JUST IN: Naira Crumbles to N1,600 Per $1 as Tinubu’s Economic Turmoil Continues
The Nigerian Naira plummeted to N1,600 against the US Dollar on Thursday, underscoring ongoing economic challenges during President Bola Tinubu’s administration. Aboki Forex reported the decline despite the Central Bank of Nigeria’s efforts to stabilize the currency. Although the Naira had been weakening against the Dollar prior to Tinubu taking office last May, its decline…
BREAKING: Nigeria’s Inflation Rate Rises to 29.90% Amid Rising Cost of Living
According to a report by the National Bureau of Statistics, Nigeria experienced a rise in its average inflation rate to 29.90% in January 2024, marking an increase from the December 2023 rate of 28.92%. It said, “Looking at the movement, the January 2024 headline inflation rate showed an increase of 0.98% points when compared to…
UK Economy Enters Recession
Official data released on Thursday indicates that the United Kingdom (UK) economy has slipped into recession, marked by two consecutive quarters of negative economic growth in the latter half of the previous year. According to Reuters, the UK’s Gross Domestic Product (GDP) contracted by 0.3 percent in the fourth quarter of 2023, following a 0.1…
BREAKING: Like FAAN, CBN, Nigerian Upstream Petroleum Regulatory Commission Plans to Move Units From Abuja To Lagos
The Nigerian Upstream Petroleum Regulatory Commission is contemplating the relocation of certain units from the Federal Capital Territory, Abuja to Lagos State. This intention was disclosed in a memorandum titled ‘Movement To Lagos,’ authored by Dr. Kelechi Onyeakachi Ofoegbu, Executive Commissioner of Corporate Services & Administration, dated February 14, 2024. SaharaReporters obtained this memorandum on…
VIDEO: Watch How Nigerians Being Flogged To Get Free Yam, Bread in Lagos Amid Hardship, Hunger
A circulating video has shown how Nigerians were being struck with canes before receiving complimentary loaves of bread in Lagos Island, Lagos State. The footage reveals a large crowd lined up in queues, where individuals are methodically struck with canes before being provided with the free bread. “See how them dey flog pesin because of…
FG Drops Treason Charge Against Sowore After Judge’s Last Warning To Dismiss Case
The Federal Government has withdrawn its case against Omoyele Sowore, the #RevolutionNow convener, who was accused of treason. A Notice of Discontinuance was officially stamped by the Federal High Court in Abuja on Thursday. It was signed by the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), on Wednesday. The Notice…
Amid Hardship, Tinubu Plans to Borrow N2.5 Trn Through FGN Bond in February
Chief Bola Tinubu is set to procure N2.5 trillion in the upcoming second FGN bond auction of the year, as disclosed by the Debt Management Office in a circular released on Wednesday. This offering consists of two tranches: one valued at N1.25 trillion maturing in February 2031 and another N1.25 trillion with a 10-year tenor….
Putin Says Russia is Close to Creating Cancer Vaccines
Vladimir Putin said on Wednesday that Russian scientists were close to creating vaccines for cancer that could soon be available to patients, Reuters is reporting. During televised remarks, Putin expressed optimism, stating, “We have reached a significant milestone in the development of cancer vaccines and next-generation immunomodulatory drugs.” READ ALSO: Donald Trump Wins Nevada Primary…
Opara: Labour Party Chairman, Abure Denies N3.5bn Fraud Allegation
Labour Party’s National Chairman, Julius Abure, has denied the accusations of misusing party funds leveled by the embattled National Treasurer. Abure refuted claims that the party had amassed over N3.5 billion in its accounts, dismissing them as untrue. Addressing the ongoing party crisis, Abure spoke on Arise Television’s Morning Show, countering allegations made by the…
Terrorists, Bandits Now Rape Our Women, Zamfara Indigene Laments
Banditry in rural Zamfara State has escalated, with criminals now targeting married women and girls for rape within their own homes. This disturbing trend coincided with the apprehension of suspected bandits by the Nigeria Security and Civil Defence Corps (NSCDC) and the 176 Guards Battalion of the Nigerian Army, who revealed having sponsors during interrogation….