On Monday, the value of the naira declined on the official and black markets. The naira lost value relative to the US dollar in the official Nigerian Autonomous Foreign Exchange Market, closing at 1,523.85 from the previous close of 1,509.67. For investors, exporters, and end users, NAFEM is the market trading sector where forex deals…
The ex-depot price of petrol has been boosted from N630 to N720 by private depot owners, causing a creeping fuel shortage in Lagos and other areas of the nation. This occurred on Sunday, as the scarcity of petrol worsened in Abuja and the surrounding states, with some filling stations charging as much as N900 per…
The National Assembly, according to the Senate, will make sure that every kobo spent in the N28.7 trillion 2024 Renewed Hope budget is tracked down. This was disclosed by Senate Spokesperson Yemi Adaramodu (APC, Ekiti-South) during her discussion on the monitoring and execution of the 2024 budget. The National Assembly’s N28.7tn appropriations bill was signed into…
The Nigeria Centre for Disease Control reports that the nation lacks enough immunizations as the number of fatalities from the most recent cholera epidemic approaches 40. Even though the exact delivery date is still uncertain, Nigeria has placed an order with donor organizations for more cholera vaccines, according to Dr. Jide Idris, Director General of…
According to Chief Oludare Adekolu, National Chairman of the Association of Greenfield Rice Producers, Marketers, and Entrepreneurs, Nigeria can produce significantly more rice than what is now produced, provided that real producers receive sufficient assistance. The CEO of Igbemo Rice Processing Company Limited, Adekolu, stated that his organization, which has branches across Nigeria, connects rice…
Cholera is an infectious disease that usually spreads through contaminated food and water that contain the Vibrio cholerae bacteria. It causes severe dehydration and diarrhea. The current cholera outbreak, which has impacted 30 states, including Lagos and Ogun, has resulted in no fewer than 37 deaths. In a statement released on Thursday by the State…
On Thursday, protesters descended upon the Kaduna State Government House, demanding that Governor Uba Sani extend an invitation to the Economic and Financial Crimes Commission and other pertinent law enforcement organizations to apprehend and prosecute Mallam Nasir El-Rufai, his predecessor, in light of the latter’s criminal indictment by the state House of Assembly. In a…
Refilling a 5-kg cylinder of Liquefied Petroleum Gas (LPG), usually costs N7,418.45 in May 2024, up from N4,360.69 in May 2023. This is a year-on-year increase of 70.12%. According to the NBS, Benue had the highest average cost of N8,012.03 for refilling a 5 kg gas cylinder in May 2024, followed by Enugu at N7,926.21 and Ondo…
Following their graduation from the Enterprise for Youth in Agriculture program, 25 indigenous people have received money and land from the Ogun State Government. The program is to support agricultural endeavors in the state and is being carried out in partnership with the Mastercard Foundation and Soiless Farm Lab. Bolu Owotomo, the Commissioner for Agriculture…
According to information on the NELFUND website on Monday, 137 universities nationwide have now partnered with the Nigerian Education Loan Fund. However, the data disclosed neither the identities of the participating institutions nor their status as state- or federal-controlled entities. It simply stated in its data insight section, that 137 collaborating with esteemed institutions.” In…
