The World Bank has warned that poverty in Nigeria will worsen over the next five years, projecting an increase of 3.6 percentage points by 2027. This alarming forecast was published in the Bank’s latest Africa Pulse Report, unveiled during the IMF and World Bank Spring Meetings in Washington, DC. Despite some gains in Nigeria’s non-oil…
Vice President Kashim Shettima is currently leading a crucial National Economic Council (NEC) meeting at the State House, Aso Villa, Abuja. The agenda focuses on top national issues such as insecurity, state policing, and economic coordination. The meeting is being held at the Council Chambers, with several state governors, deputy governors, and other key officials…
In a significant development for Nigeria’s education sector, the Federal Government has released ₦50 billion to settle earned allowances owed to academic and non-academic staff unions of federal universities. This move fulfills a longstanding promise made by President Bola Tinubu. The announcement was made on Wednesday by the Minister of Education, Dr. Maruf Alausa, through…
The All Progressives Congress (APC) in Lagos State has officially released its nomination and administrative fees for aspirants contesting in the July 12 local government elections. Naija Blog Daily reports that the election guidelines were jointly signed by APC State Chairman, Pastor Cornelius Ojelabi, and Secretary, Dr Adeola Jokomba, on Tuesday. Chairmanship Nomination Fees Councillorship…
The Federal Government has ordered an investigation into the alleged extortion of ₦5.2 million by officers of the Nigeria Security and Civil Defence Corps (NSCDC) in Ekiti State. This follows a viral social media report claiming that the NSCDC officers extorted the sum from a group of young men traveling from Ado-Ekiti to Akure, Ondo…
The Crude Oil Refinery Owners Association of Nigeria (CORAN) has warned that fuel importers in Nigeria may soon be pushed out of business if they fail to adapt to the growing trend of local crude oil refining. This comes as the Federal Government reinstated the naira-for-crude oil deal, despite opposition from the Depot and Petroleum…
In a powerful Easter message, Bishop Matthew Hassan Kukah, the Catholic Bishop of Sokoto Diocese, delivered a passionate appeal to President Bola Tinubu, urging him to urgently address Nigeria’s deepening insecurity, hunger, and national despair. Speaking from Sokoto, Kukah likened the suffering of Nigerians to the crucifixion of Jesus Christ, declaring that the people have…
As Christians across the world celebrate Easter, Governor Chukwuma Charles Soludo and the Speaker of the Anambra State House of Assembly, Rt. Hon. Somtochukwu Udeze has urged believers to reflect on the values of sacrifice, love, unity, and renewal. In his Easter message, Governor Soludo commended the Christian faithful for their devotion during the Lenten…
The International Monetary Fund (IMF) has stated that President Bola Ahmed Tinubu’s economic reforms have not yet eased the harsh realities faced by millions of Nigerians, despite efforts to stabilize the country’s fragile economy. In a statement released on Friday, April 18, 2025, IMF Mission Chief for Nigeria, Axel Schimmelpfennig, acknowledged that while the Nigerian…
The Securities and Exchange Commission (SEC) has issued a stern warning to the public, declaring that Crypto Bridge Exchange (CBEX) is not a registered digital assets exchange in Nigeria and has been operating illegally under various aliases, including ST Technologies International Ltd and Smart Treasure/Super Technology. In a circular released on Thursday, the SEC confirmed…
