Philip Shaibu, the outgoing Deputy Governor of Edo State, has addressed rumors regarding the alleged fleeing of Governor Godwin Obaseki ahead of the governor’s transition to a new administration. Obaseki’s tenure officially ended on November 11, 2024, and he was set to hand over power to Monday Okpebholo of the All Progressives Congress (APC), the […]
Category archives: News
Tinubu Govt Plans Major Tax Reforms with Single-Digit System for Nigerians
The Nigerian government, under President Bola Ahmed Tinubu, is moving towards a major overhaul of the nation’s tax system. The new proposal, being discussed by the Presidential Committee on Fiscal and Tax Reforms, aims to introduce a single-digit range tax structure to reduce the burden of multiple taxes on citizens and businesses. Taiwo Oyedele, the […]
Soaring Food Prices in Nigeria: A Look at the Cost of Essentials This Week
Nigerians are facing a steep increase in the prices of essential food items, with many attributing the surge to recent policies implemented by President Bola Tinubu’s administration. Over the past few months, the prices of staples like beans, rice, palm oil, and tomatoes have sharply risen, creating financial strain for households across the country. The […]
Top Headlines from Nigerian Newspapers | Tuesday, November 12, 2024
Here’s a look at the major stories making front-page news in Nigerian national newspapers on Tuesday, November 12, 2024. The PUNCH: The Independent Petroleum Marketers Association of Nigeria (IPMAN) has secured a landmark agreement with Dangote Petroleum Refinery, allowing IPMAN to lift products directly from the refinery. This arrangement, according to IPMAN’s National President, Abubakar […]
Naira Expected to Reach ₦1,993/$1 by 2028, Raising Concerns for Nigeria’s Healthcare Sector
A recent report from BMI, a Fitch Solutions subsidiary, projects that the naira could depreciate to ₦1,993 per U.S. dollar by 2028, posing substantial risks for Nigeria’s pharmaceutical and medical device industries. With over 95% of its medical devices imported, Nigeria’s healthcare sector may struggle under increasing costs due to the weaker currency. The report, […]
Nigerians to Benefit from Lower Fuel Prices as IPMAN and Dangote Forge Strategic Agreement
Fuel prices in Nigeria are likely to drop soon following a new agreement between the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Dangote Petroleum Refinery. The deal, announced at a press briefing in Abuja, enables IPMAN to source products directly from Dangote’s refinery, which will improve fuel availability across Nigeria at more affordable […]
Weekly Cement Prices: Dangote, BUA, Lafarge Rates in Nigeria
The rising price of cement in Nigeria continues to impact consumers and the construction industry significantly. Economic challenges like inflation, currency fluctuations, and high production costs have caused cement prices to climb. Supply chain disruptions have further strained the market, as raw materials become more costly, and foreign exchange fluctuations impact the import-heavy cement production […]
Today’s Black Market Dollar to Naira Exchange Rate – November 12, 2024
Curious about the Dollar to Naira rate in Nigeria’s black market? Here’s the latest update: As of November 10, 2024, black market traders in Lagos buy a dollar for N1725 and sell it at N1735. It’s worth noting that the Central Bank of Nigeria (CBN) does not officially recognize these parallel rates and advises individuals […]
Top Nigerian Headlines: Key News for Tuesday, 12th November 2024
Good morning, Nigeria! Here’s a roundup of today’s top news stories: Stay updated with these stories and more on Naija News. See you tomorrow for more top headlines.
Kano State Governor Presents ₦549 Billion “Budget of Hope” for 2025, Focusing on Education and Economic Growth
Governor Abba Kabir Yusuf has unveiled the Kano State 2025 Appropriation Bill, valued at ₦549.16 billion, before the State House of Assembly. Dubbed the “Budget of Hope, Human Capital, and Economic Development,” it aims to bolster education, infrastructure, and human capital. Key Highlights: Governor Yusuf emphasized that the budget is designed to enhance economic growth […]