Author: Damilola Olufemi

The National Bureau of Statistics on Tuesday announced Nigeria’s headline inflation rate edged up to 24.23 per cent in March 2025 while stating the increase in its consumer price index (CPI) for March. The new rate indicates an increased move from the 23.18 per cent reported in February. It also signals a return to levels (24.48 per cent) recorded at the beginning of the year following the CPI rebasing. “In March 2025, the Headline inflation rate rose to 24.23% relative to the February 2025 headline inflation rate of 23.18%,” the bureau said. “Looking at the movement, the March 2025 headline…

The House of Representatives has inaugurated a 21-member ad hoc committee to supervise the implementation of the state of emergency declared in Rivers State. Speaking during the inauguration on Tuesday, Speaker Tajudeen Abbas emphasized that the move reflects the House’s commitment to “transparent governance and the rule of law in our country.” President Bola Tinubu declared a state of emergency in Rivers on March 18, citing a political crisis. In the wake of the announcement, Governor Siminalayi Fubara, his deputy Ngozi Odu, and all members of the Rivers State Assembly were suspended for six months. The president appointed Ibok-Ete Ibas,…

The Federal Government has revealed that it is taking concrete steps to settle over N4 trillion owed to Power Generation Companies (GenCos) for electricity generated and fed into the national grid. Mr. Bola Tunji, Special Adviser on Strategic Communications and Media Relations to the Minister of Power, disclosed this during an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja. Tunji was reacting to a public plea issued by the Association of Power Generation Companies (APGC), which had called for urgent intervention from the government and key stakeholders to clear the debt backlog, warning that the situation…

Tinubu stated that the country had more than 3.1 million hectares of irrigable land located around key river basins such as the Niger and Benue.

The Deputy Governor of Lagos State, Dr. Obafemi Hamzat, has raised alarm over excessive estimated billing by electricity distribution companies, revealing that Eko Electricity Distribution Company (Eko Disco) billed his residence at the State House N29 million for electricity in April. Speaking during a Roundtable Meeting and the signing of a Memorandum of Understanding (MoU) between the Lagos State Government and the Rural Electrification Agency (REA), Hamzat shared his personal experience to highlight the urgency of expanding access to affordable and reliable electricity across Lagos. “Last month, in my house, the State House, the bill was N2.7 million. This month,…

The Organisation of the Petroleum Exporting Countries (OPEC) on Monday marginally lowered its forecast for oil demand growth in 2025, citing the negative impact of U.S. trade tariffs on the global economy. According to a Reuters report referencing OPEC’s April Monthly Oil Market Report, the organisation now expects global oil demand to rise by 1.3 million barrels per day (bpd) in 2025—down from its previous forecast of 1.4 million bpd. Both projections mark a 150,000 bpd decrease compared to the figures released last month. OPEC also reported that the price of its reference basket of twelve crude oils had dropped…

Nigeria’s power generation companies (GenCos) have sounded the alarm over a looming shutdown of power plants across the country, citing a staggering N4 trillion debt owed by the Federal Government as the primary cause. The GenCos, operating 40 power-generating plants connected to the national grid alongside independent power providers and the Niger Delta Holding Company, issued a statement on Monday under the Association of Power Generation Companies (APGC). The statement was signed by APGC Board of Trustees Chairman, Colonel Sani Bello (retd). According to the statement, the Federal Government owes GenCos N2 trillion for power supply in 2024, in addition…

Suspended Rivers State Governor, Siminalayi Fubara, has criticized the Nigeria Police over what he described as a high-handed crackdown on peaceful demonstrators across parts of the state. His remarks come amid mounting political unrest following the declaration of a state of emergency in the oil-rich South-South region. Two separate protests on Monday marked the unrest. In Port Harcourt City Local Government Area, women under the banner of Rivers Women for Peace and Good Governance rallied in support of the emergency rule, while a different group in Ahoada East Local Government Area staged a protest calling for Fubara’s reinstatement. The Port…

Christian Chukwu, the iconic footballer who captained Nigeria to its first Africa Cup of Nations (AFCON) title in 1980 and later served as head coach of the Super Eagles, has died at 74. The Nigerian Football Federation (NFF) confirmed that Chukwu died in the early hours of Saturday at his residence in Enugu, his home state in southeastern Nigeria. The cause of death has not been officially disclosed. During his illustrious playing career as a commanding defender for the Green Eagles, Christian Chukwu — fondly known as “Chairman” — shared the pitch with some of Nigeria’s most iconic footballers, including…

Christian Chukwu, former captain and head coach of the Super Eagles, has passed away at the age of 74. The Nigerian football legend died in the early hours of Saturday in his home state of Enugu. The exact cause of his death remains unknown at the time of this report. Chukwu’s death was confirmed by his longtime friend and former teammate, Dr. Olusegun Odegbami, who shared the news via his official X handle. Odegbami, who played alongside Chukwu in Nigeria’s victorious 1980 Africa Cup of Nations (AFCON) campaign, wrote: “My Chairman has passed on. This morning, ‘Chairman’ Christian Chukwu, MFR,…