US Tariffs: If I were you, I’ll resign as President – Bill Clinton’s ex-aide tells Trump
Lawrence Summers, who worked as Treasury Secretary during Bill Clinton’s time as President, has strongly criticized President Donald Trump’s new tariff policy. According to Summers, the big drop in the U.S. stock market on Thursday was something he had never seen before. He shared his thoughts on X (formerly Twitter), saying that if he were […]
Tinubu Signs South-West, South-South Development Commission Bills Into Law
Lagos, Nigeria – President Bola Ahmed Tinubu has signed new laws to establish development commissions for the South-West and South-South regions. These commissions will focus on improving infrastructure, boosting economic growth, and creating more job opportunities. Senator Basheer Lado, the President’s Special Adviser on Senate Matters, announced the news on Tuesday. He said this step […]
Namibia makes history as Nandi-Ndaitwah is sworn in as the country’s first female president
Netumbo Nandi-Ndaitwah has officially taken office as Namibia’s first female president. The 72-year-old leader won the November election with more than 57% of the votes. Her closest competitor, Panduleni Itula, received 26%, according to the electoral commission. Her inauguration marks a historic moment for Namibia, as she joins the ranks of Africa’s female leaders, including […]
Trade Exports Hit $50 Billion As FG Policies Boost Trade Balance
Nigeria’s total trade exports reached $50.4 billion in 2024, marking a strong recovery for the country’s economy. This growth was largely due to the depreciation of the naira and the removal of fuel subsidies, which helped improve the trade balance. According to the National Bureau of Statistics (NBS), Nigeria recorded N138 trillion in total trade, […]
With the Naira’s fall, Nigeria is arguably now more competitive – Chatham House warns FG against strengthening Naira
Chatham House, a UK-based think tank, has advised the Nigerian government not to strengthen the naira. The organization believes that the naira’s decline has made Nigeria’s economy more competitive and warns that reversing this trend could do more harm than good. According to Chatham House, President Bola Tinubu’s economic reforms have led to a sharp […]
Find something to augment your income. You cannot live on one income – Presidential aide, Bayo Onanuga, tells Nigerians battling with the economic hardship
Bayo Onanuga, the Special Adviser to President Tinubu on Media and Strategy, has urged Nigerians to look for other ways to earn money. He said this while speaking on Channels TV about the country’s rising cost of living. Onanuga explained that depending on just one income is not enough in today’s economy. He encouraged people […]
CBN retains Nigeria’s interest rate at 27.50% amid inflation drops
decided to keep the country’s interest rate at 27.50% in January 2025. This is the same rate set in November 2024, even as inflation has started to decrease. CBN Governor, Olayemi Cardoso, made this announcement after the 299th Monetary Policy Committee (MPC) meeting in Abuja. He explained that the committee chose to maintain the rate […]
Nigeria’s inflation drops massively to 24.48% after CPI rebase
Nigeria’s inflation rate has dropped significantly to 24.48% in January 2024, down from 34.80% in December 2024. This sharp decline follows the rebased Consumer Price Index (CPI) introduced by the National Bureau of Statistics (NBS). The rebased CPI now uses 2024 as the base year and 2023 as the weight reference period, leading to a […]
Head Bridge Market: Peter Obi calls for reopening of neighbouring markets
Peter Obi, the former presidential candidate for the Labour Party, has spoken out about the ongoing closure of the Head Bridge Market in Onitsha. The market was shut down because of concerns about illegal drug trading in one section known as Ogbo Ogwu. While Obi condemns illegal activities like drug trading, he believes that the […]
Trump to impose 25% tariffs on US steel and aluminium imports
President Donald Trump has announced that the US will impose a 25% tariff on steel and aluminum imports. Speaking aboard Air Force One on Sunday, February 9, Trump confirmed that the tariffs would apply to all imported steel, along with aluminum. This decision is part of his broader effort to protect American industries from what […]