The federal government has commenced the payment of the long-awaited N35,000 wage award arrears to its employees, fulfilling a key part of its commitment to support workers amid prevailing economic challenges. This was disclosed in a statement issued in Abuja on Monday by the Office of the Accountant General of the Federation (OAGF) and signed…
GISTSMATE MEDIA reports that Nigeria’s total public debt has risen to N142.3 trillion as of September 30, 2024. This represents an increase of 5.97% (N8.02 trillion) compared to N134.3 trillion in June 2024. The rise is attributed to the combined effects of escalating domestic borrowing and the impact of exchange rate depreciation on external debt…
Oyo State Pacesetter Transport Service (PTS) has begun constructing a Compressed Natural Gas (CNG) station, aligning with Governor Seyi Makinde’s initiative to enhance energy security and reduce fuel costs. During an inspection of ongoing renovations and construction projects at PTS on Thursday, the Sole Administrator, Hon. Dikko Salami revealed plans to increase the number of…
Police operatives in Cyprus are in the process of dismantling a Nigerian prostitution ring in Limassol, a city on the southern coast of the Middle Eastern country. This follows the arrest of three women, in coordination with the country’s anti-trafficking unit on Wednesday. The case first came to the attention of the police last year…
Oil prices have risen in the global market following the killing of Hamas political leader, Ismail Haniyeh in Iran, today. The prices were relatively low at below $80 per barrel in the past seven weeks but suddenly shot up after he was reported dead. The prices of Brent and WTI currently stand at $80.79…
Few military personnel on Monday in Abuja blocked the main entrance of the Federal Ministry of Finance this saying the protest is an avenue to ask for the payment of their entitled benefits. The retired military men with some dressed in military uniforms, demanded the immediate payment of their gratuity, Security Debarment Allowance (SDA), and…
The Olubadan of Ibadanland, Oba Owolabi Olakulehin, on Friday, elevated six traditional chiefs in the Balogun line, including Oba Tajudeen Ajibola and Senator Sharafadeen Alli, representing Oyo South Senatorial District, following the vacancies created by his ascension to the throne. The elevation also followed the demise of the late Osi Balogun of Ibadanland, Oba Lateef…
Nigeria’s annual inflation rate eased to 22.22 per cent in June from 22.97 per cent in May 2025, the National Bureau of Statistics (NBS) said on Wednesday. The statistics office said the June 2025 headline inflation rate showed a decrease of 0.76 per cent compared to the May 2025 headline inflation rate. On a year-on-year…
Former Presidential candidate of the Labour Party, Peter Obi has condemned the manner at which the popular social media critic, Martin Vincent Otse, also known as VeryDarkMan, VDM, was arrested by security operatives. Reports indicated that VDM was arrested on Friday shortly after he visited a Guaranty Trust Bank, GTBank branch in Abuja to complain…
A growing number of religious leaders across Africa have amassed considerable fortunes, sparking widespread debate about the intersection of faith and finance. These pastors have built vast empires that stretch far beyond the pulpit, with interests in media, real estate, education, publishing, and other business ventures. Supporters often attribute their wealth to divine blessing and…