Wednesday, May 15, 2024
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FAO: 14.4m Nigerians facing food crisis amid insecurity, rising inflation

    FAO: 14.4m Nigerians facing food crisis amid insecurity, rising inflation

The Food and Agriculture Organisation (FAO) says about 14.4 million Nigerians are facing a food crisis. The agency said the figure consists of 385,000 internally displaced persons (IDPs) in 21

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Naira slides 0.5% to N581/$1 at parallel market

    Naira slides 0.5% to N581/$1 at parallel market

Nigerian naira traded at N581 per dollar on Friday at the parallel section of the foreign exchange market. The figure is lower by N3 or 0.5 percent from the N578 it

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Aviation fuel scarcity: We may ground planes for safety reasons, says NCAA

    Aviation fuel scarcity: We may ground planes for safety reasons, says NCAA

Airline operators in Nigeria have alleged that some marketers are hoarding aviation fuel, also known as Jet A1. They said the marketers are causing artificial scarcity of the product in

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NRC: Why Lagos-Ibadan train stopped midway

    NRC: Why Lagos-Ibadan train stopped midway

The Nigerian Railway Corporation (NRC) says the Lagos-Ibadan train stopped midway due to fuel gauge failure. The corporation said this while reacting to a trending video showing how passengers were

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Russia-Ukraine war: Ban export of maize to avoid scarcity, Dangote tells FG

    Russia-Ukraine war: Ban export of maize to avoid scarcity, Dangote tells FG

Aliko Dangote, chairman of the Dangote Group, says the federal government should stop the export of maize from Nigeria to

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Russia-Ukraine war: Africa vulnerable to higher food and fuel prices, says IMF

    Russia-Ukraine war: Africa vulnerable to higher food and fuel prices, says IMF

The International Monetary Fund (IMF) says the ongoing crisis in Ukraine threatens to undo Africa’s post-COVID-19 economic recovery. Kristalina Georgieva, IMF

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Lagos-Ibadan train stops abruptly after ‘running out of diesel’

    Lagos-Ibadan train stops abruptly after ‘running out of diesel’

A Lagos-Ibadan train, on Thursday, stopped abruptly after “running out of diesel”. According to a Twitter user, King Isaiah Obadore,

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Russian economy in ‘shock’ over Western sanctions, says Kremlin

    Russian economy in ‘shock’ over Western sanctions, says Kremlin

The Kremlin says Russia’s economy was experiencing a shock amid ‘unprecedented’ economic sanctions by Western nations. According to Reuters, Dmitry

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IMF joins World Bank in supporting Ukraine, approves $1.4bn emergency financing

    IMF joins World Bank in supporting Ukraine, approves $1.4bn emergency financing

The International Monetary Fund (IMF) says its executive board has approved $1.4 billion in emergency financing to support Ukraine amid

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NESG calls for reforms in trade, ICT sectors to tackle youth unemployment

    NESG calls for reforms in trade, ICT sectors to tackle youth unemployment

The Nigerian Economic Summit Group (NESG) has called for critical reforms in strategic sectors of the economy to promote job

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