The Securities and Exchange Commission (SEC) has declared invalid the purported Annual General Meeting (AGM) of The Tourist Company of Nigeria (TCN) Plc, reportedly held on July 25, 2025, stating that all resolutions passed during the meeting are null and void. In a public notice, the Commission criticised actions taken by certain majority shareholders who …
By Esther Ososanya The Federal Competition and Consumer Protection Commission (FCCPC) has cautioned traders across Lagos State against arbitrary price hikes and the sale of expired or substandard products. The warning was issued during a market engagement forum organised by the commission in Lagos. Mr Tunji Bello, the FCCPC Executive Vice Chairman and Chief Executive …
By Esther Ososanya U.S. President Donald Trump on Wednesday imposed a 25% tariff on all goods imported from India, effective August 1, citing the country’s “unfair trade barriers” and continued defence and energy ties with Russia. The announcement was made via a post on Trump’s Truth Social account, where he also warned of an additional, …
By Esther Ososanya President Donald Trump has renewed pressure on the Federal Reserve to slash interest rates following a stronger-than-expected 3% growth in U.S. GDP for the second quarter. “2Q GDP JUST OUT: 3%, WAY BETTER THAN EXPECTED! ‘Too Late’ MUST NOW LOWER THE RATE. No Inflation! Let people buy, and refinance, their homes!” Trump …
By Esther Ososanya A powerful 8.8-magnitude earthquake off Russia’s Kamchatka Peninsula sent tsunami waves sweeping across the Pacific on Wednesday, disrupting maritime trade, halting port operations, and triggering emergency alerts as far as Hawaii, Japan, and California. The quake, the region’s strongest since 1952, rattled global logistics chains already grappling with inflation and fuel volatility. …
By Esther Ososanya Former Nigerian Head of State, Gen. Yakubu Gowon (Rtd), has urged African leaders to place affordable housing at the centre of their national development plans. He warned that the shortage of decent homes is weakening progress in health, education, and economic growth across the continent. Prof. Suleiman Bogoro, former Executive Secretary of …
By Esther Ososanya The Managing Director of the Nigeria Export Processing Zones Authority (NEPZA), Dr Olufemi Ogunyemi, receives a U.S. Congressional Commendation for transparency and economic reform. The commendation jointly presented by South Carolina Representative Rosalyn Henderson-Myers and Georgia Representative Dee Dawkins-Haigler comes as international recognition of Nigeria’s ongoing transformation of its Free Trade Zones (FTZs) …
Currency traders attribute the recent strengthening of the naira and the stability of the forex market to factors such as an excess supply of dollars and increased enforcement actions by security agencies targeting forex speculators and hoarders. They point to several additional factors contributing to the naira's improved performance, including the Central Bank of Nigeria's …
By Esther Ososanya The Federal Ministry of Finance, in partnership with the African Capacity Building Foundation (ACBF) Gates Foundation, has launched the Leadership Excellence in Africa’s Public Service (LEAPS) programme in Abuja, a transformative initiative aimed at strengthening institutional leadership across Nigeria’s public service. The launch marks a step toward improving economic governance by retooling …
By Rafiyat Sadiq The Senate has given the Nigerian National Petroleum Company Limited (NNPCL) a three-week deadline to respond to audit queries concerning N210 trillion recorded in its financial statements from 2017 to 2023. The Senate Public Accounts Committee, chaired by Senator Ahmed Wadada (Nasarawa West), issued the directive during a session with NNPCL’s Group …
