Nigerian businesses faced notable challenges in October 2024, with the Stanbic IBTC Purchasing Managers’ Index (PMI) declining to 46.9 from 49.8 in September, signaling a slowdown in economic activity. This drop reflects the pressure of rising inflation, which reached 32.70% in September, impacting the operational costs and demand that many businesses depend on. The index, which measures business conditions, highlights the ongoing economic strain affecting production and purchasing power across sectors in Nigeria. “The headline PMI dropped to 46.9 in October from 49.8 in September, signalling a marked deterioration in business conditions that was the most pronounced since March 2023.…
Author: Akintayo Adams
Libya has reportedly begun arresting Nigerians following a recent CAF ruling favoring Nigeria over the Super Eagles’ treatment in Libya. The Nigerian football team faced prolonged detention at Al-Abraq Airport before a scheduled Africa Cup of Nations qualifier, leading the NFF to file a complaint with CAF. CAF’s disciplinary committee awarded the Super Eagles three points and goals, also fining the Libyan Football Federation $50,000. Libyan Football President Nasser Al-Suwai’i condemned the ruling, calling it biased, and announced plans to appeal. Following the CAF ruling, a popular Libyan news blog, Libya News Today 1, posted on Sunday, stating, “All Libyan…
Former Governor of Anambra State and Presidential Candidate of Labour Party in the last election, Peter Gregory Obi stated that Nigeria suffers from poverty and unproductivity, attributing this to an overemphasis on politics and religion. He made this known in an interview on the Honest Bunch podcast released on Saturday. “I’m not happy in Nigeria; we can’t continue to breed poverty; that’s not leadership. We live in a largely unproductive society, which is why the only things that seem attractive here are politics and religion,” he remarked. Obi proposed transforming vigils into night shifts, arguing that too much time is…
The Taliban’s Ministry for the Promotion of Virtue and Prevention of Vice recently imposed further restrictions on Afghan women, prohibiting them from publicly expressing the Takbir (a declaration of faith) or reciting the Quran aloud, even among other women. This policy, introduced by Minister Mohammad Khalid Hanafi, has fueled significant backlash, with Afghan women increasingly vocal about safeguarding their rights amid the Taliban’s tightening restrictions on public and religious expression. Hanafi, who is sanctioned by the United Nations and the European Union, explained that, under Islamic law, a woman’s voice is considered “awrah”—a term in Islamic jurisprudence meaning something that…
Sèyí Mákindé, Governor of Oyo State said that the hugely anticipated 2027 general election will be between the ruling All Progressives Congress (APC) and the Nigerian populace. The Oyo Helmsman stated this on Saturday during the commissioning of the Late Olusoji Adagunodo zonal secretariat of the party in Ibadan, the state capital. Speaking further, he said his political ambition rests solely on him. He said, “People have been complaining; they have been talking; they have been making a lot of speculations. Let me say this again, and I will say it myself: nobody will set an agenda for me apart…
Activist Aisha Yesufu has berated Northerners for always misplacing their priorities. In a post on her X handle, she claimed Northerners prefer to focus their energy on frivolities than what really matters. Related || FG arraigns malnourished, sick protesters According to her, they’re never anywhere to be seen when it’s time to condemn injustice or fight for what is their fundamental rights. The outburst might not be unconnected to the recent arraignment of minors arrested during the #EndBadGovernance protest. Related || Court grants 67 arraigned minors ₦10m bail each “If it is a musician using mosque or hijab in their video…
Emergency responders are battling to tackle a fire outbreak at a private telecommunications outfit in Gana Street, Maitama, Abuja. It was also reported that the inferno also razed down a building housing a local eatery in the area. More to come as story unfolds…
A Nigerian influencer, Pooja, recently went viral after sharing a troubling message from a follower asking for help in selling a kidney. The influencer posted the conversation on X (formerly Twitter), shedding light on the extreme measures people are considering amid difficult financial conditions. The follower’s message read: “Good morning. I know you are an influencer, so you probably have connections. Please, I want to sell one of my kidneys. I don’t know if you can help me find someone interested. I would really appreciate your assistance.” In response, the influencer said he reached out to the individual, encouraging him…
Nigerian singer Adekunle Gold recently voiced his concerns over the country’s growing economic difficulties. Reflecting on the current hardship, he suggested that P-Square’s 2009 hit “E No Easy” would resonate even more if released now, as it captures the challenges people face during tough times. Gold added that if the song were re-released today, he’d add his own verse to express his frustration over Nigeria’s economic state. On his Snapchat page, Gold wrote, “Na this year Psquare suppose sing ‘E No Easy’. Make them feature me, make I express my feelings for verse 3.” ‘E No Easy’ was released off…
Kemi Badenoch has become the new leader of the UK’s Conservative Party, winning against Robert Jenrick with a strong majority—53,806 votes to Jenrick’s 41,000. Following a four-month race, Badenoch takes over as the Conservatives seek to rebuild after a disappointing July election, in which they lost numerous seats. Her campaign has focused on issues like immigration, the economy, and party unity. As the party’s new head, she is tasked with regaining public trust and addressing the challenges discussed throughout the campaign. After the close of polls on Thursday, Ms Badenoch described the party as a “family” and said that it…