President Bola Tinubu has again said that his administration is focused on reducing inflation from 34.6 percent to 15 per cent by 2025. Addressing Nigerians in a New Year Day broadcast, the president said the high cost of food and essential drugs has remained a significant concern for several households across the country. He said … Read more

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 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