The 2023 governorship candidate of the Labour Party (LP) in Enugu State, Chijioke Edeoga, has returned to the People’s Democratic Party (PDP). Edeoga had met with the leadership of Enugu State PDP behind closed doors on January 31, fueling speculations…
President Bola Tinubu has approved an extension of Mrs. Kemi Nanna Nandap’s tenure as the Comptroller-General of the Nigeria Immigration Service (NIS) through December 31, 2026. This was contained in a statement released by the Special Adviser to the President…
Filling stations in Lagos, Nigeria’s commercial capital city, have increased the price of a litre of petrol from ₦860 to ₦930, making consumers pay at least ₦70 more than what it used to cost them to buy a litre of…
Oil revenue rose by 53.59 per cent to ₦2 trillion relative to the level in the third quarter of 2024, occasioned by higher receipts from oil revenue. The Central Bank of Nigeria’s 2024 fourth quarter economic report, however, said the…
The Federal Government on Monday announced the closure of the Independence Bridge (Marina bound) starting April 1 for essential maintenance and rehabilitation works. The Federal Controller of Works, Lagos, Mrs Olukorede Kesha, made this known in a statement in…
The Nigerian electricity sector slowed in the fourth quarter of 2024 (Q4 2024), with the electricity production index declining by 1.64% year-on-year (y-o-y). Data from the Central Bank of Nigeria (CBN) says this marks a reversal from the 5.55% growth…
Mali, Burkina Faso and Niger have announced a new 0.5% levy on imported goods from Nigeria and other Economic Community of West African States (ECOWAS) member-nations. The development comes as they seek to fund a new three-state union after leaving…
Chinese smartphone maker giant Huawei said Monday that profits fell 28 percent last year as it faced international economic uncertainty and weak consumption at home. The Shenzhen-based company has been at the centre of an intense standoff between China and…
Nigeria’s gas production will likely remain flat in the second quarter of this year, the Society of Energy Editors (SEE) has projected in its Second Quarter 2025 Outlook for the Nigerian Energy Sector. Gas flaring penalties might tighten, forcing operators…
Wema Bank Plc’s audited financial statements for the year that ended on December 31, 2024, revealed that gross earnings jumped to N433.43 billion. The surge is premised by robust interest income and strategic asset expansion. Profit before tax soared by…
The Socio-Economic Rights and Accountability Project (SERAP) has urged Senate President Godswill Akpabio and House Speaker Tajudeen Abbas to retract a proposed bill that seeks to impose a six-month jail term or a ₦100,000 fine on eligible voters who refrain…
The Lagos State government has confirmed 10 cases of diphtheria following laboratory tests carried out on 76 samples between January 1 and March 27, 2025. Commissioner for Health, Prof. Akin Abayomi revealed that 36,310 individuals have been vaccinated as part…
In a landmark virtual briefing, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun presented a comprehensive update on Nigeria’s economic trajectory to selected members of the media, highlighting significant progress, key priorities, and strategic…
President Bola Ahmed Tinubu explained on Sunday in Abuja that his administration removed the Federal Capital Territory (FCT) from the Treasury Single Account (TSA) to expedite development and enhance resident participation in governance..The President, who received FCT residents at the…
The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to commence payments to depositors of the defunct Heritage Bank with balances exceeding the insured limit of N5 million. Following the Central Bank of Nigeria’s (CBN) revocation of Heritage Bank’s license…