The House of Representatives Ad-hoc Committee investigating pre-shipment inspection of exports and the non-remittance of crude oil proceeds has directed key government agencies and a private sector body to submit comprehensive records related to its ongoing probe. The directive followed concerns by lawmakers over incomplete documentation submitted by the agencies, as the committee seeks to …
The Federal Government on Wednesday approved six major road projects across the country, including the demolition of the Carter Bridge in Lagos and the design of a new bridge to replace it. The Minister of Works, David Umahi, disclosed this while briefing State House correspondents on the outcome of the Federal Executive Council (FEC) meeting …
The Central Bank of Nigeria (CBN) said it has taken delivery of responsibly sourced London Bullion Market Association (LBMA) Good Delivery-standard gold into its foreign reserves. The move, which is aimed at strengthening reserve diversification and macroeconomic stability, has raised its total gold holdings to $3.5 billion. According to the apex bank in a statement …
The National Drug Law Enforcement Agency (NDLEA) has arrested fugitive drug trafficker Uzoma Valentine Ilomuanya after 15 years on the run. NDLEA officers picked him up in Lagos on February 23, 2026. The agency’s Special Operations Unit carried out the operation. Femi Babafemi, NDLEA’s Director of Media and Advocacy, announced the arrest in Abuja. He …
The International Human Rights Commission – Relief Fund Trust (IHRC-RFT Global) has expressed deep concern over what it described as disturbing figures surrounding kidnapping and insecurity in Nigeria, warning that the trend poses a grave threat to human life and national stability. In a statement signed by its Country Director, Amb. Abdullahi Bakoji Adamu, the …
Governments across Europe, Asia, and the Gulf have stepped up evacuation efforts as the ongoing U.S.-Israeli conflict with Iran continues to disrupt air travel across the Middle East. Dozens of repatriation flights were scheduled to depart the region on Wednesday to evacuate thousands of stranded citizens. The shutdown of key airspace corridors has left major …
Nigeria’s private sector showed signs of recovery in February 2026, but key obstacles are still slowing growth, according to the Nigerian Economic Summit Group (NESG). The group revealed this in its latest Business Confidence Monitor (BCM) report released on Wednesday, March 4. The report shows the Business Performance Index hit 117.2 points, its highest in …
The implementation of a new cashless policy by the Federal Airports Authority of Nigeria (FAAN) has led to significant traffic congestion at access gates of Lagos and Abuja airports in the last three days. Starting March 1, 2026, FAAN prohibited cash payments at all access gates, car parks, and executive lounges. While the policy aims …
Foreign company income tax payments outperformed domestic collections in the third quarter of 2025, driving total Company Income Tax (CIT) revenue to ₦2.96 trillion. A review of the Company Income Tax (Q3 2025) report released on Wednesday, March 4, by the National Bureau of Statistics (NBS) has shown. According to the data, of the ₦2.96 …
The Rivers State House of Assembly has confirmed receipt of a list of commissioner-nominees from Governor Siminalayi Fubara and has invited nine of the nominees for screening and confirmation. The submission of the list comes about three weeks after Fubara sacked eight commissioners who were not affected by the Supreme Court judgment recognising Martin Amaewhule …
