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  By Esther Ososanya   Onuzurike Oluomachi, a prominent Nigerian entrepreneur and CEO of BO Hair Extension and Accessories, recently made headlines as the first African woman to acquire the futuristic Tesla Cybertruck. But in a country still grappling with unreliable power, deteriorating roads, and economic hardship, her ₦400 million purchase raises a deeper question: …

By Esther Ososanya Enticingly flavoured and deceptively marketed as a safer alternative, electronic cigarettes are swiftly gaining ground among young Nigerians—fuelling a silent addiction crisis as regulation stalls and public awareness remains alarmingly low. Vaping is the act of inhaling vapour produced by an electronic device, typically called a vape pen, e-cigarette, or mod.  These …

By Esther Ososanya The International Monetary Fund (IMF) has commended Nigeria’s monetary and fiscal authorities for implementing critical reforms that have boosted macroeconomic stability and driven down inflation to 23 percent. In its Article IV report released Tuesday, the IMF said Nigeria’s Central Bank maintained an appropriately tight monetary policy stance and urged it to …

By Esther Ososanya The Federal Capital Territory (FCT) Police Command has clarified details surrounding the armed robbery incident that occurred in Zone E, Apo Resettlement, on June 23, 2025, cautioning against the spread of misinformation that could derail ongoing investigations. The development was made public via an official press release signed by the FCT Police …

By Esther Ososanya The Nigerian Meteorological Agency (NiMet) has predicted widespread thunderstorms and rainfall across the country from Monday through Wednesday. In its three-day weather outlook released on Sunday in Abuja, NiMet forecast early morning thunderstorms over parts of Sokoto, Kebbi, Zamfara, Taraba, Adamawa, and Kaduna States, while the rest of the northern region would …

By Esther Ososanya The Executive Secretary of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin, has announced an aggressive strategy to remove longstanding obstacles frustrating sugar self sufficiency in Nigeria. Addressing stakeholders at a tripartite meeting involving the Ministry of Industry, Trade and Investment, and major operators of the Backward Integration Programme (BIP), Bakrin …

By Esther Ososanya The Minister of State for Finance, Dr. Doris Uzoka-Anite, has said Nigeria needs to strengthen its domestic revenue mobilisation capacity to support sustainable national development, particularly as global economies move away from reliance on commodities. Speaking on Tuesday in Abuja through Mrs. Ndidi Chineyolum, a director in the ministry, at the TaxADR …

Tinubu Nominates Taiwo Oyedele as Minister of State for Finance, Redeploys Doris Anite-Uzoka

By Sunday Michael Ogwu Nigeria is set to sign more than 30 Memoranda of Understanding (MoUs) with Brazil during a landmark three-day state visit by Brazilian Vice President Geraldo Alckmin. The visit marks the Second Session of the Nigeria–Brazil Strategic Dialogue Mechanism (SDM), aimed at deepening bilateral ties between the two largest economies in Africa …

Minister of Industry, Trade, and Investment, Dr Jumoke Oduwole receiving the Vice president of Brazil, Geraldo Alckmin, on arrival to the country

Ubong Usoro The Chairman of the Nigerian Exchange Group (NGX Group), Alhaji (Dr.) Umaru Kwairanga, has called on West African countries to deepen regional cooperation to unlock the region’s untapped trade and investment potential. Speaking at the 2025 West Africa Economic Summit (WAES) in Lagos, themed “Unlocking Trade and Investment Opportunities in the Region,” Dr. …

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