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By Bamidele Atoyebi A notable transformation is occurring in Nigeria’s financial and monetary systems. While access to U.S. dollars is increasing through official banking channels, the naira is paradoxically becoming less available. Though this situation may seem concerning, it could represent the onset of a more strategic and stabilizing economic environment. Reports from […]
The National Sugar Development Council (NSDC) is working to remove obstacles hindering local sugar production in Nigeria. According to Kamar Bakrin, Executive Secretary/CEO of the NSDC, the council is committed to supporting operators in the Backward Integration Programme (BIP). During a recent tripartite meeting with the Ministry of Industry, Trade and Investment and […]
The Federal Government yesterday pledged sweeping reforms to eliminate harassment at sea and elevate training standards across its maritime institutions. Speaking at the 2025 Seafarers Day celebration in Port Harcourt, Rivers State, Minister of Marine and Blue Economy, Adegboyega Oyetola underscored the government’s resolve to build a “harassment-free ship” culture under the theme […]
The Central Bank of Nigeria (CBN) has highlighted the country’s instant payment system as a model of excellence globally. According to ensure the country’s financial landscape is at the forefront of innovation and financial inclusion. According to Musa Jimoh, Director of Payments System Policy at the CBN, the country’s payment ecosystem has undergone significant […]
STATE HOUSE PRESS RELEASE President Bola Tinubu on Thursday signed into law the four new tax bills recently passed by the National Assembly, describing the new laws as pivotal to the success of the administration’s reforms and the country’s prosperity. The bills are the Nigeria Tax Bill (Ease of Doing Business), which […]
The Bola Ahmed Tinubu International Conference Centre in Abuja is in high demand, with bookings already filled until 2027. FCT Minister Nyesom Wike disclosed this information during the opening of the Kugbo Bus Terminal, highlighting the centre’s popularity. The conference centre’s inauguration on June 10, 2025, drew attention from various stakeholders, including government […]
Kashim Shettima, Nigeria’s Vice President, has touched down in Addis Ababa, Ethiopia, for a significant state visit at the invitation of Prime Minister Abiy Ahmed. Upon arrival, Shettima was warmly received by Ethiopia’s Foreign Affairs Minister, Gedion Timothewos, and other senior diplomats from both countries. During his visit, Shettima is set to play […]
The Minister of the Federal Capital Territory, Nyesom Wike, has categorically denied allegations that he allocated over 2,000 hectares of land in Abuja’s upscale districts of Maitama and Asokoro to one of his sons. The denial was made by Lere Olayinka, Senior Special Assistant to the Minister on Public Communications and Social Media. […]
The Nigerian Exchange Limited (NGX) experienced a remarkable upswing on Wednesday, recording a staggering N1.185 trillion gain in a single day, driven by robust investor interest in blue-chip stocks such as Oando Plc, Dangote Sugar Refinery Plc, and other key equities. The market capitalisation soared to N56.473 trillion from N55.288 trillion at the […]
The Minister of Youth, Ayodele Olawande, has shed light on the intellectual property clause in the Youth Confab 2025 guidelines, clarifying that its purpose is to enable public use and implementation of submitted proposals. The minister emphasized that contributors will retain moral authorship and be recognized for their work. According to Olawande, the […]
