Abuja, Nigeria | September 8, 2025 – Nigeria may face fresh economic strain following OPEC+’s decision to ramp up global oil supply, a move that could further pressure the country’s already fragile revenue base. The oil cartel, which met on Sunday, agreed to increase crude output by 137,000 barrels per day beginning next month. This
Lagos, Nigeria | September 8, 2025 – Union Bank of Nigeria Plc has announced plans to attract a core investor as part of its post-merger restructuring, following the successful integration of TitanTrust Bank into its operations. The development comes after the Central Bank of Nigeria (CBN) granted final regulatory approval, officially sealing the merger deal.
Lagos, Nigeria | September 8, 2025 – Nigeria has now become the biggest market for the Human Papillomavirus (HPV) vaccine in Africa, according to Dr. Modupe Akinyinka, Managing Director of MSD (Merck Sharp & Dohme) Nigeria. Speaking during a stakeholder engagement on women’s health, Dr. Akinyinka attributed the milestone to the Federal Government’s nationwide HPV
Awka, Nigeria | September 8, 2025 – The Anambra State Police Command has uncovered and shut down an illegal factory in Okpoko, Ogbaru Local Government Area, that was producing counterfeit soft drinks under unhygienic conditions. Police spokesperson, SP Tochukwu Ikenga, confirmed the raid, stating that the operation followed credible intelligence reports. He explained that officers
Abuja, Nigeria | September 8, 2025 – The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) over its proposal to increase the salaries of President Bola Tinubu, state governors, lawmakers, and other public office holders. In the suit lodged before the Federal High Court
Lagos, Nigeria | September 8, 2025 – Governor Babajide Sanwo-Olu has hailed the nomination of Lagos as the host city for the upcoming Intra-African Trade Fair (IATF), describing it as a historic milestone that affirms the state’s growing influence as Africa’s commercial hub. The IATF, a flagship event of the African Export-Import Bank (Afreximbank) in
Lagos, Nigeria | September 8, 2025 – Nigeria’s foreign exchange (FX) market recorded total inflows of $2.80 billion in August, reflecting renewed confidence and stronger domestic participation, according to figures released by the FMDQ Exchange. The report showed that the inflows, a combination of local and foreign sources, underscore the continuing resilience of the Nigerian
Abuja, Nigeria | September 8, 2025 – The Nigeria Customs Service (NCS) Board has approved a new duty-free limit for low-value imports, in a move aimed at easing trade, reducing costs for small businesses, and encouraging compliance within the importation process. The development, announced after the Board’s meeting in Abuja, sets a threshold for low-value
Abuja, Nigeria | September 8, 2025 – President Bola Ahmed Tinubu has reiterated his administration’s commitment to strengthening security through the establishment of state police, as he met with governors from the North-East region in Abuja. At the meeting held inside the Presidential Villa, the President emphasized that tackling insecurity requires a more localized and
Abuja, Nigeria | September 8, 2025 – The Federal Government has directed the mandatory geo-tagging of all Point-of-Sale (PoS) terminals across the country as part of fresh measures to tackle electronic fraud and boost transparency in digital transactions. The initiative, led by the Central Bank of Nigeria (CBN) in collaboration with security and financial sector
