Tag Archives: “Nigeria’s
Nigeria’s inflation rate dropped to 21.88% in July – NBS
Nigeria’s headline inflation rate eased for the fourth consecutive month in July 2025, falling to 21.88 per cent from 22.22 per cent in June, figures from the National Bureau of Statistics have shown.
The latest Consumer Price Index report released on Friday revealed that the July rate was 0.34 percentage points lower than the previous month and 11.52 percentage points below the 33.40 per cent recorded in July 2024.
The NBS report read, “The Consumer Price Index rose to 125.9 in July 2025, reflecting a 2.5-point increase from the preceding month (123.4).
“In July 2025, the Headline inflation rate eased to 21.88 per cent relative to the June 2025 headline inflation rate of 22.22 per cent.
“Looking at the movement, the July 2025 Headline inflation rate showed a decrease of 0.34 per cent compared to the June 2025 Headline...
Impeaching Nigeria’s President is Impossible — Former Speaker Yakubu Dogara Declares, Gives Reason
Politics tamfitronics Former Speaker of the House of Representatives, Yakubu Dogara, has said it is nearly impossible to impeach a Nigerian president under the current system. According to Dogara, Nigeria’s 1999 Constitution creates serious barriers to removing a sitting president, no matter the circumstances. The former Speaker spoke at a gathering of lawmakers advocating for a shift to a parliamentary system. This group, made up of around 60 lawmakers, introduced a bill proposing to replace the office of the president with a new role—a prime minister who would serve as the head of government.Dogara, who is also a lawyer, said that the process for impeachment outlined in the Constitution is too complex and unrealistic.He said, “In Nigeria, Section 143 doesn’t offer any practical framework for impeachment. At the end of the day, all the National...
Empowering Nigeria’s Tech Sector: The Path to Innovation, Growth, and Global Competitiveness, By Nnedinma Obioha
Technology tamfitronics Nnedinma Obioha Empowering Nigeria’s Tech Sector: The Path to Innovation, Growth, and Global Competitiveness, By Nnedinma ObiohaNigeria stands on the brink of a tech-driven transformation. With one of the largest youth populations in the world and a vibrant tech community, the country has tremendous potential to become a technology powerhouse. Our bustling hubs in Lagos, Abuja, and Port Harcourt showcase how Nigerian talent is driving innovation across diverse industries, from fintech to agritech, positioning Nigeria as a leader in Africa’s digital landscape. If fully harnessed, the tech industry could propel Nigeria into a new era of economic resilience, job creation, and global influence.Over the past decade, Nigeria has rapidly become...
JUST IN: Nigeria’s oil production drops by 1.7% in September, amid economic hardship
Politics tamfitronics Nigeria’s oil production, including condensates, fell to 1.544 million barrels per day (bpd) in September 2024, down from 1.570 million bpd in August 2024.The 1.7% decline marks a continued fluctuation in the nation’s oil output, adding further pressure on the country’s economic recovery efforts.The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) disclosed these figures in its latest October 2024 Crude Oil and Condensate Production report.The month-on-month reduction raises concerns about Nigeria’s ability to meet both domestic energy needs and international export targets, particularly as global oil prices remain volatile.Nigeria, which heavily relies on crude oil exports to generate foreign exchange and revenue, has faced persistent challenges that affect its production levels.These include infrastructure decay, pipeline vandalism, oil theft, and the complex security situation in the oil-rich Niger Delta.Already, there are fears that the production...
