News as it breaks
The Presidential Fertilizer Initiative (PFI) has unveiled a strategic new phase, PFI 3.0, aimed at ensuring a resilient and uninterrupted supply of fertilizer to Nigerian farmers in line with President Bola Tinubu’s food security and sovereignty agenda. According to Tajudeen Ahmed, Executive Director, Portfolio, the initiative is entering a critical…
The United Bank for Africa (UBA) has reassured the public of the safety of its staff and customers following a fire incident on Broad Street, Lagos Island, on Tuesday, which affected a building housing one of its branches. Toscad news reported that the incident triggered panic in the commercial hub…
In a major push to transform Nigeria’s food production landscape, the Federal Government has announced a new set of incentives aimed at attracting both local and foreign investment into the agricultural sector. The initiative is part of President Bola Tinubu’s Renewed Hope Agenda, which prioritizes food security, agricultural innovation, and…
The Federal Government has ordered the immediate suspension of the 4% Free On Board (FOB) levy on all imported goods, following widespread backlash from the business community and industry stakeholders. In a statement issued late Monday, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, directed the Nigeria…
The Presidency has assured Nigerians that the country’s inflation rate is on track to hit single digits, signaling what he described as improving economic conditions and relief in food prices. Speaking in a television interview on Tuesday, the Special Adviser to the Presidency on Economic Matters, Tope Fasua said the…
Nigeria’s headline inflation rate dropped to 20.12% in August 2025, marking a significant decline from the 21.88% recorded in July 2025, according to the latest data released by the National Bureau of Statistics (NBS). The report, published on Sunday, reflects a 1.76 percentage point decrease in the country’s inflation rate…
The Special Offences Division of the Lagos High Court in Ikeja has granted embattled former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, permission to conduct a forensic analysis of WhatsApp conversations and a mobile phone marked “iPhone 2” presented as evidence by the Economic and Financial Crimes Commission (EFCC)…
The Debt Management Office (DMO) has announced the successful allotment of the September 2025 Federal Government of Nigeria (FGN) Savings Bonds, raising a total of ₦3.05 billion across its two-year and three-year tenors. According to data released by the DMO over the weekend, the two-year FGN Savings Bond, due September…
The Federal Government is set to distribute 2,000 tractors and 9,000 implements to farmers nationwide as part of a broader strategy to boost dry season and year-round farming, according to the Minister of Agriculture and Food Security, Abubakar Kyari. Speaking during a television interview on Friday, Kyari emphasized that the…
The Court of Appeal sitting in Abuja has overturned a previous ruling by the Federal High Court in Port Harcourt, granting First Bank of Nigeria (FBN) a significant legal victory in its ongoing $225.8 million debt dispute with General Hydrocarbons Limited (GHL) over crude oil cargo aboard the FPSO Tamaru…
