As of January 17, 2025, the prices of staple food items in Nigeria have surged dramatically, driven by inflation, currency depreciation, and the devastating effects of recent flooding on agricultural production. This crisis is intensifying food insecurity and putting millions of Nigerians at risk. Factors Behind the Rising Food PricesFlooding: Torrential rains and widespread flooding…
Presco Plc, Nigeria’s biggest palm oil maker, is set to raise N100 billion in Series 1 of its N150 billion bond programme. This would mark the largest corporate bond issuance in the industry. The bond will have a 7-year tenure with a yield range of 23.25 percent to 23.75 percent. Presco Plc boasts a strong…
The Federal Government, through the National Agricultural Development Fund (NADF), has signed a contract with AGCOMS International Trading Limited, a sub-dealer of John Deere, to supply 2,000 mechanised equipment and boost food production. The equipment includes tractors, plows, and combined harvesters targeted at boosting food security in the country. The contract, worth $70 million, includes…
A Nigerian lady has sparked conversations on social media after revealing she was offered admission into a mortuary science and funeral training program at a Nigerian university. The news came to light through a post she shared on her TikTok page, where she disclosed her excitement about the opportunity. In the video, she showed her…
A somber mood pervaded the Dikko Primary Health Care premises in Gurara Local Government Area of Niger State as 86 victims of the devastating tanker explosion were buried in a mass grave. The mass burial, organized by the Niger State Emergency Management Agency (NSEMA) in collaboration with Gurara local government officials and volunteers, was a…
Imo State Governor Hope Uzodimma has addressed criticisms regarding his frequent presence in Abuja, explaining that his visits are strategically aimed at securing federal benefits for the state. The governor made this clarification during the first-anniversary thanksgiving service of his second term in office held at the Maria Assumpta Cathedral, Owerri. Responding to remarks made…
Violence erupted in Ndieguzu Agalegu Omege Community, Ikwo Local Government Area of Ebonyi State, leaving one person dead and at least ten houses completely destroyed by fire. According to reports, the incident followed a confrontation between residents of Omege Agalagu and Ukwuinyima. The cause of the dispute remains unclear, but sources suggest the violence may…
Minister of Youth Development, Hon. Ayodele Olawande Wisdom, has approved two slots for the Forum of National Youth Leaders of Political Parties in Nigeria (FNYLPPLN) to be included in the Presidential Planning Committee for the upcoming National Youth Conference, Confab 2025. This approval, announced in a communiqué following a meeting at the minister’s office in…
Minister of Petroleum, Senator Heineken Lokpobiri, and Minister of State for Petroleum (Gas), Hon. Ekperikpe Ekpo, appeared before the National Assembly on Friday for the 2025 budget defense session. The session was marked by disruptions as lawmakers expressed frustration over the absence of budget documents prior to the meeting. Tensions increased during Senator Lokpobiri’s presentation,…
Nigerians may soon see a rise in the cost of telecom services, with the price of 1GB of data potentially increasing to ₦560 under a proposed tariff adjustment. The Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, revealed that while telecom operators sought a 100% hike, the government was considering a 30–60% increase to…
