The Central Bank of Nigeria (CBN) has issued a fresh directive mandating all participants in the country’s payment ecosystem to complete migration to the ISO 20022 messaging standard and implement mandatory geo-tagging of payment terminals by October 31, 2025. In a circular published on its official website on Tuesday, signed by Dr Rakiya O. Yusuf, …
Nigeria’s external reserves have been projected to reach $45 billion by the end of 2025, bolstering efforts by the Central Bank of Nigeria (CBN) to stabilise the naira and pave the way for economic growth. This comes as external reserves have recorded a steady rise in recent times, reaching $41 billion on Tuesday, August …
Victor Ezeja The Manufacturers Association of Nigeria (MAN) has opposed the Nigeria Customs Service (NCS)'s recent reintroduction of a 4 per cent Free on Board (FOB) charge on imports, which took effect on 4 August 2025. This levy, which is applied to the total value of goods before shipment, has sparked significant concern due to its potential to …
By Rafiyat Sadiq Former Ogun State Governor, Senator Gbenga Daniel, has denied reports that he is planning to leave the All Progressives Congress (APC) for the Peoples Democratic Party (PDP) ahead of the 2027 general elections. In a statement released on Monday by his media office, Daniel described the claims as false, stressing that he …
By Rafiyat Sadiq The African Democratic Congress (ADC) has criticised the Peoples Democratic Party (PDP) and the All Progressives Congress (APC) for zoning their 2027 presidential tickets two years ahead of the election, describing the move as insensitive to the concerns of Nigerians. The party’s National Publicity Secretary, Bolaji Abdullahi, made the remarks on Tuesday …
By Rafiyat Sadiq The Lagos State chapter of the All Progressives Congress (APC) has condemned former Labour Party presidential candidate Peter Obi for describing Nigeria as a “killing field” under President Bola Tinubu. Obi had alleged that deaths recorded since Tinubu assumed office had exceeded 10,000. But in a statement on Monday, the Lagos APC …
By Esther Ososanya Troops of Operation FANSAN YANMA, working alongside police operatives and local vigilante groups, have rescued six abducted children in Gidan Maga village, Malumfashi Local Government Area of Katsina State. The incident happened on Monday, when armed bandits stormed the community in an attempt to abduct residents. Gun Battle in Naalma Forest Security …
By Rafiyat Sadiq The African Democratic Congress (ADC) has declared that Nigerians no longer have confidence in the country’s political elite. The party’s National Publicity Secretary, Bolaji Abdullahi, made the remark on Tuesday during an interview on The Morning Brief, a programme aired on Channels Television. Abdullahi said the political class, irrespective of party affiliation, …
By Esther Ososanya The Academic Staff Union of Universities (ASUU) has vowed to embark on what it described as the “mother of all strikes” if the Federal Government fails to implement the long-standing 2009 agreement designed to uplift the standard of tertiary education in Nigeria. Speaking at a press conference on Tuesday in Calabar, Chairman …
By Rafiyat Sadiq A member of the Board of Trustees (BoT) of the Peoples Democratic Party (PDP), Ejiofor Onyia, has accused the Minister of the Federal Capital Territory (FCT), Nyesom Wike, of working for the ruling All Progressives Congress (APC). Onyia said Wike does not occupy any executive position in the PDP and therefore lacks …
