UN Secretary-General António Guterres addressed the Fifth Committee in New York. He revealed that 145 member states have paid their 2025 dues fully. Nigeria joins 144 others in this group. Additionally, China completed its payment on October 29. Nigeria Sets an Example Nigeria paid its full dues on September 25. This action shows commitment to…
The Central Bank of Nigeria (CBN) confirmed that 16 banks have successfully met the recapitalisation requirements ahead of the March 31, 2026 deadline. Governor Olayemi Cardoso made the announcement after the 303rd Monetary Policy Committee (MPC) meeting in Abuja on Tuesday, November 25, 2025. The banks raised the required capital through share offers, bond issuances,…
The Cross River State Government today announced the approval of single-digit interest loans for 500 small and medium enterprises (SMEs) under a collaborative program with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and Sterling Bank. Screening and Selection Officials receive over 1,000 applications for the loans. They screen and select 500 candidates….
The Kano State Executive Council approved N54.7 billion to fund development projects across key sectors. The council aims to accelerate development and improve service delivery. Projects Target Infrastructure, Education, Health, and Security The Commissioner for Information and Internal Affairs, Ibrahim Abdullahi-Waiyya, told journalists that the council ratified submissions from Ministries, Departments, and Agencies totaling N54.8…
The Nigerian Stock Exchange (NSE) rallied strongly on Friday. Investors exchanged 1.826 billion shares valued at N20.03 billion across 20,645 deals. This marked a sharp increase from Thursday, when 324.6 million shares worth N13.05 billion were traded in 18,328 transactions. The surge shows renewed investor confidence and strong market activity. According to the News Agency…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reported that Nigeria petrol consumption averaged 56.74 million litres per day in October 2025. This figure reflects nationwide demand across fuel distribution channels. Domestic Production and Imports According to the NMDPRA’s fact sheet released on Friday, local refineries produced 17.08 million litres daily, while imports…
President Bola Tinubu, represented by Labour Minister Dr. Muhammad Dingyadi, inaugurated the Electric Tricycle Empowerment Initiative in Abuja. The program aims to reduce transport costs, lower pollution, and expand youth employment. Cleaner Mobility and Environmental Goals Tinubu explained that the initiative aligns with Nigeria’s national energy transition plan. Moreover, the electric tricycles are expected to…
The Lagos State Government will fully implement its Tourism Master Plan in 2026, aiming to diversify the economic landscape of Nigeria’s commercial hub. Additionally, Mr. Solomon Saanu, Chairman of the House Committee on Tourism and Culture, announced the initiative during a meeting with the Association of Nigerian Journalists and Writers of Tourism (ANJET) in Lagos….
Nigeria’s Value Added Tax (VAT) revenue reached ₦2.06 trillion in Q2 2025, according to the latest report from the National Bureau of Statistics (NBS). While this shows a marginal 0.03% quarter-on-quarter decline from Q1 2025, it represents a strong 32.15% year-on-year growth compared to Q2 2024. The numbers indicate sustained economic activity across key sectors….
The Economic and Financial Crimes Commission (EFCC) has raised concerns over Nigeria’s fintech and Point-of-Sale (POS) networks. Weak verification processes and poor oversight, they warn, create opportunities for criminal exploitation. At a resumed investigative session organized by the House Ad-hoc Committee on Cryptocurrency and POS Operations, Dein Whyte, EFCC Cybercrime Section Supervisor, explained the risks….
