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
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
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
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
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
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
Awka, Anambra state – The Peoples Democratic Party (PDP) has set N40 million as the price for the form for the Anambra governorship election. Legit.ng recalls that the Independent National Electoral Commission (INEC) said the Anambra governorship election will hold on Saturday, November 8, 2025. The INEC chairman, Professor Mahmood Yakubu, explained that the date … Read more
United States President Donald Trump has raised concerns over what he describes as large-scale fraud in foreign aid distributed by previous U.S. administrations to various nations across Africa, Asia, and Europe. Speaking at a press conference at Mar-a-Lago on Tuesday, Trump criticized the spending of hundreds of billions of taxpayer dollars on projects and contracts … Read more
The Naira continued to strengthen against the dollar at the parallel foreign exchange market on Tuesday, February 18, 2025. However, the Central Bank of Nigeria (CBN) has yet to update the official rates again, more than 16 hours after the market closed. At the black market, the Naira gained N20 against the dollar to trade … Read more
United States President, Donald Trump has cast billionaire Elon Musk as a crucial figure in his administration, highlighting his role in enforcing the flood of executive orders issued since Trump’s return to the White House. During a joint Fox News interview, both men heaped praise on each other while brushing aside concerns over Trump’s aggressive … Read more