BREAKING: NBS Introduces New CPI Indices to Guide Policymakers

Statistician-General of the Federation (SGF)/Chief Executive, National Bureau of Statistics (NBS), Mr. Adeyemi Adeniran, on Tuesday, announced improvements to the reporting of the Consumer Price Index (CPI), publishing some new special indices to better inform policymakers. The development came as the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) readied to commence … Read more

BREAKING: DSS threatens legal action against media houses over report of presence at Lagos Assembly

The Department of State Services (DSS) has issued a stern warning to Daar Communications PLC, owners of Africa Independent Television (AIT), threatening legal action over what it described as a “false, defamatory, and malicious” report about its activities at the Lagos State House of Assembly. The controversy stems from a report aired by AIT, alleging … Read more

BREAKING: 2 Suspected Killers Responsible for Killing Anambra Lawmaker Escape From Police Custody

Two individuals accused of participating in the killing of Justice Azuka, a member of the Anambra State House of Assembly, have escaped from police custody, sparking concerns over security lapses. Police confirm escape The Anambra state Police Command confirmed the development in a statement released on Tuesday, February 18, by its spokesperson, Tochukwu Ikenga. PRemium … Read more

BREAKING: ‘We Are Struggling’ – 109 Embassies In Financial Distress As Workers Owed Over Six-month Salaries

At least 450 foreign service officers across 109 Nigerian missions abroad have gone without salaries for the past five to six months, leaving them in financial distress and struggling to meet basic obligations such as rent and school fees. The acting spokesperson of the Ministry of Foreign Affairs, Kimiebi Ebienfa, acknowledged the issue and assured … Read more

BREAKING: Nigeria moves to tax cryptocurrency as SEC tightens regulations

The Securities and Exchange Commission (SEC) is tightening regulations to ensure that cryptocurrency transactions and other digitized trades are brought under the formal tax system. This effort, aimed at boosting government revenue, represents a strategic shift from previous policies that largely discouraged crypto trading. Now, authorities are looking to tap into the booming digital economy, … Read more

BREAKING: NBTI boss lauds EFCC, seeks collaboration to disrupt financial crimes networks

The Director General and Chief Executive Officer of the National Board for Technology Incubation (NBTI), Dr Kazeem Kolawole Raji, has commended the leadership of the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, praising the Commission’s achievements in the fight against corruption. Dr Raji made the remarks on Tuesday, 18th … Read more

BREAKING: UCH Resident Doctors Declare Indefinite Strike Over Power Outage

Resident doctors at the University College Hospital (UCH) in Ibadan, under the Association of Resident Doctors (ARD), have commenced an indefinite strike due to prolonged power outages affecting parts of their residential quarters. The ARD secretary, Uthman Adedeji, stated that while electricity was recently restored to UCH after more than 100 days of blackout, some … Read more