The International Monetary Fund (IMF) chief economist, Pierre-Olivier Gourinchas, has said incoming United States President Donald Trump’s economic plans risk reigniting US inflation, just days before the president-elect is set to return to the White House. Gourinchas spoke with AFP at the IMF’s headquarters in Washington, ahead of the publication of its key World Economic Outlook (WEO) report on Friday. The president-elect’s proposals to increase tariffs and restrict immigration could…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has refuted rumours of an impending increase in petrol prices nationwide. The association assured the public that local refineries are now operational, a development that will contribute to a reduction in fuel prices. Recall that there have been fresh concerns over a potential increase in the pump prices of petrol after the cost of Brent, the global benchmark for crude, crossed $80…

Chairman of the Nigerians in Diaspora Commission (NiDCOM), Abike Dabiri-Erewa, has announced that remittances from Nigerians living abroad have exceeded $90 billion in the past five years. During her budget defence before the National Assembly Joint Committee on Diaspora on Thursday, January 16, she revealed that in December 2024 alone, remittances amounted to at least N60 billion, highlighting the vital role of the diaspora in Nigeria’s development. Dabiri-Erewa praised the…

The Nigerian Security and Civil Defence Corps (NSCDC) Federal Capital Territory (FCT) Command has arrested 36 scavengers in Abuja for their alleged involvement in various criminal activities, including vandalism and theft of public infrastructure. The arrests were made as part of an ongoing crackdown on scavengers, locally referred to as Baba Nbola, in different parts of the city and its suburbs. Addressing the press on Friday, FCT Commandant Olusola Odumosu…

The Dangote Refinery has raised the price of Premium Motor Spirit (PMS) for bulk buyers from N899 to N955 per litre. The refinery disclosed this development in a notice issued, which read, The notice titled, “Communication on PMS Price Review”. “Dear Esteemed Customer, Trust this email finds you well. “Kindly be advised that effective from 5:30pm today, an upward adjustment has been implemented on the gantry price of Premium Motor…

The crisis within the People’s Democratic Party (PDP) intensified as acting National Chairman, Umar Damagum, clarified that the National Working Committee (NWC) had not yet convened to address the court ruling concerning the Rivers State Executives. This statement came in response to claims made by the party’s National Publicity Secretary, Debo Ologunagba, which were refuted by the Deputy National Publicity Secretary, Ibrahim Abdullahi, at a press conference in Abuja on…

Operatives of the Delta State Police Command have arrested a 23-year-old man identified simply as Success for allegedly hacking his father to death with a cutlass. According to PUNCH, the savage attack occurred in Amukpe community in Sapele Local Government Area of Delta State a few days ago. The report quoted an eyewitness as saying on Thursday that the incident occurred at the family’s residence in Amukpe after Success demanded…

Coca-Cola has launched its Coke Studio ‘Beat the Drop’ campaign, offering exciting prizes worth N70 million, including all-expenses-paid trips to South Africa. The campaign, which began in December 2024, has already seen four lucky winners secure trips to South Africa, while 20 participants have each won N1 million, according to a recent statement from the brand. Yusuf Murtala, Senior Director of Frontline Marketing at Coca-Cola Nigeria, expressed excitement about the…

President Bola Tinubu has expressed deep sorrow at the passing of Adewunmi Onanuga, the Deputy Chief Whip of the House of Representatives and representative for the Ikenne/Sagamu/Remo North Federal Constituency in Ogun State. Onanuga died on Wednesday following a brief illness, according to reports. In a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, on Friday, President Tinubu paid tribute to the late lawmaker, describing…

The budget defence session between the Joint Police Affairs Committee of the Senate and House of Representatives and the Nigeria Police Force led by its Inspector-General, Kayode Egbetokun, turned rowdy yesterday as the lawmakers engaged in war of words. It began with disagreements on the police’s proposed budget presentation and escalated into a rowdy exchange that led to Senator Onyekachi Nwoebonyi (Ebonyi North) ‘s dramatic walkout. Confrontations began when Egbetokun…

The Federal Government has addressed concerns over the exclusion of the Lagos-Calabar Highway from the 2025 budget. The coastal road, one of the signature projects of President Bola Tinubu which has generated a lot of controversy since its commencement last year, is expected to gulp around N16 trillion. Questions have been raised about the funding of the project which the federal government hitherto stated would be through a public-private partnership…

The Economic and Financial Crimes Commission (EFCC) has charged Anamekwe Nwabuoku, the former acting Accountant-General of the Federation (AGF), with laundering N1.96 billion. The EFCC took Nwabuoku and Felix Nweke, who used to be a deputy director at the Ministry of Defence, to a federal high court in Abuja in July 2024. The case took a turn in October 2024 when both men asked for a plea bargain – where…