The Alliance for Economic Research and Ethics LTD/GTE has issued a strong call for clarification from the Nigerian government regarding its recent ban on the export of raw shea nuts. In a strategic move aimed at maximising the potential of Nigeria’s shea industry, President Bola Ahmed Tinubu announced a six-month ban on the export of …
In a strategic move aimed at maximising the potential of Nigeria’s shea industry, President Bola Ahmed Tinubu announced a six-month ban on the export of raw shea nuts. This bold decision, effective immediately, is designed to curb the export of unprocessed shea, encourage local processing, and position Nigeria to capture a larger share of the …
The Central Bank of Nigeria (CBN) has issued a fresh directive mandating all participants in the country’s payment ecosystem to complete migration to the ISO 20022 messaging standard and implement mandatory geo-tagging of payment terminals by October 31, 2025. In a circular published on its official website on Tuesday, signed by Dr Rakiya O. Yusuf, …
Nigeri National Petroleum Company Limited (NNPCL) has said nearly all pipeline theft has been eliminated after coordinated efforts by the country's defence and intelligence agencies. Three years ago, as little as 30% of oil sent through some pipelines made it to Nigeria's export terminals, costing the government billions in lost revenue and leading investment to …
US public records obtained by West Africa Weekly have revealed that Nigeria’s Federal Capital Territory (FCT) Minister, Nyesom Wike, secretly acquired a $2 million Florida mansion in March, registering it under the names of his children, Joaquin, Jazmyne, and Jordan, and his wife, Justice Eberechi Wike. Records further showed that Justice Wike is a registered member of …
The Central Bank of Nigeria (CBN) and the Nigerian Deposit Insurance Corporation (NDIC) have pledged commitment to enhancing collaboration for the stability of Nigeria’s financial system. The commitment was made when newly appointed management of the NDIC, led by Managing Director/Chief Executive Mr Thompson O. Sunday, recently paid a courtesy visit to the CBN Governor, …
By our reporters There is growing concern over the health of President Bola Tinubu, with credible sources confirming to The ICIR that preparations are underway by his medical team to potentially fly him abroad for urgent medical attention. However, the presidency has dismissed these concerns, describing them as mere “rumours”. According to information gathered by The …
President Bola Ahmed Tinubu has announced a substantial reward for Nigeria’s senior women’s basketball team, D’Tigress, following their historic win at the 2025 FIBA Women’s Afrobasket Championship. Each player will receive $100,000, while members of the coaching and technical staff will receive $50,000 each. Additionally, the entire team and coaching staff have been awarded the …
Nigeria’s literary community was abuzz with excitement this weekend as the Committee for Relevant Art (CORA), in collaboration with The Nigeria Prize for Literature, hosted a memorable book party in Lagos to honour the 11 authors longlisted for the prestigious 2025 edition of the literature prize. The event, which marked the first public appearance of …
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, has refuted recent allegations claiming that a company was improperly awarded oil blocks just days after its incorporation during the 2024 Oil Block Licensing Round. Komolafe in response to a report suggesting that the NUPRC had violated its guidelines by …
