Nigeria’s Inflation rate hits 33.20% as Naira rebounds

The National Bureau of Statistics NBS says Nigeria’s inflation rate jumped to 33.20% in March 2024 compared to February 2024 headline inflation rate which was 31.70%.     A report released by the NBS on Monday, April 15, reads   “Looking at the movement, the March 2024 headline inflation rate showed an increase of 1.50% points when compared to the February 2024 headline inflation rate. On a year-on-year basis, the headline inflation rate was 11.16% points higher compared to the

Continue Reading

Naira/Dollar rate: ‘The political class has to get together and realise that their country is about to die’

Prof. Pat Utomi has warned the Tinubu administration to take caution in how they run the current decline in the value of the Naira. Since the announcement of the removal of subsidy by the president of Nigeria, Bola Ahmed Tinubu on May 29th the Naira has lost 40% of its value in the exchange market causing more hardship for Nigerians. As of press time, the Naira goes for 1150/1200 to one US Dollar on the black market.   Professor Utomi

Continue Reading

The rate of these ridiculous “intentional mistakes” are about to increase because there are no repercussions

Former Big Brother Naija housemate, TBoss, has said that there is going to be an increase in the rate of “intentional mistakes” seen on social media lately because there are no repercussions.    Though TBoss didn’t mention what these “intentional mistakes” are, however, she could be referring to the nude video Big Brother Naija star, Cross mistakenly posted on Snapchat.    “There are mistakes and then there are intentional mistakes. And the rate of these ridiculous intentional mistakes are about to increase…you know why? Because there ‘re no

Continue Reading

You have failed us- Northern elders tell President Buhari while lamenting the high rate of insecurity in the North

The Northern Elders Forum (NEF) has issued a statement criticizing Buhari for failing to tackle insecurity in Northern Nigeria.   In a statement released on Sunday, Ango Abdullahi, convener of the forum, said the issue of insecurity in the north is getting worse by the day.   He added that the constant attacks by bandits and Boko Haram insurgents are indications that the Buhari administration “has failed woefully” in keeping citizens safe.   The statement reads: “Northern Elders Forum (NEF) is alarmed at

Continue Reading

MPC slashes interest rate to 12.5%

The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has reduced Monetary Policy Rate (MPR) to 12.5 per cent.   At the second MPC meeting held under COVID-19 protocols, CBN Governor, Godwin Emefiele, while delivering the communique, said the MPR has been reduced to 12% but other monetary policy parameters remained unchanged.   Emefiele said the MPC resolved to retain the Liquidity Ratio at 30 per cent, Cash Reserve Requirement (CRR) at 27.5 per cent and the asymmetric corridor at

Continue Reading

Site Footer

Sliding Sidebar

About us

Jehu's Blog site covers all niches from A-Z categories. #Viral News #Have you not heard.

Contact us

Email: jehusblog@gmail.com
Phone: +2348063611906

Advertise with us

Contact +2348063611906 for Sponspored Ads,website promotion,youtube video promotion,etc.