Nigeria’s inflation Rate hits 34.80%
Nigeria’s headline inflation rate jumped to 34.80% in December 2024 from 34.60% in November 2024. In its latest Consumer Price Index report released yesterday, the National Bureau of Statistics said the December 2024 headline inflation rate showed a marginal increase of 0.20% compared to the November 2024 headline inflation rate. It attributed the increase to […]
CAF Postpones 2024 African Nations Championship to August
The Confederation of African Football, CAF, has postponed the 2024 African Nations Championship to August 2025. The competition to be hosted by Kenya, Tanzania and Uganda, was initially billed for February 1 to 28.CAF President, Patrice Motsepe, announced this today following the advice of CAF Technical and Infrastructure experts, who believe that more time is […]
Former World Heavyweight Champion Tyson Fury Retires From Boxing
Former world heavyweight champion, Tyson Fury, has retired from boxing. The 36-year-old former world champion announced this in a video posted on his Instagram, noting that his boxing career has been a blast and he has loved every single minute of it. Fury last fought in December when he lost his rematch against WBA (Super), WBC and […]
Enyimba on the Brink of CAF Confederation Cup Exit After Al Masry Draw
Enyimba face elimination in the CAF Confederation Cup after they held Al Masry of Egypt to a 1-1 draw in their Group D clash in Uyo on Sunday. Enyimba moved to third position in the group with five points following the stalemate. Enyimba will be away to defending champions Zamalek of Egypt, who booked their […]
FG Sets up Special Unit as Implementation of LGAs Financial Autonomy Begins
The Federation Account Allocation Committee (FAAC) is scheduled to hold its first meeting of the year on Wednesday this week, during which operational details for direct fund allocations to Local Government Areas (LGAs) are expected to be a key agenda item. Necessary structures and processes are believed to have been put in place to ensure […]
President Tinubu Calls for Increase in Currency Swap Between China and Nigeria
President Bola Tinubu has urged the Government of the People’s Republic of China to increase the $2 billion currency swap between Nigeria and China, to enhance trade between the two countries, speed up the infrastructural development in Nigeria and deepen the strategic bilateral relations. Receiving the Minister of Foreign Affairs of China, Wang Yi, at […]
South African Star Winnie Khumalo Dies at 51
South African actress and singer Winnie Khumalo has died at the age 51 after a short illness, her family has announced. The Afropop singer was known for her long musical career which began in the 1980s, and also appeared in popular South African TV series. She is best known for her hit song Live My […]
France Rejects Claims of Collusion with Nigeria to Destabilize Niger
France has described as “groundless” the allegation by Niger that Nigeria had offered space in its territory to France in order to destabilise the former French colony. Political Counsellor to the Embassy of France in Nigeria, Bertrand de Seissan, who expressed this thought in an interview said the matter was never been discussed, nor even […]
FG Approves Increase in Tariff for Telecommunication Companies
The federal government has approved the demand for tariff hike by Nigerian telecommunication companies, which had sought the approval of the Nigerian Communications Commission (NCC) for a 100 percent tariff increase. Rising from a stakeholders’ meeting with Mobile Network Operators (MNOs) yesterday in Abuja, Minister of Communications, Innovation and Digital Economy, Bosun Tijani, however, said […]
Biden Awards Presidential Medal of Freedom to Messi, Clinton, Denzel Washington, and Others
US President Joe Biden has awarded the nation’s highest civilian honor, the Presidential Medal of Freedom, to 19 people across politics, culture and the arts, including former Democratic presidential nominee Hillary Clinton, designer Ralph Lauren, U2 frontman Bono and philanthropist George Soros. According to a White House statement, the medal is presented to people “who […]
