Nigeria’s inflation rate has risen to 33.88% in October 2024, up from 32.7% in September 2024. According to the latest report from the National Bureau of Statistics (NBS) on the Consumer Price Index (CPI), this rise in inflation is mainly due to higher costs in transportation and food prices. Examining the inflation rate compared to…
The Supreme Court has dismissed suit instituted by some state Attorneys General challenging the establishment of the Economic and Financial Crimes Commission (EFCC) Act. The suit, which was initially instituted by attorneys general of 16 states, sought the scrapping of the anti-graft agency. While some states withdrew from the suit, some others asked to be…
The National Judicial Council (NJC) has suspended Justice G. C Aguma of the High Court of Rivers State and Justice A.O Nwabunike of the Anambra State High Court from performing judicial functions. They were both suspended for the period of one year without pay and placed on watch list for two years thereafter. The decision…
The General Overseer of the Redeemed Christian Church of God (RCCG) Pastor Enoch Adeboye has said without divine intervention, the exchange rate could have soared to ₦10,000 to $1. Speaking during the Special Holy Ghost Congress in Abuja, Adeboye linked Nigeria’s financial struggles to its heavy reliance on fuel imports, despite being a significant oil-producing…
An ex-Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Obiora has said there was no time the board of the bank recommended the 2022 nara redesign to then President Muhammadu Buhari. Obiora, who said he once served as a Special Adviser on Economic Matter to a former Governor of the CBN, Godwin Emefiele,…
In a tragic turn of events, a man in Ebonyi State, identified as Mr Onyiuke Nwedeogu, allegedly set himself and his family home ablaze following an argument with his wife early Sunday morning. The incident took place at Ndiechi Igbeagu in Izzi Local Government Area, where Nwedeogu’s wife, Mrs. Felicia Nwedeogu, and their three daughters…
GISTSMATE MEDIA reports that the father of Super Eagles goalkeeper Stanley Nwabali has sadly passed away. On Friday, Nwabali shared the heartbreaking news with his followers on Instagram, posting a tribute alongside a tearful emoji. While the footballer did not disclose the specific cause of his father’s death, he expressed his grief with a poignant…
The Economic and Financial Crimes Commission (EFCC) on Thursday brought a Chinese, Zhengjia Jin, before an Ikeja Special Offences Court for alleged bribery and N301 million fraud. Jin, was arraigned on a four-count charge bordering on retention of stolen property, bribery and stealing. The EFCC counsel, Mr Ahmad Usman, told the court that the defendant…
A middle-aged man, simply identified as Nnanna, has reportedly stabbed his neighbour, Mr Monday Reuben, 65 years old, over allegations that the victim was a wizard. The incident happened, Wednesday, at 37 Okwelle Street, Mile 2 Diobu, Port Harcourt City Local Government Area of Rivers State. It was gathered that the suspect stabbed the victim…
The Federal Government has announced that it will complete the digitisation of the 774 Local Government headquarters across the 36 states by 2027. The Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijani, disclosed this on Thursday at a stakeholders’ retreat on Project 774 Connectivity in Abuja. Tijani explained that the project would be…