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Inflation Hits 32.7% as Food and Energy Prices Skyrocket

Nigeria’s inflation rate has surged to 32.7% in September, following a brief two-month decline, according to data released yesterday by the National Bureau of Statistics (NBS). The Consumer Price Index (CPI), which tracks the rate of change in the prices of goods and services, rose from 32.15% in August. The year-on-year increase is even more […]

Court Orders Verydarkman to Delete Defamatory Post Against Falana, Falz

The Lagos High Court in Ikeja has ordered social media influencer Martins Otse, popularly known as Verydarkman, to remove a defamatory video he posted on 24th September. The video targeted Senior Advocate of Nigeria (SAN), Femi Falana, and his son, musician Folarin Falana, better known as Falz. Justice Matthias Dawodu ruled on Tuesday that Verydarkman […]

Minister Blames Deliberate Actions for Super Eagles Mistreatment in Libya

The Minister of Sports Development, Senator John Enoh, has accused the Libyan Football Federation of intentionally mistreating the Super Eagles during their stay in Libya. The team, along with officials, was stranded for several hours at a Libyan airport on Sunday, denied access to basic necessities such as food and the internet, ahead of their […]

National Grid Collapses for Sixth Time This Year, Causing Widespread Power Outages

Millions of Nigerians were left in darkness on Monday as the national electricity grid collapsed yet again. Electricity distribution companies across the country reported the grid failure, which occurred at approximately 6:48 p.m., leading to widespread power outages. The Eko Electricity Distribution Company (EKEDC), which services parts of Lagos, informed its customers via X (formerly […]

Nigeria’s External Debt Set to Hit $50 Billion as Loans Surge

Nigeria’s external debt is expected to surge to $50 billion, according to projections by the Debt Management Office (DMO), as the country prepares to release its latest public debt figures for the third quarter of 2024. As of 31st March 2024, Nigeria’s total public debt stood at ₦121.67 trillion ($91.46 billion), with domestic debt accounting […]

Fuel Price Jumps to N1,030 as NNPC Removes Subsidy

The Nigerian National Petroleum Company Limited (NNPC) has raised the pump price of Premium Motor Spirit (PMS) to N1,030 per litre at its outlets in Abuja, effective from Wednesday. This latest increase follows the NNPC’s decision to end its exclusive purchase agreement with Dangote Refinery. On Monday, the company announced the termination of the arrangement, […]

Court Directs INEC to Recognise Abure-Led Labour Party Leadership

The Federal High Court in Abuja yesterday directed the Independent National Electoral Commission (INEC) to recognise the Labour Party (LP) under the leadership of Julius Abure, granting the party all rights and privileges associated with duly registered political entities in Nigeria. The ruling, delivered by Justice Emeka Nwite, was the result of a suit filed […]

IGP Directs Reopening of LGA Secretariats in Rivers

The Rivers State Police Command has unsealed all 23 Local Government Area (LGA) secretariats following the election and swearing-in of new council chairmen. In a statement released on Monday, the Command’s Public Relations Officer, Grace Iringe-Koko, confirmed that the newly appointed Commissioner of Police, Mustapha Bala, acting on the directive of the Inspector General of […]

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