Author: Blessing Ajibuwa
Page: 2
The House of Representatives has reaffirmed its commitment to ending the persistent scourge of crude oil theft, which is costing Nigeria an estimated $79.4 million daily. Deputy Speaker Hon. Benjamin Okezie emphasized the need for enhanced legislative oversight, targeted laws, and support for regulatory agencies to address security challenges in the petroleum sector. *Key […]
French President Emmanuel Macron has called for a significant increase in France’s defense budget to strengthen national security and global influence. The proposed budget hike faces challenges in parliament, where there are ongoing debates about budget disputes and deficit reduction. Macron’s plan aims to modernize France’s military and meet NATO commitments amid rising global tensions. […]
The Federal Inland Revenue Service (FIRS) will hold a two-day conference on July 22-23, 2025, in Abuja, to address tax evasion and illicit financial flows (IFFs). The conference aims to devise solutions for enhancing revenue collection and curbing IFFs, particularly from multinational corporations. The event will bring together policymakers, tax administrators, law enforcement agencies, and […]
Niyi Yusuf, Chairman of the Nigerian Economic Summit Group (NESG), has emphasized the need for responsible and inclusive AI adoption in the banking sector. He highlighted the importance of trust in banking, advocating for explainable, transparent AI systems and local innovation to foster inclusion. According to Yusuf, trust is crucial in banking, and AI systems […]
Nigeria and Egypt have agreed to enhance their diplomatic relationship and establish a comprehensive partnership aimed at addressing shared challenges and fostering development. The agreement was reached during the third round of political consultations between Yusuf Tuggar, Nigeria’s Minister of Foreign Affairs, and Badr Abdelatty, Egyptian Foreign Minister, in Cairo, Egypt. *Key Highlights:* – […]
US President Donald Trump has reignited tensions with the BRICS nations, threatening to impose a 10% tariff on countries aligning with the bloc’s “anti-American” policies. The Trump administration released tariff letters detailing punitive tariff rates for 14 countries, with tariffs ranging from 25% to 40%. The move has sparked concerns over rising tariffs, trade wars, […]
Dangote Refinery and other major fuel distributors in Nigeria have reduced petrol prices following a decline in global crude oil prices. The price drop reflects improved global oil supply stability, benefiting Nigerian consumers. *Price Details:* – *New Prices*: Petrol is now sold at N875 to N890 per litre in Lagos and Ogun States. – […]
The Central Bank of Nigeria (CBN) has raised concerns that rising input costs across key sectors could spark a new wave of consumer price inflation. According to the CBN’s June 2025 Purchasing Managers’ Index (PMI) report, businesses are currently absorbing these costs, but this trend is unlikely to be sustainable in the long term. […]
The Federal Government of Nigeria has launched a $32.8 billion initiative, dubbed Mission 300, to provide electricity to 300 million unserved Africans. Minister of Power, Chief Adebayo Adelabu, announced that $15.5 billion of the investment is expected from the private sector. The plan aims to transition the sector to a cost-reflective tariff system while introducing […]
The Nigerian Postal Service (NIPOST) has pledged to intensify its efforts to combat the use of courier services for illicit activities, including drug trafficking. In a recent statement, NIPOST’s Director of Corporate Communications, Franklin Alao, emphasized the agency’s commitment to regulating the sector with integrity, transparency, and accountability. *Key Highlights:* – *Crackdown on Illicit […]
