Nigeria’s External Reserves Rise by $540 Million in Two Weeks
Nigeria’s external reserves rose by $540.28 million in the last two weeks of October, climbing from $42.63 billion on October 13 to $43.17 billion on…
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U.S. Lawmakers Move to Sanction Nigerian Officials Over Alleged Christian Persecution
The United States Congress is considering the Nigeria Religious Freedom Accountability Act of 2025, a bill sponsored by Senator Ted Cruz that could impose sanctions…
Fuel Surcharge Won’t Take Effect Until Naira Strengthens or Oil Prices Fall — Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has clarified that the proposed 5% fuel surcharge will not…
Nigerians Lose ₦316 Billion to Ponzi Schemes as SEC Warns Against Greed and Ignorance
The Securities and Exchange Commission (SEC) has revealed that Nigerians have lost approximately ₦316 billion to Ponzi schemes and unregistered fund managers over the years,…
Tinubu Reduces Presidential Pardon List from 175 to 34 After Public Outcry
President Bola Ahmed Tinubu has drastically cut down the number of convicts approved for presidential pardon, reducing the list from 175 to just 34. The…
Court Orders Permanent Forfeiture of $49,700 Recovered from Former Sokoto REC
A Federal High Court sitting in Abuja has ordered the permanent forfeiture of $49,700 allegedly recovered from a former Resident Electoral Commissioner (REC) in Sokoto…
Court Orders Permanent Forfeiture of $49,700 Recovered from Former Sokoto REC
A Federal High Court sitting in Abuja has ordered the permanent forfeiture of $49,700 allegedly recovered from a former Resident Electoral Commissioner (REC) in Sokoto…
FIRS Imposes 10% Withholding Tax on Short-Term Investment Earnings
The Federal Inland Revenue Service (FIRS) has announced a new directive mandating banks, stockbrokers, and other financial institutions to begin deducting a 10% withholding tax…
Nigeria Introduces New $11.5 Aviation Levy for International Travellers Starting December 2025
Beginning December 1, 2025, all international passengers flying into or out of Nigeria will be required to pay an additional $11.50 levy per ticket under…
Farmers Blame Food Imports as Prices Crash Nationwide
Farmers and the Federal Government are at odds over the recent sharp drop in food prices across Nigeria, with both sides offering different explanations for…