IMF warned Nigeria against $500m domestic bond issuance… but it got oversubscribed – Wale Edun
Wale Edun, minister of finance and coordinating minister of the economy, says the $500 million domestic bond was oversubscribed despite warnings…
NGX RegCo suspends trading in Oando shares over ‘failure to submit’ financial results
NGX Regulation Limited (NGX RegCo), the regulatory arm of the Nigerian Exchange Group (NGX), has suspended trading in the…
APC, Ganduje Will Face Election Surprise in Ondo State – Makinde Declares
Governor Seyi Makinde of Oyo State has warned the All Progressives Congress (APC) and its national chairman, Abdullahi Ganduje, ahead of the November 16 governorship election…
NNPCL Begins $6 Billion Debt Repayment Process, FG Reveals
The Nigerian National Petroleum Company Limited (NNPCL) has officially commenced the process of settling its $6 billion debt, according to a statement made by Wale Edun, the Minister of Finance and Coordinating Minister for…
Why Tinubu Kept Matawalle in Cabinet Despite Banditry Claims – Presidency
The Presidency has explained why President Bola Tinubu retained Bello Matawalle as Minister of State for Defence amidst allegations of his involvement in sponsoring banditry in Zamfara State. This clarification followed…
Nigeria To Increase VAT To 15% On Luxury Goods, Exempt Tax On Essentials For Poor Citizens, Says…
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, announced at an investor meeting during the ongoing IMF/World Bank Annual Meetings in Washington, D.C., that the federal government is set to…
Tinubu Fired Ministers Based On Nigerians’ Scorecard – Onanuga
Bayo Onanuga, Special Adviser to President Bola Tinubu on Information and Strategy, has revealed that the sack of some ministers was based on Nigerians’ scorecard and empirical facts. He also relayed the role the…
BREAKING: Prof. Humphrey Nwosu, Who Oversaw Annulled June 12 Election, Dies
Professor Humphrey Nwosu, the chairman of the National Electoral Commission (NEC), now known as the Independent National Electoral Commission…
Femi Otedola donates N3.7bn to expand Augustine University’s engineering faculty
Femi Otedola has donated N3.7 billion towards the construction of phase 2 of the engineering faculty building at Augustine University in Epe Lagos. The entrepreneur, who is the chancellor of the catholic university,…
‘Ogun state again?’ — 7 things we learnt from Tinubu’s underwhelming cabinet reshuffle
President Bola Tinubu’s long-anticipated cabinet reshuffle finally happened on Wednesday. There were no earth-shaking changes — to the disappointment of many Nigerians. It still sent ripples across the political…
Nigerian Navy Arrests Suspect With Smoke Grenade Launchers, AK-47, Ammunition In Rivers Community
The Nigerian Navy has arrested a suspect found in possession of an array of weapons, including an AK-47 rifle, in Eleme-Ifoko Community, Degema…
Tinubu’s Gov’t Approves $618 Million Loan to Purchase Fighter Jets, Ammunitions Abroad
The federal government has approved a $618 million loan to purchase six Italian-made M-346 attack jets and ammunition for the Nigerian Air…
Nigerian Crossdresser Bobrisky Hospitalised Over ‘Breast Pain’ While In Police Custody
Controversial Nigerian crossdresser Okuneye Idris, popularly known as Bobrisky, has been hospitalized after reportedly complaining of severe "breast" pain…
U.S. and Nigeria launch cryptocurrency crime task force
The U.S. Department of Justice and the Nigerian government have announced the formation of a new Bilateral Liaison Group on Illicit Finance and Cryptocurrencies. Officials say the partnership aims to combat…
4 Policemen Gunned Down in Katsina State
Gunmen have killed four officers who were stationed in the ‘Yar Tsamiyar Jino area of Kankara local government.Aside from eliminating…
UK Prime Minister Dismisses Calls To Compensate Commonwealth Nations For Slave Trade
Sir Keir Starmer, the UK Prime Minister, is facing pressure to address Britain's role in the slave trade as he attends the Commonwealth Heads of Government Meeting (CHOGM) in…
Nigerian Youths Are Frustrated, Hungry, Unemployed, Angry –Obasanjo
Former President of Nigeria, Chief Olusegun Obasanjo has raised concerns about the burden faced by businesses people in Nigeria compared to…
North American tour: Peter Obi to address Nigerians in Houston, Los Angeles, Atlanta
Peter Obi, the Labour Party’s presidential candidate in the 2023 general elections, will conclude his North American Appreciation Tour on October 26, 2024. In a statement issued on Wednesday by Ibrahim Umar, a…
World Bank Attributes Nigeria’s Food Production Decline To FG’s Naira Policy, Insecurity
The World Bank has blamed the dip in Nigeria’s agricultural sector on the devaluation of the naira by President Bola Tinubu’s administration. This was stated in a recently released development update report on…
Group Opposes Proposed Lagos Assembly Bill To Amend Local Govt Administration, Calls For Autonomy
De Renaissance Patriots Foundation has expressed concerns over the Lagos State House of Assembly’s proposed Bill to amend the Lagos State Law on…
U.S. Justice Department Warns Elon Musk Over Potential Vote-buying Over $1 Million Voter Giveaway
The U.S. Department of Justice has issued a warning to Elon Musk’s political action committee, America PAC, regarding a $1 million giveaway aimed at registered voters in key swing states. The sweepstakes, which Musk has…
Canadian Woman Jailed For 11 Years In Nigeria For Importing Illicit Drug
A Federal High Court in Lagos has sentenced 41-year-old Canadian national Adrienne Munju to 11 years in prison for importing 74 parcels of Canadian Loud, a potent strain of synthetic cannabis, into Nigeria. The drug,…
Auto dealers abandon vehicle importation over high clearance cost, forex scarcity
Due to scarcity of foreign exchange (FX) hike in tariffs, increase in import duty and other related taxes, automobile dealers have lamented their…
Tinubu under pressure to retain CSO
A groundswell lobby has put President Bola Tinubu under pressure to retain Adegboyega Fasasi, the Chief Security Officer (CSO), against his…