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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 dismissed concerns raised by former Vice President Atiku Abubakar regarding the Federal Government’s alleged plans to divest significant stakes in key oil and gas Joint Ventures (JVs), assuring Nigerians that energy security will not be compromised. Atiku, in a detailed statement on Monday, criticised what he described…
A damning United Nations report has revealed that South Sudanese government officials have embezzled billions of dollars in oil revenues since the country gained independence in 2011, deepening poverty and fueling ongoing conflict in one of the world’s poorest nations. According to the report by the UN Commission on Human…
The Joint Action Committee (JAC) of the Non-Academic Staff Union of Educational and Associated Institutions (NASU) and the Senior Staff Association of Nigerian Universities (SSANU) has issued a seven-day strike ultimatum to the Federal Government, demanding urgent action on a series of unresolved issues affecting their members. The notice, which…
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…
Vice President Kashim Shettima has emphasized that revitalizing Nigeria’s railway sector is essential for the country to maintain its strategic position as the logistics hub of Africa. Speaking at the Second International Railway Conference in Abuja on Monday, the Vice President called for urgent investment, innovation, and collaboration to unlock…
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)…
Nigeria’s Tobi Amusan has added another prestigious medal to her collection, winning silver in the women’s 100m hurdles final at the Tokyo 2025 World Athletics Championships, solidifying her status as one of the world’s top hurdlers. Amusan finished in second place with a remarkable time of 12.29 seconds, just behind…
The Nigerian Meteorological Agency (NiMet) has forecasted thunderstorms and moderate rainfall across several parts of the country for Monday, September 15, 2025, with a flood alert issued for some northern states. According to the agency’s daily weather outlook shared via its official X handle, residents in the northern region should…
