News
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Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that the country has saved approximately $20 billion by removing petrol subsidies and adopting market-based foreign exchange pricing. This significant saving is equivalent to 5% of Nigeria’s Gross Domestic Product (GDP). According to Edun, the removal of subsidies has not only […]
Lagos State Governor, Babajide Sanwo-Olu, has presented the 2025 Budget estimates to the Lagos State House of Assembly today. The budget, tagged “Budget of Renewal,” is estimated at N2.246 trillion. This development comes as the Federal Executive Council (FEC) has approved the 2025 Budget proposal of N47.9 trillion for Nigeria. Similarly, Oyo State Governor, […]
The Director General of the Safety Commission, Mr. Lanre Mojola, has called on Lagosians to take responsibility and be more safety-conscious as the end of the year approaches. Speaking over the weekend to journalists about safety in our environment and the current weather, which is excessive heat and dry conditions, Mr. Mojola emphasized that the […]
The Ondo State governorship election has come to a close, and the Independent National Electoral Commission (INEC) has declared Governor Lucky Aiyedatiwa of the All Progressives Congress (APC) as the winner ¹. This victory marks a significant milestone for the APC in the state. Aiyedatiwa’s win was nothing short of impressive, as he cleared all […]
Nigeria’s oil earnings are projected to experience a substantial boost, potentially reaching ₦6.9 trillion monthly, as the country’s oil production continues to rise. This development is expected to have a positive impact on the nation’s economy. The increase in oil production is attributed to the efforts of the Nigerian National Petroleum Company Limited (NNPC) to […]
In a significant gesture of corporate social responsibility, OPay, a leading fintech company, has awarded scholarships worth ₦12 million to 40 students of Ahmadu Bello University (ABU) Zaria. This generous initiative is part of OPay’s efforts to support education and empower young Nigerians. The scholarship program is designed to recognize and reward academic excellence among […]
Rivers State Governor, Nyesom Wike, has taken decisive action by suspending the Secretary of the Federal Capital Development Authority (FCDA), indefinitely. This move comes amidst ongoing investigations into alleged irregularities within the FCDA. Reasons Behind the Suspension: – Allegations of Misconduct: The FCDA Secretary is accused of engaging in activities that are detrimental to […]
Nigeria’s mining sector is gaining international recognition, with its vast mineral resources estimated to be worth over $1.8 billion (approximately ₦700 billion). This development has sparked interest from global investors, who are eager to tap into the country’s untapped mining potential. Key Minerals: – _Gold_: Nigeria has significant gold deposits, particularly in the northwestern […]
Nigeria’s economic reform agenda has received a significant boost, courtesy of Saudi Arabia’s commitment to provide a $5 billion bilateral trade facility. This development emerged from a high-level meeting between Saudi Crown Prince Mohammed bin Salman and President Bola Ahmed Tinubu. Key Highlights: – Enhanced Economic Cooperation: The two leaders discussed strategic partnerships in oil […]
The Nigerian Railway Corporation (NRC) has announced the introduction of extra train trips on Fridays and Saturdays along the Lagos-Ibadan route. This move aims to cater to the growing demand for convenient and affordable transportation between the two cities. Key Details: – Additional trips on Fridays and Saturdays – Increased frequency: 4 daily trips […]
