The National Bureau of Statistics (NBS) has announced a decline in Nigeria’s headline inflation rate to 24.48% for January 2025, following the rebasing of the Consumer Price Index (CPI). This marks a decrease from December 2024’s 34.80% under the old inflation template. The CPI rebasing reflects updated consumer spending patterns, replacing outdated goods and services […]

Mining stakeholders in Nigeria have called for greater collaboration among relevant agencies, sectors, and institutions to advance the sector’s development. This appeal was made on Monday in Abuja at the 60th Nigerian Mining and Geosciences Society (NMGS) Annual International Conference and Exhibition (AICE) during a pre-conference panel discussion. The conference is with the theme, “Transformation […]

The Democratic Republic of Congo on Monday criticized the “inaction” of the UN Security Council in the wake of the M23 armed group seizing the city of Bukavu, according to a letter seen by AFP. Congolese United Nations ambassador Zenon Mukongo Ngay submitted the letter to the Security Council denouncing its inability to rally in […]

Airtel Nigeria, the country’s second-largest telecommunications operator (Telco) has announced a significant adjustment to its data pricing structure. A check by the News Agency of Nigeria (NAN) using the *312# code and on the Airtel website showed the revised data prices. According to the telco’s website, the revision, which affects various data bundles, is aimed […]

Japan Tuesday pledged to slash greenhouse gas emissions by 60 percent in the next decade from 2013 levels but climate campaigners said the target fell short of what was needed under the Paris Agreement to limit global warming. Under the Paris accord, each country is supposed to provide a headline figure to the United Nations […]

Asian markets were mixed Tuesday with Hong Kong resuming its tech-led rally after a meeting between President Xi Jinping and China’s top business leaders fanned hopes that a long-running crackdown on the private sector is ending. The Hang Seng Index’s gains extended an impressive start to the year, with the emergence of a new chatbot […]

The bitter leadership tussle at the Lagos House of Assembly boiled over yesterday, demystifying long-held notions that the ruling All Progressives Congress-led government in the state is glued together by a sturdy and coherent political mechanism. Tension erupted at the Assembly as officers of the Department of State Services (DSS) stormed the complex, taking strategic […]

Billionaire Aliko Dangote has described his $23bn Dangote Refinery project as the “biggest risk” of his life, acknowledging the challenges he faced in bringing the venture to fruition. In an exclusive interview with Forbes on Monday, Dangote opened up about the risks involved in such a massive undertaking. “It was the biggest risk of my […]

The ECOWAS Court has dismissed claims brought against Nigeria by two Non-Governmental Organisations (NGOs) over the destruction of property, health and environment by the 2012 and 2022 Lagdo Dam floodings. The News Agency of Nigeria (NAN) reports that the applicants, Incorporated Trustees of Prince and Princess Charles Offokaja Foundation, Nigeria, and Prince and Princess Charles […]

Gov. Bassey Otu of Cross River says the Bakassi Deep Seaport project will be funded without the state taking any loan facility. Otu said that the project, a flagship of his administration, though not conceptualised by his government, would change the economic landscape of the state and that of the country at large. The governor […]

Members of the Association of Resident Doctors at University College Hospital in Ibadan have embarked on an indefinite strike, an official said on Monday. The association’s General Secretary, Dr Uthman Adedeji, told the News Agency of Nigeria in Ibadan, Oyo State capital that the strike was due to a power outage in some of the hospital’s residential […]

Top US and Russian diplomats were meeting in Saudi Arabia on Tuesday for talks on resetting their countries’ fractured relations and making a tentative start on trying to end the Ukraine war. Both sides played down the chances that the first high-level meeting between the countries since US President Donald Trump took office would result […]