August 1, 2025 African airlines recorded a 6.2% increase in cargo capacity in June 2025, even as overall demand for air freight dropped by 3.9% year-on-year, according to the latest report from the International Air Transport Association (IATA). The report highlighted a regional contrast between rising operational capability and shrinking demand, reflecting a complex operating
August 1, 2025 MTN Nigeria is on the verge of fully recovering from the substantial foreign exchange (FX) losses that have weighed heavily on its financial performance in recent quarters. The telecoms giant announced that, barring any further currency shocks, it is just one quarter away from erasing the impact of the naira’s sharp devaluation
August 1, 2025 Wema Bank Plc has recorded a remarkable 229% surge in profit for the first half of 2025, driven by significant growth in interest income and strong operational performance across its digital and retail banking segments. According to the bank’s unaudited financial results released to the Nigerian Exchange Group (NGX), profit before tax
Katsina, August 1, 2025 The Katsina State Government has approved a comprehensive funding package totaling ₦23.8 billion to drive major development projects across the state, with allocations targeting infrastructure, healthcare, internal security, and tourism enhancement. The approval was announced following the State Executive Council meeting presided over by Governor Dikko Umaru Radda, who reaffirmed his
Abuja, August 1, 2025 The National Bureau of Statistics (NBS) has revealed a sharp increase in the average cost of refilling a 5-kilogram cylinder of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, which rose to ₦8,323.54 in June 2025. This figure marks a significant month-on-month increase from the ₦7,577.35 recorded in May 2025,
August 1, 2025 The recent allocation of land by the Akwa Ibom State Government for the establishment of a Forward Operational Base (FOB) for the Nigerian Air Force (NAF) marks more than just a ceremonial handover, it is a powerful testament to growing civil-military collaboration in safeguarding Nigeria’s sovereignty and critical national assets. As Nigeria
The Oyo State House of Assembly on Thursday passed a N299.8 billion supplementary budget, expanding the state’s 2025 fiscal plan from N684.1 billion to N984 billion. Lawmaker Sunkanmi Babalola, Chairman of the House Committee on Budget, Finance and Appropriation, explained that the additional funds would cover critical projects omitted in the original budget.
Former Education Minister Oby Ezekwesili has strongly criticized the National Assembly’s ongoing constitutional amendment process, calling it a wasteful exercise that fails to address Nigeria’s fundamental governance problems. Speaking at the 7th Penpushing anniversary lecture in Lagos on Wednesday, the activist described the parliamentary review as “a conduit pipe to waste public funds” that
Patients at Kaduna’s National Ear Care Centre are facing unbearable conditions as a nationwide nurses’ strike leaves them without critical care. The federal health facility, normally bustling with activity, has become a scene of distress with admitted patients struggling to receive basic medical attention. When our reporter visited on Thursday, patients shared harrowing accounts
The President of the Islamic Republic of Iran has issued a stark warning about the country’s deepening water crisis, revealing that major dams supplying the capital city, Tehran, could run completely dry in a matter of months if urgent measures are not taken. The alarming disclosure has sparked nationwide concern, with environmental experts and government
