Nigeria’s currency faces severe depreciation, ranking as one of the worst-performing globally in 2024, with experts pointing to fiscal imbalances and low foreign reserves The Naira’s depreciation continues to raise concerns as it dropped further to N1,710 per dollar in the parallel market, making it one of the worst-performing currencies globally in 2024. This trend…
Nigeria’s Finance Minister confirms the removal of fuel and foreign exchange subsidies while outlining economic plans to alleviate hardship The Nigerian government has confirmed that fuel and FX subsidies removed will remain a permanent policy, according to the Finance Minister, Wale Edun. Speaking at the World Bank’s Nigeria Development Update presentation in Abuja, Edun emphasized…
Despite economic hardship, the World Bank sees encouraging progress from Nigeria’s recent fiscal policies and reforms While many Nigerians express concern over the economic challenges resulting from recent policy changes, Nigeria’s fiscal reforms show positive results according to the World Bank. The international institution reported that the country is beginning to experience the benefits of…
JAMB responds to public pressure by adjusting the 16-year age requirement for university admissions until August 2025 The Joint Admissions and Matriculation Board (JAMB) has made a significant adjustment in response to public demand, as JAMB extends the 16-year admission age limit for candidates applying to tertiary institutions. This revision allows students who will turn…
Senator Orji Kalu reveals that President Tinubu is aware of the economic struggles facing Nigerians and discreetly tours Abuja to assess the situation firsthand Orji Kalu, the senator representing Abia North, has disclosed that President Bola Tinubu is fully aware of the economic difficulties currently being faced by Nigerians. According to Kalu, Tinubu makes efforts…
Governor Bala Mohammed of Bauchi State disputes the effectiveness of Nigeria’s economic reforms, calling for urgent policy reviews to address rising inflation and public hardship In a direct challenge to the World Bank’s stance, Bauchi State Governor Bala Mohammed has expressed strong dissatisfaction with the Federal Government’s economic reforms, claiming they are not delivering the…
In a show of unity, the Nigerian Senate passes a vote of confidence in Godswill Akpabio following rumors of an impeachment plot The Nigerian Senate has expressed its unwavering support for Senate President Godswill Akpabio by passing a vote of confidence in his leadership. This vote of confidence in Akpabio comes on the heels of…
The Independent National Electoral Commission (INEC) has acknowledged Julius Abure as the legitimate leader of the Labour Party, following recent legal rulings and internal resolutions The Independent National Electoral Commission (INEC) has reaffirmed Julius Abure as the legitimate chairman of the Labour Party, effectively putting an end to months of internal disputes within the party….
The World Bank emphasizes the importance of supporting Nigeria’s economic reforms to ensure long-term stability and growth The World Bank has called on Nigerians to fully support the ongoing economic reforms in Nigeria, cautioning that any opposition or reversal could have severe consequences for the nation’s economy. Speaking at the launch of the Nigeria Development…
A CNG-powered vehicle explosion at a NIPCO filling station in Benin leaves multiple people injured, raising concerns about CNG conversion safety A CNG vehicle explosion rocked a NIPCO filling station in Benin today, leaving several people injured and causing widespread panic. The explosion occurred when a CNG-powered vehicle erupted, shattering its trunk and scattering debris…
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