The country’s unemployment rate rose to 5.3 per cent in the first quarter of the year (Q1 2024) compared to 5 per cent in Q4 2023, the National Bureau of Statistics (NBS) said Tuesday.According the Nigeria Labour Force Statistics Report, Q1 2024, the employment-to-population ratio was 73.2 per cent, a
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The Central Bank of Nigeria (CBN) on Tuesday increased its benchmark interest rate, known as the Monetary Policy Rate (MPR), by 50 basis points to 27.25 percent, the fifth straight hike this year.The CBN also raised the Cash Reserve Ratio by 500 basis point to 50 percent from 45 percentAfter
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Justice Binta Nyako of the Federal High Court in Abuja has recused herself from the trial of the leader of the proscribed Indigenous People of Biafra, IPOB, Nnamdi Kanu in the terrorism charges brought against him by the federal government.The Judge on Tuesday opted out of the trial following the
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Oil marketers have assured Nigerians that the prices of Premium Motor Spirit (PMS), popularly known as petrol, will crash if they are allowed to lift petrol directly from the Dangote Refinery and Petrochemical Plant.The spokesperson for the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike while appearing as a
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