Abuja, Nigeria | Tuesday, September 16, 2025 Ekiti State has emerged as the first South-Western state to lead Nigeria’s inflation chart following the recent rebasing of the Consumer Price Index (CPI) by the National Bureau of Statistics (NBS). The latest inflation figures show that Ekiti recorded the highest year-on-year inflation rate among all states, surpassing
Abuja, Nigeria | Tuesday, September 16, 2025 The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has urged Nigerian women to take a more prominent role in the fight against corruption, stressing that their involvement is critical to building a transparent and accountable nation. Olukoyede made the call during a stakeholders’
Abuja, Nigeria | Tuesday, September 16, 2025 The Economic Community of West African States (ECOWAS) has reaffirmed its commitment to strengthening economic and social integration across the region with the advancement of the Praia–Dakar–Abidjan motorway project. The ambitious transnational road network is expected to link Cape Verde’s capital, Praia, with Dakar in Senegal and Abidjan
Doha, Qatar | Tuesday, September 16, 2025 Muslim leaders from across the Arab and Islamic world have called for urgent collective action to counter what they described as Israel’s “treacherous” aggression and expansionist ambitions. The call was made at the ongoing Arab–Islamic Summit in Doha, Qatar, convened in response to last week’s Israeli airstrike on
Abuja, Nigeria | Tuesday, September 16, 2025 Nigeria’s pension industry continues to exhibit a high level of concentration, with just five Pension Fund Administrators (PFAs) controlling almost half of total pension assets under management (AUM). According to latest data from the National Pension Commission (PenCom), the top five PFAs managed a combined ₦11.58 trillion as
Abuja, Nigeria | Tuesday, September 16, 2025 The Federal Government has ordered the immediate suspension of the 4% Free on Board (FOB) levy recently introduced by the Nigeria Customs Service (NCS), following widespread concerns raised by industry stakeholders. The Ministry of Finance, which announced the decision on Tuesday, explained that the suspension came after extensive
Abuja, Nigeria | Tuesday, September 16, 2025 The Nigeria Customs Service (NCS) has announced an extension of the clearance window for overtime cargoes from 90 days to 120 days, in a move aimed at easing port congestion and supporting trade facilitation across the country. The development was confirmed on Tuesday in Abuja by the Comptroller-General
Abuja, Nigeria | Tuesday, September 16, 2025 A Federal High Court in Abuja has ordered the final forfeiture of $7 million discovered in a vault at Providus Bank to the Federal Government. The ruling, delivered on Tuesday, followed an application filed by the Economic and Financial Crimes Commission (EFCC), which argued that the funds were
In a fresh development within the ranks of the Nigeria Police Force, Superintendent of Police (SP) Abimbola Adebisi has been appointed as the new Public Relations Officer (PPRO) for the Lagos State Police Command. The announcement was made public by his predecessor, SP Benjamin Hundeyin, who confirmed the transition via his official communication channels earlier
The Federal Inland Revenue Service (FIRS) has dismissed claims that Nigerians will be required to obtain a separate Tax Identification Number (TIN) before opening or maintaining a bank account. The clarification follows public concerns sparked by reports suggesting that, from January 2026, every Nigerian must present a TIN to access banking services. Arabinrin Aderonke Atoyebi,
