Retirement in many parts of the world is something that is looked forward to with excitement, as it marks the end of decades of work and offers a chance to reshape how you spend your time. It also opens a door to freedom, self‑expression and new purpose. For most Nigerians, retirement does not elicit so …
Former President Goodluck Ebele Jonathan is safe and has departed Guinea-Bissau following Wednesday’s military coup that toppled the West African nation’s government, the Federal Government confirmed on Thursday. Kimiebi Ebienfa, spokesperson for the Ministry of Foreign Affairs, told journalists in Abuja that Jonathan had left the country aboard a special flight alongside members of his delegation, …
The Central Bank of Nigeria (CBN) has steadily grown the foreign Exchange reserve by $6.7 billion in 11 months, starting from $40 billion in January to the current amount. The current, which is the highest in seven years, is just a few million dollars from the $47 billion recorded on the 3rd of August in …
Oil prices climbed on Wednesday after sliding to a one-month low in the previous session, though an expected supply glut and a potential Russia-Ukraine peace deal capped gains. Brent crude futures rose 27 cents, or 0.43%, to $62.75 a barrel at 0412 GMT, while U.S. West Texas Intermediate crude futures gained 24 cents, or 0.41%, …
NNPC Limited has announced its financial performance for the full year ended 2024, reporting a Profit After Tax of ₦5.4 trillion on revenue of ₦45.1 trillion. The results, shared during its earnings call with analysts, underscore a year of strong operational delivery. READ ALSO: Senate Rejects NNPCL’s Explanations on Missing N210trn Building on this performance, the Company unveiled …
The total assets of Nigeria deposit money banks (DMBs), comprising 29 commercial banks, six merchant banks, and four non-interest banks (NIBs), rose to N160 trillion ($106 billion) at the end of December 2024. The total assets of the DMBs grew by 41.31 per cent to N160.60 trillion at the end of December 2024, from …
MTN Nigeria has announced that it has paid over ₦6.9 Trillion in taxes, levies, and duty contributions. This figure solidifies the telecommunications giant's position as one of the largest corporate taxpayers and fiscal partners to the Federal and State Governments, directly funding critical sectors of the economy. The company’s role in nation-building extends beyond tax; …
By Osita Chidoka Any law enforcement officer, in uniform or plain clothes, represents the President and the sovereignty of the Nigerian state. To abuse such an officer is to diminish the authority of the Republic itself. Minister Nyesom Wike’s decision to personally enforce a directive at a disputed site was a fundamental misstep. In constitutional …
A former Chief of Army Staff, Lieutenant General Tukur Yusuf Buratai (retd.), has issued a stern warning regarding the confrontation between the Minister of the Federal Capital Territory, Nyesom Wike, and a Nigerian Navy officer in Abuja, describing it as a “clear and present danger to national security.” He called for immediate corrective measures to …
Nigeria's recent Eurobond issuance of US$2.25 billion has caught the attention of financial experts and investors alike. While the bond was oversubscribed, meaning there was strong investor demand, the coupon rate of 9.125% for the 10-year tranche and 9.625% for the 20-year tranche raises a few eyebrows. This rate appears to be on the higher …
