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Tag Archives: Nigeria

Nigeria’s Inflation Rate Surges To 11-month High

Nigeria’s inflation rate rose to its highest level in 11 months, rising from 16.82% recorded in April 2022 to 17.71%. This is according to the recently released Consumer Price Index report, released by the National Bureau of Statistics (NBS). Food inflation rose to 19.5% from 18.37% recorded in the previous month, while core inflation hit 14.9% in the review month. ...

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Bola Tinubu: Nigeria’s Political ‘Godfather’

Bola Tinubu, one of the national leaders of the ruling All Progressives Congress (APC) party, is a stalwart of Nigeria’s political scene Bola Tinubu, a political “godfather” famed for his deftness and clout, has never hidden his ambition to be president of Nigeria. In January when he announced his plans to champion the ruling APC party in the 2023 elections, ...

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NAFDAC Attains Maturity Level 3 Regulatory Status, Meets 868 WHO Recommendations

The National Agency For Food And Drug Administration and Control (NAFDAC) has announced that it has met 868 recommendations to attain “maturity level three” World Health Organisation (WHO) certification standard. This means NAFDAC has improved in standards in terms of administration, marketing and post-marketing, production registration and others. The Director-General Prof Mojisola Adeyeye announced the development at a press briefing ...

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Breaking: Kidnap Kingpin Evans, Two Others Sentenced To Life Imprisonment

Billionaire kidnap kingpin, Chukwudimeme Onwuamadike (alias Evans) was on Friday sentenced to life imprisonment along with two others by an Ikeja High Court. Evans and two others were found guilty of the kidnap of Mr Donatius Dunu, the Chief Executive Officer (CEO) of Maydon Pharmaceuticals Ltd. The others sentenced to life imprisonment are Uche Amadi and Okwuchukwu Nwachukwu. Justice Hakeem ...

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Nigeria, Egypt, 4 Other African Countries To Begin COVID Vaccine Production

The World Health Organization (WHO) said on Friday that  Nigeria, Egypt and four other African countries, (Kenya, Senegal, South Africa and Tunisia) would be the first on the continent to receive the technology needed to produce mRNA vaccines. The technology transfer project, launched last year, aims to help low- and middle-income countries manufacture mRNA vaccines at scale and according to ...

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Diezani: Sanusi, My Good Friend, Wanted To Be AfDB President But GEJ’s Men Frustrated Him

Diezani Alison-Madueke, immediate past minister of petroleum resources, has revealed that her “good friend”, Muhammad Sanusi II, the Emir of Kano, wanted to be president of African Development Bank (AfDB). She suggested that the former CBN governor could have been angry with her, based on how some people close to Goodluck Jonathan, the former president, frustrated his AfDB ambition. Akinwunmi Adesina, ...

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Buhari Asks Senate To Approve N2.55trn For Petrol Subsidy Payments

President Muhammadu Buhari has requested an additional provision of N2.557 trillion for petrol subsidy payments in 2022. The president said this in a letter sent to the national assembly requesting consideration and approval to accommodate the additional fuel subsidy funding. The letter proposed the amendment of the 2022 budget. Senate President Ahmad Lawan read Buhari’s letter on Wednesday at the ...

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Photos: The CBN/RIFAN Rice Pyramids Unveiled By President Buhari

President Muhammadu Buhari was present at the grounds of the Abuja Chamber of Commerce and Industries (ACCI) in the nation’s capital on Tuesday to unveil bags of rice paddy numbering one million stacked as pyramids. The one million rice paddy stacked in 15 separate pyramids is an initiative by the Central Bank of Nigeria (CBN)in collaboration with the Rice Farmers ...

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Saudi Arabia Bans Flights From Nigeria Over Omicron Fears

The Saudi Arabian government has suspended all incoming flights and entry to the Kingdom for non Saudi nationals coming directly or indirectly from Nigeria over fears of Omicron variant of coronavirus, which had been reported in Nigeria and several other countries around the world. A circular by the General Authority of Civil Aviation (GACA) to all airlines operating in the ...

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Court Declares Bandits As Terrorists

The Federal High Court Abuja has proscribed bandit groups as terrorists. In a ruling delivered by Justice Taiwo Taiwo on Friday, the court specifically held that activities of Yan Bindiga and Yan Ta’adda bandit groups, constitute acts of terrorism. The ruling followed an ex parte motion the Federal Government filed through the Federal Ministry of Justice. The FG had in ...

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