‘It takes courage to remove fuel subsidy’ — Otti praises Tinubu, dismisses hardship
The governor argued that the reforms had significantly increased revenues available to the federal, state and local governments, enabling them to fund development projects and meet key obligations.
ECOWAS reaffirms plan to rollout ECO single currency in 2027
The Economic Community of West African States, ECOWAS, has reaffirmed its commitment to launching the long-awaited single regional currency, the ECO, in 2027. According to the regional body, this is a major step towards deeper economic integration, stronger regional trade and sustainable growth across West Africa. The decision was one of the major outcomes of […]
Nigeria losing millions in carbon credit earnings to foreign experts over talent gap — Expert warns
By Cynthia Alo Nigeria risks losing hundreds of millions of dollars in potential carbon credit earnings to foreign consultants and technical experts unless it urgently develops the skilled workforce needed to participate in the rapidly expanding global carbon market, a climate finance expert has warned. The warning comes at a time when carbon credits are […]
How structural neglect weakens Nigeria’s Cocoa earnings
…Nigerian farmers losing out in $284b global cocoa marketBy Cynthia Alo Nigeria’s inability to develop a strong agricultural value chain may be denying farmers the opportunity to benefit from Cocoa and Coffee exports leaving many producers earning a fraction of revenue from the global market. This concern was raised by the Global President of the […]
FG targets additional 300,000bpd oil production with 2026 bid round
•Offers 37 blocks to investors, targets 500m barrels reserve addition Why 13 blocks returned to basket, NUPRC By Udeme Akpan & Obas Esiedesa The Federal Government yesterday said the ongoing 2025 Licensing Round is expected to deliver an additional 300,000 barrels per day (bpd) of crude oil and condensate production within three years Speaking at the […]
M-East war: Almost 100 US troops injured in recent weeks — Pentagon
By Nkiruka Nnorom with agency report Nearly 100 US service members have been injured over the last two weeks of escalating strikes on Iran, the Pentagon has said. This is even as Tehran launched a wave of reprisals to the tenth consecutive night of attacks.President Donald Trump vowed to take care of the Houthi rebels […]
Abacha’s regime marked by brutal repression, rights abuses, says ex-DSS operative
Former Assistant Director of the Department of State Services, Dennis Amachree, has described the regime of late military Head of State, late Gen. Sani Abacha, as one of “extreme authoritarianism and brutal repression.” The retired intelligence officer added that Abacha’s regime was marked by widespread human rights violations and political persecution. Amachree made the remarks […]
Tinubu approves new army battalion for Kwara
By Demola Akinyemi, Ilorin President Bola Ahmed Tinubu has approved the establishment of a new Nigerian Army battalion in Omu-Aran, Irepodun Local Government Area of Kwara State, as part of efforts to strengthen security in the state. The development was disclosed in a statement issued by the Deputy Chief Press Secretary to the Kwara State […]
Nigeria can’t scale $1trn economy on shaky terrain of weak governance — Shettima
By Nkiruka Nnorom LAGOS—Vice President Kashim Shettima has said Nigeria cannot achieve its $1 trillion economy target on the shaky terrain of weak compliance, regulatory laxity and ethical ambivalence, declaring that only a bedrock of flawless corporate governance could sustain the nation’s economic ambition. Speaking at the 3rd National Corporate Governance Summit organised by the […]
CBN retains rate at 26.5%, cites Middle East tensions
•Says banks no longer need forbearance •External reserves sustains upward trend, hit $52.5bn By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 per cent. CBN Governor, Mr. Olayemi Cardoso, announced the decision yesterday after the 306th Monetary Policy Committee (MPC) meeting in Abuja. He […]
Naira appreciates to N1,409/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,409 per dollar in the parallel market from N1,416 per dollar on Monday. Similarly, the naira appreciated to N1,374.5 per dollar in the Nigerian Foreign Exchange Market, NFEM .Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to […]
