July 29, 2025Published by Cyril The Federal Government may sell off all 11 electricity distribution companies (Discos) to new investors if the proposed Electricity Act (Amendment) Bill, 2025, is passed into law. This new legislation, sponsored by Senator Enyinnaya Abaribe (Abia South), seeks to overhaul the 2023 Electricity Act and enforce performance-based accountability across Nigeria’s…
July 28, 2025Published by Cyril The National Directorate of Employment (NDE) has officially commenced online registration for Phase Two of the Renewed Hope Employment Initiative, a programme aimed at reducing unemployment and providing Nigerians with vocational and digital skills. Announcing the launch in Abuja on Monday, the Director-General of NDE, Mr. Silas Agara, stated that…
The House of Representatives has issued a 14-day ultimatum to the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, to remit ₦3.64 trillion to the Federal Government or face the risk of arrest. Lawmakers Accuse CBN of Disregarding Fiscal Laws In a statement released on Friday, Joint Committee Chairmen on Public Accounts and…
Africa’s richest man, Aliko Dangote, has officially stepped down as Chairman of Dangote Cement Plc, the company he founded and nurtured into one of the continent’s largest industrial giants. The announcement was made on Friday in a statement by Anthony Chiejina, Group Chief Branding and Communications Officer. “Alhaji Aliko Dangote has retired as Chairman of…
Africa’s richest man, Aliko Dangote, has raised concerns over the $90 billion annual loss the continent suffers due to its heavy reliance on imported substandard petroleum products. Dangote made this revelation during the West African Refined Fuel Conference held in Abuja, organized by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and S&P Global…
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced that eight Nigerian banks have successfully surpassed the apex bank’s recapitalization requirements, well ahead of the March 31, 2026, deadline. Cardoso made this disclosure on Tuesday during the press briefing that followed the 301st Monetary Policy Committee (MPC) meeting in Abuja. NAIJABLOGDAILY.COM…
Thursday, July 17, 2025 (Africa/Lagos). Popular economist Bismarck Rewane, CEO of Financial Derivatives Company (FDC), says the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) is likely to cut the Monetary Policy Rate (MPR) by 25 basis points at its next meeting as moderating domestic inflation and a relatively stable naira create room for…
Kano, Nigeria — July 17, 2025 Kano Pillars Football Club has sealed a ₦100 million partnership agreement with Radio France Internationale (RFI) Hausa to boost the club’s development, branding, and media visibility. The partnership was unveiled on Thursday at the Sani Abacha Stadium, Kano, in a ceremony attended by top officials of both organizations. Ahmed…
The Federal Inland Revenue Service (FIRS) has announced a strategic shift from traditional enforcement measures to a proactive, engagement-driven approach in dealing with taxpayers. This development was revealed by Dr. Zacch Adedeji, Executive Chairman of FIRS, during the recently concluded 2025 Emerging Taxpayers’ Group (ETG) Tax Clinic, themed “Tax Clinic for Tax Clarity.” Why the…
The Securities and Exchange Commission (SEC) has announced that it has launched an official investigation into a suspected Ponzi scheme operating under the name FF Tiffany, which is believed to have defrauded numerous Nigerians of billions of naira through fraudulent investment promises. In a statement released on Tuesday in Abuja, the SEC disclosed that preliminary…
