President Buhari Unveils 1 Million Bags Of Rice Pyramids In Abuja (Pictures)
The Executive Governor of Jigawa state Alhaji Mohammed Badaru Abubakar joins President Muhammadu Buhari to unveil the FCT MEGA rice pyramids in Abuja. The One million paddy rice stacked in 15 separate pyramids in Abuja, is in collaboration of the CBN with the Rice Farmers Association of Nigeria (RIFAN). Five State Governors including Ekiti, Kayode Fayemi; Kebbi, Atiku Bagudu; Cross River,...
National Economic Council Suspends Fuel Subsidy Removal
The National Economic Council, NEC, has suspended the planned removal of subsidy on petroleum products by the end of President Muhammadu Buhari’s administration. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed disclosed this while briefing State House correspondents at the end of the NEC meeting presided over by Vice President Yemi Osinbajo at the Presidential Villa, Abuja. She...
Cardoso Reaffirms Commitment To Enhance Financial Stability
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to shaping global regulatory frameworks for stablecoins and other digital assets, emphasizing that innovation must enhance financial stability. Olayemi Cardoso, governor of the CBN, made this known in Washington D.C. while briefing journalists at the close of the 2025 annual meetings of the International Monetary Fund (IMF) and the World...
World Bank Approves $1.5billion Loan To Strengthen Nigeria’s Economy
The World Bank has finally approved Nigeria’s request for a $1.5 billion loan. This was announced in a statement by World Bank on Tuesday noting that the facility is a five-year Country Partnership Framework (CPF) that will last from 2021 to 2024. “This Country Partnership Framework will guide our engagement for the next 5 years in supporting the Government of Nigeria’s...
It’s Time To Pay Workers Living Wage In Line With Current Realities, Says Reps Speaker Abass
Speaker of the House of Representatives, Tajudeen Abass, has advocated a review of salaries for workers in the country. Abass said this in a statement by his Special Adviser on Media and Publicity, Musa Abdullahi Krishi, in Abuja on Monday. He said it was imperative to take a look at what an average worker would need to be paid as salary...
Tinubu Considers Extension Old Naira Notes Use
President Bola Ahmed Tinubu is thinking of extending the validity of old naira notes. The Central Bank of Nigeria (CBN) had redesigned the naira last year and set a deadline that was extended after outcry. However, ruling in a suit filed by some aggrieved governors, the Supreme Court shifted the deadline to December 2023. But in an Advisory Report released by President...
Buhari Moves To Lift 100 Million Nigerians Out Of Poverty, Inaugurates Committee
President Muhammadu Buhari has inaugurated the National Steering Committee (NSC) of the National Poverty Reduction with Growth Strategy (NPRGS) to be chaired by the Vice President, Professor Yemi Osinbajo. In his remarks at the event on Tuesday in Abuja, the President reiterated his commitment to lifting 100 million Nigerians out of poverty in 10 years, with a well-researched framework for...
BREAKING! Inflation rises to 12.13%
Nigeria’s annual inflation accelerated to 12.13% in January from 11.98% in December, the National Bureau of Statistics said on Tuesday. A separate food price index showed inflation at 14.85% in January, compared with 14.67% in December. The 12.13 per cent inflation rate represents an increase of 0.15 percentage point over the index recorded in December last year. An analysis of the NBS...
Festus Keyamo Speaks On Possible Date For Resumption Of UAE Flight To Nigeria
The Minister of Aviation and Aerospace Development, Mr Festus Keyamo, has revealed that the United Arab Emirates (UAE) airlines could resume flight operations to Nigeria before June. The Minister made the revelation on a breakfast programme, the Morning Show, on Arise TV while confirming that he received a letter from Emirates Airline affirming that all issues had been resolved. “Emirates flight...
‘High Petrol Price Could Spike Headline Inflation To 20%’ – J P Morgan
Meanwhile, President Bola Tinubu declared that petrol subsidy payments have ceased during his inaugural speech on May 29. Nigerian National Petroleum Company (NNPC) Limited instantly modified the pump price at all of its retail outlets across the country. According to JP Morgan, the country's petrol price hike might result in headline inflation rising from 22.41 percent in May 2023 to 25...
