Rising Inflation Sends 10m Nigerians into Poverty – World Bank The World Bank in its Macro Poverty Outlook for Nigeria: April 2024 has stated that rising inflation and weak earnings have pushed 10 million Nigerians into poverty in 2023. Presenting a grim reality where earnings have...

Nigeria Issues N8trn in Treasury Bills to Stabilise Economy – Finance Minister The Minister of Finance and Coordinating Minister of Economy, Wale Edun, on Thursday said the fiscal authority is complementing the efforts of the Central Bank towards ensuring the stability of the economy through...

NDLEA Destroys 304,436kg, 40,042ltrs of Illegal Drugs in Lagos The National Drug Law Enforcement Agency, NDLEA, on Tuesday destroyed a total of 304,436kg kilograms and 40,042 litres of illicit substances seized from parts of Lagos and Ogun states. Speaking at a brief ceremony where the seized...

NDLEA Arrests 50,901 Suspects, Secures 9,034 Convictions, Seizes 7,561tn Substances in 38 Months Chairman/Chief Executive Officer of the National Drug Law Enforcement Agency, NDLEA, Brig Gen Mohamed Buba Marwa (Retd) has said that the arrest of 50,901 drug offenders including 46 barons and the successful...

Naira Closes at N1,050 per Dollar at Parallel Market The naira yesterday exchanged at N1,050 to dollar at the parallel market. It exchanged at N1,125 to dollar on over the weekend, representing N75 appreciation. Naira appreciated by 0.56 per cent to close at N1,136 to dollar...

Naira Gains Against Dollar, Trades for N1,136.04 per Dollar The Naira on Monday appreciated at the official market, trading at N1,136.04 to the dollar. Data from the official trading platform of the FMDQ Exchange revealed that the Naira gained N6.34. This represents a 0.55 per cent gain...