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Persistent inflation hindrance to economic growth, says expert

06.01.2025
An economic analyst, Dr Dominic Joshua, has said persistent inflation will hinder the country’s economic growth if not checked by the Bola Tinubu administration. In a statement on Saturday, Joshua said Nigeria’s inflation rate is projected to increase, drawing insights from the current economic landscape and the recently unveiled 2025 national budget. The economic analyst also...
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NICA backs FG on national credit guarantee company

06.01.2025
The National Institute of Credit Administration has expressed support for the planned National Credit Guarantee Company expected to come to life by the end of the second quarter of 2025. This was disclosed in a statement signed by NICA’s Registrar/Chief Executive Officer, Prof Chris Onalo, where he said the move would boost access to credit...
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$1tn undisclosed debt poses threat to low-income nations – IMF

06.01.2025
The International Monetary Fund has warned that undisclosed public debt, estimated at $1 trillion globally, poses a growing threat to economic growth in low-income nations already grappling with mounting fiscal challenges. In a blog post shared on its official X account on Thursday, the IMF warned that undisclosed government liabilities undermine accountability and increase the...
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NCAA to sanction more airlines over consumer complaints

06.01.2025
The Nigerian Civil Aviation Authority has disclosed plans to sanction more airlines for infractions related to consumer protection. This development follows recent enforcement actions taken against several carriers for unresolved complaints and non-compliance with regulatory directives. The Director of Public Affairs and Consumer Protection at the NCAA, Michael Achimugu, confirmed to Sunday PUNCH that further...
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Inflation, low productivity major economic threats – NESG

06.01.2025
The Chairman of the Nigerian Economic Summit Group, Niyi Yusuf, has advocated for urgent sectoral reforms as Nigeria faces a tough road ahead. He pointed out that inflation, high interest rates, and sluggish sector growth continue to challenge economic stability and might linger this year if not adequately tackled. Yusuf offered an assessment of Nigeria’s...
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Global food prices dropped 2% in 2024 — FAO

06.01.2025
Global food commodity prices declined by 2.1 per cent in 2024 compared to the previous year, the Food and Agriculture Organisation of the United Nations stated. However, prices remain significantly higher than pre-Covid-19 levels, AFP reported on Friday. The FAO’s overall Food Price Index averaged 122.0 points in 2024, representing a decline of 2.6 points,...
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FG to support farmers with N132bn

06.01.2025
The Federal Government has allocated N132bn to support farmers and farming activities in 2025. This allocation disclosed in the 2025 Appropriation Bill forms part of a broader plan under the National Agricultural Development Fund, aimed at tackling poverty, low productivity, and limited access to resources, which have long hindered agricultural growth in Nigeria. The NADF,...
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Rainoil executive inspires Delta kids in festive party

06.01.2025
The Group Executive Director of Rainoil Limited, Godfrey Ogbechie, hosted 1,500 children at the Idumuje-Ugboko Children Christmas Party, an annual celebration aimed at fostering joy and inspiration in the Aniocha North Local Government Area of Delta State. The information was disclosed in a statement, highlighting the event’s focus on promoting education and creating lasting memories...
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Subscribers to sue telcos over 100% tariff hike proposal

05.01.2025
Subscribers have said they are preparing to sue telecommunications companies over a proposed tariff hike that could double service costs nationwide. Telecom operators have defended the increase as essential to offset rising operational expenses, but the National Association of Telecommunications Subscribers has strongly opposed it. NATCOMS President Adeolu Ogunbanjo said the group plans to file...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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