Nigeria’s Net Foreign Exchange Reserve (NFER) as of the end of 2024 stood at $23.11 billion, the highest level in over three years, reflecting a substantial improvement in the country’s external liquidity, reduced short-term obligations, and renewed investor confidence. A…
President Bola Tinubu on Wednesday, appointed Engineer Bashir Ojulari as the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited. As announced by the Special Adviser to the President (Information & Strategy), Bayo Onanuga, the president had…
President Bola Tinubu has signed the Investments and Securities Act (ISA) 2024 into law—officially categorizing cryptocurrencies and other virtual assets as securities. This landmark legislation repeals the 2007 Act and brings Virtual Asset Service Providers, Digital Asset Operators and Digital…
Suspended Senator representing Kogi Central, Natasha Akpoti-Uduaghan has accused Senate President Godswill Akpabio and former Kogi State Governor Yahaya Bello of plotting to assassinate her. She made the accusations during a homecoming rally on Tuesday in Okehi Local Government Area…
President Bola Ahmed Tinubu has appointed Ahmadu Musa Kida as the new board chairman of the Nigerian National Petroleum Company Limited (NNPCL) following the dissolution of its existing board. The decision, which also saw the removal of Group Chief Executive…
Kano State Governor, Abba Yusuf has called for the public parade of 14 suspects apprehended in connection with the lynching of 16 hunters in Edo State. During a condolence visit by his Edo counterpart – Governor Monday Okpebholo, in Kano,…
The Independent National Electoral Commission (INEC) may conduct a referendum within 90 days to ascertain the fate of suspended Senator Natasha Akpoti-Uduaghan who represents Kogi Central Senatorial District. This follows the submission of a recall petition by her constituents last…
President Bola Ahmed Tinubu has approved a sweeping reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman, Chief Pius Akinyelure and the group chief executive officer, Mallam Mele Kolo Kyari. President Tinubu removed all other board…
The Okehi Local Government Area of Kogi State has declared a curfew in the area following the state’s ban on all political rallies and gatherings. “The curfew, which is effective immediately, restricts movement and gatherings in certain areas,” the Executive…
A total of 117 million Nigerians have registered for the National Identity Number as of February 28, 2025. Data sourced from the NIMC enrollment dashboard, Lagos State is taking the lead with over 12.6 million registrants. Kano State followed with…
Bullion powered to a record high for a fourth straight session, hitting $3,148.88 per ounce. “On top of general risk aversion, investors are increasing allocation to gold with the Trump administration’s trade policy threatening the dollar’s special reserve status,” said…
Personnel of the Nigeria Security and Civil Defence Corps (NSCDC) have impounded a long-container truck loaded with 70,000 litres of stolen crude oil in Port Harcourt, Rivers State, in a major crackdown on oil theft. The truck, which had an…
African airlines recorded a 5.7% year-on-year decline in air cargo demand in February 2025, with capacity decreasing by 0.6% in the same period. Capacity, measured in available cargo tonne-kilometers (ACTK), dropped by 0.4%, although international operations saw a 1.1% increase.…
OpenAI on Monday says it raised $40 billion in a new funding round that valued the ChatGPT maker at $300 billion, the biggest capital-raising session ever for a startup. The infusion of cash comes in a partnership with Japanese investment…
The Republic of Congo is expected to more than double its natural gas production by 2027, according to an outlook by commodity company S&P Global Commodity Insights – technical partner of the Congo Energy & Investment Forum (CEIF). This production…