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
Read More
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
Read More
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
Read More
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
Read More
By Uchechukwu Okoroafor, AbujaThe establishment of the South East Development Commission (SEDC) is a landmark achievement that has finally given hope to millions of people in the South East region of Nigeria. This long-awaited development initiative, signed into law by President Bola Ahmed Tinubu, is a pivotal step towards addressing
Read More
The Federal High Court in Abuja has granted bail to 10 members of the #endbadgovernance protesters.The protesters who are accused of attempting to overthrow President Bola Ahmed Tinubu, were granted bail in the sum of N10 million each, with stringent conditions.Justice Emeka Nwite, who delivered the ruling on Wednesday, ordered
Read More
By Uchechukwu Okoroafor, AbujaAs Nigeria takes a bold step towards regional development with the establishment of the South East Development Commission (SEDC), the expectations are high.The commission, championed by Honourable Benjamin Kalu, the Deputy Speaker of the House of Representatives, and signed into law by President Bola Ahmed Tinubu, is
Read More
The Department of State Services (DSS) has said that it never invaded the office of the Socio-Economic Rights and Accountability Project (SERAP) in Abuja on Monday.It explained that two of its unarmed officers only went to the office for a routine investigation.The DSS disclosed this on its official website on
Read More
The Nigeria Centre for Disease Control and Prevention (NCDC) says there are 55 confirmed cases of Monkey-pox (Mpox) nationwide.The centre made this known via its official website, noting that the 55 cases were confirmed from the 935 suspected cases across 39 local government areas in 21 states and the Federal
Read More
Another nationwide protest pressing for an end to the rising hardship under President Bola Tinubu’s government has been announced for October 1.The anticipated protests are dubbed #FearlessInOctober.In a statement released on Tuesday, the Take-It-Back Movement, a pro-democracy group, has called on citizens to unite and fight against the economic oppression
Read More