News as it breaks
The Federal Republic of Nigeria and the Republic of Namibia have reaffirmed their commitment to strengthening bilateral ties for mutual benefit, during a high-level engagement on the sidelines of the ongoing 80th United Nations General Assembly (UNGA 80) in New York. The renewed diplomatic momentum came as Namibia’s President, Netumbo…
Leading oil sector unions, PENGASSAN and NUPENG, have jointly condemned an alleged plan by the Federal Government to sell off a portion of its stakes in Joint Venture (JV) oil assets managed by the Nigerian National Petroleum Company Limited (NNPCL) and international oil companies. The unions warned that the move,…
In a major fiscal breakthrough, Nigeria’s monthly revenue collection has surged by over 411%, rising from N711 billion in May 2023 to N3.64 trillion as of August 2025, according to the Chairman of the newly renamed Nigerian Revenue Service (NRS), Zacch Adedeji. The sharp rise reflects the impact of comprehensive…
Governor Siminalayi Fubara has reaffirmed his administration’s commitment to revamping and fully utilizing the seaports in Rivers State, vowing to partner with the Nigerian Ports Authority (NPA) to boost economic activity, create jobs, and enhance regional development. The governor made this pledge in Port Harcourt on Monday during a courtesy…
he Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) by 50 basis points, bringing it down from 27.5% to 27%, in a strategic move to support Nigeria’s sustained economic recovery and disinflation trajectory. This decision was announced following the conclusion of the 302nd meeting of the…
President Bola Ahmed Tinubu has called for a comprehensive restructuring of the global financial system as it relates to Africa’s mineral resources, urging African nations to take full control of financing and managing their critical minerals sector. Speaking through Vice President Kashim Shettima at the Second Africa Minerals Strategy Group…
Nigeria’s economy continued its recovery trajectory in the second quarter of 2025, recording a 4.23% year-on-year growth in Gross Domestic Product (GDP), according to new data released by the National Bureau of Statistics (NBS). This marks a significant improvement from the 3.48% GDP growth recorded in Q2 2024, indicating stronger…
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reiterated the Bank’s stance against the abuse of the naira, warning Nigerians to desist from spraying, hawking, mutilating, or counterfeiting the national currency. Cardoso issued the warning on Thursday at the CBN Fair in Kaduna, where he was…
The Secretary to the Government of the Federation (SGF), Senator George Akume, has called on the Pension Industry Leadership Council (PILC) to scale up Nigeria’s Micro Pension Plan, adopt digital innovations, and offer incentives to bring informal sector workers—including artisans, traders, and small business owners—into the national pension net. Speaking…
The Federal Government of Nigeria has disbursed a total of ₦330 billion in cash to poor and vulnerable Nigerians as part of its renewed Social Investment Programme, aimed at cushioning the impact of rising living costs and ongoing economic reforms. The announcement was made by the Minister of Finance and…
