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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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Oil firms, Dangote sign deal for affordable petrol supply

05.01.2025
The Dangote Petroleum Refinery says Heyden Petroleum and Ardova Plc have joined it to ensure the supply of affordable Premium Motor Spirit (petro) in Nigeria. The Dangote refinery in a statement on Thursday, said the two companies, propelled by the economic relief provided by President Bola Tinubu’s crude-for-naira swap initiative, entered into a bulk purchase...
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FG votes N105bn for aviation, plans refund to Kebbi

05.01.2025
The Federal Government has appropriated N105,953,496,365 to the aviation industry in the 2025 budget before the National Assembly. The 2025 allocation is an increase from the total budget of N63,317,450,275 in 2024. In the budget, the Federal Government also plans to refund the sum of N4bn to the Kebbi State Government for the construc­tion of...
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MTN finalises sale of Guinea operations to government

05.01.2025
MTN Group, Africa’s largest network operator by subscriber base, has announced the completion of the sale of its operations in Guinea (also known as “MTN Guinea-Conakry”) to the State of Guinea. The mobile operator disclosed this information in a statement obtained from its website on Thursday. The deal, finalised on December 30, 2024, aligns with...
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Naira weakens to 1,541/$

05.01.2025
The Nigerian naira weakened to N1,541.36/$ on the first day of trading in the New Year. According to the NFEM rate data available on the website of the Central Bank of Nigeria, this is a 0.36 per cent depreciation compared to the closing rate of 2024 which was N1,535.82/$. Some authorised dealers quoted the dollar...
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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
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

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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