President Bola Tinubu has withheld assent to two bills recently passed by the National Assembly, citing provisions he described as fiscally risky, inconsistent with existing policies, and potentially detrimental to sound governance. Senate President Godswill Akpabio read the President’s objection letters during Tuesday’s plenary session as lawmakers resumed from their annual recess. Concerns Over Transport …
The former Minister of Innovation, Science and Technology, Geoffrey Nnaji, has said his resignation from President Bola Tinubu’s cabinet is not an admission of guilt but a personal and principled decision taken in the interest of due process and good governance. Nnaji, who was appointed minister in August 2023, announced his resignation in a letter …
Professor Mahmood Yakubu, outgoing Chairman of the Independent National Electoral Commission (INEC), has handed over the leadership of the commission to Mrs. May Agbamuche-Mbu, who will serve as Acting Chairman. The handover ceremony took place on Tuesday during a meeting with Resident Electoral Commissioners (RECs) at the INEC headquarters in Abuja. Mrs. Agbamuche-Mbu, the oldest …
Nigeria’s Minister of Power, Adebayo Adelabu, has disclosed that the Federal Government is in discussion with the Export-Import Bank of China to secure a $2 billion loan to fund the development of a new national "super grid," which will stabilize energy supplies and encourage industrial growth across the country. Adelabu made this known at the …
Eko Electricity Distribution Company Plc (Eko DisCo) has registered a subsidiary, Excel Electricity Distribution Company Limited, to taker over the operations of its electricity distribution business in Lagos State. In a statement released on Tuesday, October 7, 2025, the management of Eko DisCo clarified that the creation of the subsidiary was in compliance with regulatory …
The Central Bank of Nigeria (CBN) has unveiled fresh regulatory guidelines for Point-of-Sale (POS) operators and banking agents nationwide, directing them to maintain dedicated accounts or wallets solely for agent banking transactions. The new directive, contained in the Guidelines for the Operations of Agent Banking in Nigeria (October 2025), seeks to strengthen financial oversight, improve …
President Bola Tinubu has requested the approval of the House of Representatives to secure approximately $2.3 billion in external loans to cover the 2025 budget deficit and refinance maturing Eurobonds, which will further raise Nigeria's debt profile. Nigeria’s total public debt rose to N149.39 trillion as of March 31 this year, marking a year-on-year increase …
The World Trade Organisation (WTO) has projected that countries will experience bleak trade growth in 2026 as the impact of the United States (US) President Donald Trump’s tariff kicks in. It gave the forecast on Tuesday, October 7, as it published its updated global trade outlook. While the WTO raised its forecast for trade volume …
The Minister of Science and Technology, Chief Uche Nnaji, on Monday, failed to appear at a press conference his office convened to address allegations that he forged his university and national youth service certificates. Journalists from various local and international media organisations had thronged the conference room of the Raw Materials Research and Development Council …
As the people groan over the unprecedented hike in the price of Liquefied Petroleum Gas (LPG), also known as cooking gas, the Dangote Petroleum Refinery has cut its ex-depot price from ₦860 to ₦760 per kilogram. This reflects a ₦50 reduction or 6.17 per cent drop from the previous price. The price is considered the …
