ABUJA — After several months of high borrowing, credit extended to the Federal Government dropped significantly to N23.55 trillion in April 2025 — the lowest figure recorded in the past 12 months, according to the latest data from the Central Bank of Nigeria (CBN). The reduction signals a shift in the government’s borrowing strategy, potentially
Oando Plc has posted a significant profit of N220.1 billion for the financial year ended December 31, 2024, representing a strong rebound from the N60.3 billion profit reported in 2023. The Group’s revenue surged to N4.09 trillion, up from N2.85 trillion in the previous year, driven by improved performance across its core businesses, including exploration
In a bold move aimed at modernising its immigration framework and bolstering both tourism and international business travel, the Federal Government of Nigeria has officially introduced a revamped e-Visa system set to take effect in 2025. This digital transformation initiative, according to authorities, is tailored to simplify visa processing while reinforcing national security in line
In furtherance of its commitment to supporting vulnerable residents and delivering inclusive governance, the Lagos State Government has disbursed financial assistance to 250 beneficiaries under the “Sanwo-Olu Listens” Social Welfare Programme. The beneficiaries, drawn from across the five divisions of Lagos, Ikeja, Badagry, Ikorodu, Lagos Island, and Epe, received cheques in various amounts based on
The Lagos State Government has onboarded 10 additional Ministries, Departments, and Agencies (MDAs) onto its e-Procurement platform, marking another significant milestone in its commitment to enhancing transparency, efficiency, and accountability in public procurement processes. The onboarding process was accompanied by an intensive training programme for procurement officers and relevant staff, aimed at ensuring a seamless
The Corps Marshal of the Federal Road Safety Corps (FRSC), Shehu Mohammed, mni, joined a gathering of national thought leaders at the VON Forum 2025, an initiative of the Voice of Nigeria. The Corps Marshal was in attendance at the invitation of the Director-General of VON, marking another significant step in the FRSC’s ongoing efforts
As President Bola Ahmed Tinubu’s administration marks two years in office, the presidency has been hailed as a “Diamond Presidency”, a metaphorical emblem of resilience, clarity of purpose, and transformative leadership. This chronicle seeks to encapsulate the defining traits, policies, and milestones of the Tinubu administration in shaping Nigeria’s national outlook. Vision Rooted in Reform
The National Youth Service Corps (NYSC) has once again reiterated its call for Nigerian graduates undergoing the mandatory one-year national service to shift their attention away from overdependence on white-collar jobs and instead embrace entrepreneurship as a pathway to personal growth and national development. This charge was delivered during an address to corps members at
The Institute of Chartered Accountants of Nigeria (ICAN) has officially inaugurated its 61st President, reaffirming its dedication to professionalism, transparency, and integrity in Nigeria’s financial and accounting sectors. The inauguration ceremony, held at ICAN’s Victoria Island headquarters, was attended by leading figures in finance, government, and academia. The new president, whose tenure begins at a
Mrs. Hafsat Abubakar Bakari, Chief Executive Officer of the Nigerian Financial Intelligence Unit (NFIU), led a delegation on a courtesy visit to the Honourable Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, at the Ministry’s headquarters in Abuja. The visit aimed to strengthen collaboration between the NFIU and the Ministry in combating financial crimes and
