The Royal Embassy of Saudi Arabia on Saturday in Abuja has bid farewell to Nigerian pilgrims departing for the 2024 Hajj. The ceremony, presided over by Ambassador Faisal Ibrahim Al-Ghamidy, honored the guests of King Salman bin Abdulaziz Al Saud, the Custodian of the Two Holy Mosques, and Crown Prince Mohammed bin Salman. 

Nigeria Inflation Rate to Stabilize at 14% by 2029 – IMF According to the International Monetary Fund's latest data, Nigeria's inflation rate is expected to stabilize at 14% in 2029, marking a potential end to the current upward trend. This projection brings relief amidst concerns over...

New Minimum Wage: FG Offers N62,000, Labour Demands N250,000 After hours of meeting on Friday, the Federal Government and the organised private sector have increased their offer for the new minimum wage to N62,000 from the earlier N60,000. However, the organised labour is proposing N250,000 which...

FG Commissions Kwale Gas Gathering Hub  The Minister of State, Petroleum Resources, Gas, Ekperikpe Ekpo has commissioned the 300 million metric tonnes standard cubic feet per day (MMscf/d) Kwale Gas Gathering Hub in Ndokwa West Local Government Area of Delta State. The Minister described the investment...

Nigeria’s Economy to Hit $1.85tn by 2029, IMF Predicts  The International Monetary Fund has predicted that Nigeria’s economy will reach $1.85tn by 2029, in Purchasing Power Parity terms. This forecast suggests a significant growth trajectory for the country’s economy over the next five years. According to the...

Despite Economic Downturn Nigeria’s Current Trade Balance Rises to $1.43bn Nigeria’s current account balance has increased to $1.432 billion in 2024 despite the economic downturn ravaging the country, data from the International Monetary Fund’s World Economic Outlook shows. The IMF data indicates a positive outlook for...