March 13, 2024

In a concerning turn of events, the Nigerian currency has experienced a depreciation against both the pound sterling and the euro. According to recent data from the Central Bank of Nigeria (CBN) on Monday, March 11, the naira fell against the pound by N54.89, trading at N2,091.02/£1 compared to the previous session’s value of N2,036.13/£1….

March 13, 2024

On Tuesday afternoon, March 12th, traders in Wuse Market, Federal Capital Territory (FCT), Abuja, erupted in fury following the fatal shooting of a hawker. According to an unidentified witness, the hawker was arrested and brought before a mobile court within the market. After being fined, the young man, unable to pay, was being transported to…

March 12, 2024

In a chilling recurrence of violence, gunmen targeted the University of Nigeria Teaching Hospital (UNTH) in Enugu State, unleashing terror as they abducted a female deputy director and a security personnel on Tuesday morning. Earlier this year, a resident doctor at the UNTH fell victim to a similar abduction attempt but miraculously escaped from the…

February 26, 2024

The soaring cost of living in Nigeria is now impacting the accessibility of essential commodities like sachet and bottled water, with prices reaching unprecedented levels. Currently, a bag of sachet water is priced at N500, while bottled water in certain cities is being sold for N300 per bottle. Water, being crucial for bodily functions, has…

February 23, 2024

In an Abuja workshop on Thursday, the Minister of State for Petroleum Resources announced that until local demands are met, there will be no export of Liquefied Petroleum Gas (LPG), commonly known as cooking gas. The government aims to enhance supply to domestic markets amidst escalating gas prices. Despite initiatives such as declaring the decade…

February 22, 2024

A mourning procession was held on Tuesday at the Obafemi Awolowo University campus in Ille-Ife to honor the late Olawuyi, a veterinary technologist at the university’s zoological garden. Late Olawuyi tragically lost his life while attempting to save a woman from a lion attack on the institution’s campus in Osun State. Late Olawuyi, who worked…

February 21, 2024

The Ministry of Finance Incorporated hosted an event themed “Championing Nigeria’s Economic Prosperity” aimed at raising $10bn to enhance liquidity in the foreign exchange market. Vice President Kashim Shattima, representing President Bola Ahmed Tinubu, disclosed this during the inaugural Public Wealth Management Conference in Abuja on Tuesday. However, on the same day, the naira plummeted…