President Bola Ahmed Tinubu’s fresh request to the House of Representatives for the approval of a $2.847 billion (approximately ₦4.19 trillion) external loan has stirred widespread unease among Nigerians, sparking an outpouring of reactions across social media platforms. Many citizens expressed concern that the country’s rising debt profile could burden future generations and cripple the economy …
Cristiano Ronaldo has become football’s first billionaire player, according to financial information and media firm Bloomberg. The Bloomberg Billionaires Index, which tracks the world’s richest people based on their net worth, has measured the 40-year-old Portugal and Al-Nassr striker’s wealth for the first time. The valuation takes into account career earnings, investments and endorsements and …
The Federal Operations Unit (FOU) Zone A of the Nigeria Customs Service (NCS) has intercepted smuggled goods worth over ₦1.2 billion in six weeks. Comptroller Mohammed Shu’aibu, head of the unit, announced this during a media briefing in Lagos on Tuesday. He said the operation covered key border communities in Ogun, Oyo, Ondo, and Lagos …
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, has announced that about 98 per cent of Nigerian workers will be exempted from Pay-As-You-Earn (PAYE) deductions when the new tax law becomes effective in January 2026. Oyedele made this known during a session at the 31st Nigerian Economic Summit (NES31) in …
The Nigerian Army has announced major operational successes across the country, with troops killing nine terrorists, arresting eight suspects, and rescuing 37 kidnapped victims during coordinated operations. A military source said the operations were carried out nationwide, reflecting the army’s renewed drive to strengthen security. According to the source, troops of the 151 Task Force …
Long queues have continued to form at fuel stations across Mali’s capital, Bamako, as residents struggle to access petrol amid an ongoing blockade by militants affiliated with al-Qaida. The crisis began in early September when members of Jama’at Nusrat al-Islam wal-Muslimin (JNIM) declared a blockade on fuel imports from neighbouring Senegal and Ivory Coast, targeting …
The Federal Competition and Consumer Protection Commission (FCCPC) has withdrawn the criminal charge filed against MultiChoice Nigeria Limited and its top executives following an amicable settlement between both parties.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 …
