New Covid variant XEC spreads across multiple countries
People have started catching a new Covid variant that could soon take off and become the dominant type, according to scientists. Identified in Germany, in June, cases of the XEC variant which has some new mutations that might help it spread, have since emerged in the UK, US, Denmark and several other countries. Although typical […]
Nigeria’s inflation rate drops to 32.15% in August
Nigeria’s inflation rate dropped from 33.40% in July to 32.15% in August. This is the second month of consecutive inflation decline this year. In its Consumer Price Index report released yesterday, the National Bureau of Statistics said the headline inflation rate eased to 32.15% in August 2024, while food inflation stood at 37.52% in the […]
President Tinubu pledges creation of Disaster Relief Fund
President Bola Ahmed Tinubu has promised the establishment of a disaster relief fund to assist Nigerian citizens impacted by floods and other disasters. Speaking yesterday at the Borno Government House when he visited Maiduguri, to sympathise with the government and people over the recent flooding from Alau Dam, President Tinubu who sympathized with all the […]
CBN Releases New Directive for POS Transactions
Central Bank of Nigeria has released a new directive to Payment Service Providers, requiring them to comply with enhanced routing guidelines for Point of Sale (POS) transactions. A circular by Oladimeji Taiwo on behalf of the CBN’s Payments System Management Department, which says the move is aimed at strengthening the monitoring of electronic transactions across […]
Tinubu Visits King Charles III
President Bola Tinubu has met with King Charles III at Buckingham Palace in London, the United Kingdom. Special Adviser to the President on Information and Strategy, Bayo Onanuga, in a statement yesterday, described the meeting as private, highlighting the enduring and cherished relationship between Nigeria and the United Kingdom. According to the statement, both leaders […]
Nigeria’s Crude Oil Production Increases to 1.352 Million BPD
Nigeria’s crude oil production increased from 1.307 million barrels per day inJuly to 1.352mbpd in August. This is according to OPEC’s September Monthly Oil Market Report. OPEC reported that the average daily crude production rose marginally by 45,000barrels per day, based on information obtained through direct communication withthe Nigerian government. This report contradicts the Federal […]
FG Donates ₦3Billion as Flood Intervention Fund
Federal Government has donated ₦3bn as flood intervention fund to Borno Statefollowing the flood, which has displaced more than one million persons inMaiduguri, its capital. The State Governor, Professor Babagana Zulum, confirmed this while donatingcash to displaced persons taking refuge in the Bakassi IDP camp. Zulum said food items and other basic necessities will be […]
Tinubu Say Courageous Steps Have Been Taken to Reform Nigeria
President Bola Tinubu says his administration has taken courageous steps toreform Nigeria’s macroeconomic environment, to restore confidence in thenation’s economy. Represented by Vice President Kashim Shettima, at the 17th Annual Banking andFinance Conference in Abuja, the President said the government is rigorouslyworking to actualize through measures targeted at reducing inflation, stabilizingthe foreign exchange market and […]
Tinubu Approves 2024 National Honours Awards
President Bola Tinubu has approved the commencement of 2024 NationalHonours Award to Nigerians who have contributed to the development of thecountry, in line with the National Honours Award Act 2004. Minister of Special Duties and Intergovernmental Affairs, Zaphaniah Jisalo, whomade this known yesterday in Abuja, said the Federal Government would alsohonour Nigerians who have distinguished […]
Nigeria to Face Japan in Round of 16 at FIFA U-20 World Cup
Nigeria will face Japan in the Round of 16 at the 2024 FIFA U-20 Women’sWorld Cup. Japan confirmed their place in the knockout round after a 2-0 victory over Austriayesterday; finishing top of Group E ahead of Austria. The Falconets came second in Group D behind former champions Germany. The Nigerian encounter with Japan will […]
