ABUJA, July 24, 2025 – The Federal Government has finally approved the payment of pensions to retired workers of defunct Nigerian aviation agencies, ending a prolonged 22-year struggle marked by advocacy, hardship, and repeated appeals. The Minister of Aviation and Aerospace Development, Festus Keyamo, announced the breakthrough on Wednesday in Abuja, confirming that President Bola
ABUJA, July 24, 2025 Nigeria’s international passport has made a significant leap in global mobility rankings, climbing to the 88th position, its highest ranking in five years, according to the latest report by Henley & Partners. The 2025 Henley Passport Index, which measures the travel freedom of passports based on the number of destinations holders
ABUJA, July 24, 2025 The Federal Government has announced plans to launch a groundbreaking digital platform that will connect Nigerian academics in the diaspora with universities and research institutions across the country. The platform, which aims to harness global expertise for national development, is scheduled for official unveiling on Sunday, July 28, 2025. According to
ABUJA, July 24, 2025 The Nigerian naira continued its downward slide on Wednesday, depreciating to ₦1,537 per US dollar at the official Nigerian Autonomous Foreign Exchange Market (NAFEM), as foreign exchange pressures persist despite recent monetary tightening by the Central Bank of Nigeria (CBN). According to data from the FMDQ Exchange, the local currency lost
LAGOS, July 24, 2025 Dangote Sugar Refinery Plc has posted a net profit of ₦523.8 million for the second quarter of 2025, marking a notable turnaround from the losses recorded in the previous quarters and signalling renewed momentum in the company’s financial performance. The Q2 result, released on the Nigerian Exchange (NGX), reflects the company’s
LAGOS, July 24, 2025 – Lagos State Governor Babajide Sanwo-Olu has intensified efforts to secure nationwide support for the ₦500 billion “Produce for Lagos” Offtake Guarantee Fund, a groundbreaking initiative aimed at addressing food security and empowering agribusinesses across Nigeria. During a strategic engagement held at the Lagos House in Marina, Sanwo-Olu met with key
ABUJA, July 24, 2025 The face-off between electricity distribution companies (DisCos) and state governments over the recent tariff hike has intensified, as the DisCos have reportedly turned down invitations for dialogue from several state authorities seeking a review of the new electricity pricing framework. This development follows public outrage in many parts of the country
In a strongly worded press conference in Lagos, the Nigerian Insurers Association (NIA) has dismissed allegations by the House of Representatives’ Ad-hoc Committee that insurance firms defrauded the federal government of N200 billion. According to NIA Chairman Eddie Efekoha, there is “no N200 billion fraud anywhere,” cautioning that the committee has not been fully briefed on how insurance
LAGOS, July 24, 2025 The Nigeria Employers’ Consultative Association (NECA) and prominent economists have expressed support for the Central Bank of Nigeria’s (CBN) continued tight monetary policy stance, even as the Lagos Chamber of Commerce and Industry (LCCI) raised concerns over its impact on businesses. The CBN, earlier this week, retained the Monetary Policy Rate
Saudi Arabia has formally kicked off its inaugural pilot of fully autonomous taxis in Riyadh, marking a major stride toward realising AI‑driven urban mobility under its Vision 2030 reforms. The initiative began on July 23, 2025, with Level‑4 robotaxis deployed across seven strategic locations such as King Khalid International Airport (Terminals 2 and 5), Princess Nourah Bint Abdulrahman
