Custodians of Truth
Power industry watchdog NERC has issued a warning over the deplorable condition of the national grid. According to a recently published study by the Nigerian Electricity Regulatory Commission, the grid network’s stability decreased in 2022 as a result of an […]
Domestic airlines have raised the number of aircraft seats as part of initiatives to combat high operating expenses in the aviation sector, enabling more people to commute while they also boost the revenue. In an exclusive interview with a media […]
In September 2023, Nigeria’s inflation rate reached 26.72% as a result of the skyrocketing food costs and the challenging economic conditions brought on by the termination of fuel subsidies in May. The National Bureau of Statistics (NBS) reported this in […]
The Central Bank of Nigeria (CBN) announced the lifting of the 43-item forex embargo and pledged to occasionally intervene in the FX market. The items had been prohibited from getting FX from the I&E window by the apex bank in […]
Beginning from next year, Nigerians would be able to get their passport deliveries at their homes, workplaces, and other locations of their choosing, according to the Federal Government. This was said on Monday in Lagos by Interior Minister Olubunmi Tunji-Ojo […]
The World Bank is funding the purchase of 1.25 million metres at a cost of $155 million (or N119.74 billion at Thursday’s official exchange rate of N772.54/$), and the Federal Government on Thursday opened bids from interested parties. The decision, […]
According to the World Bank, the Nigerian naira is one of the worst-performing currencies in Africa. It stated that after a devaluation in mid-June, the currency has fallen by roughly 40% versus the US dollar. In its study titled “Africa’s […]
Residents of Araromi-Okeodo, an agricultural hamlet in Osun State’s Ife South Local Government Area, just received power supply for the first time in more than 90 years. This was made possible through an electrification project carried out by an energy […]
According to an analysis of the “Selected Food Price Watch,” a report issued monthly by the National Bureau of Statistics, Ebonyi and Abia states were at the forefront as food prices increased by 31% between July 2022 and July 2023. […]
In acknowledgment of the company’s outstanding corporate performance over the past year, Dangote Industries Limited has received the Brand of the Year award. The prize category won by Dangote was the flagship in recognition of the company’s ongoing contributions to […]