Nigerian Army unveils two new helicopters in Abuja

The Nigerian Army (NA) on Thursday unveiled two newly acquired brand-new helicopters, marking a major milestone in the activation of its aviation capabilities. The delivery which is the first batch landed at the Nigeria Police Air Wing of the Nnamdi Azikiwe International Airport, Abuja at about 4:40 pm to the waiting hands top Offices led […]

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WHO announces global resurgence of cholera

The World Health Organisation (WHO) has announced an increase in cholera cases in several regions of the world. It also disclosed that almost 195,000 cases and over 1,900 deaths reported in 24 countries since the start of 2024. This was revealed in a statement on Thursday, stating that there are no reported cases in the […]

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Net forex inflow into economy falls 39% to $2.37bn

Net foreign exchange inflow into the economy fell by 39 per cent Month-on-Month, MoM, to $2.37 billion in January from $3.91 billion in December 2024. The CBN disclosed this in its monthly economic report for January, released yesterday. The report showed that the sharp decline in net forex inflow was caused by 95.7 per cent MoM […]

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FG’s deficit spending rises 8% to N1.07trn

The Federal Government’s deficit spending rose by 8.0 percent, year-on-year (YoY) to N1.07 trillion in January 2024 from N980 billion in January 2023. The deficit spending in January was also 18.6 per cent higher than the amount provided for in the 2024 approved budget. The Central Bank of Nigeria, CBN, disclosed this in its monthly Economic Report […]

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NEITI seeks stakeholders support to deepen reforms in extractive sector

The Nigeria Extractive Industries Transparency Initiative, NEITI, has solicited the support of stakeholders to deepen the ongoing reforms in Nigeria’s oil and gas industry and the solid minerals sector. The Executive Secretary of NEITI, Dr Orji Ogbonnaya Orji who made the appeal at the stakeholders validation workshop on the 2023 annual progress report in Nigeria’s extractive […]

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Cooking gas price rises by 70.12% in May — NBS

The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (LPG), commonly known as cooking gas rose by 70.12 per cent, Year-on-Year, YoY to N7,418.45 in May 2024 from N4,360.69 in May 2023. The National Bureau of Statistics (NBS) disclosed this in its Liquified Petroleum Gas (Cooking Gas) Price Watch for May 2024. […]

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