Analysis of the Foreign Trade report published by the Nigerian Bureau of Statistics (NBS) over 12 months reveals that manufactured goods imported into Nigeria hit N16 trillion between 2023 and 2024.
The analysis also revealed that the value of the manufactured goods imported into the country between April 2023 and March 2024 increased by 60 per cent when compared to the value of manufactured products imported during the previous 12 months, which began in April 2022 and ended in March 2023.
The Nigerian Electricity Regulatory Commission (NERC) has announced that the federal government approved N21 billion for 11 electricity Distribution Companies (DisCos) to provide meters for customers.
It was contained in the NERC’s ORDER NO: NERC/2024/072 on the Operationalization of “Tranche A” of the Presidential Metering Initiative Under the Framework of Meter Acquisition Fund.
The order gave a breakdown of the funds available for each DisCo for the purchase of end-use customer meters.
3. Recapitalisation: Banks Jostle To Attract Investors, Shareholders in Fresh Capital Raising
Financial institutions, particularly those listed on the Nigerian Exchange Limited (NGX), are positioning themselves to draw in both new and current shareholders in response to the Central Bank of Nigeria’s (CBN) directive that banks increase their capital base by March 31, 2026.
4. We Need Concrete Solution To Nigeria’s Challenges Not Excuses, Obi Tells Tinubu’s Govt
The Presidential Candidate of the Labour Party (LP), in the 2023 election, Mr Peter Obi, has charged President Bola Tinubu to stop downplaying the sufferings Nigerians are facing currently in the country.
In a series of tweets on his X handle, Obi said that the government has chosen to make generalisation that dismisses the problem of the people rather than face the reality of the situation.
Read more5. Cholera Outbreak: Death Toll Rises to 24 in Lagos State
The death toll of the cholera outbreak has increased to 24 with 34 confirmed cases and 417 suspected cases in 20 Local Government Areas of the state.
This was confirmed by the state Commissioner for Health, Prof Akin Abayomi on his X handle @ProfAkinAbayomi on Friday.
Abayomi said the update was from the Lagos State Cholera Outbreak Situation Report (EPI Week 25) as of 19 June, 2024.
6. Rivers LG Lockdown: 40 CSOs Threaten Statewide Protest
Civil Liberties Organisation (CLO), and over 40 affiliate organisations have threatened to embark on a statewide protest against the deployment of police men by the Inspector General of Police (IGP), Kayode Egbetokun to the 23 local government councils in the state. The officers had barricaded the council secretariats since Tuesday when the state governor, Siminalayi Fubara, directed the council chairmen whose tenure have expired to handover and vacate office.
The South-South zonal chairman of CLO, Comrade Enefaa Georgewill while speaking on the continuous blockade of the Secretariat, called on the police to stop turning Rivers State to a police state, adding that the continuous blockade was ‘insulting and demeaning to the people of Rivers State’.
7. Nigerian Army Recovers, Destroys 14 Boats Used By Oil Bunkerers in Abia
The Nigerian Army on Friday evening, recovered and destroyed 14 boats and several drums of crude oil used in oil bunkering at Isimini Waterside, Ukwa West Local Government Area of Abia State.
8. Niger Authorities confirm sabotage of oil pipeline by rebels
Niger military rulers have confirmed oil pipeline sabotage as group of rebels claim responsibility for the attack.
The oil pipeline was supposed to transport oil to neighboring Benin Republic but it was destroyed by a group of rebels known as Patriotic Liberation Front (FPL) who were fighting for the release of democratically elected president, Mohamed Bazoum.
9. New HIV Prevention Drug Shows 100% Efficacy
A new HIV prevention drug called Lenacapavir has shown 100 percent efficacy after a clinical trial among adolescent girls and young women in South Africa and Uganda.
According to Gilead Sciences, the developer of lenacapavir, the twice-yearly injection was found to be superior to daily Truvada, the current standard for pre-exposure prophylaxis (PrEP).
10. Two Million Benue Farmers Sacked from Ancestral Homes Lament Over living Conditions
Two million Benue farmers who were sacked from ancestral homes by armed herdsmen and living in IDPs camps over seven years cry out lamenting their living conditions.
They said it has been traumatic living in the camp and expressed their desires to go home to their farms.
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