Author: The North Journals
Riyadh, Saudi Arabia The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has underscored the need for stronger economic collaboration between Nigeria and the Middle East, emphasizing the role of the Nigerian diaspora in driving financial growth. Speaking with Saudi Arabia’s Assistant Governor for Monetary Affairs, Talal Al-Humond, on the sidelines of the Emerging Markets Economies Conference in Riyadh, Cardoso highlighted key lessons from Saudi Arabia’s infrastructure and tourism development. He praised the Kingdom’s economic diversification strategies, which have transformed its financial landscape and positioned it as a global investment hub. Cardoso reaffirmed the CBN’s commitment to strengthening…
In a significant economic shift, Nigeria’s headline inflation rate dropped to 24.48% in January 2025 following the rebasing of the Consumer Price Index (CPI), according to the National Bureau of Statistics (NBS). This marks a sharp decline from the 34.80% recorded in December 2024, providing a fresh perspective on the nation’s economic landscape. Statistician-General Adeyemi Adeniran explained that the CPI rebasing, last conducted in 2009, was necessary to reflect contemporary consumption patterns and the rise of emerging sectors in the economy. The update aims to offer a more accurate representation of inflation trends and price movements across various goods and…
The House of Representatives has scheduled a public hearing on tax reform bills for February 26, 2025, in a move aimed at gathering community input on proposed changes to Nigeria’s tax system. Speaker Tajudeen Abbas made the announcement during Tuesday’s plenary, emphasizing the need for broad-based contributions to shape a more effective and business-friendly tax regime. A 36-member Special Committee has been set up to oversee the hearing, ensuring expert insights into tax administration and the economic impact of the reforms. The committee, chaired by Rep. Abiodun Faleke, with Seidu Abdullahi as deputy, includes experienced lawmakers such as Alhassan Ado-Doguwa,…
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has called on the Nigerian Mining and Geosciences Society (NMGS) to embrace new technologies and foster continuous improvement to maximize the country’s natural resources. Speaking at the 60th NMGS Conference and Exhibition held in Abuja, Kyari emphasized the crucial role of innovation in boosting revenue generation across Nigeria’s resource sectors. He highlighted the need for modernized mining practices, data-driven exploration techniques, and policy enhancements to drive sustainable growth. Themed “Transformation of the Mineral, Energy, Water and Construction Sectors through Innovation,” the conference brought together industry…
In a significant move to bolster Nigeria’s security infrastructure, the Minister of Justice, Chief Lateef Olasunkanmi Fagbemi, SAN, officially commissioned a new barracks for the National Drug Law Enforcement Agency (NDLEA) in Yola today. The inauguration ceremony drew top government officials, security chiefs, and community leaders, highlighting the importance of the new facility. Addressing attendees, the Chairman and CEO of NDLEA, Rtd Brigadier General Buba Marwa, emphasized the critical role of the barracks in enhancing the welfare and operational effectiveness of NDLEA personnel. “This barracks is a testament to our commitment to strengthening security infrastructure and ensuring that our officers…
By Masiye Tembo “With climate change threatening food security in Zambia and beyond, CWRs present a promising avenue for building agricultural resilience” In the face of increasing climate variability, smallholder farmers in Lukolongo Agricultural Camp, Kafue District, Zambia, are discovering a potential lifeline: crop wild relatives (CWRs). A recent study conducted by climate change scientist Masiye Tembo, in collaboration with Mulungushi University’s Prof. Chansa Chomba and Eng. Francis Sichilima, highlights the role of CWRs in enhancing food security and agricultural resilience. The study, conducted between January 28 and February 20, 2024, examined the occurrence and utilization of CWRs among local…
By Yecenu J. Sasetu In a bold move against human trafficking, operatives of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP) have intercepted 13 Nigerian women at the Nnamdi Azikiwe International Airport, Abuja, moments before they were trafficked to Iraq for forced labor and sexual exploitation. The women, aged between 19 and 39, had been deceived by unregistered labor recruiters, part of a notorious trafficking syndicate operating between Nigeria and the Middle East. Their ordeal was cut short by NAPTIP’s swift intervention, preventing them from falling into the hands of ruthless exploiters abroad. But that wasn’t the…
Adamawa State Police Commissioner, CP Dankombo Morris, has condemned the recent kidnapping incident in Mayokila Village, Mapeo District, Jada Local Government Area. The attack, which occurred in the early hours of February 17, 2025, saw a gang of unknown gunmen storm the village, firing sporadically before abducting four individuals, including Abubakar Sadiq Umar (a.k.a. Haske), a staff member at Modibbo Adama University Teaching Hospital, Yola. The Adamawa State Police Command received a distress call around 3:30 AM, prompting Dankombo to deploy a specialized tactical team to reinforce officers at Kojoli Division in a coordinated search-and-rescue mission. The police have vowed…
Police Arrest Two Men for Alleged Rape of Minor in Yobe
Kumangar is a beneficiary of the very struggle he now seeks to belittle,” Guy stated.