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Rising food costs caused Nigeria's inflation rate to rise to 34.19 percent in June 2024—the highest level in more than a year. Compared to the 33.95 percent recorded in May 2024, this is a 0.24 percentage point increase. The National Bureau of Statistics (NBS) has released new data indicating that the country's inflation rate increased to 34.91 percent in June, with food inflation reaching 40.89 percent. This indicates that the rate of increase in prices for products and services has continued to surge. This was higher than the 34% inflation rate that analysts had predicted for June, as estimates of headline inflation increased by 17 basis points to 2.31 percent month over month in comparison to the Potential monthly rise of 2.14 percent. The headline inflation rate was 11.40 percentage points higher in June 2023 than it was in June 2023, when it was 22.79 percent. In June 2024, the monthly inflation rate increased from 2.14 percent in May to 2.31 percent. The NBS ...

Dr. Ogbonnaya Orji, the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, revealed that in a span of nine years, the nation lost petroleum products valued at $1.84 billion from refineries. Orji made this statement on Monday during the 2024 NEITI board retreat/meeting opening ceremony in Lagos. He claims that between 2009 and 2018, oil theft caused the refineries to lose 4.2 billion liters of petroleum products. A daily estimate of 140,000 barrels was given for this. The head of NEITI, perplexed by the rising incidence of oil theft, stated, "Our 2009 to 2020 audits' figures place Nigeria's losses from crude oil theft over a 12-year period at 619.7 million barrels valued at N16.25 trillion, or $46.16 billion. Comparably, the nation lost 4.2 billion liters of petroleum products from refineries valued at $1.84 billion between 2009 and 2018. He continued by saying that the previous administration formed a special panel on oil theft...

A discussion of Nigerian football history would be incomplete if it did not include mention of two prominent brothers who played for their country simultaneously and at different times. Perhaps the greatest footballing duo in Nigerian history is the Uche brothers. The two captured the hearts of many Nigerians with their dashing green and white outfits, and at one stage they were regular names in the Super Eagles matchday roster. Kalu Uche and Ikechukwu In 2003, Kalu Uche scored his first goal in an African Nations Cup qualifying match against Angola. Four years later, Ikechukwu made his debut as a member of the Nigerian team that lost in the 2008 Africa Cup of Nations quarterfinals (AFCON). While they were a member of the team Ikechukwu played 49 games for the Super Eagles, scoring 19 goals, while Kalu made 37 appearances and scored six goals. The majority of the pair's club career was spent in Spain. Ike Uche played for the team that won the 2013 AFCON. Kanu, Christo...

The fictitious foundation of Nigeria's constitutional democracy is federalism, which was created to maintain a balance of power between the national government and the subnationals. But the integrity of this federalist system has come under serious scrutiny in light of the Supreme Court's recent ruling on local government authority. The judiciary ought to construe the Constitution in a way that strengthens decentralization. The federal, state, and local levels of government are divided, according to the Court's most recent ruling in response to a lawsuit brought by Lateef Fagbemi (SAN), the Attorney-General of the Federation and Minister of Justice, contesting the state governors' authority over LGs. The principles of federalism are being flagrantly violated by this. The ruling prohibited the governors from accepting, holding onto, or using the LG distributions. According to the Court, states that receive LG funding are in violation of Section 162 of the 1...

In the lawsuit for local government autonomy filed by the federal government against the 36 state governors of the union, the Supreme Court had ruled today Thursday. Recall that the claim was brought by Lateef Fagbemi (SAN), the Minister of Justice and Attorney-General of the Federation, who is requesting complete autonomy for all 774 local governments in the nation.  Fortunately, it was ruled for local governments to have autonomy. That was pleasing to hear