The International Monetary Fund (IMF) has issued a formal apology to the Nigerian government following a heated exchange with Senator Ibrahim Musa during a recent economic roundtable in Washington, D.C. The apology came after the Senator confronted IMF representatives over what he described as “unsubstantiated and unfair criticisms” of President Bola Ahmed Tinubu’s economic reform…
Pastor Bakare Former presidential aspirant and presiding overseer of the Lagos-based Global Community Citadel Church, Pastor Tunde Bakare, has warned that under President Bola Tinubu, Nigeria risks a popular uprising unless the administration changes course on security and the economy. Addressing worshippers during his Easter State-of-the-Nation broadcast in Ikeja, the former APC presidential aspirant said…
Mixed reactions have trailed the recent demolition of the Head Office of the Innoson Vehicle Manufacturing (IVM) at Nnewi-Owerri Road at Nnewi in Nnewi North Local Government Area of Anambra state by the state government. The IVM Head Office building was partly demolished by the state government to make way for the ongoing road expansion…
No fewer than 27 persons are said to have been hospitalised following the crash of a digital digital asset trading platform, known as CBEX in Oyo State, reports Leadership.. Nigerians who subscribed to what is now regarded as a Ponzi scheme took to their various social media platforms to lament their losses after CBEX allegedly…
Former Nigerian military leader Ibrahim Gbadamosi Babangida has provided a comprehensive analysis of President Bola Tinubu‘s administration. Babangida ruled the country as military Head of State from 1985 to 1993, leaving behind a legacy of economic reforms, political controversies, and an empire of investments that continues to fuel speculation decades later. His administration was marked…
Nigeria’s annual gross domestic product (GDP) rate grew by 3.84 percent in the fourth quarter (Q4) of 2024, the National Bureau of Statistics, NBS, has announced. In its GDP report published on Tuesday, NBS said the growth rate is higher than the 3.46 percent recorded in Q3 2024. This also marked a slight increase from…
The Statistician-General of the Federation, Adeyemi Adeniran, has advised Nigerians to disregard reports that inflation has come down. Naija News reports that Adeniran explained that the report the Nigeria Bureau of Statistics (NBS) released was not the current inflation rate in the country. In an interview with Arise News, on Tuesday night, he stated that…
The Central Bank of Nigeria (CBN) has announced that next-of-kin, beneficiaries or legal agents can now claim unclaimed funds from inactive accounts by submitting applications to financial institutions. According to a report, the new directive provides a clear process for reclaiming unclaimed balances, ensuring that rightful owners can access funds left dormant for extended periods….
Tragedy struck on Saturday in Enugu when a petrol tanker exploded along the Ugwu Onyeama section of the Enugu -Onitsha Expressway, killing at least 15 people, including three children. The tragedy occurred around 11:30 a.m. when a fuel-laden tanker reportedly overturned while navigating the hilly and busy expressway. The resulting explosion sparked a massive fire,…
By Charles Ogwo Like a leaking roof dripping persistently, eroding the joys of family life, the rising cost of living in Nigeria has become an unrelenting burden. Food inflation hit a staggering 39.84 percent in December 2024, according to the National Bureau of Statistics (NBS), with no respite in sight. Nigerians are grappling with skyrocketing…
