EFCC Arrests Six Bankers, Five Others For Currency Racketeering In Kano.
The Kano Zonal Command of the Economic and Financial Crimes Commission (EFCC) has arrested 11 individuals implicated in currency racketeering within Kano State. This arrest, made on Monday, February 19, 2024, resulted from an intelligence-driven inquiry…
House of Reps’ Legislative Banditry Against Universities
The legislative banditry of the House of Representatives Committee on Tertiary Education Trust Fund (TETFund) and Other Services which, coerced heads of “53 federal universities, 63 state universities, 38 federal polytechnics, 49 state polytechnics and…
FG Suspends Gas Exportation Amid Local Scarcity, Price Hike
It was gathered by Hobnob News reports that as part of the measures put in place to address the increasing scarcity and rising prices of cooking gas (Liquefied Petroleum Gas – LPG) in Nigeria, the federal government has taken decisive action. According…
Enugu Gov’t Issues Stern Warning To Petroleum Marketers Over Indiscriminate Price Hike
The Enugu State government has frowned at the indiscriminate price hike of Premium Motor Spirit by petroleum marketers in the state. Hobnob news observed that long queues surfaced in the state on Tuesday over a news of possible fuel scarcity and some…
Protest In Ibadan Over High Cost Of Living And Economic Hardship
Some really angry residents of Oyo state, South-West Nigeria, have taken to the streets on Monday to protest the high cost of living, food inflation and the current economic hardship being experienced in the country. The protest was staged in the Mokola…
Naira Crumbles To N2,000/1£ At Parallel Market
Nigeria’s local currency is currently exchanging above 2,000 naira against the Great Britain Pound at the parallel market.A Bureau de Change operator at Wuse Zone 4, Malam Ibrahim, confirmed the rates on Monday. According to him ; Yes it is true, we are…
Nigeria’s Inflation Increases From 28.92% From December 2023 To 29.9% In January 2024 — NBS
A new report by the National Bureau of Statistics (NBS), says Nigeria’s inflation rate for January 2024 rose to 29.90% from 28.92% recorded in December 2023. The increase is an indication that the country’s inflation rate is yet to slow down…
CBN BEGIN SALES OF DOLLAR AS EFFORTS TO CONTROL FX HEIGHTENED.
The Central Bank of Nigeria (CBN) sold up to $86 million in the spot FX market on Tuesday, its first sale of dollars in the market since September 2023. The world’s worst-performing currencies, in 2024. CBN sold the dollars at a rate as low as N1490 per…
Nigeria Facing Worsening Economic Crisis But Tinubu Made A Strong Start — IMF
Stalled per-capita growth, poverty, high food insecurity have increased cost-of-living crisis in Nigeria, a International Monetary Fund IMF report has said. In a new report titled ‘IMF Executive Board Concludes Post Financing Assessment with…
Ex-President Buhari responsible for Nigeria’s present economic woes and not Tinubu, he is only trying to amend things – Ex CBN Governor Sanusi Lamido.
The former Governor of the Central Bank of Nigeria, who was also ex-Emir of Kano, Sanusi Lamido Sanusi, has restated his support for President Bola Ahmed Tinubu’s economic polices, saying it is an injustice to blame his government for the current…