers State, leading to the dissolution of the state government and the appointment of a sole administrator for a six-month period. In response, President Tinubu expressed appreciation to the National Assembly for what he described as a “patriotic decision.” His comments were shared in a statement released by his special adviser on information and strategy, Bayo Onanuga. “The situation in Rivers State had reached a critical point, posing a serious threat to essential oil and gas infrastructure security. This instability risked undermining the national economy and jeopardising the progress achieved through the reforms implemented since our administration began in May 2023,” Tinubu stated. Ibok-Ete Ibas assumes the role of sole administrator in Rivers State, demands civility Ibok-Ete Ibas, the sole administrator of Rivers State, has warned that his administration will not allow anyone to disrupt the peace and stability of the state. Speaking in a state-wide address from Port Harcourt, the state capital, Ibas said there would be no place for disorder under his leadership. He explained that his main goal is to bring back law and order while creating the right conditions for democracy to return to the state. “Let me be clear, under my leadership, people’s rights and freedoms will be respected and protected. The rule of law will be strictly followed,” Ibas said. Nigerian passport rises in global ranks, secures 91st position Nigeria has climbed one spot to 91st place in the latest global passport ranking out of 199 countries. While this marks a small improvement in the country’s global standing, travel remains challenging for Nigerian citizens, as visa-free access is still limited to 45 countries, the same as last year. According to the Henley Passport Index for 2025, Nigeria shares the 91st position with Ethiopia and Myanmar, both of which are dealing with conflicts involving armed groups. Atiku announces coalition of parties against 2027 general election Former Vice President Atiku Abubakar has announced forming a coalition to remove President Bola Ahmed Tinubu from office in the 2027 elections. Speaking at a meeting of key opposition leaders in Abuja, Atiku made the declaration during a press conference attended by several opposition figures, including former APC members who have defected. When asked if this new coalition would serve as the main opposition against the APC in 2027, Atiku responded, “Yes, this marks the beginning of the opposition coalition ahead of 2027.” Minister of Interior reveals that FG pardoned 4,000 prisoners, saving ₦1 billion on feeding The Minister of Interior, Dr. Olubunmi Tunji-Ojo, has announced that the Federal Government released over 4,000 inmates from correctional facilities as part of efforts to reduce overcrowding, saving ₦1 billion in feeding costs. Tunji-Ojo explained that many of those released had been jailed over minor fines, and the initiative ensured their swift freedom. “Last year, just over 4,000 inmates were released in one day. We conducted a detailed analysis and found that many inmates were there due to petty fines. This project allowed us to release over 4,082 inmates, saving the government ₦1 billion in feeding costs,” he stated.

Top 5 Stories Of The Day | Nigerian Passport Gains Visa-free Access to 45 Countries in Global Ranking, Rises to 92nd

Nigerian passport gains visa-free access to 45 countries in global ranking, rises to 92nd NCS suspends import duties and tax on critical food items Nigeria requests for $500m from World…

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SERAP Demands for Account of ₦100 Billion Dirty Notes from CBN

Top 5 Stories Of The Day | SERAP Demands for Account of ₦100 Billion Dirty Notes from CBN

SERAP demands for account of ₦100 billion dirty notes from CBN NLC warns protesters to leave Lagos out of their schemes Babcock University VC speaks out over ₦300 million May…

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Oando Denies Ownership of Malta Oil Storage Amidst Accusation

Top 5 Stories Of The Day | Oando Denies Ownership of Malta Oil Storage Amidst Accusation

Oando denies ownership of Malta oil storage amidst accusation CBN sells $148m to 29 licensed dealers in two days Petrol queues resume in Abuja, Ogun State in fear of upcoming…

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States Fine Google and Meta for Tax Evasion

Top 5 Stories Of The Day | Meta Deleted 63,000 Accounts Connected to Cybercrime

Meta deleted 63,000 accounts connected to cybercrime Dangote and local refineries set to end petrol importation Governors and Ministers meet to stop the hunger protest Nigerian Customs Service auctions 26,625…

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Top 5 Stories Of The Day | Polytechnics May Award Degrees as Supporting Bill Passes Second Reading

Top 5 Stories Of The Day | Representatives Demand the Reversal of Electricity Tariff Hike

Representatives demand the reversal of electricity tariff hike 58 countries show support for Okonjo-Iweala’s return as WTO DG for a second term House of Representatives pass the ₦70,000 minimum wage…

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Top 5 Stories Of The Day | Dangote Offers to Sell 650,000 bpd Oil Refinery to NNPCL

Dangote offers to sell 650,000 bpd oil refinery to NNPCL 119 passengers narrowly escaped death as Abuja-bound aeroplane’s tyres burst US President Biden backs out of Presidency election and endorses…

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Top 5 Stories Of The Day | Tinubu Offered to Pay ₦250k Minimum Wage if the Unions Agreed to Increase of Petrol Price

Tinubu offered to pay ₦250k minimum wage if the Unions agreed to increase of petrol price SSANU and NASU threaten to shut down tertiary institutions as they protest for withheld…

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President Tinubu Approves ₦70,000 as New Minimum Wage

President Tinubu Approves ₦70,000 as New Minimum Wage

The President of Nigeria, Bola Ahmed Tinubu, has officially announced and approved ₦70,000 as the new minimum wage for Nigerians after the back-and-forth between the Organised Labour and the federal…

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House of Representatives pass the ₦70,000 minimum wage bill

Top 5 Stories Of The Day | Bill Seeking Six-year Single Term for Presidency Passes First Reading

Bill seeking six-years single term for presidency passes first reading Report reveals over 600,000 filed for asylum under Buhari’s administration UAE debunks demanding $10k bank balance and ₦640k visa application…

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Top 5 Stories Of The Day| Foreign Minister Reveals Nigeria and UAE Plan to Settle Visa Dispute

Top 5 Stories Of The Day | UAE Lifts Visa Ban on Nigerians

UAE lifts visa ban on Nigerians FG reveals minimum wage bill will be sent to National Assembly after NLC meeting with Tinubu Mercy Chinwo and husband provide 100 UNICAL students…

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