Why I shut down borders – Buhari
The President, Major General Muhammadu Buhari (retd.), has said he deliberately shut the country's borders to encourage food production in Nigeria. Buhari made this known while addressing Nigerians in…
FG approves national dairy policy
The Nigerian Government has announced its approval of the national dairy policy. According to the News Agency of Nigeria, this policy is meant to guide operations in the dairy value…
Nigeria’s GDP drops to 2% – NBS
Nigeria's overall economic output, known as Gross Domestic Product, grew by 2.31 per cent year-on-year in the first quarter of 2023. However, this growth rate is lower than the 3.11%…
Virgin Orbit shuts down after unsuccessful test
Richard Branson's Virgin Orbit has stated that it would cease operations months after rockets carrying the first satellites launched from the UK were lost. According to CNBC, the company was…
CBN raises interest rate to 18.5%
The Central Bank of Nigeria has announced its increase of the Monetary Policy Rate from 18% to 18.5%. Channels TV reported the governor of CBN made this announcement on Wednesday…
UK’s inflation drops to lowest first tine in one year
Britain’s inflation rate dropped its lowest level in more than a year in the month of April 2023 as the effects of the surge in energy prices in 2022 started…
TCN blames vandals for Ogun power outage
By Wilson Adekumola The General Manager Public Affairs of the Transmission Company of Nigeria, Ndidi Mbah has attributed the power outage in Abeokuta and its environs to the collapse…
Full list of microfinance banks delicensed by CBN
Kazeem Owoseni The Central Bank of Nigeria has revoked the operating licences of 132 microfinance banks, three finance companies, and four primary mortgage banks in Nigeria. This was disclosed in…
Abiodun blames Amosun as Ogun loses Dangote refinery to Lagos
The Executive Governor of Ogun State, Dapo Abiodun has stated that the State lost the opportunity to have the Dangote Refinery because of the immediate former governor of…
Staff welfare upgrade vital for improved security – FG
The Federal Government has identified Investment, improved staff welfare, and incentives as key factors contributing to improved performance, especially in the security sector. According to The Punch, the Minister of…
NNPC resumes Borno oil exploration after six years pause
The Nigerian National Petroleum Company Limited has begun oil drilling in Borno state's Lake Chad Basin. Daily Trust reported that The President, Major General Muhammadu Buhari is anticipated to participate virtually…
Ekiti cargo airport to begin operations October
The former technical adviser on the Ekiti State Cargo International Airport, Air Vice Marshal Adeniyi Ojuawo (retd), said on Tuesday that commercial operations at the airport would start in October.…
