The Federal Government has launched a project to include 14 million smallholder farmers in the cassava bioethanol value chain. The aim is to cut fuel import costs and strengthen Nigeria’s bioeconomy. Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, announced the project in a statement signed by the ministry’s Director of Information and …
Nigeria’s exports to Africa surged in the first half of 2025, reaching N4.82 trillion, a 14 per cent increase from N4.21 trillion in the same period of 2024. West Africa continued to dominate as the main market, absorbing over 62 per cent of Nigeria’s continental exports. Bashir Adewale Adeniyi, Comptroller General of the Nigeria Customs …
Nigeria’s participation in the Pan-African Payment and Settlement System (PAPSS) recorded a sharp decline in the first half of 2025. The value of cross-border transactions processed through the platform fell by 53 per cent to N5.6 billion, according to the Central Bank of Nigeria’s (CBN) Financial Stability Report for June 30, 2025. The number of …
The National Orientation Agency (NOA) has congratulated actress and filmmaker Funke Akindele on the record-breaking success of her latest movie, Behind the Scenes, at the Nigerian box office. The film has crossed the ₦2.2 billion mark, becoming the first Nollywood movie to achieve this milestone. NOA highlighted that the movie’s success extends beyond Nigeria, earning …
The Bank of Canada (BoC) is widely expected to keep its policy interest rate at 2.25% on Wednesday. Economists and money markets, however, are divided over the future path of Canada’s monetary policy amid economic uncertainty. Since December, money markets have started pricing in the possibility of a rate hike later this year after a …
Shares of gold mining companies rose in premarket trading on Monday after bullion prices climbed to a record high of $5,100 an ounce. The surge extends a historic rally driven by safe-haven demand amid geopolitical tensions and global market volatility. Gold gained about 64 per cent in 2025, marking its strongest annual performance since 1979. …
The All Progressives Congress (APC) in Benue State says it is positioning itself to deliver no fewer than one million additional votes for President Bola Tinubu in the 2027 general elections. The party said it is relying on the political structure of the bloc led by the Secretary to the Government of the Federation (SGF), …
Combined security operatives have arrested four suspected kidnappers in a forest at Ewu, Esan Central Local Government Area of Edo State. The suspects were apprehended following a shootout with security operatives during an operation in the area. Confirming the development, the Edo State Police Public Relations Officer, Eno Ikoedem, said the suspects have been transferred …
The Nigeria Union of Teachers (NUT), Federal Capital Territory (FCT) Wing, has directed all primary and secondary school teachers to join the ongoing indefinite strike. The union said it acted on the directive of the Nigeria Labour Congress (NLC), which instructed all affiliate unions in the FCT to escalate the industrial action. NUT said the …
The Nigerian National Petroleum Company Limited (NNPCL) has said its collaboration with Chevron Nigeria Limited (CNL), through a joint venture (JV) agreement, is targeted at ramping up oil production to 146,000 barrels per day (bpd) to boost national revenue, energy security and create jobs. The national oil firm stated this while congratulating Chevron Nigeria on …
