NLC, TUC Suspends Nationwide Strike; Naira Falls Against US Dollar at ₦1,114/$ in the Parallel Market | 5 Things That Should Matter Today

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss. NLC, TUC suspends nationwide strike The Organised Union comprising Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have suspended the strike after a joint National Executive Council Meeting held on Wednesday 15. The NLC... Read More

Rankings

5 Things that Should Matter Today, dollar, hajj, inflation, naira, Nigerian Market, Nigerian News, NLC Strike, Politics, saudi arabia, Tinubu, TUC

Top 5 Stories Of The Day | Tinubu Affirms that Nigeria is Too Rich in Resources to Remain Poor

July 19, 2023

Tinubu’s 51 Days in Office: Renewed Hope Dashed and Hearts Heavy

On May 29th, 2023, the nation witnessed the inauguration of Bola Tinubu as the president of Nigeria, with a promise of renewed hope and a brighter future. However, as we mark the 51st day since his swearing-in, it is increasingly evident that this promised optimism is nowhere to be found. Instead, Nigerians are facing a... Read More

Renewed Hope: A Magical Journey of Surging Petrol Prices, Inflation Galore, and Now…Renewed Electricity Tariff

“Tough times always last in Nigeria, and Nigerians have learned to be tough by force.” These words, uttered by an anonymous sage, have resonated with the Nigerian people for generations. Despite promises of a brighter future, President Bola Ahmed Tinubu’s administration has failed to deliver on its pledge to bring renewed hope to the nation... Read More

Overcoming Inflation’s Assault on Delayed Gratification

Inflation is the nemesis of delayed gratification. It’s a phrase that holds true in many contexts, but perhaps nowhere is it more evident than in the current economic landscape of Nigeria. While the global trend shows a deceleration in inflation rates, Nigeria is experiencing a sharp divergence with its consumer price index (CPI) continuing to... Read More

Deep Dive

Delayed Gratficiation, inflation, Long term planning, purchasing power, Rising food prices

February 15, 2023

Nigeria’s inflation hits 21.82 percent despite naira redesign

The consumer price index (CPI), which measures the rate of change in prices of goods and services, surged to 21.82 percent in January 2023, up from 21.34 percent in the previous month. The inflation rate data is contained in the latest consumer price index (CPI) report released on Wednesday by the National Bureau of Statistics... Read More

Deep Dive

Central Bank of Nigeria (CBN), Consumer Price Index, Godwin Emefiele, inflation, Naira redesign, National Bureau of Statistics (NBS)

January 23, 2023

You have what it takes to run Nigeria—Emir of Dutse tells Tinubu; North must return Tinubu’s support—Shettima | 5 Things That Should Matter Today

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss: You have what it takes to run Nigeria—Emir of Dutse tells Tinubu HRH Alhaji Nuhu Mohammed Sanusi, Emir of Dutse in Jigawa State, has stated that All Progressives Congress (APC) Presidential Candidate Asiwaju Bola Tinubu has... Read More

Rankings

August 30, 2022

How SMEs Can Manage Cost to Cope with High Inflation – Ayo Akinola

According to the National Bureau of Statistics (NBS) Inflation Report for July, the annual inflation rate has risen to 19.6% – the highest in 17 years. The truth is many business owners do not read these inflation reports, but they experience its impact nonetheless. What is Inflation? It is the measure of the rate of... Read More

Opinion

inflation, SMEs

August 16, 2022

Army thwarts ISWAP ambush, kills IEDs specialist, 3 others in Borno; Termites ‘eat up’ NSITF documents containing expenditures worth N17bn | 5 Things That Should Matter Today

Army thwarts ISWAP ambush, kills IEDs specialist, 3 others in Borno Termites ‘eat up’ NSITF documents containing expenditures worth N17bn Nigeria’s inflation hits 17-year high amid soaring food prices Policeman gets IGP award for rejecting $200,000 bribe from robbers E-Payments In Nigeria Hit N204.5 Trillion Between January And July 2022 – NIBBS Across Nigeria’s 36... Read More

Rankings

army, Borno State, E-payments, IGP award, inflation, ISWAP ambush, NIBBS, NSTIF documents, Termites

August 15, 2022

Nigeria’s Inflation Rate Surges To 19.64%

Nigeria’s Consumer Price Index (CPI), which gauges how much prices have changed for goods and services, increased from the previous month’s 18.60% to 19.64% in July 2022. According to the (CPI) report for July 2022, which the National Bureau of Statistics (NBS) released on Monday, this represents an increase of 1.82% month over month. “On... Read More

Deep Dive

inflation, nigeria

January 18, 2022

Shettima explains why Tinubu deserves APC presidential ticket | 5 Things That Should Matter Today

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top news stories you shouldn’t miss: PDP governors ask National Assembly to override Buhari’s veto Governors elected on the platform of the Peoples Democratic Party (PDP) have called on National Assembly members to hasten their decision on the controversial Electoral Act Amendment Bill 2021.... Read More

Rankings

Asiwaju Bola Tinubu, inflation, Kashim Shettima, Nnamdi Kanu, Peoples Democratic Party (PDP), Zamfara

December 23, 2020

Here’s what reopening of the borders mean for Nigeria

In August 2019, President Muhammadu Buhari ordered the closure of Nigeria’s land borders with the neighbouring Benin Republic, to check the indiscriminate smuggling of goods, and to encourage local production of rice and other food crops in the country to ensure food security. On December 16, 2020, Buhari ordered the reopening of the borders shortly after the... Read More

Deep Dive

economy, food security, inflation, Nigeria reopens her borders, smuggling

October 17, 2017

Inflation drops for 8th consecutive time, food prices rise – NBS report

Recent data released by the National Bureau of Statistics (NBS) Tuesday, shows that Nigeria’s inflation rate dropped to 15.98% from 16.01% for the month of September. It is the eighth consecutive time the country’s inflation rate is dropping in 2017. However, all major food sub-indexes increased by 20.32 percent year-on-year in September, an increase from... Read More

The News Blog

food prices, inflation, National Bureau of Statistics (NBS)

September 15, 2017

Inflation rate drops from 18.72% to 16.01%

The National Bureau of Statistics (NBS) has released a data analysis for inflation which shows that inflation has dropped for the seventh consecutive month in 2017. “Consumer price index (CPI) which measures inflation increased by 16.01% (year-on-year) in August 2017,” according to the NBS report released on Friday. “This was 0.04% points lower than the... Read More

The News Blog

food prices, inflation, inflation in Nigeria, transport prices

September 5, 2017

The Thread: Nigeria is officially out of recession. Here are the stats to prove it

It has been announced that Nigeria is technically out of recession. But as the reactions to the numbers below show, it doesn’t mean that the prices of goods and services have reduced. Heck, it doesn’t even mean that families are not feeling the pinch economically. It simply means that there is positive growth. This is... Read More

Opinion

economy, inflation, nigeria, recession, Stndard of living, Yemi Kale

September 2, 2017

N136.5m spent on Hajj; 110,000 displaced in Benue | The 5 numbers that mattered this week

12.1 million – The numbers of viewers who tuned in to watch the final episode of the seventh season of HBO series, Game of Thrones. An additional 4 million caught the episode on streaming channels. 110,000 – According to the Benue State Emergency Management Agency, this number of people were left homeless in 24 communities... Read More

Featured, The News Blog

APC, benue, flooding, Game of Thrones, hajj, inflation, NBS, numbers that mattered, PDP

September 1, 2017

Opinion: Reforming PENCOM through smart leadership

by Lanre Ogundimu The drive to sanitize Nigeria’s pension sector will appear to be an unending venture. In fact, it was the crisis that engulfed the sector, largely characterized by sharp practices and massive embezzlement by officials that gave birth to the National Pension Commission (PenCom) through the Pension Reform Act (PRA) 2014. The main... Read More

Opinion

arm, economy, inflation, nigeria, opinion, PenCom, Pension

May 16, 2017

Inflation rate drops for third consecutive month

by Azeez Adeniyi The National Bureau of Statistics on Tuesday said inflation dropped from 17.26 per cent in March to 17.24 per cent in the month of April. In a report, NBS said the 0.02 per cent points in inflation rate make it the third consecutive month of decline in the CPI. The report read... Read More

The News Blog

17.24%, inflation, reduce, third month

April 29, 2017

Nigeria moving out of recession – Lai Mohammed

by Dolapo Adelana Minister of Information and Culture, Alhaji Lai Mohammed, has said the country was gradually moving out of recession. Mohammed, who was represented by the Managing Director of the News Agency of Nigeria (NAN), Mr Bayo Onanuga, said this on Saturday at the biennial convention of the Nigerian Guild of Editors in Lagos.... Read More

The News Blog

Bayo Onanuga, inflation, lai mohammed, recession

March 21, 2017

BREAKING: CBN sustains interest rate at 14 per cent

by Dolapo Adelana The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday sustained interest rate at 14 per cent. The MPC, in its bid to keep inflation in the country down, also retained the Cash Reserves Ratio at 22.5 per cent and Liquidity Ratio at 30 per cent respectively. The MPC also... Read More

The News Blog

CBN, inflation, Interest, MPC

March 14, 2017

BREAKING: Inflation rate drops for the first time in 15 months

by Dolapo Adelana The rate of inflation in the country has dropped for the first time in 15 months. This is according to a report released on Tuesday by the National Bureau of Statistics. The report said, inflation dropped to 17.78% year on year in Feb 2017 from 18.72% in Jan 2017.

The News Blog

falls, inflation, National Bureau of Statistics, Rate

January 26, 2017

Nigeria’s monetary policy unbearable – Tinubu

The National Leader of the All Progressives Congress (APC), Asiwaju Bola Tinubu, has faulted the monetary policies of the Federal Government. Tinubu, who spoke on Wednesday as a guest lecturer at the National Defence College Course 25 lecture, titled, “Strategic Leadership: My Political Experiences”, said the policies are not in touch with the realities in... Read More

The News Blog

APC, Bola Ahmed Tinubu, economy, fiscal Policy, inflation, monetary policy

January 17, 2017

Reps question Adeosun, Udoma on exchange rate, inflation

Minister of Finance, Kemi Adeosun and the Minister of Budget and National Planning, Udoma Udo Udoma were on Monday grilled by members of House of Representatives. Both Ministers were questioned on the free fall of the naira against the US dollar and the rising inflation in the country. They appeared before the House Joint Committees... Read More

The News Blog

budget, exchange rate, House of Reps, inflation, Jemi Adeosun, Udoma Udo Udoma

September 28, 2016

Moses Ochonu: Why can’t we acknowledge the truth of Buhari’s incompetence?

First, they said it was too early to criticize PMB for non-performance. Why not wait a year before criticizing, they said. Thankfully, a year has since passed and things have worsened, so that excuse has expired. When “too early to criticize” wore thin, the Buharists transitioned to another excuse: 16 years of PDP damage cannot... Read More

Buhari, Buharists, economy, inflation, nigeria, pmb, recession

September 17, 2016

4,285 megawatts; 0.5 per cent… | The 5 numbers that mattered this week

4,285 megawatts – The amount electricity companies currently generate according to the Transmission Company of Nigeria (TCN). $15 million – The amount of money belonging to former First Lady Patience Jonathan currently frozen by the EFCC. N350 billion – The amount FG plans to inject into economy next week. 18 – The number of Nigerians who died... Read More

economy, EFCC, Electricity, hajj, inflation, nigeria, Patience Jonathan, saudi arabia

September 16, 2016

#30Days30Voices: ‘For days now, the economic situation has worsened’

In recent months several financial institutions have been in the news for either laying off workers or having financial difficulties. Much like other sectors of the Nigerian economy, financial service sector is also groaning under the weight of the present economic situation. On today’s episode of #30Days30voices, a citizen tells us how the present economic... Read More

#30days30voices, bankers, banking, banks, Finance, inflation, nigeria, recession

Top 5 Stories Of The Day | Nigerians Lament As Fuel Scarcity Persists, Sells For Over ₦1,000/litre

Top 5 Stories Of The Day | Naira Depreciates in Official and Parallel Market

NLC, TUC Suspends Nationwide Strike; Naira Falls Against US Dollar at ₦1,114/$ in the Parallel Market | 5 Things That Should Matter Today

Tinubu’s 51 Days in Office: Renewed Hope Dashed and Hearts Heavy

I’m Working Day and Night to Solve Our Challenges – Tinubu Assures Nigerians in Eid al-Adha Message; Lagos State Govt Approves Collection of Vehicle Ownership Verification Fee | 5 Things That Should Matter Today

Renewed Hope: A Magical Journey of Surging Petrol Prices, Inflation Galore, and Now…Renewed Electricity Tariff

Hilda Baci Sets Guinness World Record by Cooking for 100 Consecutive Hours; Mompha’s Alleged N6bn Fraud Trial Scheduled for July 23 | 5 Things That Should Matter Today

Overcoming Inflation’s Assault on Delayed Gratification

IPOB Ranks as the 10th Deadliest Group Worldwide; Amaechi to Rivers People: You’re our Problem Not Wike | 5 Things That Should Matter Today

Nigeria’s inflation hits 21.82 percent despite naira redesign

You have what it takes to run Nigeria—Emir of Dutse tells Tinubu; North must return Tinubu’s support—Shettima | 5 Things That Should Matter Today

How SMEs Can Manage Cost to Cope with High Inflation – Ayo Akinola

Army thwarts ISWAP ambush, kills IEDs specialist, 3 others in Borno; Termites ‘eat up’ NSITF documents containing expenditures worth N17bn | 5 Things That Should Matter Today

Nigeria’s Inflation Rate Surges To 19.64%

Shettima explains why Tinubu deserves APC presidential ticket | 5 Things That Should Matter Today

Here’s what reopening of the borders mean for Nigeria

Inflation drops for 8th consecutive time, food prices rise – NBS report

Inflation rate drops from 18.72% to 16.01%

The Thread: Nigeria is officially out of recession. Here are the stats to prove it

N136.5m spent on Hajj; 110,000 displaced in Benue | The 5 numbers that mattered this week

Opinion: Reforming PENCOM through smart leadership

Inflation rate drops for third consecutive month

Nigeria moving out of recession – Lai Mohammed

BREAKING: CBN sustains interest rate at 14 per cent

BREAKING: Inflation rate drops for the first time in 15 months

Nigeria’s monetary policy unbearable – Tinubu

Reps question Adeosun, Udoma on exchange rate, inflation

Moses Ochonu: Why can’t we acknowledge the truth of Buhari’s incompetence?

4,285 megawatts; 0.5 per cent… | The 5 numbers that mattered this week

#30Days30Voices: ‘For days now, the economic situation has worsened’

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