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 […]
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 […]
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 […]
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. […]
World champions Argentina opened their bid for back-to-back Copa America titles with a 2-0 win over Canada in front of a crowd of 70,564 at Mercedes-Benz Stadium on Thursday. Julian Alvarez put Argentina ahead in the 49th minute but a combination of inspired goalkeeping from Canada’s Max Crepeau and Lionel Messi’s surprising lack of precision […]
Harry Kane insisted England will find the right formula for Euro 2024 success despite their lacklustre display in Thursday’s 1-1 draw against Denmark. Gareth Southgate’s side would have qualified for the last 16 as Group C winners if they had defeated the Danes in Frankfurt. England captain Kane gave them the perfect start with a clinical […]
Russia neutralised 114 drones launched by Ukraine overnight, with at least one person killed in the attacks, officials said on Friday.”Russian anti-aerial defence systems intercepted and destroyed 70 drones over Crimea and the Black Sea, 43 drones over the Krasnodar region and one drone over Volgograd,” the defence ministry said in a statement. In Krasnodar, […]
No fewer than 37 deaths have been recorded in the current Cholera outbreak, which has hit 30 states, including Lagos and Ogun. The Special Adviser to the Lagos State Governor on Health, Dr Kemi Ogunyemi, in a statement on Thursday by the Director of Public Affairs in the state Ministry of Health, Tunbosun Ogunbanwo, said […]
Prices of tomatoes and pepper in the North have continued to soar despite the items being in their season. The development has reached an alarming level such that residents say their prices have stripped them to bare bones. Most of the residents further groan that the prices of pepper and tomatoes in particular have further […]
The Inspector General of Police, Kayode Egbetokun on Thursday, stated that his officers would remain at the Rivers State Local Government secretariats until the court rules on the local government chairmen tenure extension crisis in the state. A clash occurred on Tuesday in Port Harcourt, the state capital, over the tenure of Local Government Council […]
