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According to a report from the National Bureau of Statistics (NBS) released on Monday, Nigeria experienced an increase in its headline inflation rate in September 2023. The headline inflation rate for the month stood at 26.72%, compared to the August 2023 rate of 25.80%. This signifies a 0.92% point increase in the headline inflation rate…
In an important development, Alex Otti, the governor of Abia State under the Labour Party, recently met with a delegation from the Nigerian Railway Corporation (NRC), Eastern District. Led by Mr. Moddibo Mohammed, this delegation provided updates on the progress of a critical rail rehabilitation project aimed at revitalizing rail transport in the region. For…
The Central Bank of Nigeria (CBN) has taken a significant step by removing restrictions on the importation of all 43 items that were previously banned under the 2015 Circular TED/FEM/FPC/GEN/01/010 and its subsequent addendums. The CBN has now authorized these items to access foreign exchange for purchase in the Nigerian Foreign Exchange Market. This decision…
Networking and mentorship are essential components of career growth that play a vital role in shaping the trajectory of one’s professional life. These practices offer a wealth of opportunities to build meaningful relationships, gain new knowledge and skills, and access potential career prospects. Networking involves building and expanding professional relationships within the industry by attending…
In response to concerns over the declining value of the Nigerian Naira against foreign currencies, particularly the United States Dollar, the House of Representatives in Nigeria has taken action. The House has initiated an investigation into the use of foreign currencies as legal tender for domestic transactions within the country. The move comes as the…
Nigerian fintech startup OPay has denied allegations on social media that it opened accounts for customers without their consent. An internal investigation was launched in response to customers claiming that their phone numbers were linked to OPay accounts they did not open. The Nigerian Consumer Protection Commission and Nigeria’s Data Protection Commission are also investigating….
Aquafina, Nigeria’s leading premium bottled water brand, pleasantly surprised Wisdom Nsima, affectionately known as Dr. H2O, by presenting him with an extensive business setup reportedly valued in the tens of millions of Naira right in his hometown of Onitsha, Anambra. In widely circulated videos, a team from Aquafina, consisting of key company members, made a…
The governors of Nigeria’s South-East region convened a two-day summit in Owerri, Imo State, to address the growing challenges of insecurity and economic disruptions in the region. The summit aimed to explore ways to overcome these challenges and restore stability and prosperity to the area. The five governors from the South-East region shared their perspectives…
In a historic moment, President Bola Tinubu became the first Nigerian leader to ring the closing bell at the National Association of Securities Dealers Automatic Quotation System (NASDAQ), the world’s second-largest stock exchange. The event took place in New York, where President Tinubu seized the opportunity to promote foreign direct investment (FDI) into Nigeria. Surrounded…
The national President, Soil Science Society of Nigeria, SSSN, Prof. Jibrin Mohammed, has identified proper management of the soil and friendly ecosystem as panacea for sustainable food security and development.