NewsReports

• Manufacturers urge govt to fix real sector problems to encourage price reduction• ‘Cost of local raw materials, OpEx still going up daily, we cannot keep up’• Oligopoly in cement, household items maintain price stronghold Despite naira maintaining a steady rise against foreign currencies in the foreign exchange market, prices of goods and food items are still high in most …

The first criminal trial of any former U.S. president began as Trump vies to reclaim the White House, creating a remarkable split-screen spectacle of the presumptive Republican nominee spending his days as a criminal defendant while simultaneously campaigning for office. He’s blended those roles over the last year by presenting himself to supporters, on the campaign trail and on social media, as …

Former Governor of Kaduna State Nasir El-Rufai has said the federal government is paying more on fuel subsidies now than before. El-Rufai sheds light on the current state of fuel subsidies in Nigeria and indicates that the federal government now expends more subsidies than ever before. El-Rufai emphasized, “The federal government is presently subsidizing fuel, a fact that may elude …

The food inflation rate in March 2024 quickened to 40.01 per cent on a year-on-year basis Nigeria’s annual inflation rate rose to 33.20 per cent in March from 31.70 per cent in February, the National Bureau of Statistics (NBS) said on Monday. The statistics office said the March 2024 headline inflation rate increased by 1.50 per cent compared to the …

The President of Nigeria, Ahmed Tinubu, has stated that Nigeria will no longer pay ransoms of any kind for the release of kidnapped or abducted persons, in relation to the abducted Chibok girls which is 10 years today This announcement was made via the social media handle @PBATMediaCentre, President Bola Ahmed Tinubu Media Centre, on Monday, April 15, 2024. The …

The Federal Government has said it will cut down on tax expenditure and ensure tax incentives which would positively impact the economy. This was disclosed in a press release signed by the Director, Information & Public Relations, Mohammed Manga, on  April 15, 2024. The Federal Government has revealed plans to ultimately cut down on the cost of tax expenditure and …

The Coroner, Magistrate Mikhail Kadiri, inquiring into the cause of death of the late student of Dowen College, Lagos, Sylvester Oromoni has cleared the school and its students of any wrongdoings. The returned a verdict that the deceased died a natural death. In a judgment that lasted over 6 hours, the coroner also held that the death was however avoidable …

The unprecedented attack by Iran on Israel early Sunday ratcheted up regional tensions, confirming long-held fears about the Israel-Hamas war spiraling into a broader conflagration. But Iran, Israel, the United States and Hamas also walked away with some gains. However, Israel’s response could restore faith in its military. As the more than 300 drones and missiles headed toward Israel in …

The abductors of the wife, Mrs Abigail Orbunde and housemaid, Patience Ogute, of Terwase Orbunde, a former Chief of Staff to the immediate past governor of Benue State, Samuel Ortom, have demanded N100m ransom. A close ally of Orbunde, Tahav Argezua, disclosed this in a statement on Saturday. Orbunde, alongside his wife and the housemaid, was attacked when they had …

Nollywood actress, Adanma Luke, who was the producer of the movie titled “The Other Side of Life,” in which Junior Pope was starring before his death, has broken her silence on the incident. Junior Pope and four other crew members died when their boat capsized while returning from a movie location on the River Niger. In videos shared on her …