GISTSMATE MEDIA reports that Nigeria’s headline inflation has dropped to 24.48 per cent year on year in January 2025. This is a sharp decline from the 34.80 per cent headline inflation recorded in December 2024. This is according to the National Bureau of Statistics (NBS). The Statistician-General of the Federation Adeyemi Adeniran announced this on…
Nigeria’s banking regulator has issued a sweeping directive mandating commercial banks to comply with stricter insider lending limits or risk regulatory sanctions. In a letter to banks, the Central Bank of Nigeria (CBN) set a 180-day deadline for financial institutions to regularize all insider-related credit facilities that exceed the statutory limits prescribed under the Banking…
The Republic of Niger has begun enforcing restrictions on Nigerians traveling with the ECOWAS passport, barring entry for those without a valid international passport. This move follows the country’s recent withdrawal from the Economic Community of West African States alongside Mali and Burkina Faso. Despite maintaining an open border with Nigeria, new immigration measures are…
The Inspector-General of Police, Kayode Egbetokun, has vowed that those responsible for the violence that erupted in Osun State on Monday, leading to the loss of lives, will be brought to book. Egbetokun made this known as he ordered the deployment of tactical squads to restore peace in the state following the local government crisis….
GISTSMATE MEDIA reports that former Federal Commissioner for Information and South-South Leader, Edwin Clark, is dead. The Pan Niger Delta Forum (PANDEF) leader died at 97 on Monday night, according to a statement signed by Prof. C. C. Clark for the family. The statement read, “The Clark-Fuludu Bekederemo family of Kiagbodo Town, Delta State, wishes…
Gospel artist and pastor, Nathaniel Bassey has warned his followers against turning their passion into “unholy obsession.” Bassey stated that not recognising him or other young servants of God does not make anyone less of a Christian. He also clarified that not participating in his midnight “Hallelujah Challenge”, does not make someone less of a…
At least 18 passengers were injured after an aircraft belonging to Delta Air Lines, which was on a trip from Minneapolis in the U.S., crashed and overturned while landing at the Toronto Pearson Airport in Canada on Monday evening. The flight was carrying 80 people – 76 passengers and four crew when it crashed. Initial…
The Ogun State Police Command, on Monday, declared controversial singer, Habeeb Okikiola, popularly known as “Portable,” wanted for his involvement in a violent attack on government officials carrying out their lawful duties. This was contained in a statement by the spokesperson of the state police command, Omolola Odutola, and made available to journalists on Monday….
GISTSMATE MEDIA reports that the Anambra State government has denied reports that Governor Charles Soludo ordered the arrest of women who dress half-naked or walk around without bras and pants. A statement released on Monday by Christian Aburime, the Chief Press Secretary to Governor Soludo, condemned the reports as “untrue, mischievous, and an orchestrated story…
The Anambra State Government has sealed a popular church known as “Children of the Light Anointing Ministry” run by Pastor Onyebuchi Okocha, also known as “Onye Eze Jesus”, over alleged involvement in controversial “Oke-ite” traditional practice. The church located in Amafor village, Nkpor in Idemili North Local Government Area of the state was sealed by…