Amid rising dollar liquidity and controlled FX demand, the naira gains value ahead of the Central Bank’s FX automation trial In a sign of increased dollar liquidity and moderated demand, the naira has shown a notable recovery ahead of the CBN FX automation trial. Closing at N1,600 per US dollar in the official market, the…
Nigerians urged to report distribution companies that demand consumers purchase transformers, poles, and cables In a recent reminder to Nigerians, the Nigerian Electricity Regulatory Commission (NERC) emphasized that DisCos must supply transformers and cables—a duty the Commission expects all electricity distribution companies to fulfill. NERC’s announcement aims to ensure that consumers are not burdened with…
Governors across Nigeria announce new minimum wages exceeding N70,000, aiming to improve worker welfare amid rising costs of living As part of a commitment to enhance civil servant welfare, 11 Nigerian governors have pledged to pay minimum wages above N70,000, marking a significant shift toward higher earnings for state workers. The move is seen as…
Tinubu’s Latest Ministerial Shifts and Fiscal Policies Ignite Discussions on Efficiency and Representation In a recent cabinet reshuffle and cost-cutting measure, President Bola Tinubu restructured his ministerial team and introduced policies aimed at reducing government expenditure. This reshuffle, highlighted by the re-assignment of several ministers, sparked a national debate over inclusivity and effective governance. The…
In a significant reshuffle, President Bola Tinubu redeploys 10 ministers across key ministries, signaling adjustments in his cabinet Tinubu reassigns Enoh, Uzoka-Anite, and eight other ministers in a major cabinet reshuffle aimed at optimizing the performance of key ministries. On Wednesday, October 23, 2024, President Bola Tinubu approved the redeployment of 10 ministers, as confirmed…
Major changes in the Federal Executive Council as the Ministry of Niger Delta and Ministry of Sports Development are scrapped, with several ministries consolidated In a bold move aimed at streamlining Nigeria’s governance, President Tinubu merges ministries as part of a Federal Executive Council (FEC) decision, eliminating two key ministries. The Niger Delta Ministry and…
The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth projection for 2024 to 2.9%, citing insecurity and climate-related challenges affecting key sectors The International Monetary Fund (IMF) has lowered Nigeria’s economic growth forecast for 2024 to 2.9%, reflecting a decline from earlier estimates. This adjustment comes as the IMF projects the global economic growth…
President Tinubu promotes CNG as an affordable alternative to petrol during recent energy initiative discussions In a recent address, President Bola Tinubu urged Nigerians to consider the new petrol and CNG pricing in Nigeria: petrol at N1,000 per litre and CNG at N200. During a meeting at the State House, he highlighted the government’s commitment…
Critics argue that the proposed 30-day youth conference is a political gimmick aimed at diverting attention from pressing issues, while others fear it’s a ploy to win youth support for the 2027 elections President Bola Tinubu’s proposal for a 30-day national youth conference, announced during his October 1 Independence Speech, has been met with widespread…
The Transmission Company of Nigeria confirms the continuous supply of 24-hour electricity to neighboring countries despite local challenges Nigeria consistently supplies 24-hour electricity to neighboring countries, including Niger, Togo, and Benin, according to the Transmission Company of Nigeria (TCN). Despite ongoing challenges within Nigeria’s power sector, TCN Chief Executive Officer, Sule Abdulaziz, revealed that these…
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