News

A policy think tank, the Independent Media and Policy Initiative (IMPI), has expressed skepticism over the International Monetary Fund’s (IMF) recent downgrade of Nigeria’s economic growth forecast to 3% for 2025. The group’s chairman argued that the Nigerian economy has undergone significant diversification beyond oil, with substantial growth in non-oil exports, making the IMF’s forecast […]

  The Federal Government has taken a significant step towards improving access to clean water in Yobe State with the commissioning of the N5.7 billion Gashua Water Supply Scheme. This project, inaugurated by the Minister of Water Resources and Sanitation, is designed to provide clean water to over 1 million residents in Gashua and surrounding […]

  The National Emergency Management Agency (NEMA), through its Lagos Operations Office, in partnership with key humanitarian and immigration stakeholders, received 203 vulnerable Nigerian returnees from Libya on Monday, April 28, 2025. The returnees arrived at the Murtala Muhammed International Airport, Lagos, at about 7:00 p.m. aboard a chartered Al Buraq Air flight. The group […]

The Nigerian Customs Service (NCS), Area 2 Command in Onne, Rivers State, has announced that it generated over N190 billion in revenue during the first quarter of 2025. Comptroller Mohammed Babandede, the Customs Area Controller, disclosed this at a news briefing in Onne.   In addition to the revenue generated, the Command also seized 20 […]

The Nigerian currency showed signs of weakness during midweek trading at the unofficial market, despite improvements in the country’s official market.   The naira traded at N1,620 to $1, compared to N1,605 to $1 the previous day, indicating a depreciation.   However, traders remain cautiously optimistic as the spot market reflects a stronger naira value […]

The Federal Road Safety Corps (FRSC), Ogun Sector Command, has urged motorists to strictly adhere to traffic regulations during the Easter celebration to ensure safety and reduce accidents on the roads. The call was made by Mr. Memee Timothy, the Ifo Unit Commander, who stressed the dangers of speeding, wrongful overtaking, driving against traffic, overloading, […]

  President Bola Tinubu has declared a national emergency on food security, calling for the expansion of irrigation infrastructure and inclusive water resource management. He made this known during the 6th African Regional Conference on Irrigation and Drainage held in Abuja. Represented by Secretary to the Government of the Federation, George Akume, the President stressed […]

The inaugural Indian Trade Expo 2025, organized by the High Commission of India, Abuja, in association with the Indian Professionals Forum, was held at the Landmark Event Centre in Lagos, Nigeria, aimed to foster stronger economic ties between Nigeria and India. The event served as a platform for discussions on overcoming challenges such as trade […]

The World Bank may approve a total of $1.13 billion in loans for Nigeria before the end of March 2025. The loans are part of ongoing efforts to support Nigeria’s economic resilience, health security, and education reforms. According to information published on the World Bank’s website, three key projects are at the stage of negotiation, […]

The Nigeria Employers’ Consultative Association (NECA) has strongly condemned the Financial Reporting Council of Nigeria (FRC) over the imposition of high annual dues on private and non-quoted companies. In a statement, NECA warned that the move could cripple businesses and stifle economic growth. According to NECA, the new policy significantly increased the annual dues of […]