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News Update

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

Ebonyi Governor Approves ₦150,000 Christmas Bonus for Civil Servants

Ebonyi State Governor, Francis Ogbonna Nwifuru, has announced a Christmas bonus of ₦150,000 for each civil servant in the state as part of efforts to ease the financial burden of the festive season. The announcement was made on Thursday, December 12, 2024,

December 15, 2024

ASUP Ends Two-Week Strike, Directs Members to Resume Work

The Academic Staff Union of Polytechnics (ASUP) has called off its two-week warning strike and directed its members nationwide to resume work on Monday, December 16, 2024. The industrial action, which began on December 2, 2024, was initiated to pressure the federal

December 15, 2024

Ex-Kogi Deputy Speaker Enema Paul Dies In Abuja

The immediate-past Deputy Speaker of the Kogi State House of Assembly, Enema Paul, is dead. Before his death, Paul, a second termer to the Assembly, was the member representing Okura State Constituency in the current 8th Assembly in the state. Paul stepped

December 15, 2024

INEC Chairman Mahmood Yakubu Not Dead, Confirms Electoral Commission

The Independent National Electoral Commission (INEC) has officially confirmed that its Chairman, Mahmood Yakubu, is alive and well, dispelling recent rumors about his death A statement by the Chief Press Secretary to the INEC Chairman, Rotimi Oyekanmi on Saturday said Yakubu is

December 15, 2024

FBI Extradites Abiola Kayode from Ghana to US Amid $6M Cyber Fraud Allegations

The United States Attorney, Susan Lehr has announced the extradition of Abiola Kayode, 37, from Ghana to the District of Nebraska, United States over an alleged $6m cyber fraud indictment. According to the statement by the United States Attorney’s Office, District of

December 15, 2024

Rate Cuts Fail to Ignite European Stock Market Activity

Europe’s main stock markets were little changed Thursday despite interest rate cuts by the eurozone and Swiss central banks as policymakers warned of economic and political woes in the region and beyond. Wall Street shares were mixed at the open, with the

December 15, 2024

Access Bank Secures Deal to Acquire Full Ownership of Biden Bank

Access Bank Plc has entered into a binding agreement with South African-based Bidest Group Limited for the acquisition of a 100 per cent equity stake in Bidvest Bank. A statement by the Head of Media Relations, Access Holdings Plc, Olakunle Aderinokun on

December 15, 2024

US Embassy Issues New Directive For Nigerian Visa Applicants

The United States Embassy in Nigeria has announced updates to its immigration visa process, effective January 1, 2025. Applicants with scheduled interviews will now need to visit the Consulate General in Lagos twice as part of the application procedure. The embassy shared

December 15, 2024

Retirees to Receive Timely Payments as PenCom Targets N22tn in Assets Before January

The National Pension Commission has said it is working with the Federal Government to institutionalise a sustainable solution, ensuring retirees receive their benefits promptly and without undue stress. Omolola Oloworaran, the Director General, National Pension Commission said at a media conference in

December 14, 2024

Alleged ₦80bn Fraud: Court Grants Yahaya Bello ₦500m Bail

The Federal High Court in Abuja has granted bail to the immediate past Governor of Kogi State, Yahaya Bello to the tune of ₦500 million. Justice Emeka Nwite who presided over the court session on Friday ordered that the former governor must

December 14, 2024

2027 Elections: INEC Plans PVC Review for Sole Use in Voter Accreditation

The Independent National Electoral Commission (INEC) proposed a review of the Permanent Voters Cards (PVCs) as the only means of accrediting eligible voters for the 2027 general elections. INEC also seeks reforms to improve the country’s electoral system, following lessons learnt from

December 14, 2024

BREAKING: Tinubu To Present 2025 Budget Tuesday

Senate President Godswill Akpabio during Thursday’s plenary session announced that President Bola Ahmed Tinubu will present the 2025 budget on Tuesday of next week. Akpabio announced that the budget presentation will take place in the House of Representatives’ chamber. The presentation is

December 14, 2024

ECOWAS Ministers Meet In Abuja Over Trade, Security

The Council of Ministers of the Economic Community of West African States (ECOWAS) on Thursday held its 93rd ordinary session at the ECOWAS Commission headquarters in Abuja. The session chaired by the Minister of Foreign Affairs, Ambassador Yusuf Tuggar will focus on

December 14, 2024

Akpabio Declares Okpebholo’s Seat Vacant, Directs INEC To Conduct Election

Senate President, Godswill Akpabio, on Wednesday declared the seat of Senator Monday Okpebholo, representing Edo Central Senatorial district, vacant. This comes as Senator Okpebholo bids farewell to the 10th Senate, following his election as Governor of Edo State. Akpabio also asked the

December 14, 2024

Lawmakers Investigate Customs Amid Smuggling Claims

The House of Representatives has resolved to investigate alleged smuggling activities by personnel of the Nigeria Customs Service (NCS). The House took the decision at a plenary session on Wednesday following the adoption of a motion of urgent public importance sponsored by

December 14, 2024

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