Naija 1 may breaking news
Here are some breaking news updates from Nigeria as of May 1st:
Breaking News:
- Nigeria's Inflation Rate Hits 12.4%: The National Bureau of Statistics (NBS) has announced that Nigeria's inflation rate has risen to 12.4% in April, the highest in over two years. This is due to the ongoing economic challenges and the impact of the COVID-19 pandemic.
- Fuel Scarcity Hits Lagos, Abuja: Long queues have been reported at fuel stations in Lagos and Abuja as fuel scarcity continues to bite. The Nigerian National Petroleum Corporation (NNPC) has assured that it is working to resolve the issue.
- Buhari Signs New Electoral Act: President Muhammadu Buhari has signed the new Electoral Act into law, which aims to improve the conduct of elections in Nigeria. The law introduces new measures such as electronic transmission of election results and the use of technology to enhance the voting process.
- Nigeria's Economy Grows by 0.9%: The National Bureau of Statistics (NBS) has announced that Nigeria's economy grew by 0.9% in the first quarter of 2023, driven by growth in the agriculture and services sectors.
- Kaduna Train Attack: 8 Killed, 26 Injured: At least 8 people were killed and 26 others injured in a train attack in Kaduna State. The attack is believed to have been carried out by bandits.
- Nigeria's Debt Hits N38.6 Trillion: The Debt Management Office (DMO) has announced that Nigeria's debt has risen to N38.6 trillion, with the country's external debt accounting for over 70% of the total debt.
- Nigerian Stock Exchange (NSE) Index Falls by 1.1%: The NSE index fell by 1.1% on Friday, driven by losses in the banking and consumer goods sectors.
These are some of the breaking news updates from Nigeria as of May 1st. Please note that the news is subject to change and may not be up-to-date.