Former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has filed an appeal challenging a court ruling that approved the final forfeiture of a massive 753-unit housing estate located in Lokogoma, Abuja, to the Nigerian government. The Economic and Financial Crimes Commission (EFCC) had obtained the order after linking the estate to alleged proceeds of…
The National Agency for Food and Drug Administration and Control (NAFDAC) has strongly denied recent allegations of ₦700,000 extortion made by popular social media influencer Very Dark Man (VDM). The agency described the claims as baseless, inciting, and potentially in violation of Nigeria’s Cybercrime Act. VDM, in a viral Instagram video, alleged that NAFDAC officials…
Africa’s richest man, Aliko Dangote, has revealed that Nigeria is set to earn up to $7 million daily from fertiliser exports within the next two years, making the Dangote Group a major player in Nigeria’s foreign exchange earnings. Dangote made the disclosure during a courtesy visit to Abubakar Dantsoho, the Managing Director of the Nigerian…
Nigeria’s solid minerals sector witnessed a major turnaround in 2024, attracting over $800 million in foreign and local investments, according to the Minister of Solid Minerals Development, Dr. Dele Alake. The minister attributed the investment surge to bold mining reforms introduced by the Tinubu administration, which emphasize in-country value addition, strict licensing rules, and a…
The Port Harcourt Refining Company (PHRC) is set to undergo a 30-day maintenance shutdown, sparking outrage among fuel marketers and host community stakeholders, Naija Blog Daily has learned. According to multiple reports, the refinery, which was recently revamped and resumed operations at 70% capacity, is facing internal strife as fuel retailers allege a sabotage plot…
In a move that could reignite a full-blown global trade war, former U.S. President Donald Trump has announced a massive 50% tariff threat against the European Union, setting off strong reactions from international leaders and rattling financial markets. Tariffs to Hit June 1, 2025? Taking to Truth Social, Trump said, “Negotiations with the EU are…
In a major relief for Nigerians, the Dangote Petroleum Refinery has once again reduced the pump price of Premium Motor Spirit (PMS), also known as petrol, across the country. The new price, announced on Thursday via the refinery’s official social media channels, now ranges from ₦875 to ₦905 per litre, reflecting a ₦15 per litre…
Despite ongoing inflation challenges, Dr. Jumoke Oduwole, Nigeria’s Minister of Industry, Trade, and Investment, has reaffirmed that the Tinubu administration is strategically diversifying the economy away from oil dependency by unlocking the potential of non-oil sectors. Oduwole made this statement during the third day of the 16th National Council on Industry, Trade and Investment in…
The Socio-Economic Rights and Accountability Project (SERAP) has called on the Nigerian National Petroleum Company Limited (NNPCL) to account for the missing N500 billion oil revenue, following a shocking revelation by the World Bank. According to the World Bank, NNPCL only remitted N600 billion out of N1.1 trillion in revenue from crude oil sales and…
The National Bureau of Statistics (NBS) has revealed that Benue, Ekiti, and Kebbi States recorded the highest year-on-year food inflation rates in Nigeria, according to its April 2025 Consumer Price Index (CPI) report. Benue State led the chart with a staggering 51.76% rise in food inflation, followed by Ekiti State at 34.05%, and Kebbi State…
