By Seun Ibiyemi Newly sworn-in Minister of State for Finance, Taiwo Oyedele, pledges full support for Nigeria’s fiscal reforms and economic management, promising efficient revenue mobilisation and debt sustainability. Oyedele took the oath of office before President Bola Tinubu at the Presidential Villa, Abuja, describing the opportunity to serve at the highest level as a…
By Seun Ibiyemi The Nigerian naira, displayed signs of resilience on Monday as it posted modest gains against the United States dollar in the foreign exchange market, signalling a positive start to the week for the local currency. Data from the Nigerian Foreign Exchange Market (NFEM) and parallel trading points across major cities indicated that…
By Seun Ibiyemi Nigeria’s stock market reached a historic high on Monday as the Nigerian Exchange Group (NGX) All-Share Index crossed the 201,000-point threshold for the first time, signaling renewed investor confidence in the country’s equities market. The benchmark index rose 1.55 per cent to close at 201,474.89 points, up from 198,407.30 in the previous…
By Seun Ibiyemi FairMoney Microfinance Bank on Monday appointed Gbenga Shobo as Chairman of its Board, in a move aimed at reinforcing corporate governance and executive capacity. The bank also announced the appointment of Debo Aderoju as Executive Director and Chief Risk Officer, further strengthening its leadership team as it expands operations in Nigeria’s growing…
By Yinka Oduntan At least 23 people have been confirmed dead, and 108 others sustained varying degrees of injuries following multiple suicide bombings in Maiduguri on Monday evening, according to Borno State Police Command. The attacks targeted crowded locations, including the city’s largest market, the gate of the University of Maiduguri Teaching Hospital, and the…
By Seun Ibiyemi Dangote Industries Limited has signed a $4.2 billion natural gas supply agreement with GCL Group to power a major fertilizer plant in Ethiopia, the company announced on Monday. The deal, signed by Aliko Dangote in Lagos, guarantees a 25-year energy supply to the fertilizer complex, ensuring uninterrupted operations once the plant becomes…
The African Democratic Congress (ADC) has accused elements within the ruling All Progressives Congress (APC) of attempting to manipulate the opposition ahead of the 2027 general elections, in a move the party claims is aimed at positioning President Bola Tinubu as the only serious contender for the presidency. In a statement on Monday, Bolaji Abdullahi,…
By Seun Ibiyemi Nigeria’s headline inflation rate eased slightly to 15.06 per cent in February 2026, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The report, published in Abuja on Monday, showed a marginal decline of 0.04 percentage points from the 15.10 per cent recorded in…
By Seun Ibiyemi Nigeria and the United Kingdom are set to formalise a £746 million financing agreement aimed at upgrading key maritime infrastructure at the Lagos Port Complex (Apapa Quays) and Tin Can Island Port Complex, as President Bola Tinubu begins a historic state visit to the UK. The deal, to be signed between UK…
By Seun Ibiyemi The Nigeria Customs Service (NCS), Apapa Area Command, in collaboration with the National Drug Law Enforcement Agency (NDLEA), has intercepted two containers loaded with thousands of cartons of codeine-containing syrup concealed in household utensils at Apapa Port. The seizure came barely five days after the Comptroller-General of Customs, Bashir Adewale Adeniyi, visited…
