Two Nigerian entrepreneurs, Manzo Nyifamu Ogechi and Solape Akinpelu, have been named finalists for the 2025 Aurora Tech Award, competing for a $30,000 prize. The award, organized by inDrive, celebrates women-led startups driving innovation in fintech, agrotech, and other sectors. The winner...
Nigeria ranked sixth in the 2024 Global Terrorism Index, with 565 deaths linked to terrorism. Despite a 37% drop in attacks, fatalities increased by 6%. Boko Haram and ISWAP remain major threats, with the Sahel region accounting for over half of global terrorism deaths. Weak governance fuels...
President Bola Tinubu appoints Adeladan Olarinre and Mukhtar Muhammed as permanent secretaries to fill federal vacancies. The selections follow a merit-based process, reinforcing the administration’s commitment to transparency and excellence in public service.
President Bola Tinubu has...
The Central Bank of Nigeria (CBN) appointed 16 directors to enhance operations across key departments. The move aims to improve policy, regulatory, and supervisory functions, ensuring economic stability and innovation. New leaders include heads of IT, banking services, monetary policy, and...
Nigeria ranks as Africa’s third-largest external debtor, according to Afreximbank’s latest report. The country accounts for 8% of the continent’s total external debt, which has reached $1.16 trillion. The report urges economic diversification and sustainable borrowing to manage rising debt...
The naira’s recent rally against the US dollar, driven by Central Bank of Nigeria (CBN) reforms, has put dollar savers at risk of investment losses. Analysts warn that continued naira appreciation may further devalue dollar holdings. Experts urge investors to reassess strategies as Nigeria's...
President Bola Tinubu has appointed Shamsedeen Babatunde Ogunjimi as the new Accountant-General of the Federation, effective March 7, 2025. Ogunjimi, a financial expert, emerged through a rigorous selection process. Tinubu urges him to uphold transparency and accountability in managing Nigeria’s...
The Federal Government has approved 11 new private universities in Nigeria, granting provisional licenses after a rigorous evaluation. Education Minister Dr. Tunji Alausa confirmed the moratorium on further approvals. The FEC also sanctioned ₦733 billion for infrastructure projects, including...
The Federal Government has launched the Treasury Management & Revenue Assurance System (TMRAS) to replace REMITA, improving revenue collection and financial transparency. According to Punch, TMRAS will roll out in two phases, automating tax deductions and enforcing budget control. REMITA will...
A group of American investors has petitioned President Tinubu over the demolition of their ₦375bn real estate investment in Lagos for the coastal highway project. They demand intervention, warning that such actions could erode investor confidence and call for legislative protections for foreign...
NNPC has reduced petrol prices to N880 per litre in Abuja and N860 per litre in Lagos, following Dangote Refinery’s price cuts. This reduction, which comes amid economic challenges, is expected to ease fuel costs for Nigerians. Other stations like MRS and Heyden have also adjusted their prices...
Dangote Refinery has dropped petrol prices below ₦900 per litre, intensifying competition with NNPC. MRS, Ardova, Heyden, and Enyo stations now offer cheaper fuel nationwide. As motorists rush to benefit, industry experts predict a shift in Nigeria’s fuel market dynamics. Will NNPC respond with...
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