The naira appreciated against the United States (US) dollar, closing at ₦1,427.5/$1, as Nigeria’s gross external reserves climbed to $43.17 billion at the end of the month. A review of market data from the Central Bank of Nigeria (CBN) shows that the naira closed at ₦1,427.5/$1 on Friday, October 31, from ₦1,478/$1 when it opened …
The Dangote Refinery has expressed support for the recently approved 15 per cent tax on petrol and diesel imports into Nigeria. Pinnacle Daily reports that Tinubu had, in a letter dated October 21, 2025, and addressed to the Federal Inland Revenue Service and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, directed immediate implementation of …
The World Customs Organisation (WCO) has commenced a two-week intensive technical training for officers of the Nigeria Customs Service (NCS) at its headquarters in Brussels, Belgium, aimed at strengthening Nigeria’s Advance Ruling system and enhancing capacity in Renewable Energy Classification and the Green Harmonised System (HS) initiative. The programme is supported by the German Development …
In today’s economy where billion-dollar tech fortunes emerge overnight, another quieter reality exists: millions of workers across low-income nations survive on salaries that barely cover food and transport. Despite working full-time, they remain trapped in poverty. For many, salaries run out before the month begins, for others, survival means choosing between transport fares and meals. …
Nigerians may soon benefit from lower petrol and food prices as 22 ships carrying petroleum products, frozen fish, and other essential commodities berth at Lagos ports, the Nigerian Ports Authority (NPA) has revealed. The NPA’s latest Shipping Position report shows that the vessels are currently discharging cargo at Apapa, Tincan, and Lekki ports, signalling a …
Western nations have begun moves to evacuate their citizens from Mali as a deepening fuel blockade threatens to paralyse the country, ignite public anger, and weaken the ruling military junta’s grip on power. The United States on Thursday ordered non-essential embassy staff and family members to leave the country, joining Germany, Italy, and other Western …
The Nigerian Senate has suspended further consideration of the Criminal Code Amendment Bill 2025, a controversial proposal seeking to impose stiffer penalties for abortion-related offences, following intense debate among lawmakers on 26 October 2025. The upper chamber’s decision came after heated disagreements over what should legally qualify as an “unlawful abortion” and concerns that the …
Former Chief of Defence Staff (CDS), General Christopher Musa (retd.), on Friday declared that he is exiting military service with pride, honour, and a clear conscience after decades of service to Nigeria. Speaking during his Pulling Out Parade in Abuja, Musa said he gave his “all” to the defence of the nation and expressed gratitude …
At least 16 senior officers of the Nigerian Armed Forces are currently in detention in connection with an alleged coup attempt against the government of Bola Tinubu. Sources disclosed that the list of detainees comprises a brigadier general, a colonel, four lieutenant colonels, five majors, two captains and a lieutenant from the Army, plus a …
Chairman and Chief Executive Officer of Air Peace Limited, Dr Allen Onyema, has said the airline’s commencement of direct flight from Abuja to Heathrow in London has led to a crash in prices of tickets on the route from $13,000 to $3,000. This reflects a significant 76.92 per cent reduction in price. The Nigeria’s leading …
