The U.S. dollar held close to a three-month peak on Monday as investors looked ahead to a slate of economic data this week that could offer fresh insight into the strength of the world’s largest economy and signal whether the Federal Reserve will maintain its hawkish posture. Asia-Pacific trading was subdued due to a holiday …
Special assistant on media and public affairs to former minister of state for petroleum, Chief Timipre Sylva, Chief Julius Bokoru, has dismissed rumours linking his principal to any coup plot in Nigeria, describing the claims as baseless and politically motivated. In a statement released on Wednesday, Bokoru said some desperate and self-centred politicians were behind …
The National Social Investment Programme Agency (NSIPA) has disbursed ₦22.48 billion to low-income households in Katsina State under the Renewed Hope Conditional Cash Transfer (CCT) scheme. The payment is part of a national initiative that has already reached over 5.4 million households, delivering ₦344 billion in 2025 alone. According to the agency, the goal is …
In a sweeping structural reform, Nigeria has effectively abolished its standalone 10% Capital Gains Tax (CGT) and integrated the gains into its new income tax regime, a move that has triggered widespread debate over its potential to stifle investment or modernize tax fairness. Under the newly signed Nigeria Tax Act, 2025, capital gains for individuals …
The Defence Headquarters (DHQ) has dismissed reports claiming that 16 Nigerian Army officers were arrested over a supposed plot to overthrow President Bola Ahmed Tinubu. The rebuttal came after an online publication alleged that the arrests prompted the cancellation of Nigeria’s 65th Independence Anniversary activities. In Abuja on Sunday, Brigadier General Tukur Gusau, Director of …
Minister of Works, David Umahi, has said it is not yet the turn of the Southeast to produce Nigeria’s next president, urging the region to remain patient in its pursuit of the nation’s highest office. Umahi stated this in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja, stressing the importance …
The Nigeria Export Processing Zones Authority (NEPZA) has reaffirmed that all enterprises operating within the nation’s Free Trade Zones, including the Dangote Refinery are legally barred from industrial strikes and lockouts for a period of 10 years from the start of their operations. The Authority’s Managing Director, Dr. Olufemi Ogunyemi, made this clear in Abuja …
President Bola Ahmed Tinubu has signed into law the bill establishing the Nigeria Police Training Institutes, marking a significant step toward professionalising the nation’s law enforcement system. Senate President Godswill Akpabio announced the development during Tuesday’s plenary session, confirming that the President had formally granted his constitutional assent to the bill. “The Nigerian Police Force …
Vice President Kashim Shettima has restated the Federal Government’s determination to place micro, small, and medium enterprises (MSMEs) at the heart of Nigeria’s economic renewal agenda. He described MSMEs as the “lifeblood of the nation’s economy,” constituting about 80 per cent of businesses in the country. Shettima stated this while delivering his remarks at the …
Africa’s quest for permanent representation at the United Nations Security Council, long championed by President Bola Ahmed Tinubu, is now under active consideration, raising hopes for long-overdue reform of the world’s most powerful decision-making body. Vice President Kashim Shettima, standing in for President Tinubu, will on Wednesday deliver Nigeria’s national statement at the 80th United …
