Economy

The Oyo State Government on Monday banned the use of Styrofoam for food services, storage, and other related purposes. Gistfox News reports that the state House of Assembly had, on Thursday, February 8, 2024, urged the state government to ban the use of Styrofoam for food purposes in the state. …

Different reactions have trailed the piece of food a man shared online with claims that he purchased it for 98k in a restaurant in Lagos. Sharing pictures of the food and receipt, the man noted via the caption that this is daylight robbery, but nothing can be done about it. The images …

In continuation of measures to address the food inflation and cost of living crisis, the Federal Government Tuesday said it had so far intercepted 141 trucks attempting to smuggle grains and other staples to Niger Republic, Chad, Cameroon, and the Central African Republic. The Comptroller-General of the Nigeria Customs Service, …

The Nigeria Labour Congress (NLC) has suspended its nationwide protests, which were held in different states of the federation earlier on Tuesday.   The Labour, in a communiqué at the end of its National Executive Council meeting, said the objectives of the protest were achieved on the first day of …

The Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) has raised the Monetary Policy Rate (MPR) by four hundred basis points to 22.75 percent from 18.75 percent.   Governor of the CBN Yemi Cardoso announced this after the first MPC meeting for the year in Abuja on Tuesday. “All …

Lagos State residents on Monday hit the streets to protest against the high level of hardship in the country.   The ongoing protest was facilitated by a human rights group identified as the ‘Take It Back Movement’. The protesters were seen carrying placards with various inscriptions which expressed their grievances, …

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has disclosed that fuel subsidy was costing the Federal Government N400 billion monthly.   Edun made the revelation while granting an interview on Channels Television as he emphasised that government’s finances have been repaired. Recall that President Bola Tinubu, …

In a significant development that brings relief to many federal civil servants across Nigeria, the Federal Government has commenced the disbursement of the November 2023 wage awards.   This move comes as part of the agreement reached between organised labour and the government to alleviate the impacts of the subsidy …

The Chairman, Senate Committee on Judiciary, Human Rights, and Legal Matters, Mohammed Monguno, on Monday said the National Assembly was concerned and shared the citizens’ distress over the current security challenges in the country.     The senator who decried the situation noted that the security sector had a huge …

Nollywood actress Mercy Aigbe has urged President Bola Tinubu’s son, Seyi Tinubu, to plead with his father on behalf of Nigerians to take urgent actions to tackle the excruciating economic hardship.   She made the call after Seyi Tinubu admonished Nigerians to be patient with his father and endure the …