News Update - Page 2

American media stocks fell on Monday after President Donald Trump unveiled a 100% tariff on all movies produced outside the U.S. When implemented, the increase could sharply raise costs for Hollywood studios and rattle the global entertainment industry. Trump’s announcement was short

The World Bank has advised the Federal Government to implement reforms that protect the country’s poorest against rising inflation. The bank also advised the government to boost the livelihoods of all Nigerians through more productive work, which it said is key to

President Bola Tinubu will meet with the leadership of electricity-generating companies over the N4 trillion power sector debt. A statement by the Special Adviser, Strategic Communications and Media Relations to the Minister of Power, Adebayo Adelabu, Bolaji Tunji, on Sunday, said the

Eight OPEC+ member countries on Saturday announced that they will increase oil production for June. According to the statement obtained by Journalists, Saudi Arabia, Russia, and six other members of the oil-producing countries will implement a production adjustment of 411,000 barrels a

The Lagos High Court sitting at the Tafawa Balewa Square has convicted and sentenced to death a Bus Rapid Transit (BRT) driver, Andrew Ominikoron, for the murder of a 22-year-old fashion designer, Bamise Ayanwola. In a judgment that lasted over two and

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Monday chaired a high-level meeting with partners under the Highway Development and Management Initiative (HDMI), reinforcing the Federal Government’s commitment to unlocking infrastructure investment through long-term private concessions. The

The Federal Government on Wednesday met with Interswitch to discuss pertinent moves regarding the country’s infrastructure and economic reforms. This was revealed in a statement released by Minister of Finance and Coordinating Minister of the Economy, Wale Edun, after the meeting. Edun

The Bauchi State Governor, Bala Mohammed, has approved the appointment of 168 new aides across various positions. The appointments were announced Tuesday, and they include; Principal Special Assistants on Political Community Relations: 5 appointees, Principal Special Assistant on Pension Matters: one appointee,

The Nigeria Police Force (NPF) has reactivated the issuance of Tinted Glass Permits (TGP) nationwide through a “secure and user-friendly” platform. Forces spokesman, Muyiwa Adejobi, disclosed this in a statement on Wednesday, saying the permit is available at possap.gov.ng. He said the

The Nigerian National Petroleum Company Limited (NNPCL) is facing growing backlash from energy sector stakeholders following the shutdown of the Warri Refining and Petrochemical Company (WRPC) barely a month after it was declared operational—despite a staggering $897.6 million spent on its revitalization.

A former Senate President, Bukola Saraki, has expressed shock over the defection of the Peoples Democratic Party’s (PDP) vice-presidential candidate in 2023 and former governor of Delta State, Ifeanyi Okowa to the ruling All Progressives Congress (APC). PDP’s presidential candidate and former

Valentine Ozigbo, a leading aspirant for the All Progressives Congress (APC) ticket in Anambra State has filed a lawsuit seeking the nullification of the party’s April 5, 2025 governorship primary. The suit was lodged at the Federal High Court in Awka on

In recent times, there has been deliberate and well-planned orchestration of falsehood against the Vice President’s person and office in many multidimensional forms. These mischievous and totally fabricated reports are all in a bid to cause confusion and insinuate total clash in

President Bola Ahmed Tinubu inaugurated a high-level committee on the forthcoming national population and housing census on Wednesday. The committee will submit an interim report within three weeks. The President said the census is crucial for national development, accurate planning, and effective

The Organization of the Petroleum Exporting Countries on Monday slightly cut its forecast for oil demand growth, citing the impact of US tariffs on the world economy. In its Monthly Oil Market Report (MOMR) for April, the Secretariat now sees demand grow