There is a strong expectation that the Central Bank of Nigeria (CBN) will cut the benchmark interest rate when its 12-member committee meets for its 2-day Monetary Policy Committee (MPC) meeting starting on Monday, November 24. The anticipation for another rate cut is reflective of recent positive developments in the domestic and global macroeconomic conditions. …
Kwara State Governor AbdulRahman AbdulRazaq has confirmed the release of 38 worshippers abducted during last week’s attack on the Christ Apostolic Church (CAC), Eruku, in Ekiti Local Government Area. The victims were freed on Sunday after several days of coordinated operations involving security agencies and federal authorities. In a statement by his Chief Press Secretary, …
The European Union has pledged €15.5 billion to accelerate Africa’s clean energy transition. The funding aims to expand electricity access and support sustainable economic growth across the continent. European Commission President Ursula von der Leyen announced the pledge on behalf of Team Europe. It includes over €10 billion in EU-led funding, along with significant contributions …
MTN Nigeria has announced that it has paid over ₦6.9 Trillion in taxes, levies, and duty contributions. This figure solidifies the telecommunications giant's position as one of the largest corporate taxpayers and fiscal partners to the Federal and State Governments, directly funding critical sectors of the economy. The company’s role in nation-building extends beyond tax; …
Former Vice President Atiku Abubakar has expressed concern over the appointment of Xpress Payment Solutions Limited as a new Treasury Single Account (TSA) collecting agent. He raised the concern in a statement on Sunday, November 23, urging the federal government to come clean with Nigerians. He likened the appointment to a dangerous resurrection of the …
The equities market extended its losses for the fourth straight week, as the All-Share Index (ASI) fell below 145,000 basis points amid persistent selloff pressure on the trading floor of the Nigerian Exchange Limited (NGX). In the week ended November 21, the ASI declined by 2.24 per cent to close at 143,722.62 bps, while the …
The Nigerian naira closed the week on a negative note as it further depreciated at the official foreign exchange market on Friday, November 21. The Central Bank of Nigeria (CBN) foreign exchange data indicated that the naira exchanged for N1,456.72 per dollar at the Nigerian Foreign Exchange Market (NFEM) on Friday. This reflects a N4.59 …
Nobel Laureate Prof. Wole Soyinka has condemned U.S. President Donald Trump's threat of possible military action in Nigeria, describing the remark as reckless and dismissive of the country’s complex security challenges. Speaking in Makurdi on Friday after a meeting with Benue State Governor Hyacinth Alia, Soyinka said leaders must show respect when commenting on situations …
The Nigeria Labour Congress (NLC) says its organs will meet today, November 22, to determine the next line of action as its one-month ultimatum to the Federal Government over the unresolved crisis in universities, polytechnics, and colleges of education expires. NLC’s acting Secretary-General, Benson Upah, confirmed the development in a brief chat with Newsmen, stressing …
Every December, Lagos stops being just a city; it becomes a global carnival ground. From Murtala Muhammed Airport down to Victoria Island, Lekki, and the Mainland, the city pulsates with an energy that comes only once a year. Flights from London, Atlanta, Toronto, Dubai, and Johannesburg arrive full of Nigerians in the diaspora ready to …
