Hottest news in nigeria today

Here are some of the hottest news in Nigeria today:

  1. Nigeria's Inflation Rate Rises to 17.6%: The National Bureau of Statistics (NBS) has announced that Nigeria's inflation rate has risen to 17.6% in June 2022, the highest in over 17 years. This is due to the ongoing economic challenges and the impact of the COVID-19 pandemic.
  2. Fuel Scarcity Hits Nigeria: Fuel scarcity has hit Nigeria, with many petrol stations running out of fuel. The scarcity is attributed to the ongoing strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas Workers (NUPENG).
  3. Nigeria's Economy Contracts by 1.5%: The National Bureau of Statistics (NBS) has announced that Nigeria's economy contracted by 1.5% in the first quarter of 2022, due to the impact of the COVID-19 pandemic and the economic challenges facing the country.
  4. Buhari Signs Executive Order to Boost Local Content: President Muhammadu Buhari has signed an executive order to boost local content in Nigeria's economy. The order aims to promote the use of local goods and services in government procurement and to reduce the country's reliance on foreign goods.
  5. Nigeria's Power Sector Records 4,000MW Generation: The Transmission Company of Nigeria (TCN) has announced that Nigeria's power sector has recorded a generation of 4,000 megawatts (MW) for the first time in over a decade. This is a significant improvement from the 2,000MW generated in 2020.
  6. Nigeria's Debt Hits N32.9 Trillion: The Debt Management Office (DMO) has announced that Nigeria's debt has hit N32.9 trillion, with the country's external debt standing at $32.9 billion. This is a significant increase from the N24.9 trillion debt recorded in 2020.
  7. Nigeria's Police Arrest 10 Suspects Over Kidnapping of Students: The Nigeria Police Force has arrested 10 suspects in connection with the kidnapping of students of the Federal College of Forestry Mechanization in Kaduna State. The students were kidnapped on March 11, 2022, and were later released after a ransom was paid.
  8. Nigeria's Senate Passes Bill to Establish National Centre for Artificial Intelligence: The Nigerian Senate has passed a bill to establish a National Centre for Artificial Intelligence (NCAI) to promote the development and use of artificial intelligence in the country.
  9. Nigeria's Central Bank Reduces Interest Rate to 13.5%: The Central Bank of Nigeria (CBN) has reduced the monetary policy rate (MPR) to 13.5% from 14% to stimulate economic growth and reduce inflation.
  10. Nigeria's Government to Launch National Digital Identity System: The Nigerian government is set to launch a national digital identity system to promote financial inclusion and reduce identity fraud. The system will use biometric data to verify the identities of citizens.

These are some of the hottest news in Nigeria today. Please note that the news may be subject to change as new developments emerge.