News - Page 107

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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

NMDPRA Refutes Stopping Gas Supply To GenCos

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has denied issuing any directive to stop gas supply to power-generating companies (GenCos). In a statement issued on Wednesday, the authority also refuted claims that it instructed wholesale gas suppliers to cease further

December 14, 2024

Access Bank Expands European Operations with Malta Subsidiary to Boost Africa-Europe Trade

Access Holdings Plc has announced that its banking subsidiary, Access Bank UK Limited, has launched The Access Bank Malta Limited, a fully owned subsidiary based in Malta, marking a significant step in enhancing trade connectivity between Europe and Africa. The new entity

December 14, 2024

FG, BOI Invest N23bn in 29 Companies to Strengthen Manufacturing Sector

The Bank of Industry (BOI) has announced the disbursement of N22.89 billion to 29 manufacturers as part of the Federal Government’s N75 billion Manufacturing Sector Intervention Fund. Olasupo Olusi, the managing director of BOI, made this announcement during an interactive session with

December 14, 2024

Court Grants Bail to Former Kogi Governor Yahaya Bello in ₦500 Million Fraud Case

The Federal High Court in Abuja has granted bail to Yahaya Bello, the immediate past Governor of Kogi State, who is facing charges of alleged ₦80 billion fraud. Justice Emeka Nwite, presiding over the session on Friday, set the bail sum at

December 13, 2024

State Police: 36 State Governors Endorse Creation

The 36 state governors in Nigeria have unanimously agreed to establish state police as a strategic move to address the nation’s growing insecurity challenges. This was part of the resolutions of the National Economic Council (NEC) meeting presided over by Vice President

December 13, 2024

National Sports Commission Leadership Meets President Bola Ahmed Tinubu in Aso Villa

PRESS STATEMENT Delivers progress report to the President, as assignment to revamp Nigerian sports continues The leadership of the National Sports Commission (NSC), under the chairmanship of Mallam Shehu Dikko, and Director General, Hon. Bukola Olopade, have presented a progress report to

December 13, 2024

House of Reps to Probe Customs Over Alleged Smuggling, Brutality

By Saifullahi Muhammad The House of Representatives has launched an investigation into the Nigeria Customs Service (NCS) over allegations of smuggling and misconduct involving its officers. The decision was made during Wednesday’s plenary session, following a motion of urgent public importance raised

December 12, 2024

NBA cautions Magistrates against Remand orders

The Nigerian Bar Association (NBA) Wednesday urged magistrates to strictly adhere to the law while giving remand orders, cautioning them against carrying out such actions in the absence of properly filed charges. The body further called on chief judges across the country

December 12, 2024

Dangote Refinery Exports First Petrol to Cameroon in Historic Deal

The Dangote Petroleum Refinery has achieved a major milestone with the export of its first-ever shipment of Premium Motor Spirit (PMS), popularly known as petrol, to Cameroon. This historic transaction was executed through a strategic partnership with Neptune Oil, a leading Cameroonian

December 12, 2024

Court Orders Police and DSS To Seize Farotimi’s Book

Justice Peter Kekemeke of the Federal High Court in Abuja on Wednesday directed security agencies to seize copies of the book by Dele Farotimi, “Nigeria and Its Criminal Justice System”. The ruling follows an ex parte application filed by Kehinde Ogunwumiju, SAN,

December 11, 2024

Niger Delta University Strike: Education in Limbo as Crisis Persists

By Saifullahi Muhammad The Niger Delta University (NDU) in Bayelsa State has been paralyzed for four weeks as the Academic Staff Union of Universities (ASUU-NDU chapter) strike persists. The industrial action, sparked by unpaid salaries, poor working conditions, and unfulfilled agreements with

December 11, 2024

Breaking: National Grid Collapses For the 12th Time In One Year

The Nigerian national grid has reportedly collapsed for the 12th time in 2024, plunging several parts of the country into darkness. The incessant collapse is drawing critical concerns from the public about the instability of Nigeria’s power infrastructure. As at 3:00pm today,

December 11, 2024

Nairametrics to launch NMX 100 Index – Top 100 Nigerian companies by Revenue in January 2025

Nairametrics, Nigeria’s leading financial media platform, is proud to announce the upcoming launch of its Nairametrics Top 100 Companies Index—a definitive ranking of Nigeria’s largest and most impactful companies. Inspired by global benchmarks such as the Fortune 500, the Index will spotlight

December 11, 2024

Peter Obi Demands Tough Sanctions for Corrupt Leaders

Politician and former governor of Anambra State, Peter Obi has insisted that Nigerian leaders found guilty of corrupt practices must face tough sanctions, impressing the need for an end to economic wastage in the country. Obi insisted in a statement on Tuesday

December 11, 2024

NCAA Threatens To Sanction Airlines Over Delayed Ticket Refunds

The Nigerian Civil Aviation Authority (NCAA) says it will sanction airlines who delay ticket refunds. According to the NCAA’s Director of Public Affairs and Consumer Protection, Michael Achimugu ticket refund compliance is a crucial part of the agency’s consumer protection plan. Achimugu

December 11, 2024

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