News Update - Page 18

tay up to date with breaking news, trending stories, and real-time updates from Nigeria and around the world. The News Update section of The Beacon NG delivers fast, factual, and verified headlines on politics, economy, society, health, security, and global affairs.

Whether it’s a developing story or an urgent national issue, we bring you accurate updates as events unfold — keeping you informed and ahead.

News Update·Economy·News

Nigeria’s Inflation Rate Drops To 22.22% In June 2025

Nigeria’s inflation rate eased to 22.22% in June 2025, down from 22.97% recorded in May, according to the latest Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS). This represents a 0.75 percentage point drop on a year-on-year basis

July 17, 2025

FG Yet to Commence Direct Funding to LGAs – ALGON

The Association of Local Governments of Nigeria (ALGON) has affirmed that the Federal Government is yet to begin direct allocation of funds to Local Government Areas (LGAs) across the country —attributing the delay to ongoing procedural and legal requirements. Hon. Odunayo Alegbere,

March 21, 2025

Supreme Court Affirms Anyanwu as PDP National Secretary

The Supreme Court of Nigeria has declared Senator Samuel Anyanwu as the legitimate National Secretary of the Peoples Democratic Party (PDP) effectively ending a protracted leadership tussle with Sunday Ude-Okoye. The crisis had fractured party ranks, with Ude-Okoye enjoying support from various

March 21, 2025

Court Rejects EFCC’s Additional Evidence Against Emefiele

Justice Hamza Muazu of the Federal Capital Territory High Court Abuja has rejected the additional proof of evidence brought by the Economic and Financial Crimes Commission (EFCC) against a former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in the

March 21, 2025

Ancelotti Vows Real Madrid Will Not Play Again Without 72-Hour Rest

Real Madrid manager Carlo Ancelotti has announced that his team will not take to the pitch again without at least 72 hours of rest between matches. This came after Los Blancos secured a hard-fought 2-1 victory against Villarreal on Saturday, just three

March 16, 2025

Oil Prices Fall Amid U.S Import Tariffs, Rising OPEC Production

Oil prices fell on Monday over the impact of U.S. import tariffs on global economic growth and fuel demand, as well as rising output from OPEC+ producers. Brent crude fell 6 cents to $70.30 a barrel by 0720 GMT after settling up

March 10, 2025

PDP Condemns Senator Natasha’s Suspension, Accuses Akpabio Of Cover-Up

The People’s Democratic Party (PDP) has condemned in very strong terms the suspension of Senator Natasha Akpoti-Uduaghan from the Senate over her allegation of sexual harassment against the Senate President, Senator Godswill Akpabio. Channels Television reports that the Senate on Thursday suspended

March 9, 2025

Tinubu’s Foreign Engagements Secure $50.8bn Investment Commitments – Minister

President Bola Ahmed Tinubu’s international engagements have yielded proposed investments totaling $50.8 billion, according to the Minister of Industry, Trade, and Investment, Jumoke Oduwole. She made this disclosure on Tuesday during the ministerial press briefing organized by the Ministry of Information and

March 5, 2025

76ers Stun Warriors as Grimes Drops Career-High 44

Quentin Grimes erupted for a career-best 44 points as the Philadelphia 76ers stunned the Golden State Warriors 126-119 on Saturday, snapping their nine-game losing streak just a day after confirming superstar Joel Embiid would miss the rest of the season. The Sixers

by Olatunji Olajide

March 2, 2025

NAFDAC Blacklists Indian Firm For Importing Hard Drugs

The National Agency for Food and Drug Administration and Control has blacklisted an Indian firm, Aveo Pharmaceuticals Pvt Limited, over alleged production and importation of dangerous opioid combinations into West Africa, including Nigeria. In a statement signed by its Director General, Prof.

March 1, 2025

EFCC Chairman Olukoyede Reveals He Rejected N500m in Gifts During Mother’s Burial

The Chairman of the Economic and Financial Crimes Commission (EFCC), Olanipekun Olukoyede, has disclosed that he turned down gifts amounting to nearly N500 million from various high-ranking officials during his mother’s burial in 2019. The revelation was made during the 38th Anti-Corruption

February 28, 2025

Impeached Speaker Obasa Storms Lagos Assembly with Security Operatives, Despite Recess

The impeached Speaker of the Lagos State House of Assembly, Mudashiru Obasa, returned to the assembly complex on Thursday, accompanied by a heavy security detail. His arrival came shortly after security personnel assigned to the House of Assembly were withdrawn. There have

February 27, 2025

Nnamdi Kanu Reports Abuja Chief Judge To CJN Over Case Transfer

The detained leader of the proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu, has petitioned the Chief Justice of Nigeria (CJN), Justice Kudirat Kekere-Ekun, urging her to direct the Chief Judge of the Federal High Court, Justice John Tsoho, to reassign his

February 27, 2025

Empoli Stun Juventus on Penalties to Reach Coppa Italia Semi-Finals

Empoli secured a place in the Coppa Italia semi-finals with a 4-2 penalty shootout win over Juventus on Wednesday after holding the defending champions to a 1-1 draw in regular time. Dusan Vlahovic fired Juve’s first penalty over the bar before Empoli

by Olatunji Olajide

February 27, 2025

Afenifere Backs Kalu’s Call for Abiola’s Posthumous Recognition as President

The Pan-Yoruba socio-political group, Afenifere, has endorsed Senator Orji Uzor Kalu’s demand for the posthumous recognition of Chief Moshood Kashimawo Olawale Abiola as a former President of Nigeria. This renewed advocacy comes in response to former military president, General Ibrahim Badamosi Babangida’s

February 26, 2025

2027 Polls: Tinubu Must Be Re-Elected By ‘The Power Of God’ – Umahi

The Minister of Works, Dave Umahi, on Sunday, expressed confidence that President Bola Tinubu would complete eight years as Nigeria’s leader. Speaking at a stakeholders meeting on the Lagos-Calabar Coastal Highway Phase 1 at the Eko Hotel in Lagos, the minister said

February 24, 2025

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