SERAP asks Akpabio, Abbas to explain ₦1.3bn allocation to ‘fictitious presidential council’

By Seun Ibiyemi The Socio-Economic Rights and Accountability Project (SERAP) has asked Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas to explain how over ₦1.3 billion was allocated to the Presidential Foreign Intervention Promotion Council (PFIPC)/Presidential Economic Advisory Council in the 2026 Appropriation Act despite the Presidency’s claim that the…

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Adeniyi seeks interoperable Customs systems as AfCFTA launches continental modernisation project

By Seun Ibiyemi The Comptroller-General of Customs, Adewale Adeniyi, has called for the deployment of interoperable customs systems across Africa, describing it as a crucial step towards the successful implementation of the African Continental Free Trade Area (AfCFTA) and the promotion of seamless intra-African trade. Adeniyi made the call on Wednesday during the signing of…

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NDLEA arrests 67-year-old UK-based grandma with 13kg cocaine disguised as plantain

By Seun Ibiyemi Operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested a 67-year-old Nigerian-British grandmother, Mary Yetunde Barek, after intercepting 13 kilograms of cocaine ingeniously concealed in fake plantain peels at the Murtala Muhammed International Airport (MMIA), Lagos. The suspect, a caregiver based in the United Kingdom, was arrested at the departure…

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No shadow budget, FG tells Atiku, defends ₦8trn expenditure claims

By Seun Ibiyemi The Federal Government has dismissed allegations that it operated a “shadow budget” and spent over ₦8 trillion outside the 2026 approved appropriation, insisting that all public expenditures were carried out within the constitutional and legal framework governing Nigeria’s public finances. The government’s response follows criticism by former Vice President Atiku Abubakar, who…

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Naira ends week stronger as FX stability boosts market confidence

By Seun Ibiyemi The naira posted a positive performance in the week ended Friday, July 3, 2026, strengthening against the United States dollar at the official foreign exchange market and maintaining relative stability in the parallel market, reinforcing growing confidence in Nigeria’s foreign exchange reforms. Data from the Nigerian Foreign Exchange Market (NFEM) showed that…

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Nigeria must turn economic stability into jobs, investment, lower business costs – CPPE

By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has urged the Federal Government to shift the focus of economic reforms from macroeconomic stabilisation to creating jobs, attracting private investment and reducing the cost of doing business, saying this is critical to sustaining Nigeria’s economic recovery. The call comes as Nigeria enters…

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NIMASA, Ghana sign MoU to deepen maritime cooperation, boost blue economy

By Seun Ibiyemi The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Ghana Maritime Authority (GMA) have signed a Memorandum of Understanding (MoU) aimed at strengthening bilateral maritime cooperation, improving regional maritime governance, and advancing the sustainable development of the Blue Economy across West Africa. L-R: Ag. Director, Legal Division, Ghana Maritime Authority (GMA),…

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Mini-grids can de-risk Nigeria’s power sector, attract private investment — REA Boss

By Seun Ibiyemi The Managing Director of the Rural Electrification Agency (REA), Dr. Abba Aliyu, has said mini-grids have evolved beyond rural electrification projects into commercially viable electricity delivery models capable of de-risking Nigeria’s power sector and attracting significant private investment. Aliyu stated this while delivering the keynote address at the inaugural Samuel Ibiyemi Memorial…

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