2027: Group to stage ‘200 million man rally’ for Goodluck Jonathan’s return
The Goodluck Nigeria Movement (GNM), a political pressure group, has revealed plans to organize a nationwide ‘200 million man’ rally to convince former President Goodluck Jonathan to run in the 2027 presidential election. The announcement was made in a statement signed by Dr. Derek Omoleh, the group’s Director of Strategic Communications. The group argued that […]
Tunnel of dark economy getting better – Tinubu
President Bola Ahmed Tinubu has stated that Nigeria is gradually moving out of what he described as a “tunnel of a dark economy.” He explained that although the country has faced serious economic challenges, steady progress is now being made through the government’s reforms. Tinubu noted that key policies aimed at stabilizing the economy are […]
Food prices remain high despite fourth inflation decline – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) has expressed concern that food prices in Nigeria remain high even though inflation has dropped again. Figures from the National Bureau of Statistics show that headline inflation fell to 21.88 percent in July 2025, compared to 22.22 percent in June. This is the fourth straight decline, […]
Governors bow, back tax reform bills, propose new VAT-sharing formula
Nigerian governors have endorsed the federal government’s tax reform efforts aimed at updating the country’s outdated tax laws. This support was confirmed during a meeting between the Nigeria Governors’ Forum (NGF) and the Presidential Tax Reform Committee. The governors agreed that reforming Nigeria’s tax system is necessary to improve fiscal stability and align with global […]
CBN Sells $543.5 Million to Stabilize Nigeria’s Foreign Exchange Market
In September 2024, the Central Bank of Nigeria (CBN) took decisive action to stabilize the foreign exchange (FX) market by selling a total of $543.5 million to authorized dealer banks. This intervention occurred between September 6 and September 30, aiming to mitigate the market volatility that arose from rising demand for foreign currency, particularly due […]
Professor Uremadu Advises Government to Reinstate Fuel Subsidy to Prevent Nationwide Protests
Professor Sebastian Uremadu, an expert in banking, finance, and financial economics, has urged the Federal Government to swiftly restore the petroleum subsidy and eliminate multiple taxes. He believes these measures can avert the impending nationwide protests. In an interview with DAILY POST in Umuahia on Saturday, Professor Uremadu criticized the removal of the fuel subsidy, […]
Reno Omokri Disputes Dele Momodu’s Claims About Nigeria’s Economy
In response to an open letter from renowned journalist and Peoples Democratic Party (PDP) chieftain Dele Momodu, former Presidential aide Reno Omokri has come forward to challenge the notion that Nigeria’s economy is collapsing. Dele Momodu’s letter, addressed to President Tinubu on July 18, raised alarms over the state of the nation, specifically pointing out […]
Nigerian Government Warns Labor Unions Against Risky Minimum Wage Demands
The Nigerian government has cautioned labor unions against pushing for a new minimum wage that might result in widespread job losses or harm the well-being of Nigeria’s 200 million citizens. During the 2024 Synod of the Charismatic Bishops Conference of Nigeria in Abuja, Information Minister Mohammed Idris warned that the N250,000 minimum wage demand could […]