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In 2022, Nigeria maintained its status as the largest economy on the African continent for the fifth year running, boasting a nominal GDP of $477.4 billion. Often referred to as the “Giant of Africa,” Nigeria accounted for a substantial 17.4% of the continent’s economy, which reached $2.7 trillion in the same period. Data released by […]
Frank Edwards, a renowned Nigerian gospel singer, has made a bold declaration, asserting that his wealth surpasses that of all individuals involved in internet fraud (commonly known as Yahoo Boys) in the country. He attributes his abundant resources to his faith and devotion, drawing strength from the concept of salvation. In contrast to the unlawful […]
The University of Lagos has increased school fees amid rising inflation and hikes in petrol prices following the removal of fuel subsidy. The school increased its tuition from about N20,000 to over N100,000 depending on the course of study. The new tuition ranges from N100,750 to N190,250 depending on whether the course of study requires […]
The House of Representatives has taken a firm stance against the National Electricity Regulatory Commission (NERC) by rejecting the proposed increase in electricity tariff. This resolution was reached following a motion presented by Honourable Aliyu Madaki, who expressed strong disapproval of the price hike, especially considering the recent increase in petrol prices that has already […]
Some traders and their customers on Wednesday, escaped death by a whisker at Ekeoha shopping centre in Aba, Abia State when some shops in a section of the market collapsed. According to DAILY POST, the incident happened in the morning when buying and selling were in top gear. Though no life was lost, goods worth […]
Bayo Onanuga has warned Nigerians to stop attacking President Bola Tinubu over the increase in price of petrol. Onanuga, the Director of Media and Publicity for the dissolved All Progressives Congress (APC) Presidential Campaign Council was reacting to the hike in petrol pump price from N500 per litre to N617 per litre. This has led […]
On Wednesday, the House of Representatives declined a motion aimed at halting the rise in the price of Premium Motor Spirit (PMS) and reverting to the previous rate of N537 per liter. Instead, the House opted to launch an investigation into the sudden escalation in PMS prices and its impact on transportation costs nationwide. The […]
The Athletics Integrity Unit (AIU) has handed Nigeria’s Tobi Amusan a provisional suspension for allegedly missing drug tests. AIU announced the sanction in a statement on its Twitter account on Wednesday. “The AIU confirms that it has today charged and provisionally suspended Tobi Amusan (NGR) for 3 Whereabouts Failures,” the statement reads. Amusan earlier took […]
President Bola Tinubu has directed a reassessment of his administration’s proposal to provide a monthly transfer of N8,000 to 12 million of the most impoverished households in the nation for a duration of six months. This measure was initially intended to mitigate the impact of the fuel subsidy removal. The plan was contained in a […]
The Federal Government, in collaboration with the Federal Competition and Consumer Protection Commission, is set to take decisive action against trade association members found guilty of engaging in anti-competitive practices and unjustifiably raising food prices. Chief Executive Officer of the FCCPC, Babatunde Irukera, said this on Tuesday during a forum organised by the commission to […]
