Nigerian breaking news as of july 2019
Here are some of the major breaking news stories in Nigeria as of July 2019:
- Sack of EFCC Chairman, Ibrahim Magu: On July 7, 2019, the Nigerian Senate rejected the nomination of Ibrahim Magu as the Chairman of the Economic and Financial Crimes Commission (EFCC) for the second time. Magu was first rejected in 2017.
- Nigeria's Economy Grows by 2.03%: The National Bureau of Statistics (NBS) announced on July 24, 2019, that Nigeria's Gross Domestic Product (GDP) grew by 2.03% in the second quarter of 2019, indicating a slow economic growth.
- Boko Haram Attacks in Borno State: On July 2, 2019, Boko Haram insurgents attacked a military base in Borno State, killing several soldiers and destroying military equipment. The attack was one of several that occurred in the state in July.
- Nigeria's Inflation Rate Rises to 11.37%: The NBS announced on July 17, 2019, that Nigeria's inflation rate rose to 11.37% in June 2019, up from 11.22% in May.
- Fuel Price Hike: On July 1, 2019, the Nigerian government increased the price of fuel from N145 to N145.90 per liter, sparking protests and outrage from Nigerians.
- Nigeria's Power Sector Records 4,000MW Generation: The Transmission Company of Nigeria (TCN) announced on July 22, 2019, that the country's power sector recorded a generation of 4,000 megawatts (MW) for the first time, a significant improvement from previous years.
- Nigerian Army Launches Operation "Whirl Stroke": On July 11, 2019, the Nigerian Army launched Operation "Whirl Stroke" to combat banditry and kidnapping in the North-Central region of the country.
- Nigeria's Senate Passes 2020 Budget: The Nigerian Senate passed the 2020 budget on July 25, 2019, with a total expenditure of N10.59 trillion.
- Nigerian Police Arrest Suspects in Kidnap of Kankara Schoolboys: On July 21, 2019, the Nigerian Police Force arrested several suspects in connection with the kidnapping of over 300 schoolboys from Government Science School in Kankara, Katsina State.
- Nigeria's Central Bank Reduces Interest Rate to 13.5%: The Central Bank of Nigeria (CBN) reduced the Monetary Policy Rate (MPR) from 14% to 13.5% on July 25, 2019, to stimulate economic growth.
These are just a few of the major breaking news stories in Nigeria as of July 2019.