News Archives - Page 479 of 596

Dec

15

2023

Nigerian inflation soared to 28.20% in November, according to NBS

Business, Economy, Metro, NewsBusiness, Economy, Inflation

Nigeria's headline inflation rate increased from 27.33 percent in October 2023 to 28.20 percent in November. This was revealed in the National Bureau of Statistics' consumer price index data from November. The graph shows Nigeria's headline inflation rates for the eleventh time in 2023. In November 2023, the headline inflation rate was 0.87 percentage points higher than it was in October 2023. The headline inflation rate was 6.73 percentage points higher year over year than the rate of 21.47 percent recorded in November 2022. This demonstrates that, when compared to the same month in the previous year (November 2022). the…

Dec

15

2023

By OHAFIATV

Ohanaeze Ndigbo Sues For Calm After Supreme Court’s Decision Regarding Nnamdi Kanu’s Release.

Metro, News, Politics

The leading Igbo socio-cultural organisation, Ohanaeze Ndigbo, has urged Ndigbo both at home and abroad to be calm and preserve peace in the wake of the Supreme Court's decision to reject Nnamdi Kanu's release, which went against what Ndigbo had anticipated. "Violence should not be justified by Kanu's non-release, even though it is a temporary setback. Mazi Okechukwu Isiguzoro, the secretary general of Ohanaeze Ndigbo, urges Ndigbo to work together and find political solutions for Kanu's release, irrespective of party affiliations. "We renounce the allegations that Ohanaeze Ndigbo met with some governors who are on the watch list of IPOB…

Dec

14

2023

By Amos Oge Kalu

Somalia wants Wike, FCTA to help develop Mogadishu.

News, Opinion, PoliticsAbuja, Nigeria, Nyesom Wike, Somalia

On Thursday, the FCT Minister hosted Somalia's ambassador, Jamal Mohammed Barrow, in his office. The ambassador asked the FCT Administration to help Somalia develop Mogadishu using his experiences. “We hope Nigeria is the best role model for Somalia now because we have gone through the same experiences as the civil war, and we feel Nigeria can be our example in the future, especially in Abuja,” he said. Wike said that the FCT Administration for Foreign Missions would support and approve the land allocation request for the Somali Chancery in Abuja. "Our goal is to make guests comfortable. Tell us what…

Dec

12

2023

By Amos Oge Kalu

Poverty cannot be reduced by the 2024 budget, a minister regrets

Economy, Metro, NewsMetro, Next Level, Nigeria, Politics

The ministry's meagre budget allocation has been bemoaned by Dr. Beta Edu, Minister of Humanitarian Affairs and Poverty Alleviation, who claims it is insufficient to reduce poverty. She raised the alarm while defending the 2024 budget of the ministry at the National Assembly on Tuesday in Abuja. She bemoaned before the Senate Committee on Poverty Alleviation, chaired by Senator Idiat Adebule, that the N532.5 billion budget, which is a 28% increase over the 2023 budget to offset inflation, was woefully insufficient. She maintained that the current economy's inflation rate of 27.33 percent does not correspond with the 28% increase in…

Dec

12

2023

By Amos Oge Kalu

Ondo: Akeredolu starts medical leave, transfers power to the deputy governor

NewsNext Level, Nigeria, Ondo State, Politics

Oluwarotimi Akeredolu, the governor of Ondo State, has asked his deputy, Lucky Aiyedatiwa, to fill in for him in an acting capacity while he takes a medical leave of absence starting on Wednesday. The governor's spokesperson, Richard Olatunde, revealed this in a statement on Tuesday. The governor, who has been unwell since January, will "prioritize his health and ensure a full recovery before resuming his official duties," according to the statement. A formal letter regarding the medical leave and a notice formally transferring power under the Nigerian Constitution will be transmitted to the House of Assembly, according to portions of…