News

You Proved Me Wrong, Fayose Hails Sanwo-Olu

Former Ekiti State governor Ayodele Fayose says Lagos State governor Babajide Sanwo-Olu has proved the projections of stakeholders in the nation’s economic nerve centre wrong with his performance. Fayose stated this on Wednesday during the Commissioning of Ikeja GRA Network of Roads

by News Editor

January 10, 2025

Economy

CBN Announces End of Export Proceeds Repatriation Extension

The Central Bank of Nigeria (CBN) has suspended the approval of extensions for the repatriation of export proceeds on behalf of exporters. CBN noted this directive which was issued through a circular dated January 8, 2025, takes immediate effect. The suspension applies

by News Editor

January 10, 2025

News

Borno State: Nigerian Military Reports 34 Terrorist Deaths, 6 Troop Casualties in Foiled Boko Haram/ISWAP Attack

The Nigerian military, on Wednesday, said with both ground and air components of operation Hadin Kai, it killed no fewer than 34 terrorists and recovered 23 AK 47 rifles during a failed retaliatory attack by elements of Boko Haram and Islamic State

by News Editor

January 10, 2025

Economy

Inflation Rate May Decline to 27% by December — Report

Nigeria’s headline inflation rate is projected to average 30.5% year-on-year in 2025 and settle at 27.1% by December 2025. According to the latest NESG-Stanbic IBTC Business Confidence Monitor report, the forecast is based on the premise that headline inflation is expected to

by News Editor

January 10, 2025

News

FG Receives $52.88m Recovered Assets Linked To Diezani

The Nigerian government says it has received $52.88m recovered Galactica assets, linked to a former Minister of Petroleum Diezani Alison-Madueke from the USA. The Attorney-General of the Federation and Minister of Justice Lateef Fagbemi disclosed this at the formal signing ceremony of

by News Editor

January 10, 2025

News

Tinubu Calls For Increase In China-Nigeria Currency Swap

President Bola Tinubu on Thursday urged the government of the People’s Republic of China to increase the $2 billion currency swap between Nigeria and China to enhance trade between the two countries. He also called for an upward review of the $50

by News Editor

January 10, 2025

Economy·News

FBN Holdings Addresses Call for Extraordinary General Meeting, Reassures Stakeholders

FBN Holdings Plc has released a statement to address a media report regarding two of its shareholders’ calls for an Extraordinary General Meeting (EGM). The company has assured its stakeholders that this development will not affect its operations, as all businesses within

by News Editor

January 10, 2025

News

CNG Kicks Against Tax Reform Bills, Proposed Telecom Tariff Hike

The Coalition of Northern Groups and civil society organizations have rejected the proposed tax reform bills sent to the National Assembly by President Bola Tinubu for legislative approval, stating that the bill and other related policies will deepen economic hardship, marginalize regions,

by News Editor

January 10, 2025

News

Obi to FG: End Insecurity, Rescue Those In Kidnappers’ Captivity

Former Governor of Anambra State, Peter Obi, has urged the federal government to implement lasting solutions to the increasing insecurity in the country. He also called for the rescue of individuals held captive by kidnappers. Obi expressed his concerns in a post

by News Editor

January 10, 2025

News

STATE HOUSE PRESS RELEASE: PRESIDENT TINUBU TO HIS AIDE-DE-CAMP: I SEE YOU GOING PLACES IN YOUR MILITARY CAREER

President Bola Tinubu, Thursday in Abuja, congratulated his Aide-de-Camp, Col. Nurudeen Alowonle Yusuf, for his promotion. He described him as a reliable officer, deserving of elevation in rank. Lt. Col. Yusuf was promoted to Colonel by Nigerian Army Promulgation AHQ MS/G1/300/252/2 on

by News Editor

January 9, 2025

News

Teacher caught on tape assaulting pupil remanded in Kirikiri

. The Lagos State Police Command has arraigned Stella Nwadigbo, aged 45, for indecent treatment and assault of a child. Nwadigbo who was arraigned in Magistrate Court 1, Ogba today, January 9, 2025, went viral on Wednesday, January 8 after a video

by News Editor

January 9, 2025

News

Navy Destroys Illegal Refineries, Seizes 35,000 Litres Of Crude In Ondo

The Nigerian Navy Forward Operating Base (FOB) in Igbokoda has dismantled nine illegal refining sites and destroyed 20,000 litres of crude oil and 15,000 litres of illegally refined diesel in the Obenla community, Ilaje Local Government Area of Ondo State. The Commander

by News Editor

January 9, 2025

News

Planned Telecoms Tariff Hike Will Help Reduce Inflation, Says Rewane

The Chief Executive Officer of Financial Derivatives Bismarck Rewane has welcomed the proposed tariff hike by telecoms companies, saying the move will help reduce inflation. Recall, Nigeria’s Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, on Wednesday confirmed plans to increase

by News Editor

January 9, 2025

News

Alleged Threat To Life: Obi’s Claims Sheer Falsehood, Says APC

The All Progressives Congress (APC) has dismissed Peter Obi’s claims about threats to his life. Obi, the Labour Party (LP) presidential candidate in the 2023 election, had claimed that a comment by the APC spokesman Felix Morka had put him and his

by News Editor

January 9, 2025

News

Borno Attack: Tinubu Mourns Slain Soldiers, Orders Probe

President Bola Tinubu on Thursday mourned the soldiers who were killed in an attack on an army base in Sabon Gida, Damboa, Borno State. Members of the Islamic State West Africa Province (ISWAP) launched a pre-dawn attack in trucks and on motorcycles

by News Editor

January 9, 2025

News Editor

You Proved Me Wrong, Fayose Hails Sanwo-Olu

CBN Announces End of Export Proceeds Repatriation Extension

Borno State: Nigerian Military Reports 34 Terrorist Deaths, 6 Troop Casualties in Foiled Boko Haram/ISWAP Attack

Inflation Rate May Decline to 27% by December — Report

FG Receives $52.88m Recovered Assets Linked To Diezani

Tinubu Calls For Increase In China-Nigeria Currency Swap

FBN Holdings Addresses Call for Extraordinary General Meeting, Reassures Stakeholders

CNG Kicks Against Tax Reform Bills, Proposed Telecom Tariff Hike

Obi to FG: End Insecurity, Rescue Those In Kidnappers’ Captivity

STATE HOUSE PRESS RELEASE: PRESIDENT TINUBU TO HIS AIDE-DE-CAMP: I SEE YOU GOING PLACES IN YOUR MILITARY CAREER

Teacher caught on tape assaulting pupil remanded in Kirikiri

Navy Destroys Illegal Refineries, Seizes 35,000 Litres Of Crude In Ondo

Planned Telecoms Tariff Hike Will Help Reduce Inflation, Says Rewane

Alleged Threat To Life: Obi’s Claims Sheer Falsehood, Says APC

Borno Attack: Tinubu Mourns Slain Soldiers, Orders Probe

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