Budgeting for Your Household amid Rising Inflation

This is not the best of time for West Africa’s largest economy. Nigerians are inarguably in one of their toughest times in recent times. Evidently, Nigeria’s inflation rose to a 21-year high of 29.9 per cent in January 2024, which according to National Bureau of Statistics (NBS) data, was the highest since 2003. In the […]

Stunning stories from kidnap forests (1): Human bones littered marshy surrounding

•ANAMBRA SURVIVOR: ‘Captives killed like chickens’ in hell on earth •EDO: Akoko-Edo, Sasaro forest, Ayetero, Ososo-Makeke Road, Okpe Road, Bekuma horrors •A-IBOM: Creeks as kidnappers’ den •IMO/ ABIA: Echoes of a Prelate’s kidnapping •DELTA: Kidnapped priests fed with raw cassava. •Abductors spread tentacles, take over cemetery, forests Kidnapping spree has continued across the country despite security […]

Lagos police arrest one-chance robbers

Operatives of the Lagos State Police Command have arrested one 45-year-old, Okoro, and one 42-year-old, Patience, in a ‘one chance’ robbery in Lagos. PUNCH Online gathered that the incident occurred at about 6:00 am on Saturday. It was also learnt that the robbers often pose as commercial bus drivers while abducting unsuspecting passengers to different […]

Labour shifts ground on N1m minimum wage as panel meets Monday

Indications have emerged that the organised labour is prepared to lower its demand for N1m minimum wage for workers in the country in line with realities on the ground. The shift in position will likely be communicated to the Federal Government during the second meeting of the tripartite committee on the minimum wage on Monday […]

Kosofe leaders vow to support govt in curbing economic hardship

Leaders from the Kosofe Federal Constituency have agreed to lend their support to citizens within the constituency to cushion the effect of the biting economic hardship being faced by the people. This is one of the outcomes of the stakeholders’ meeting convened on Thursday at the instance of the Lagos East Senatorial district GAC leader, […]

Harsh Economy: Business Operators Lament Mass SMEs Collapse

Operators in the Micro, Small and Medium Enterprises (MSMEs) are fuming over the harsh economic scenario in the country that is leading to the death of many Small and Medium Enterprises(SMEs) in recent times. Price shocks, unavailability of raw material, exchange rate volatility and lack of awareness about mechanisms to manage unpredictable markets, the FX […]

Power Sector Privatisation: DisCos Reeling Under N3trn Debt 10 Years After

The Nigeria electricity sector has grappled with a delusive perception of a brighter power industry following the 2013 privatisation exercise. The sector is currently grappling with an inherited debt crisis of over N3 trillion. Although the federal government is working to address the issue by settling existing sectoral debt obligations and improving liquidity in the […]

FG toughens border surveillance as Labour declares two-day protest

The Nigeria Customs Service, Nigeria Immigration Service, Department of State Services and the Economic and Financial Crimes Commission have begun a clampdown on smugglers and hoarders of food items nationwide by escalating border surveillance, Saturday PUNCH has learnt. This is coming after the Organised Labour declared a two-day protest against the current economic hardship in the country. […]

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