Author: Faith Utubor
The Debt Management Office (DMO) has announced plans to raise N200 billion through a bond auction. The offering includes the reopening of the June 2032 bond at 17.95% and a new five-year FGN AUG 2030 bond. The auction takes place Monday, with settlement on Wednesday. Minimum subscription is pegged at N5,000, with semi-annual interest payments. […]
The Academic Staff Union of Polytechnics (ASUP) has given the Federal Government a 21-day ultimatum, threatening to embark on a nationwide strike if long-standing demands remain unresolved. ASUP Zone B Coordinator, Innocent Simji, announced this after an emergency NEC meeting held on August 14 in Bauchi. The issues raised include unpaid salary arrears, […]
Nigeria and the Republic of Benin have signed a historic Memorandum of Understanding on August 18, 2025, to strengthen collaboration between local governments and traditional authorities along their shared border. The grassroots-focused agreement, aligned with AU and ECOWAS frameworks, seeks to tackle cross-border crimes, boost economic development, and revive cultural ties disrupted by colonial-era boundaries. […]
US Treasury Secretary Scott Bessent warned that additional tariffs could be imposed on India if President Donald Trump’s meeting with Russian President Vladimir Putin in Anchorage, Alaska, on Friday fails to yield progress on a Ukraine ceasefire. The US has already imposed a 50% tariff on Indian imports, including a 25% penalty for India’s […]
New Hampshire Capital, a key Meter Asset Provider, has introduced new pricing for prepaid meters under the Meter Asset Provider (MAP) scheme for Ikeja Electric customers. Effective from August 6 to October 6, 2025, single-phase meters are priced at N124,000, and three-phase meters at N215,000, both inclusive of installation costs. Oluwakemi Omirin, […]
President Bola Tinubu’s administration has pledged to restore Nigeria’s struggling steel industry, targeting the revival of key facilities like the Ajaokuta Steel Company and National Iron Ore Mining Company in Itakpe. Announced at the National Steel Stakeholders’ Summit in Abuja, the initiative aims to produce 10 million tonnes of liquid steel by 2030, create […]
President Bola Tinubu has ordered a review of revenue deductions by agencies like the Federal Inland Revenue Service (FIRS), Nigeria Customs Service, and NNPC to increase public savings and drive economic growth. Announced at the Federal Executive Council meeting, the directive targets inefficiencies, including NNPC’s 30% management and exploration fees. Finance Minister […]
The Federal Government has unveiled plans to enhance interagency coordination and deepen community engagement as central pillars of the revised National Counter-Terrorism Strategy 2025. At a validation workshop in Abuja, National Coordinator of the National Counter-Terrorism Centre, Major General Adamu Laka, emphasized the strategy’s focus on a whole-of-government and whole-of-society approach, incorporating prevention, resilience, and […]
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