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The Nigerian naira has plunged to a record low of N1348.63 per dollar, marking a staggering 51.21% depreciation since last Friday and raising alarm bells across the nation. This historic low defies ongoing efforts by the Central Bank of Nigeria (CBN) and the federal government to stabilize the currency, leaving many wondering what lies ahead […]

Nigeria’s consumers, stung by the sharp bite of inflation, are turning to banks with record frequency, sending loan demand to its highest level in nearly four years. Official data from the Central Bank of Nigeria (CBN) reveals a dramatic surge in borrowing, fueled by shrinking incomes and the struggle to make ends meet. Consumer credit […]

The Presidency has revealed the companies that will be participating in the 50 per cent slash of inter-state transport fares approved by President Bola Tinubu. Tinubu, on Wednesday, approved the reduction as well as free train rides for Nigerians starting Thursday, December 21, 2023, to January 4, 2024. The Minister of Solid Minerals Development, Dele […]

With just 26 days remaining before the December deadline, the Nigerian National Petroleum Corporation Limited (NNPCL) faces intensifying pressure to fulfill its promise of completing the Port Harcourt Refinery revamp. The state-owned oil company’s November 23rd confirmation that the refinery will be operational by December has ignited widespread skepticism, with analysts expressing doubts about the […]

Senator representing Benue South Senatorial District, Abba Moro, today, emerged Senate Minority leader. Moro, a two term Senator on the platform of the Peoples Democratic Party, (PDP), was nominated by the opposition party in the red Chamber and was subsequently affirmed. He took over from Senator Simon Davou Mwadkwon representing Plateau North Senatorial District who […]

Tope Maggie commenced his quest for the longest cooking marathon on Nov 9, 2023. In June, prior to the cook-a-thon’s kickoff, Tope Maggie announced that his application to break this cooking record had been approved, revealing his initial plan to cook for 140 hours and 20 minutes. However, with Alan Fisher breaking Hilda Baci’s record, […]