BREAKING: Mixed reactions as Nigeria’s inflation rate drops to 24.48% after rebasing

The sharp drop in Nigeria’s inflation rate from 34.8% in December 2024 to 24.48% in January 2025 has sparked mixed reactions from economic analysts, businesses, and households. Inflation rate dropped to 24.48% in January after a rebasing exercise, the country’s statistical authorities have revealed. The news figures showed food inflation rate now 26.08 percent while … Read more

BREAKING: Immigration Arrests 40 Illegal Migrants In Oyo

The Oyo State Command of the Nigeria Immigration Service has arrested 40 illegal immigrants at different locations in Akinyele Local Government Area of the state. They were arrested at their hideouts, following a credible intelligence. According to the Oyo State Comptroller of the Nigeria Immigration Service, Mr. Tayo Dada, their profiling revealed that 27 of … Read more

BREAKING: Atalanta Coach Blasts Ademola Lookman For Missing Penalty In Champions League Play-off

Atalanta manager, Gian Piero Gasperini, has criticized Super Eagles forward, Ademola Lookman for missing a penalty in his team’s 3-1 defeat to Club Brugge in the Champions League knockout round play-offs. Ademola Lookman made a strong return from injury, having been sidelined since the end of January with a knee issue, and he quickly showcased … Read more

BREAKING: FG Seeks Court Order for Binance to Pay $79B Fine, $2B Tax

The Nigerian government, through the Federal Inland Revenue Service (FIRS), has approached the Federal High Court in Abuja, seeking an order for Binance Holdings Limited, a global cryptocurrency exchange platform, to pay $79.5 billion for alleged economic losses and an additional $2 billion in unpaid taxes for 2022 and 2023. According to court documents, the … Read more

BREAKING: How To Fix Delisting Crisis In Nigeria’s Bourse

In the last 15 years, over 80 companies have left the Nigerian Exchange (NGX) either voluntarily or by regulatory action. The reasons are either they are pursuing strategic opportunities elsewhere or governance, liquidity crisis, and regulatory challenges. While already delisted companies like Capital Hotels, Ardova Plc, Union Bank, and Flour Mills of Nigeria are premised … Read more

BREAKING: ASUU Declares Indefinite Strike at Kaduna State University Over Welfare Issues

The Kaduna State University (KASU) chapter of the Academic Staff Union of Universities (ASUU) has embarked on an indefinite strike over unresolved welfare concerns. In a statement released on Tuesday, the union’s chairman, Peter Adamu, and secretary, Peter Waziri, confirmed that the decision followed approval from ASUU’s National Executive Council. The statement emphasized that the … Read more

BREAKING: Workers in 109 Embassies Lament Over 6-Month Unpaid Salaries, “The Debts are Piling Up”

FCT, Abuja – No fewer than 450 workers in 109 Nigerian missions abroad have not been paid their salaries for the past five to six months. The foreign service officers have been thrown into financial distress as they can no longer afford rent, children’s school fees, or other family and social obligations. Officials at various … Read more