Archive for category: news updates

A man has shared his experience on how he discovered that his family members only want him for his money. He said he got suspended from work because of some fra¥d issue that happened. He decided to go home to be with his family during that time. He jokingly lied to his mother...

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President Bola Tinubu has said that importing food items to address the soaring cost of food production in the country is not an option at this point for this current administration as Nigeria is potentially capable of feeding itself, Nairametrics is reporting. The president, represented by the Minister of...

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Misery of Nigerian importers have continued to worsen as the Central Bank of Nigeria (CBN), on Wednesday, readjusted the Customs exchange rate from N1444.56/$1 to N1,481.482/$1. According to information gathered, the exchange rate was reviewed upward by N36.922 that is, 2.56 per cent against the last increment, in the...

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The House of Representatives has resolved to stop sports betting in the country, and urged the National Lottery Regulatory Commission (NLRC) to comply with the Lottery Regulatory Commission Act, 2005. The resolution followed the adoption of a motion by Rep. Kelechi Nwogu (PDP-Rivers) at plenary in Abuja on Thursday...

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Sultan of Sokoto, Muhammad Sa’ad Abubakar-led Northern Traditional Council, has warned that rising poverty, hunger and insecurity in the country will force people to revolt against President Bola Tinubu’s government very soon, Peoples Gazette is reporting. “It is getting to a level that traditional leaders could no longer pacify...

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Africa Cup of Nations Runners-up, Super Eagles of Nigeria have moved up by 14 spots to placed 28th in the world in the February FIFA ranking. In the ranking table published on the website of the world football governing body on Thursday, the team garnered 1,522 points as against...

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Nigeria’s inflation increased to 29.90 per cent in January 2024 from 28.92 per cent recorded in December 2023 amid rising food prices. The National Bureau of Statistics, NBS disclosed this on Thursday in its latest Consumer Price Index. According to the bureau, the figure is 0.98 per cent points...

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The naira dipped to N1,600 against the dollar on Thursday as Nigeria’s economy continues to h¥rt under President Bola Tinubu’s watch, Peoples Gazette is reporting. According to Aboki Forex, the naira plunged to N1,600 to $1 despite efforts by the Central Bank of Nigeria to salvage the free fall...

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The Nigerian Upstream Petroleum Regulatory Commission is currently considering relocating some of its units to Lagos, according to a document seen by Channels. The memo dated February 14, 2024, said the decision was to enhance its service delivery, reduce operational costs, and make adequate utilisation of its assets in Lagos....

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The United Kingdom’s economy has entered a recession as its gross domestic product (GDP) fell by 0.3 percent in December 2023. According to the UK’s Office For National Statistics (ONS), the fall in GDP was due to a decline in all main sectors of the economy. This is the...

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