In a statement that sought to calm frayed nerves across the nation, the Federal Government insisted this week that the much‑talked‑about five‑percent fuel surcharge is not a new levy on Nigerians but a measure already enshrined in law since 2007 under the Federal Roads Maintenance Agency (FERMA) Act. The presidential committee on fiscal policy, led
Abuja, Nigeria | September 8, 2025 The National Counterterrorism Centre (NCTC) of Nigeria has signed a landmark Memorandum of Understanding (MoU) with the African Union (AU), creating a new framework for collaboration in combating terrorism and violent extremism across the continent. The agreement, sealed on Monday, is designed to enhance cooperation in intelligence-sharing, policy coordination,
Abuja, Nigeria | September 9, 2025 Nigeria has officially published its long-awaited tax reform laws in the government gazette, a landmark step towards restructuring the nation’s fiscal framework. The sweeping reforms, signed into law by President Bola Tinubu on June 26, 2025, introduce a modernized structure for taxation, administration, and revenue collection across Africa’s largest
Abuja, Nigeria | September 9, 2025 The Nigerian Senate has declined the request of Senator Natasha Akpoti-Uduaghan to resume her legislative duties, insisting that her return can only follow the conclusion of her ongoing appeal case. Akpoti-Uduaghan, who represents Kogi Central, has been embroiled in a prolonged legal battle over her election victory. While earlier
Lagos, Nigeria | September 9, 2025 Consumer goods giant, PZ Cussons Nigeria Plc, has bounced back to profitability, posting a remarkable ₦10 billion profit after a turbulent period of foreign exchange-induced losses. The company, which had struggled in recent years due to naira volatility and rising operating costs, attributed its strong turnaround to relative stability
London, UK | September 9, 2025 Britain’s Business and Trade Secretary, Kemi Badenoch, has warned that the United Kingdom could face a repeat of the 1976 economic crisis if urgent measures are not taken to restore market confidence and curb fiscal instability. Speaking during a policy dialogue in London, Badenoch drew parallels between the country’s
Lagos, Nigeria | September 9, 2025 The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has declared that its ongoing strike action will not be suspended until the labour dispute with the Dangote Group is fully resolved. In a statement issued on Tuesday, the union said the industrial action, which has disrupted operations in
Lagos, Nigeria | September 9, 2025 A magistrate court in Lagos has sentenced two bakery workers to community service after they were found guilty of stealing loaves of bread from their employer. The defendants, identified as bakery staff in the Agege area, were arraigned on charges of theft following a complaint by the bakery owner,
Lagos, Nigeria | September 9, 2025 Petroleum product operators have indicated plans to increase pump prices following the continued closure of private depots across the country, a development that has heightened supply concerns. According to industry sources, the prolonged shutdown of depots is driving up ex-depot costs, leaving marketers with limited access to supplies. This
Abuja, Nigeria | September 9, 2025 The Commonwealth Scholars and Fellows Alumni Association of Nigeria (COSFAN) has expressed deep concern over the state of Nigeria’s education system and the country’s broader governance challenges, urging urgent reforms to prevent further decline. Speaking during a stakeholders’ forum in Abuja, the association noted that the current trajectory of
