Business

SBM: Average cost of cooking a pot of Jollof Rice hits N27,527 — Up by 153% in two years

Promise Eze 25 July 2025 0

The average cost of cooking a pot of jollof rice in Nigeria has surged to N27,527.85 — a 153 percent increase between March 2023 and June 2025. This was revealed in a new report released by SBM Intelligence on Wednesday. “From late 2023 through mid-2025, the Index recorded a dramatic surge,

Business

Reps panel moves to arrest CBN governor over N3.64tn CBN surplus

Promise Eze 25 July 2025 0

The Joint Committee of the House of Representatives on Public Accounts and Public Assets has threatened to issue a warrant of arrest for Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), over his repeated failure to appear before it. In a statement released on Friday, the committee chairmen, Bamidele Salam and Ademorin Kuye, […]

News

FG denies raising JSS1 entry age to 12, says minimum age still 10

Promise Eze 25 July 2025 0

The federal government has dismissed reports claiming it has set a new minimum age of 12 years for admission into Junior Secondary School 1 (JSS1), describing the information as false and misleading. In a statement issued on July 25, Boriowo Folasade, Director of Press and Public Relations at the Federal Ministry of Education, said the […]

News

After Enugu’s tariff cut, DisCos say customers nationwide threaten bill boycott

Promise Eze 24 July 2025 0

Electricity distribution companies (DisCos) say customers across Nigeria are threatening to stop paying their bills following a recent electricity tariff cut in Enugu State — a move they claim could destabilise the entire power sector. On July 21, the Enugu Electricity Regulatory Commission (EERC) slashed the Band A tariff from N209 to N160/kWh, prompting growing […]

Business Top Stories

Canal+ takes over MultiChoice in $3bn deal, gains full control of DStv, GOtv

Promise Eze 24 July 2025 0

French media conglomerate Canal+ has finalised a $3 billion acquisition of South Africa-based MultiChoice Group, securing full control of pay-TV giants DStv and GOtv. The deal, approved by South Africa’s Competition Tribunal on July 23, gives Canal+ the remaining 55% stake it did not previously own. However, the transaction is still subject to final approval […]

Business

Edun: Rebased GDP shows Nigeria is growing again

Promise Eze 24 July 2025 0

Wale Edun, minister of finance and coordinating minister of the economy, says the newly rebased GDP figures reflect Nigeria’s economic resilience and renewed momentum under the Tinubu administration. The National Bureau of Statistics (NBS) released the updated figures on June 21—the first GDP rebasing since 2014. The data showed Nigeria’s economy grew by 3.13% in […]

Health

Abia government dismisses HIV/AIDS surge claims, says figures are outdated

Promise Eze 24 July 2025 0

The Abia State government has dismissed claims of a surge in HIV/AIDS cases in the state. Uloaku Emma Ukaegbu, director general of the Abia State Agency for the Control of AIDS (ABSACA), clarified in a press briefing in Umuahia on Wednesday that the reports are based on outdated data from a 2018 survey. “We are […]

News

Senate urges Tinubu to name monument after Buhari

Promise Eze 24 July 2025 0

The Senate has called on the federal government to immortalise former President Muhammadu Buhari by naming a national monument after him. The resolution was adopted on Wednesday following a motion moved by Senate Leader Opeyemi Bamidele during plenary. The lawmakers also applauded the federal government for organising a befitting state burial for the late president, […]

News

‘No ban on Maggi, Tummy Tummy noodles’ — NAFDAC warns against viral misinformation

Promise Eze 23 July 2025 0

The National Agency for Food and Drug Administration and Control (NAFDAC) has dismissed claims that it shut down the Tummy Tummy noodles factory in Anambra State or banned tinned tomatoes and Maggi seasoning cubes in Nigeria. Prof. Mojisola Adeyeye, the director-general of the agency, made this clear in a statement. Adeyeye described the circulating audio […]

News Top Stories

Tinubu seeks $347m extra loan for coastal highway

Promise Eze 23 July 2025 0

President Bola Tinubu has requested approval from the house of representatives for an additional $347 million loan to fund the Lagos-Calabar Coastal Highway project. The loan request, part of Nigeria’s revised 2025–2026 borrowing plan, was contained in a letter read by Speaker Abbas Tajudeen during Wednesday’s plenary session. According to Tinubu, the cost of the […]

Business Top Stories

Dangote: Africa losing $90bn annually to substandard fuel imports

Promise Eze 23 July 2025 0

Aliko Dangote, president of the Dangote Group, says Africa is losing as much as $90 billion every year due to the continued importation of substandard fuel. Dangote raised the alarm while speaking at the ongoing West African Refined Fuel Conference in Abuja. He decried the continent’s overdependence on imported petroleum products—most of which, he said, […]

Business Top Stories

Customs to scrap multiple levies, introduce single 4% FOB charge

Promise Eze 23 July 2025 0

The Nigeria Customs Service (NCS) says it will soon replace multiple import charges with a single four percent Free on Board (FOB) levy. This is in a bid to simplify its fee structure and support ongoing digital reforms. FOB is a shipment term indicating the point at which a buyer or seller assumes ownership and liability […]

News

Reps committee approves N105bn budget for RMAFC, promises strict oversight

Promise Eze 23 July 2025 0

The house of representatives committee on finance has approved a budget of N105.14 billion for the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) for 2025. The committee also promised to closely monitor how the money is used. This decision comes about six months after the National Economic Council (NEC) agreed to let the commission ask […]

Politics

Senate mocks Natasha’s return attempt as ‘skit making’

Promise Eze 23 July 2025 0

Yemi Adaramodu, chairman senate committee on media and public affairs, has criticised suspended Kogi Central lawmaker Natasha Akpoti-Uduaghan, claiming she turned her attempt to resume work at the Senate into another skit-like display. On Tuesday, Natasha walked into the national assembly on foot after security officials blocked her convoy from entering the complex.

Politics

Sule Lamido: I’ll support any 2027 arrangement that can save Nigeria

Promise Eze 23 July 2025 0

Sule Lamido, former governor of Jigawa State, says he is ready to support any political arrangement — within or outside the Peoples Democratic Party (PDP) — that can secure Nigeria ahead of the 2027 elections. Speaking with journalists in Kano on Tuesday, the former Minister of Foreign Affairs said saving the country must come before […]