Nigeria’s Inflation Rate Drops to 33.40% in July

EconomyNewsNigeriaNigeria’s Inflation Rate Drops to 33.40% in July

By Ezinwanne Onwuka (Senior Reporter)August 16, 2024

The National Bureau of Statistics, NBS, has announced a decline in Nigeria’s headline inflation rate to 33.40 per cent in July, representing a 0.8 per cent point decrease from the 34.19 per cent recorded in June. According to the NBS Consumer Price Index and Inflation Report for July, released on Thursday in Abuja, the year-on-year inflation rate in July 2024 was 9.32 per cent higher than the rate recorded in July 2023, which stood at...

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Nigeria, Equatorial Guinea Sign Historic Gas Pipeline Agreement

NewsNigeriaPoliticsNigeria, Equatorial Guinea Sign Historic Gas Pipeline Agreement

By Ezinwanne Onwuka (Senior Reporter)August 16, 2024

President Bola Tinubu and his Equatorial Guinea counterpart, President Teodoro Obiang Nguema Mbasogo, yesterday signed a landmark agreement on the Gulf of Guinea Pipeline Project. Speaking at the signing ceremony, President Tinubu, who is on a three-day official visit to Equatorial Guinea, said that the agreement will open up new opportunities for gas exploration and employment. He added that they both discussed the “various areas of conflicts and what we can do to promote peace”...

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Oil Companies face severe scrutiny from Anambra House of Assembly

NewsNigeriaOil & GasOil Companies face severe scrutiny from Anambra House of Assembly

PilotnewsAugust 15, 2024

Anambra Assembly Demands Explanation Over Destruction Of Livelihood in Ogbaru, Ihiala, Other Oil Producing Council Area Anambra State House of Assembly, has summoned the oil and gas exploration companies operating in the state to appear before the House in plenary on Tuesday, 3rd September, 2024 at 12.00 noon to provide a comprehensive briefing on their general business activities within the state. The Speaker, Right Honourable Somtochukwu Udeze, issued the summon during plenary session following a...

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Chinese Firm Seizes 3 Presidential Jets Over Contract Fallout with Ogun Government

NewsNigeriaChinese Firm Seizes 3 Presidential Jets Over Contract Fallout with Ogun Government

By Ezinwanne Onwuka (Senior Reporter)August 15, 2024

A failed agreement between the Ogun State government and Chinese firm, Zhongshan, has taken a new twist with the seizure of three presidential jets belonging to the Federal Government of Nigeria. The dispute originated in 2010 when the Ogun State government entered into a contract with Zhongshan to manage an export processing zone. However, the relationship between both parties was strained, leading the state government to revoke the contract in 2016. Following the termination, Zhongshan...

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NLC Accuses Federal Govt of Declaring “Hybrid War” on Organisation

NewsNigeriaPoliticsNLC Accuses Federal Govt of Declaring “Hybrid War” on Organisation

By Ezinwanne Onwuka (Senior Reporter)August 15, 2024

The Nigeria Labour Congress, NLC, has accused the federal government of declaring a “hybrid war” on the organisation, following the recent raid on its secretariat by security personnel. Addressing a press conference at Labour House, Abuja, on Thursday, the Head of Information and Public Affairs, Benson Upah, stated that the government’s refusal to meet the congress’s demands, five days after they were made, was a clear indication of its intention to silence the organisation. Upah...

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Governor’s Eno’s WhatsApp Account hacked by fraudsters

NewsNigeriaPoliticsGovernor’s Eno’s WhatsApp Account hacked by fraudsters

Hassan Umar Shallpella (Regional Correspondent)August 15, 2024

The WhatsApp number of Akwa-Ibom State, Governor Umo Eno has been hacked by fraudsters who asked for money from his contacts. Many of Mr Eno’s phone contacts have received messages from his WhatsApp number on Tuesday asking them to transfer a specified amount of money to an account and promising reimbursement later. While alerting the public in a statement on Wednesday, the Press Secretary to the Governor Ekerete Udon said law enforcement agents are on...

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Flood: 16 Perish In Jigawa, Over 5,000 Households Displaced In Yobe

NewsNigeriaFlood: 16 Perish In Jigawa, Over 5,000 Households Displaced In Yobe

Hassan Umar Shallpella (Regional Correspondent)August 15, 2024

No fewer than 16 people have died and 3,936 households have been displaced by severe flooding across 10 local government areas in Jigawa State. Haruna Mariga, Executive Secretary of the State Emergency Management Agency (SEMA), who revealed this on Wednesday, said the majority of fatalities were due to the collapse of mud houses and boat accidents. He added that the disaster has also washed away 2,744 hectares of farmland, which had a severe impact on...

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Adamawa State Gov’t Bans Scavenging Across The State

NewsNigeriaPoliticsAdamawa State Gov’t Bans Scavenging Across The State

Hassan Umar Shallpella (Regional Correspondent)August 15, 2024

…Violators Risk 6 Months Imprisonment, N100,000 Fine Adamawa State Governor, Rt. Hon. Ahmadu Umaru Fintiri Wednesday signed an Executive Order prohibiting activities of Scavengers across the State. This is contained in a Press Release by the Chief Press Secretary to the Governor, Mr Humwashi Wonosikou, Wednesday evening said the executive order “takes effect on Wednesday, 14th August 2024, and shall remain in force in all 21 local government areas of Adamawa State until further notice.”...

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5,850 Private Schools In Benue Are Not Certified- BEQA

EducationNewsNigeria5,850 Private Schools In Benue Are Not Certified- BEQA

Hassan Umar Shallpella (Regional Correspondent)August 15, 2024

The Director General, Benue State Education Quality Assurance Agency (BEQA), Dr. Terna Francis has expressed concern that only 150 out of the 6,000 private schools operating in the state are certified. Dr. Francis this during a meeting with key stakeholders at the BEQA headquarters, in the light of plans to close unapproved schools and demolish substandard structures. Dr. Francis explained that over 6,000 private schools in Benue, only about 150 are fully certified, stressing that...

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FG Slashes Import Duties on Food Staples to Combat Inflation

NewsNigeriaPoliticsFG Slashes Import Duties on Food Staples to Combat Inflation

By Ezinwanne Onwuka (Senior Reporter)August 15, 2024

The Nigeria Customs Service, NCS, has begun the implementation of the zero per cent import duty and Value-Added Tax exemption on essential food items, as approved by President Bola Tinubu. According to a letter from the Ministry of Finance, dated 8 August 2024, the approval is aimed at reducing the high cost of food items in the Nigerian market. “This measure which is geared towards ameliorating the high cost of food items in the Nigerian...

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