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Tinubu Suspends Three Perm Secs Over Alleged Fake Agency in SGF Office

KEY POINTS Tinubu ordered the arrest of George Nwabueze over an alleged fake office operating within the OSGF. Three permanent secretaries — M.S. Danjuma, Nadungu Gagare and Richard P. Pheelangwah — were suspended. ICPC says its wider investigation into fake agencies and government process...
News

Travellers Accuse JTF Operatives of Extortion, Harassment in Imo

KEY POINTS Travellers accuse JTF personnel in Imo of extortion, phone searches, harassment and threats of violence at checkpoints. One traveller alleges officers tried to create a situation where he could be shot and labelled an IPOB or ESN member. Evidence cited in the...

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Business

FEC Approves N47.96 Trillion 2025 Budget for National Assembly

FEC approves N47.96 trillion 2025 budget as Tinubu prepares to present it to the National Assembly. Key revenue and oil production targets set
Business

Nigeria’s Inflation to Hit 34.64% as Cost Pressures Mount

Nigeria's inflation is forecast to hit 34.64%, driven by food prices, cost pressures, and sticky core inflation, according to Financial Derivatives analysts
Business

Imported Petrol Landing Cost Drops to N900 Per Litre

Nigeria’s oil dependence exposes its economy to price shocks, but diversification into agriculture, tech, and minerals aims to ensure economic stability
Business

In Five Years, FAAN Remits Over N218bn to Federation Account

For 2020 to 2024, FAAN remits over N218bn to Nigeria's Federation Account and N352.2m in stamp duty payments.
Business

Naira Plummets to N1,780/$1 as Forex Volatility Grows

The naira plummets to N1,780/$1 in the black market, reversing gains as forex volatility raises concerns about Nigeria’s economic stability
Business

Nigeria’s Oil Dependence and Path to Economic Diversification

Nigeria’s oil dependence exposes its economy to price shocks, but diversification into agriculture, tech, and minerals aims to ensure economic stability
Business

Naira Strengthens as Traders Respond to Central Bank FX Policy

The naira gained strength in the parallel market, supported by Central Bank reforms, FX trading upgrades, and trader confidence
Business

Nigeria hits 158 CNG Conversion Centres, targets 1,000 by 2025

With plans to establish 1,000 conversion centres, local manufacturing hubs and mechanic training institutes, Nigeria’s move to compressed natural gas vehicles hits the mark.
Business

Naspers Reports $3.4 Billion in Revenue for H1 2025

Naspers sees 23% revenue growth in 2025, fueled by its e-commerce portfolio, U.S. operations, and AI-driven innovations
Business

Nigeria, France Ink Deal to Transform Solid Minerals Sector

Nigeria and France sign MoU to boost mining sustainability, diversify solid minerals, and promote environmental restoration.
Business

Kano Revenue Agency Seals Max Air Over Unpaid N190 Million Tax Debt

Kano Revenue Service seals Max Air’s headquarters over N190 million($0.11 million) tax debt, after failed negotiations for payment.
Business

To Quell Inflation, CBN Increases Interest Rate to 27.5 Percent

CBN hikes interest rate to 27.5% to rein in inflation fuelled by energy costs, fiscal deficits.
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News

Tinubu Suspends Three Perm Secs Over Alleged Fake Agency in SGF Office

KEY POINTS Tinubu ordered the arrest of George Nwabueze over an alleged fake office...
News

Travellers Accuse JTF Operatives of Extortion, Harassment in Imo

KEY POINTS Travellers accuse JTF personnel in Imo of extortion, phone searches, harassment and...
Politics

Adeleke Meets Tinubu, Presents Certificate of Return After Osun Victory

KEY POINTS Ademola Adeleke presented his Certificate of Return to President Bola Tinubu after...
News

23-Year-Old Boko Haram Fighter Surrenders to Nigerian Troops

KEY POINTS 23-year-old suspected Boko Haram fighter Ali Saidiq surrendered to troops in Borno...