Nigeria’s Inflation Rises to 32.7% Amid Soaring Food Prices and Fuel Costs

EconomyNewsNigeriaNigeria’s Inflation Rises to 32.7% Amid Soaring Food Prices and Fuel Costs

By Ezinwanne Onwuka (Senior Reporter)October 17, 2024

Nigeria’s inflation rate surged to 32.7 per cent in September 2024, reversing the decline recorded in July and August, according to the latest Consumer Price Index, CPI, report from the National Bureau of Statistics, NBS. The new figure represents an increase from 32.15 per cent recorded in August, deepening economic challenges already impacting citizens amid ongoing fuel price hikes. “This means that in September 2024, the rate of increase in the average price level is...

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Court Rules in Favour of Falana and Falz in Defamation Case Against VeryDarkMan

Law & JusticeNewsNigeriaCourt Rules in Favour of Falana and Falz in Defamation Case Against VeryDarkMan

By Ezinwanne Onwuka (Senior Reporter)October 15, 2024

…Orders Takedown of Defamatory Social Media Posts The Lagos State High Court has issued an order restraining Martins Otse, a social media critic popularly known as VeryDarkMan, from circulating defamatory videos and comments about renowned human rights lawyer Femi Falana (SAN) and his son, Folarin Falana, also known as Falz. In a ruling delivered on Monday by Justice M. O. Dawodu in suit no: ID/8584/GCM/2024, the court directed VeryDarkMan to remove the defamatory posts made...

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World Bank Grants Nigeria $500 Million to Boost Post-COVID Recovery

BusinessEconomyNewsNigeriaWorld Bank Grants Nigeria $500 Million to Boost Post-COVID Recovery

By Ezinwanne Onwuka (Senior Reporter)October 15, 2024

…Vice President Gill Urges Government to Sustain Reforms Despite Hardships The World Bank has announced a $500 million grant to support Nigeria’s recovery from the economic impacts of the COVID-19 pandemic through the Nigeria Community Action for Resilience and Economic Stimulus, NG-CARES, programme. Launched in 2021, NG-CARES was designed to assist vulnerable households and micro-small enterprises affected by the pandemic. Dr Lire Ersado, the World Bank Task Team Leader for NG-CARES, disclosed the new funding...

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Super Eagles Abandon AFCON Qualifier in Libya After 12-Hour Airport Ordeal

NewsNigeriaSoccerSportsSuper Eagles Abandon AFCON Qualifier in Libya After 12-Hour Airport Ordeal

By Ezinwanne Onwuka (Senior Reporter)October 15, 2024

The Super Eagles of Nigeria have withdrawn from their 2025 Africa Cup of Nations, AFCON, qualifying match against Libya following a harrowing 12-hour ordeal at Al Abraq International Airport. The Nigerian contingent, including players and officials, landed in Libya on Sunday evening only to face unexpected obstacles that left them stranded and without assistance. The Nigerian squad had travelled to Libya after securing a 1-0 victory over Libya last Friday at the Godswill Akpabio Stadium,...

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“Times Are Difficult, Eat Free Food When You Can,” Akpabio Tells Nigerians

NewsNigeriaPolitics“Times Are Difficult, Eat Free Food When You Can,” Akpabio Tells Nigerians

By Ezinwanne Onwuka (Senior Reporter)October 14, 20241

The President of the Senate, Godswill Akpabio, has advised Nigerians to seize every opportunity to eat free food as they grapple with the country’s rising economic challenges. Akpabio made the statement during a plenary session, where he said, “Times are difficult, and wherever you see free food, please endeavour to avail yourself,” according to a video that went viral on Sunday. The remark, made in a jovial tone, drew laughter from other senators despite the...

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US Charges Air Peace Boss Onyema with Money Laundering and Document Fraud

NewsNigeriaPoliticsUS Charges Air Peace Boss Onyema with Money Laundering and Document Fraud

By Ezinwanne Onwuka (Senior Reporter)October 13, 2024

…Air Peace Confident in Onyema’s Exoneration Allen Onyema, the Chairman and CEO of Air Peace, Nigeria’s major airline, and Ejiroghene Eghagha, the airline’s Chief Administration and Finance Officer, are facing charges in the United States for alleged money laundering and obstruction of justice. The charges stem from a federal investigation launched in 2019. US authorities accuse Onyema of moving over $20 million from Nigeria to US bank accounts through a scheme involving “false documents” used...

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Nigerian Army Commander Under Investigation for Administrative Discrepancies

Crime & SecurityNewsPoliticsNigerian Army Commander Under Investigation for Administrative Discrepancies

By Ezinwanne Onwuka (Senior Reporter)October 10, 2024

The Nigerian Army has announced that the immediate past Commander of 3 Brigade, Kano, Brig.-Gen. M.A. Sadiq, is currently undergoing a military investigation into administrative discrepancies. The investigation is being conducted by the Army’s internal disciplinary mechanisms. In a statement released on Wednesday, the Director of Army Public Relations, Maj.-Gen. Onyema Nwachukwu, stated that the former brigade commander was relieved of his command to facilitate a thorough investigation. “The Nigerian Army being a self-regulatory institution...

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Fuel Prices Soar as NNPCL Ends Subsidy Role in Dangote Refinery Deal

NewsNigeriaOil & GasFuel Prices Soar as NNPCL Ends Subsidy Role in Dangote Refinery Deal

By Ezinwanne Onwuka (Senior Reporter)October 10, 2024

The Nigerian National Petroleum Company Limited, NNPCL, has increased the pump price of Premium Motor Spirit, PMS, commonly known as petrol, across its retail outlets nationwide. The development follows recent changes in the company’s role in petroleum distribution. In Abuja, the capital city, NNPCL fuel stations have raised the price of petrol from N897 per litre to N1,030 per litre amid long queues. In Lagos, the price of petrol has also surged from N885 per...

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Tinubu Hails Zainab Shinkafi-Bagudu On Her Election As UICC President 

NewsNigeriaPoliticsTinubu Hails Zainab Shinkafi-Bagudu On Her Election As UICC President 

By Ezinwanne Onwuka (Senior Reporter)October 9, 2024

President Bola Ahmed Tinubu has hailed Dr. Zainab Shinkafi-Bagudu, a renowned pediatrician with distinguished career in public health and former First Lady of Kebbi State, on her election as President of the Union for International Cancer Control (UICC). Tinubu in the congratulatory message on Wednesday signed by his Special Adviser on Information & Strategy, Bayo Onanuga, underscores the historic significance of Dr. Shinkafi-Bagudu’s election on October 8 as the first African and the fifth woman...

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CAS Appoints Air Commodore Akinboyewa, DOPRI, Redeploys Air Vice Marshal Gabkwet

NewsNigeriaCAS Appoints Air Commodore Akinboyewa, DOPRI, Redeploys Air Vice Marshal Gabkwet

By Ezinwanne Onwuka (Senior Reporter)October 8, 2024

The Chief of Air Staff (CAS), Air Marshal Hasan Abubakar, has approved the appointment of Air Commodore Olusola Akinboyewa as the new Director of Public Relations and Information (DOPRI) for the Nigerian Air Force (NAF). A press statement on Tuesday signed by Kabiru Ali               Group Captain, Deputy Director Public Relations and Information, NAF, noted that the Air Force boss also approved the redeployment of the erstwhile DOPRI, Air Vice...

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