Brasilia, Brazil — President Bola Tinubu has landed in Brasilia for a two-day State Visit, responding to an invitation from Brazilian President Luiz Inácio Lula da Silva. The visit aims to deepen Nigeria’s economic and political connections with Latin America’s largest economy and is expected to generate multi-billion dollar investments spanning agriculture, energy, and technology…
Lagos, Nigeria — Dangote Petroleum Refinery, along with Aiteo and AA Rano, has increased the depot price of Premium Motor Spirit (PMS), commonly known as petrol, from ₦821 to ₦823 per litre, in response to the rise in crude oil prices to $67 per barrel from $65 per barrel in the international market. The trio…
Lagos, Nigeria — Aliko Dangote has once more secured his position as Africa’s wealthiest individual, topping Forbes’ Real-Time Billionaires List with an estimated net worth of $24.4 billion, ranking 88th globally. The ranking, released on Saturday, highlights Dangote’s unmatched supremacy in Africa’s wealth hierarchy, far surpassing his fellow Nigerian billionaires. Following him are Abdulsamad Rabiu…
Lagos, Nigeria — Increasingly, Nigerians are seeking legitimate ways to earn in US Dollars as the value of the naira continues to decline, making traditional income sources less sustainable. Experts point to domain flipping as a viable solution for those hoping to tap into the global digital economy without leaving the country or engaging in…
Sydney, Australia — Google has agreed to pay a fine of 55 million Australian dollars (US$36 million) after admitting to anticompetitive agreements with the country’s two largest telecommunications firms, the Australian Competition and Consumer Commission (ACCC) confirmed on Monday. According to the regulator, Google’s Asia Pacific division, based in Singapore, signed contracts with Telstra and…
Abuja, Nigeria — The National Bureau of Statistics (NBS) has reported a significant 84.6 percent year-on-year increase in Value Added Tax (VAT) revenue, which rose to N6.72 trillion in 2024 from N3.64 trillion in 2023. Quarter-on-quarter data from the NBS VAT report reveals steady growth throughout 2024. VAT collections grew by 9.09 percent from N1.43…
Lagos, Nigeria — In a landmark move to redefine its corporate identity and market positioning, 9mobile has officially rebranded to “T2,” signalling the start of a new era for the telecommunications giant. The announcement was made on Friday during a high-profile relaunch event in Lagos, attended by Obafemi Banigbe, Chief Executive Officer of T2; Dr….
Washington, D.C.— The United States Department of Agriculture (USDA) has taken decisive action to strengthen national security by terminating approximately 70 foreign researchers, most of whom were Chinese nationals. The move follows a sweeping national security review initiated to protect the integrity of the country’s agricultural sector from potential threats linked to nations such as China,…
Asaba, Nigeria— The Delta State Civil Service Commission has directed the immediate retirement of over 200 civil servants found to have falsified their ages to prolong their tenure in public service. This decisive action was announced by Chief Roseline Amioku, Chairman of the Delta State Civil Service Commission and head of the ongoing state screening…
Abuja, Nigeria — The House of Representatives Committee on Maritime Safety, Education, and Administration has sanctioned a ₦774.77 billion budget for the Nigerian Maritime Administration and Safety Agency (NIMASA) for the 2025 fiscal year. This decision emerged during a budget defence session in Abuja, where Committee Chairperson, Hon. Khadija Abba-Ibrahim, confirmed the figures following an…
Abuja, Nigeria — The Corporate Affairs Commission (CAC) has launched an Artificial Intelligence (AI)-powered registration portal as part of its bold drive to revolutionize business registration processes in Nigeria. The announcement was made by the Registrar-General and Chief Executive Officer of CAC, Mr. Hussaini Ishaq Magaji, during the Commission’s 2025 stakeholders’ forum. According to Magaji,…
Washington, D.C., USA — The International Monetary Fund (IMF) has called on the Federal Government of Nigeria to revise its 2025 budget of N54.99 trillion in response to lower-than-expected global oil prices. This recommendation was detailed in the IMF’s Article IV Consultation Report on Nigeria, released yesterday in Washington, D.C. The IMF projects Nigeria’s economy…
Lagos, Nigeria— Guaranty Trust Bank Ltd. has announced a temporary adjustment to its branch operating hours nationwide to facilitate its mid-year audit process. The notification was issued to customers on Saturday, June 28, via email, detailing the bank’s plan to close all branches earlier than usual on Monday, June 30, 2025. In its official communication,…
Abuja, Nigeria—The Peoples Democratic Party (PDP) has called on President Bola Tinubu to urgently review and reverse economic policies burdening Nigerians, particularly high fuel prices, electricity tariffs, and charges on essential services. In a statement issued Friday by its National Publicity Secretary, Debo Ologunagba, the PDP urged the government to use the Eid-el-Kabir season to…
Lagos, Nigeria — Africa’s largest oil refinery, the Dangote Refinery, is now fully capable of meeting the fuel needs of Nigeria and the wider West African region, according to its founder and industrialist, Aliko Dangote. He made the declaration during a high-level visit by ECOWAS Commission President, Dr. Omar Alieu Touray, to the world-class facility…
Abuja, Nigeria — Former Nigerian President Muhammadu Buhari has commended Dr. Akinwumi Adesina for what he described as an exceptional and historic tenure at the African Development Bank (AfDB), marking the end of Adesina’s two-term leadership of the continental financial institution. In a message of goodwill, Buhari expressed satisfaction with Adesina’s achievements, praising his transformative…
Abuja, Nigeria— The World Bank has raised concerns over the Nigerian National Petroleum Company Limited’s (NNPCL) partial remittance of revenue gains following the removal of the Premium Motor Spirit (PMS) subsidy. This observation was detailed in the World Bank’s latest Nigeria Development Update (NDU), released in May 2025. The report indicates that despite the official…
Washington, D.C. — In a swift escalation of trade measures, U.S. President Donald Trump has raised tariffs on Chinese imports to an unprecedented 145%, intensifying the ongoing trade war between the two economic superpowers. This development comes barely a day after the president declared plans to increase the levy to 125%, following an earlier 20%…
Abuja, Nigeria — The recent announcement of the newly constituted board of the Nigerian National Petroleum Company Limited (NNPCL) by President Bola Ahmed Tinubu has drawn sharp criticism from the Women in Energy Network (WIEN) over glaring gender imbalance. In a statement issued on Friday, WIEN President Eyono Fatai-Williams praised the president’s reorganisation of the…
Onitsha, Nigeria — The Federal Government has introduced a specialized workforce development initiative aimed at strengthening Nigeria’s industrial sector, particularly in metallurgy and steel production. Speaking at the inauguration of a Boot Camp Training Programme at the Metallurgical Training Institute (MTI), Onitsha, Dr. Chris Isokpunwu, Permanent Secretary of the Federal Ministry of Steel Development, underscored…
Lagos, Nigeria — Dangote Petroleum Refinery and Petrochemicals has implemented another price reduction on petrol, marking the second adjustment within a month. In a statement released Wednesday in Lagos, the company’s Head of Media Communications, Anthony Echiejina, announced a ₦65 per litre cut, lowering the ex-depot price from ₦890 to ₦825 per litre. This follows…
Abuja, Nigeria — The Nigerian government is set to acquire six new World Bank loans amounting to $2.23 billion in 2025, reinforcing its commitment to economic development and social welfare. This move will bring the country’s total approved World Bank loans to $9.25 billion over three years, with funding channeled into critical sectors such as…
Lagos, Nigeria — The Exponential Conference 2025, a premier gathering of global ministry and marketplace leaders, is set to inspire transformative leadership with its dynamic lineup of speakers. The organizers confirmed the participation of former Vice President Prof. Yemi Osinbajo, alongside other distinguished figures, in the highly anticipated event scheduled to take place in Lagos…
Abuja, Nigeria — The Dangote Petroleum Refinery has assured Nigerians of an adequate fuel supply, emphasizing its ability to meet both local and international demand. This assurance was given by the President of the Dangote Group, Alhaji Aliko Dangote, during a facility tour of the $20 billion refinery in Lekki, Lagos State, alongside Zambia’s Minister…
Lagos, Nigeria — Stakeholders in Nigeria’s Free Trade Zones have voiced concerns over aspects of the 2024 Tax Bill, particularly proposals that could alter key fiscal incentives for the Special Economic Zones (SEZs). These concerns were highlighted in a communiqué issued at the 3rd Special Economic Zones Annual Meeting, organized by the Nigeria Economic Zones…
Ibadan, Nigeria — Minister of Education, Dr. Marufu Alausa, has emphasized that skill acquisition is now more critical than ever in driving economic growth and social development, urging greater investment in technical and vocational training. Speaking at the closing ceremony of the Technical Teachers and Instructors Training Workshop in Ibadan, the minister stressed the importance…
Abuja, Nigeria — The Federal Government of Nigeria has called on China to ease trade restrictions and strengthen economic collaboration to drive industrialization and diversification. This appeal was made by Ambassador Bianca Odumegwu-Ojukwu, Minister of State for Foreign Affairs, during a meeting with the Chinese Ambassador to Nigeria, Yu Dunhai, in Abuja. Highlighting over five…
Abuja, Nigeria — The House of Representatives Committee on Public Accounts has opened an investigation into outstanding debts owed to the Federation Account by the Nigerian National Petroleum Company Limited (NNPCL) and several oil firms. The probe was initiated following concerns raised by the Office of the Auditor General for the Federation, highlighting unresolved financial…
Kano, Nigeria — The Singer Market Development Association (SIMDA) has appealed to the Federal Government to provide enhanced support for farmers, particularly through the provision of improved seeds, to strengthen food security in Nigeria. The appeal was made by SIMDA Chairman, Junaidu Zakari Mohammed, during a media briefing in Kano, where he emphasized the critical…
Abuja, Nigeria — The Nigerian National Petroleum Company (NNPC) Ltd dismisses allegations in a viral video questioning the quality of its fuel. In a statement issued today by NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, the company described the claims as baseless, emphasizing that its fuel is produced to meet the highest industry standards. Soneye…
Lagos, Nigeria — MTN Nigeria has significantly raised its Pulse call bundle rates, following regulatory approval for industry-wide tariff adjustments. The telecom giant announced the increase in a message to Pulse subscribers, confirming a sharp rise in call charges from N7.8 per minute (13 kobo per second) to N13.8 per minute (23 kobo per second)…
