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The Federal Government has declared Thursday a public holiday in celebration of Workers’ Day, observed annually on May 1st. The announcement was made on Tuesday by the Minister of Interior, Olubunmi Tunji-Ojo. In his statement, Tunji-Ojo praised Nigerian workers for their dedication and contributions to the nation’s development, both at home and abroad. He emphasized the importance of labour in national progress and called for a renewed commitment to innovation and productivity. “There is dignity in labour,” he said. “The dedication and commitment to our work are essential to building a stronger nation.” The minister highlighted the administration’s commitment to…
Nigeria has achieved a significant milestone in its economic diversification efforts, with non-oil exports reaching $1.791 billion in the first quarter of 2025, according to the Nigerian Export Promotion Council (NEPC). NEPC Executive Director Nonye Ayeni announced the figures on Monday in Abuja, highlighting a 24.75% increase compared to the $1.436 billion recorded in the same period of 2024. The export volume also saw a remarkable 243.44% growth, rising to 2.416 million metric tonnes from 1.937 million metric tonnes in Q1 2024. "This year, the Nigerian Export Promotion Council reported the highest export value since its establishment 49 years ago,…
Presidents, royalty and simple mourners bade farewell to Pope Francis on Saturday at a solemn funeral ceremony, where a cardinal appealed for the pontiff's legacy of caring for migrants, the downtrodden and the environment to be kept alive. U.S. President Donald Trump sat with the rows of foreign dignitaries on one side of Francis' coffin in the vast St. Peter's Square. On the other side sat cardinals who will pick Francis' successor at a conclave next month, deciding if the new pope should continue with the late pontiff's push for a more open Church or cede to conservatives who want…
A $220 million fine against Meta Platforms by Nigeria's competition watchdog for violating local consumer, data protection and privacy laws has been upheld following an unsuccessful appeal, Nigeria's Competition and Consumer Protection Tribunal said on Friday. Nigeria's Federal Competition and Consumer Protection Commission (FCCPC) fined Meta last July for discriminatory and exploitative practices against Nigerian consumers, compared with other jurisdictions with similar regulations. Reuters
Nigeria, Africa's largest economy, is facing a dire poverty forecast according to the World Bank's latest Africa's Pulse report released during the ongoing Spring Meetings in Washington, DC. The report paints a troubling picture of Nigeria's position as a global poverty epicenter, with current conditions expected to deteriorate further over the next few years. The World Bank projects that poverty in Nigeria will increase by 3.6 percentage points through 2027, bucking the trend of poverty reduction expected in non-resource-rich African countries. Currently, Nigeria accounts for a staggering 19% of sub-Saharan Africa's extremely poor population—translating to over 106 million Nigerians living…
The cost of cooking one pot of jollof rice in Nigeria has jumped from N21,300 in September 2024 to N25,486 in March 2025. This is about a 19 per cent increase in the price of the popular dish. This was revealed in the latest SBM Jollof Index report titled “Staple Under Stress.” According to SBM Intelligence, a research and communications group, it looked at how food prices changed between the last quarter of 2024 and the first quarter of 2025. The report disclosed that the rising prices of key ingredients like pepper, onions, turkey, beef, and rice are the main…
The International Monetary Fund has lowered its economic growth projection for Nigeria, citing falling oil prices as a primary factor behind the adjustment. According to the IMF's April 2025 World Economic Outlook report published Tuesday, Nigeria's real GDP is now forecast to grow by 3.0 percent in 2025, down from the previous estimate of 3.2 percent. This revised figure also falls below the 3.4 percent growth estimated for 2024, with a further slowdown to 2.7 percent anticipated in 2026. The IMF explained that the downgrade reflects how declining oil prices are affecting Nigeria's fiscal and external positions, emphasizing that energy…
Residents of Kano, Katsina and Jigawa states have been undergoing hardship following cuts in power supply by the Kano Electricity Distribution Company (KEDCO). They said in the last three days, they got power supply for between two and three hours daily. This is just as several Small-Scale Enterprises (SMEs) in the states said they were facing difficulties operating due to poor power supply and shortages. Daily Trust’s findings revealed that businesses like welding, tailoring, phone charging, ice making and other small trades have been thrown into difficulties due to the shortage in electricity supply while others don’t even receive any…
Niger State Governor, Umaru Bago, has declared a dusk-to-dawn curfew in Minna, the state capital, following a surge in violent attacks and killings. The curfew, effective from 6:00pm to 6:00am daily, restricts all movement, including commercial motorcycles and tricycles, during these hours. The governor announced the measure on Tuesday during an emergency security meeting with traditional leaders and security chiefs at the Government House. He emphasized that the curfew excludes medical emergencies but is necessary to address the escalating security threats in the city. Bago warned that the government would not tolerate further attacks on residents and directed local leaders—including…
Pope Francis, the first Latin American leader of the Roman Catholic Church, has died, the Vatican said in a video statement on Monday, ending an often turbulent reign marked by division and tension as he sought to overhaul the hidebound institution. He was 88, and had recently survived a serious bout of double pneumonia. "Dear brothers and sisters, it is with profound sadness I must announce the death of our Holy Father Francis," Cardinal Kevin Farrell announced on the Vatican's TV channel. "At 7:35 this morning the Bishop of Rome, Francis, returned to the house of the Father." Jorge Mario…
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May 08, 2025

‘Don’t worry’ about your salary early in your career, says Warren Buffett: Focus on this…

I worked at a financial magazine for much of my 20s, and for the most…
May 08, 2025

Pat Utomi forms ‘shadow government’. These are the members and what they’ll do

Economist and political activist, Pat Utomi has assumed a formal opposition role with the formation…
May 09, 2025

Ultra-processed foods are driving premature deaths. Here are the 4 common culprits

Ultra-processed foods are getting a lot of attention. Research links them to cancer, heart disease,…
May 03, 2025

Man accidentally buys his own car after it was stolen a few weeks earlier

An English man unknowingly bought back his own Honda Civic just weeks after it was…
May 07, 2025

Gunmen invade Plateau communities, kill six, injure several

No fewer than six persons were killed in renewed attacks in Marit and Gashish communities…
May 09, 2025

Here’s the latest as Israel-Hamas war enters Day 581

Israel says it intercepted missile fired from Yemen; Houthis claim responsibility Israel's military said on…
May 07, 2025

The first driverless ‘trailers’ have started running regular longhaul routes

Driverless trucks are officially running their first regular long-haul routes, making roundtrips between Dallas and…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

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