A coalition of residents and business owners under the banner of the Coalition of Concerned Individuals staged a peaceful protest in Lagos on Thursday, July 17, demanding fair compensation for properties demolished during the construction of the Lagos-Calabar Coastal Highway project. The demonstrators decried what they described as a lack of transparency, inadequate compensation, and…
Nigeria’s headline inflation rate eased to 22.22% in June 2025, down from 22.97% in May, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The June reading marks the third straight monthly decline in headline inflation. Year-on-Year Inflation Slows Sharply On an annual basis, headline inflation was…
The Omoluabi Progressives, a political group loyal to former Osun State Governor Rauf Aregbesola, has defended the debts incurred during his administration between 2010 and 2018, describing them as strategic investments rather than financial recklessness. In a statement released on Tuesday and signed by the group’s Organising and Publicity Secretary, Oluwaseun Abosede, the group said…
The Central Bank of Nigeria (CBN) has scheduled its 301st Monetary Policy Committee (MPC) meeting for Monday and Tuesday, July 21 and 22, 2025. The apex bank disclosed this via an official notice posted on its website over the weekend. The high-level meeting will be held in Abuja, where the committee is expected to review…
ABUJA – Prominent oil marketers and industry stakeholders have thrown their support behind the proposed sale of Nigeria’s state-owned refineries — Port Harcourt, Warri, and Kaduna — calling for transparency, accountability, and stakeholder inclusion in the process. The move follows the Nigerian National Petroleum Company Limited (NNPCL) announcement that it is currently reassessing its refinery…
Nigeria has entered a strategic partnership with Qatar Charity to expand humanitarian efforts and accelerate sustainable development across vulnerable communities in the country. According to a statement by the Federal Ministry of Budget and Economic Planning, the agreement was signed in Doha, with Senator Abubakar Bagudu, Nigeria’s Minister of Budget and Economic Planning, representing the…
The Naira appreciated in the parallel (black) market on Friday, strengthening to ₦1,550 per US dollar, up from ₦1,555/$ recorded on Thursday, July 10, 2025. However, in the official Nigerian Foreign Exchange Market (NFEM), the story was slightly different. The local currency depreciated to ₦1,532/$ from ₦1,531/$, reflecting a ₦1 drop despite ongoing stabilizing efforts…
The International Monetary Fund (IMF) has praised the Federal Inland Revenue Service (FIRS) for its outstanding achievements in tax administration reforms, institutional growth, and revenue modernization efforts. The IMF also pledged its continued support as Nigeria’s tax authority navigates new responsibilities under recently enacted tax reform laws. Speaking during the IMF Headquarters Mission to Nigeria…
President Bola Ahmed Tinubu has provided a detailed explanation on how the Federal Government of Nigeria is utilizing funds saved from the removal of petrol subsidy, stressing that the money is being channeled into infrastructure development, human capital investment, and economic reforms. Speaking through the Minister of State for Finance, Nkiruka Uzoka-Anite, during the opening…
ABUJA — Nigerian media mogul and former presidential aspirant, Dele Momodu, has alleged that Nyesom Wike, former Rivers State governor, paid $30,000 to each delegate during the 2022 PDP presidential primary. Momodu made the revelation during an interview on Channels Television on Monday, claiming that a former Nigerian president had warned him against contesting the…
