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JUST IN: FG announces closure of Independence Bridge in Lagos

The Federal Government on Monday announced the closure of the Independence Bridge (Marina bound) starting April 1 for essential maintenance and rehabilitation works. The Federal Controller of Works, Lagos, Mrs Olukorede Kesha, made this known in a statement in Lagos. She

by News Editor

April 1, 2025

Economy·News

Power Generation Faces Downturn, Falls By 1.64%, Says CBN

The Nigerian electricity sector slowed in the fourth quarter of 2024 (Q4 2024), with the electricity production index declining by 1.64% year-on-year (y-o-y). Data from the Central Bank of Nigeria (CBN) says this marks a reversal from the 5.55% growth recorded in

by News Editor

March 31, 2025

Economy·News

West African Juntas Impose 0.5% Levy on Goods From Nigeria, Other ECOWAS Nations

Mali, Burkina Faso and Niger have announced a new 0.5% levy on imported goods from Nigeria and other Economic Community of West African States (ECOWAS) member-nations. The development comes as they seek to fund a new three-state union after leaving the larger

by News Editor

March 31, 2025

Economy·News

Huawei’s Profits Fell 28% Last Year

Chinese smartphone maker giant Huawei said Monday that profits fell 28 percent last year as it faced international economic uncertainty and weak consumption at home. The Shenzhen-based company has been at the centre of an intense standoff between China and the United

by News Editor

March 31, 2025

Economy·News

Nigeria’s Gas Output to Remain Flat in Second Quarter — Report

Nigeria’s gas production will likely remain flat in the second quarter of this year, the Society of Energy Editors (SEE) has projected in its Second Quarter 2025 Outlook for the Nigerian Energy Sector. Gas flaring penalties might tighten, forcing operators to invest

by News Editor

March 31, 2025

Economy·News

Wema Bank Hits N433b In Gross Earnings

Wema Bank Plc’s audited financial statements for the year that ended on December 31, 2024, revealed that gross earnings jumped to N433.43 billion. The surge is premised by robust interest income and strategic asset expansion. Profit before tax soared by 141% to

by News Editor

March 31, 2025

News·Politics

SERAP Threatens Legal Action Against NASS Over Bill Mandating Voting

The Socio-Economic Rights and Accountability Project (SERAP) has urged Senate President Godswill Akpabio and House Speaker Tajudeen Abbas to retract a proposed bill that seeks to impose a six-month jail term or a ₦100,000 fine on eligible voters who refrain from elections.

by News Editor

March 31, 2025

News

Lagos Confirms 10 Diphtheria Cases, Vaccinates Over 36,000 Residents

The Lagos State government has confirmed 10 cases of diphtheria following laboratory tests carried out on 76 samples between January 1 and March 27, 2025. Commissioner for Health, Prof. Akin Abayomi revealed that 36,310 individuals have been vaccinated as part of the

by News Editor

March 31, 2025

Economy·News

PRESS RELEASE: EDUN UNVEILS STABILISATION PROGRESS, ECONOMIC PRIORITIES IN ABUJA BRIEFING

In a landmark virtual briefing, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun presented a comprehensive update on Nigeria’s economic trajectory to selected members of the media, highlighting significant progress, key priorities, and strategic initiatives to

by News Editor

March 31, 2025

News·Politics

STATEHOUSE PRESS RELEASE: WE REMOVED FCT FROM THE TREASURY SINGLE ACCOUNT TO SPEED UP DEVELOPMENT – PRESIDENT TINUBU

President Bola Ahmed Tinubu explained on Sunday in Abuja that his administration removed the Federal Capital Territory (FCT) from the Treasury Single Account (TSA) to expedite development and enhance resident participation in governance..The President, who received FCT residents at the Presidential Villa

by News Editor

March 30, 2025

Economy·News

Heritage Bank Liquidation: NDIC to Pay Uninsured Depositors in April

The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to commence payments to depositors of the defunct Heritage Bank with balances exceeding the insured limit of N5 million. Following the Central Bank of Nigeria’s (CBN) revocation of Heritage Bank’s license on June

by News Editor

March 30, 2025

News Update

Tinubu Defends Bosun Tijani’s Ministerial Appointment despite Previous Criticism

President Bola Tinubu has justified his appointment of Dr Bosun Tijani as Minister of Communications, Innovation, and Digital Economy. Tinubu said the appointment was a testament to his belief in recognising talent, even in those who may have once been critics. The

by News Editor

March 30, 2025

News Update

Dangote, Rabiu, Otedola, Adenuga Make Forbes’ 2025 Billionaires List

Aliko Dangote, Femi Otedola, Mike Adenuga, and Abdulsamad Rabiu have been named in the 2025 Forbes Africa billionaires list. Forbes Magazine released the list on Saturday. The quartet is the only Nigerian who made the lineup. Dangote, who owns the Dangote Refinery,

by News Editor

March 30, 2025

News

How I Almost Gave Up On My 2023 Presidential Race – Tinubu

President Bola Tinubu has narrated how he almost gave up on his presidential race and how a close ally, Aminu Masari, encouraged him to remain in the race. The President stated this on Saturday at a special birthday iftar organised to thank

by News Editor

March 30, 2025

News

Saudi Arabia announces Sunday as Eid day

Saudi Arabia and some other Gulf Arab states will celebrate the Eid al-Fitr holiday from Sunday, but other Middle Eastern countries will not observe it until Monday. “The Supreme Court has decided that tomorrow, Sunday, March 30, 2025, is the first day

by News Editor

March 30, 2025

JUST IN: FG announces closure of Independence Bridge in Lagos

Power Generation Faces Downturn, Falls By 1.64%, Says CBN

West African Juntas Impose 0.5% Levy on Goods From Nigeria, Other ECOWAS Nations

Huawei’s Profits Fell 28% Last Year

Nigeria’s Gas Output to Remain Flat in Second Quarter — Report

Wema Bank Hits N433b In Gross Earnings

SERAP Threatens Legal Action Against NASS Over Bill Mandating Voting

Lagos Confirms 10 Diphtheria Cases, Vaccinates Over 36,000 Residents

PRESS RELEASE: EDUN UNVEILS STABILISATION PROGRESS, ECONOMIC PRIORITIES IN ABUJA BRIEFING

STATEHOUSE PRESS RELEASE: WE REMOVED FCT FROM THE TREASURY SINGLE ACCOUNT TO SPEED UP DEVELOPMENT – PRESIDENT TINUBU

Heritage Bank Liquidation: NDIC to Pay Uninsured Depositors in April

Tinubu Defends Bosun Tijani’s Ministerial Appointment despite Previous Criticism

Dangote, Rabiu, Otedola, Adenuga Make Forbes’ 2025 Billionaires List

How I Almost Gave Up On My 2023 Presidential Race – Tinubu

Saudi Arabia announces Sunday as Eid day

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