The United States Trade Representative (USTR) has strongly criticized Nigeria’s import restrictions on 25 categories of goods, stating that the policies create trade barriers and limit market access for American exporters. The USTR made this known on Monday via its official X (formerly Twitter) handle, stressing that the import ban adversely affects key sectors such…
Massive anti-Trump protests erupted across major cities in the United States and Europe on Saturday, as tens of thousands marched against President Donald Trump’s controversial policies and leadership style, marking the largest demonstration since his return to the White House. From Washington D.C., New York, Los Angeles, and Houston to international capitals like Paris, London,…
President Bola Ahmed Tinubu has approved the appointment of Mr. Ayo Sotinrin as the new Managing Director of the Bank of Agriculture (BOA), effective immediately. The announcement was made through a statement released by presidential media aide, Bayo Onanuga, who described Sotinrin as a seasoned executive with a robust background in both the public and…
In a major shake-up of the Nigerian oil and gas sector, President Bola Tinubu has approved the reconstitution of the Nigerian National Petroleum Company Limited (NNPCL) board. This decision led to the removal of the Group Chief Executive Officer, Mallam Mele Kyari, and the board Chairman, Chief Pius Akinyelure, along with other board members appointed…
A recent report by the Central Bank of Nigeria (CBN) has highlighted rising inflation in the country, attributing it to insecurity, energy costs, hoarding, and infrastructural deficits. The report, which is part of Nigeria’s Q4 2024 Economic Update, revealed that headline inflation surged to 34.80% year-on-year, up from 32.70% in the previous quarter. “Inflation remained…
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, led a delegation of Abuja residents to the Presidential Villa on Sunday to pay Sallah homage to President Bola Tinubu. The Vice President, Kashim Shettima, the Minister of Information and National Orientation, Mohammed Idris, and other notable FCT leaders were also present at the event….
The House of Representatives has taken a major step towards restructuring Nigeria’s local government system by passing a bill for the second reading that seeks to upgrade Lagos State’s 37 Local Council Development Areas (LCDAs) into full-fledged Local Government Areas (LGAs). If the bill is approved, Lagos will see its local government count rise from…
The Federal Government of Nigeria has successfully raised N1.092 trillion through Sukuk bonds, a Sharia-compliant investment instrument designed to attract ethical investors. This funding has been strategically deployed for the construction and rehabilitation of 4,100 kilometers of roads and nine major bridges across Nigeria’s six geopolitical zones. Nigeria’s Sukuk Bond Success and Infrastructure Development The…
President Bola Ahmed Tinubu has officially signed into law the South-West Development Commission Bill, the South-South Development Commission Bill, and the Nigeria Anti-Doping Bill, 2025. New Development Commissions to Drive Regional Growth Basheer Lado, the Special Adviser to the President on Senate Matters, states that the legislation is a major step towards inclusive governance, economic…
A former National Security Adviser, Col. Sambo Dasuki (retd.), alongside three others, has been re-arraigned before the Federal Capital Territory (FCT) High Court in Abuja over an alleged ₦33.2 billion fraud. The Economic and Financial Crimes Commission (EFCC) brought fresh charges against Dasuki, a former General Manager of the Nigerian National Petroleum Corporation (NNPC), Aminu…
