Untold Hardship: Give Account Of Money Saved From Fuel Subsidy Removal, Catholic Bishops Tell Tinubu

The Catholic Bishops Conference of Nigeria (CBCN) has asked President Bola Tinubu’s government to give account of the savings from fuel subsidy removal in the first nine months of his administration. The clerics questioned the lack of operational refineries despite spending huge amount of money in turnaround maintenance which had led to continued reliance on…

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Economic Hardship: Price of Spaghetti jumps to N950 from N80, single egg N300, butter N1,400, sardine N1,020, 50Kg bag of rice N77,000 — Report

The prices of staple food have gone up amid worsening inflation, Peoples Gazette is reporting. It is reported that since President Bola Tinubu assumed office on May 29, 2023, his economic policies have made life more difficult for Nigerians. On Thursday, the National Bureau of Statistics (NBS) said Nigeria’s inflation rate climbed to 29.90% in…

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Nigerian Army Intercepts Two Dangote Trucks, 3 Others Allegedly Transporting Prohibited Goods To Cameroon

Troops of the Nigerian Army have intercepted two Dangote trucks and three others allegedly transporting banned goods to the Republic of Cameroon, SaharaReporters can report. The trucks, loaded with 600 50kg bags of cement each, were on Friday paraded to journalists at the headquarters of the Nigerian police in Yola, the Adamawa state capital. The…

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HARDSHIP: We can’t pacify the people anymore – Northern Traditional rulers tell FG

  ……Seek divine intervention through prayers over hardship, Sultan urges Nigerians Sultan of Sokoto, Alhaji Muhammadu Sa’ad Abubakar III By Ibrahim Hassan-Wuyo Monarchs from the North under the umbrella of Northern Traditional Council led by the Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar have told the Federal Government that unless the necessary action is taken,…

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Just In:Buhari’s signature forged to withdraw $6.2b from CBN, says ex-SGF Mustapha

Former Secretary to the Government of the Federation (SGF), Boss Mustapha has said the signature of ex-President Muhammadu Buhari was forged by those who withdrew $6,230,000 from the Central Bank of Nigeria (CBN) on February 8, 2023. Mustapha, who was testifying on Tuesday, February 13, in the trial of former governor of the CBN, Godwin Emefiele, said…

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Naira now currency for international transfers – CBN

In accordance with the recent directives from the Central Bank of Nigeria (CBN), naira will now be the currency for international transfers facilitated by international money transfer operators (IMTOs). According to a recent notice, several IMTOs including Western Union, MoneyGram, Rapidtransfer, Ria, and other IMTOs approved by the Central Bank of Nigeria have been affected….

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EFCC Raises Special Task Force against Dollarization of Economy & Mutilation of Currency

The Economic and Financial Crimes Commission, EFCC, has raised a Special Task Force in all its Zonal Commands for the enforcement of extant laws against currency mutilation and dollarization of the economy. The Task Force, inaugurated by the Executive Chairman of the Commission, Ola Olukoyede, was raised to protect the economy from abuses, leakages and…

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Operation Rescue Naira: FG considers converting $30bn domiciliary deposits to naira

There are strong indications that the Federal Government is mulling a policy that will result in the conversion of over $30bn in domiciliary accounts of citizens to naira to stabilise the Naira. If it goes ahead with the plan, the government will order the conversion of foreign currencies sitting idly in individuals’ and corporate organisations’…

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Sack CBN Governor, Declare State of Emergency On Forex, 100 CSOs Tell Tinubu

  …threatens mass action if Cardoso fails to vacate office within 72hrs   As many as 100 non-governmental organizations, under the aegis of Economic Freedom Fighters, Nigeria (EFFN), have demanded that President Bola Ahmed Tinubu immediately sack the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso for his ineptitude and lack of…

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