The Federal Competition and Consumer Protection Commission (FCCPC) has withdrawn the criminal charge filed against MultiChoice Nigeria Limited and its top executives following an amicable settlement between both parties. FCCPC’s counsel, Daniel Amadi, informed Justice James Omotosho of the Federal High Court that the commission had filed a notice of withdrawal on August 16 after …
The Bank of England (BoE) has warned that global financial markets could face a sharp correction if investor confidence in artificial intelligence (AI) prospects or the independence of the U.S. Federal Reserve weakens. In its latest Financial Policy Committee (FPC) report, the BoE noted that U.S. stock valuations are nearing levels last seen during the …
Gold prices soared beyond $4,000 per ounce for the first time in history on Wednesday as investors rushed to the safe-haven asset amid global economic and geopolitical tensions, as well as expectations of U.S. interest rate cuts. Spot gold climbed 1.3% to $4,034.59 per ounce by 09:31 GMT, while U.S. gold futures for December delivery …
Nigeria’s non-interest capital market has grown to a valuation of over ₦1.6 trillion, according to the Securities and Exchange Commission (SEC). Its Director-General, Emomotimi Agama, hinted at this during a joint press briefing in Abuja ahead of the 7th African International Conference on Islamic Finance (AICIF), scheduled to be held in Lagos on November 4 …
Geoffrey Nnaji, the Minister of Innovation, Science, and Technology, has resigned from President Bola Tinubu’s cabinet amid ongoing allegations regarding his academic credentials and claims of certificate forgery. Appointed in August 2023, Nnaji submitted his resignation in a letter to the president on Tuesday, thanking him for the opportunity to serve. In a statement confirming …
The Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union of Educational and Associated Institutions (NASU) have declared a one-day nationwide protest for Thursday, October 9, over the Federal Government’s failure to address their long-standing demands. The decision followed a comprehensive review by the unions’ Joint Action Committee (JAC) on October 6, …
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has announced a remarkable rebound in its operations, which has resulted in the facilitation of over ₦70 billion in commercial financing for agribusiness as at Q3 2025, its strongest annual performance since inception. In operation since 2013, this result represents nearly a quarter of the …
Governors and former ministers have called on the federal government to urgently reform the Independent National Electoral Commission (INEC) ahead of the 2027 general elections to restore public confidence and strengthen Nigeria’s electoral system. They made the call yesterday in Abuja during a high-level panel discussion organised by the Athena Centre for Policy and Leadership …
Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, says the country’s new $2 billion broadband rollout could boost GDP growth, enable digital inclusion, and position Nigeria as Africa’s next global tech exporter. Nigeria is making an audacious bet that fibre-optic broadband and innovation hubs can unlock the nation’s long-anticipated digital wealth. Speaking at …
As Nigeria launches a fresh national drive against vaccine-preventable diseases, the Bill & Melinda Gates Foundation has renewed its call for coordinated action to reach more than two million unvaccinated children across the country. The National Integrated Measles-Rubella and Polio Immunisation Campaign, flagged off on Monday at the Presidential Villa, Abuja, by Nigeria’s First Lady, …
