Gold has long been considered a pillar of prosperity and economic security, over the years due to its value and widespread acceptance as an asset when economic conditions are unpredictable; however, recently there has been a growing interest in Bitcoin as a potential rival in this regard, leading to discussions and discourse among financial experts … Read more
The Nigerian Labour Congress (NLC) has reiterated its call for the Federal Government to withdraw the contentious tax bills currently before the National Assembly. In his New Year message, NLC President Joe Ajaero emphasized that the welfare of Nigerian workers is the primary reason for this demand. The NLC has urged the government to prioritize … Read more
Zainab Bayero, daughter of the late Emir of Kano, Ado Bayero, has raised the alarm about her family’s dire situation in Lagos, claiming they are stranded and without shelter. In a heartfelt video shared on social media, Zainab revealed that she, her mother, and her younger brother have been struggling to make ends meet since … Read more
Notorious bandit leader Bello Turji has reportedly resumed violent activities along the Shinkafi road in Zamfara State, disregarding recent appeals from senior Fulani leaders to halt his attacks. Intelligence sources revealed to Zagazola Makama that Turji and his armed group have been targeting travelers and communities along the road, creating widespread panic and severely disrupting … Read more
The Centre for Human Rights and Citizens’ Awareness, CHRICED, has criticized the 2025 budget presented by the Nigerian government, which is worth N49.7 trillion, saying that the budget shows a lack of concern for the needs of the poor and the pursuit of economic recovery. Comrade Ibrahim M. Zikirullahi, the Director of CHRICED Foundation, made … Read more
The value of the naira closed the year 2024 weaker than it opened the year with as the Central Bank of Nigeria (CBN) said capital inflow into the country rose to $1.89 billion in the month of October. From N907 to the dollar which it closed at the official end of the foreign exchange market … Read more
Resident doctors at the Ondo State University of Medical Sciences Teaching Hospital (UNIMEDTH), have begun an indefinite strike over the non-payment of hazard allowances and poor working conditions. The strike action, which began on Monday, followed a peaceful protest within the hospital’s premises. PREMIUM TIMES gathered that the health workers downed tools after repeated unmet … Read more
The Australian government has advised its citizens to reconsider the need to take a trip to Nigeria. A statement by the Australian Department of Foreign Affairs and Trade, DFAT, on Tuesday, cited a volatile security environment marked by terrorism, kidnapping and the potential outbreak of civil unrest as reasons for the advice. “Reconsider your need … Read more
The Central Bank of Nigeria has denied plans to declare old naira notes illegal. This development was communicated in a December 2024 news update of the CBN published on its website. According to the circular “in line with the Bank’s previous clarifications and to offer further assurance, the CBN wishes to reiterate that the subsisting … Read more
The Nigerian Electricity Regulatory Commission (NERC) has mandated electricity distribution companies (DisCos) to achieve a 95 per cent electricity offtake of their allocated energy for two out of three months per quarter. NERC said this in an addendum to its Order on Performance Monitoring Framework for Electricity Distribution Companies (DisCos), aimed at enhancing operational efficiency … Read more