Governor Mohammed Umar Bago of Niger State has called on residents to rise and defend themselves against bandit attacks, declaring that his administration will neither negotiate nor pay ransom to kidnappers. Gov. Bago, who made the declaration during a visit to Rijau and Magama Local Government Areas, both recently hit by bandit incursions in the …
The Dangote Refinery and Petrochemicals has revealed plans to sell five to 10 per cent of its stake on the Nigerian Exchange (NGX) Limited within the next year. Aliko Dangote, the founder of Dangote Group, reportedly hinted at this in an interview with S&P Global on October 20. He said the move will mirror the approach …
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said Nigeria currently has the capacity to produce more than two million barrels of crude oil per day and would seek an upward review of the country’s production quota at the next meeting of the Organisation of Petroleum Exporting Countries (OPEC) in November. Currently, Nigeria’s …
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has announced a record ₦1.86 billion recovery from the disposal of forfeited assets in 2024, the highest sum ever recorded since the Commission was established. The disclosure was made at the 2025 meeting of the Asset Disposal Committee in Abuja, following the presentation of a …
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 …
In Anambra State, political campaigns are taking a new turn, and money appears to be at the centre of it. Since Governor Chukwuma Soludo declared his intention to seek a second term in office, communities, associations, and political groups across the state have launched an aggressive wave of endorsements backed with millions of naira in …
Mineral development expert Dr Femi Salami has highlighted the need for African nations to harness their vast mineral endowments to become a tool for sustainable economic and strategic global power. Dr Salami, who spoke at different fora during the World Bank/International Monetary Fund (IMF) 2025 Annual Meetings in Washington DC, United States, pointed out that …
Nigeria has been faced with the most complicated form of inflation, where all the possible types are evident at the same time, said a development economist, Ken Ife. Ife, who appeared on Channels Television’s The Morning Brief on Monday, October 20, described the current inflation pressure as a complex case of stagflation, a rare economic …
The hot sun beats down on Nigeria's farmlands, drying up the once fertile soil. Dust sweeps across fields that used to be full of life. Maize plants are broken, cassava tubers are rotting under the intense heat, and rice paddies are dried up, with no water left to help the crops grow. From Niger to …
The key messaging from Nigeria’s delegation at the 2025 International Monetary Fund/World Bank annual meeting in Washington DC is that Nigeria's economic reform agenda is yielding tangible results, steering the nation toward stability, inclusiveness, and innovation-driven growth. According to Mr Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN) and the Leader of the …
