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ISSN 1595-5311

News Editor

Saudi Arabia Opens Mecca, Medina To Foreign Investors

Saudi Arabia on Monday said foreigners are from now on allowed to invest in Saudi-listed companies that own property in Mecca and Medina, Islam’s two holiest cities. The decision “aims to stimulate investment, enhance the attractiveness and efficiency of the capital market,
January 28, 2025

CBN Waives 2025 License Renewal Fee For BDCs

The Central Bank of Nigeria (CBN) has announced the waiver of the 2025 non-refundable annual license renewal fee for Bureau De Change (BDC) operators. In a circular dated January 24, 2025, signed by John S. Onojah, Acting Director of the Financial Policy
January 28, 2025

CBN To Commence Payment Of Forex Backlog

The Governor of the Central Bank, Olayemi Cardoso, has disclosed that the forensic verification process to resolve all outstanding foreign exchange backlogs has been completed, and payments will begin shortly.  During the launch of the foreign exchange code, Cardoso expressed his disappointment
January 28, 2025

FG  Earns ₦2.4bn from Marriage Registrations

The Minister of Interior, Olubunmi Tunji-Ojo, revealed that the Federal Government generated approximately N2.4 billion from marriage contracts through its marriage registry in 2024.  He also stated that the government plans to improve security along the nation’s borders to reduce the influx
January 28, 2025

Tinubu Inherited N87.38trn Debt — DMO

The Debt Management Office (DMO) announced that President Bola Tinubu inherited a total debt of N87.38 trillion upon assuming office on May 29, 2023. The DMO revealed the above in a bid to clarify recent media reports claiming that President Bola Tinubu
January 28, 2025

El-Rufai Alleges Lack Of Internal Democracy In APC

Former Kaduna State Governor Nasir El-Rufai has claimed that the All Progressives Congress (APC) lacks internal democracy and effective party structures.  El-Rufai made these remarks at a national conference in Abuja focused on strengthening democracy in Nigeria.  He shared his views on
January 28, 2025

El-Rufai Alleges Lack Of Internal Democracy In APC

Former Kaduna State Governor Nasir El-Rufai has claimed that the All Progressives Congress (APC) lacks internal democracy and effective party structures.  El-Rufai made these remarks at a national conference in Abuja focused on strengthening democracy in Nigeria.  He shared his views on
January 28, 2025

FG Rakes In ₦2.4bn From Marriage Contracts

The Minister of Interior, Olubunmi Tunji-Ojo, announced that the Federal Government generated approximately N2.4 billion from marriage contracts through its marriage registry in 2024.  He also stated that the government plans to enhance security along the nation’s borders to reduce the influx
January 28, 2025

Tinubu Inherited N87.38trn Debt — DMO

The Debt Management Office (DMO) said President Bola Tinubu inherited a total of N87.38 trillion debt upon assumption of office. President Tinubu took office on May 29, 2023. The DMO revealed the above in a bid to clarify recent media reports claiming
January 28, 2025

Sowore Detained After Rejecting Police Bail Conditions

Prominent activist and former presidential candidate Omoyele Sowore was detained on Monday at the Intelligence Response Team (IRT) detention facility in Abuja after rejecting the bail conditions set by the police. Sowore, who arrived at the Force Intelligence Headquarters earlier that day,
January 28, 2025
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