By Seun Ibiyemi Nigeria spent a total of $5.21 billion on servicing external debt in 2025, accounting for more than 72 per cent of the country’s total international payments, according to data released by the Central Bank of Nigeria (CBN). Figures published on the apex bank’s website show that external debt service payments rose from…
By Seun Ibiyemi The Nigerian naira appreciated further at the official foreign exchange market on Wednesday, closing at N1,376.19 to the United States dollar, according to data released by the Central Bank of Nigeria (CBN). Figures published on the CBN’s website showed that the local currency gained N25.20 against the dollar at the Nigerian Autonomous…
By Adeyemi David A faction of the Peoples Democratic Party (PDP) backed by the Minister of the Federal Capital Territory, Nyesom Wike, has announced May 25, 2027, as the date for its presidential primary ahead of the next general elections. The decision was contained in a communiqué issued after the faction’s 106th National Executive Committee…
The Federal Government has reaffirmed its commitment to market-based petrol pricing, insisting it will not introduce price controls despite rising geopolitical tensions in the Middle East that have heightened volatility in global oil markets. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this during an interview on Politics Today on…
By Seun Ibiyemi The Nigeria Customs Service (NCS) has warned members of the public about a fraudulent notice circulating online claiming to advertise an upcoming vehicle auction. In a statement issued on Wednesday, the Service clarified that the notice is fake and did not originate from the NCS, urging Nigerians to disregard the information and…
By Seun Ibiyemi The Nigerian Senate on Wednesday confirmed the appointment of Taiwo Oyedele as Minister of State for Finance after nearly three hours of questioning by lawmakers on key economic and fiscal issues. Oyedele’s confirmation followed a rigorous screening session during which senators across party lines questioned him on strategies to strengthen government revenue,…
By Adeyemi David Governor Ademola Adeleke of Osun State says the performance of his administration and his servant-leadership style will secure his re-election in the Aug. 15 governorship election in the state. Adeleke made the remark on Wednesday while hosting members of the Ansarudeen Society of Nigeria at the Government House in Osogbo. The governor…
By Seun Ibiyemi President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN), subject to confirmation by the Senate. The appointment, announced on Wednesday, was made in line with Section 8(1) of the Central Bank of Nigeria Act, 2007. Yuguda’s nomination follows the…
By Adeyemi David The African Democratic Congress (ADC) on Wednesday launched a nationwide initiative, the “One ADC Movement,” aimed at mobilising Nigerians and uniting party members to defeat the ruling All Progressives Congress (APC) in the 2027 elections. Speaking at the event in Abuja, the party’s National Coordinator, Mrs. Lauretta Onuchie, said the movement was…
The Federal High Court in Abuja on Wednesday adjourned the hearing of a fundamental rights enforcement suit filed by former Kaduna State Governor, Nasir El-Rufai, against the Independent Corrupt Practices and Other Related Offences Commission (ICPC), the Inspector-General of Police, the Chief Magistrate of the FCT, Abuja, and the Attorney-General of the Federation (AGF) until…
