The National Bureau of Statistics (NBS) says Nigeria’s unemployment rate increased to 5.3 percent in the first quarter (Q1) of 2024. In a report on Tuesday, NBS said the unemployment rate increased compared to the 5 percent recorded in Q3 2023. NBS defined the unemployment rate as the share of …
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The Nigerian Electricity Regulatory Commission (NERC) says the electricity subsidy bill rose to N180.8 billion in September. NERC announced the electricity subsidy bill in its monthly supplementary order released on September 12. On April 3, NERC approved an increase in electricity tariff for customers under the Band A classification to …
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Spot FX market turnover was $9.90bn (N15.74trn) in August 2024, representing a 33.88 per cent ($2.51bn) Month on Month (MoM) increase from the turnover recorded in July 2024 ($7.39bn). This was contained in the FMDQ Markets Monthly Report for August 2024. Nigeria’s foreign exchange market has encountered significant challenges, largely …
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Nnamdi Kanu, IPOB leader: trial adjourned till next year Justice Binta Nyako of a Federal High Court in Abuja, on Tuesday, recused herself from the trial of Nnamdi Kanu, the detained leader of the proscribed Indigenous People of Biafra (IPOB) Justice Nyako withdrew from the case following oral applications by …
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Agunbiade confirmed the letters from the EFCC related to the accounts, marked as Exhibit 1a and 2a, and GTB’s responses, marked as Exhibit 2a and 2b. Adewale Agunbiade, a key witness in the trial of former Minister of Power and Steel, Olu Agunloye, testified on September 23, 2024, regarding alleged …
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President Bola Tinubu has asked the senate to confirm Kudirat Kekere-Ekun as the substantive chief justice of Nigeria (CJN). The president’s request was contained in a letter read by Senate President Godswill Akpabio on the floor of the upper legislative chamber on Tuesday. Kekere-Ekun has been in the office in …
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Afrobeats singer, Ahmed Ololade Asake, popularly known as Asake has sold out his show at London’s highly acclaimed O2 Arena for the second time. The venue is in the centre of The O2 entertainment complex on the Greenwich Peninsula in southeast London, United Kingdom. Asake, who is currently on his …
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A potentially hazardous incident occurred earlier on Monday involving an Embraer ERJ 145 aircraft operated by Air Peace Airlines. As the plane descended into Nnamdi Azikiwe International Airport in Abuja, the windshield shattered. Fortunately, despite the alarming nature of this event, the flight, which had departed from Akure in Ondo …
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The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has called on the Federal Government to end fuel subsidies completely. He said the removal would help determine the actual petrol consumption in the country, as he confirmed ownership of two oil blocks in the upstream sector with an …
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The National Drug Law Enforcement Agency (NDLEA) has apprehended an ex-convict, Christian Ogbuji for importing 817 wraps of cocaine weighing 19.40kg with an estimated value of N4.6billion at Murtala Muhammed International Airport (MMIA). This is contained in a statement issued by NDLEA spokesman, Femi Babafemi, on Tuesday in Abuja. …
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