Economists predict stagflation for Nigeria in 2022
Economists have predicted Nigeria’s inflation rate at 12% and an 8.2% economic growth rate in 2022 which is the third worst inflation rate out of over 32 countries surveyed by Bloomberg. Nigeria was third from bottom behind Turkey and Argentina with an inflation rate target at the end of Q4 of 12.1%, the European and […]
Oyo Ex-governor, Alao Akala is dead
A former governor of Oyo State, Alao Adebayo Akala is dead. Caracal Reports gathered that the former governor died on Wednesday at the age of 71. His death was confirmed to the journalists by his media aide, Tolu Mustapha. Mustapha, while confirming the death of his boss said “Yes. It has happened. It has happened”. […]
Obasanjo, Tinubu, others pay tributes to Late Ernest Shonekan
Nigerians continue to pour tributes in for the late leader, Ernest Shonekan, who died Tuesday morning. Shonekan, 85, died of natural causes, according to a statement issued by his family. The Ogun-born statesman was the head of the interim government that led Nigeria between the military governments of Ibrahim Babangida and Sani Abacha, from August […]
Bandits attack Magama gold mine, kill 3, abduct 13 in Kastina
About 60 Armed bandits have attacked a newly found illegal gold mining site at Magama village, in Jibiya Local Government Area of Katsina State, killing three persons, while at least five others were injured. Tasiu Abdullahi, the Chairman of the Gold dealers in the area, confirmed the attack said that “the bandits came into our […]
UN reappoints Amina Mohammed its Deputy Secretary-General
Former Nigeria Minister of Environment, Amina Mohammed has been reappointed as the Deputy Secretary-General of the United Nations. Antonio Guterres, UN Secretary-General affirmed this on Monday to formalise his prior announcement that the Nigerian would continue in her role during his second term. In delegating development coordination to the Deputy Secretary-General, the UN scribe set […]
Vice President Osinbajo’s Camp Consults With South-West Leaders Over 2023, Plans To Drown Tinubu
Pro-Yemi Osinbajo groups have started strategising on weakening the influence of former Lagos State Governor, Bola Tinubu, in the South-West as the race for the 2023 presidency thickens, CaracalReports has learnt. Already, the chairman of the Public Opinion Leaders Group, a unit of The Progressive Project (TPP), one of the groups rooting for Osinbajo presidency […]
Nigerian Musician Arraigned Over Murder Of Another Nigerian In South Africa
A Nigerian rapper identified as Nicholas Ebanehita Ogbeifun has been arraigned over the murder of another Nigerian man in Johannesburg, South Africa. The deceased Nigerian namely Ajence was reportedly shot on Monday, January 3, in what resembled an assassination, at a petrol station on Central Avenue, in the Kempton Park area, Gauteng. A chase by police […]
Ebonyi governor, Umahi declares interest in 2023 presidency
Ebonyi State Governor, Dave Umahi, has announced his interest in contesting the 2023 presidential election. Umahi revealed this to the State House Correspondents on Tuesday after a closed-door meeting with the President, Major General Muhammadu Buhari (retd.), at the Presidential Villa, Abuja. The governor’s visit to the Villa comes barely 24 hours after the National […]
You’re not getting things right, NANS slams Buhari
The National Association of Nigerian Students, NANS in the South-West zone has rejected the Federal Government’s plan to introduce N10 per litre tax on carbonated drinks. Caracal Reports had reported that the Minister of Finance, Budget and National Planning, Zainab Ahmed, announced the plan, saying it’s a way to control sugar and diabetes in citizens. […]
Zainab Ahmed: Nominal GDP to rise to N184 trillion in 2022
The FG through the Minister of Finance, Budget, and National Planning Mrs Zainab Ahmed has revealed that it expects Nigeria’s nominal GDP to rise from N168.60 trillion in 2021 to N184.3 trillion in 2022. Zainab Ahmed disclosed this during the public presentation and breakdown of the 2022 budget held in Abuja, this week. On a […]
