The Economic Community of West African States (ECOWAS) has launched four major initiatives valued at around €110 million, designed to enhance regional peace and stability, facilitate institutional reforms, and boost trade within the sub-region. These projects, funded by the European Union (€82.5 million), Germany (€26 million), and other partners, are part of the ECOWAS Peace,…
The Lagos State Police Command has confirmed that Pastor Paul Adefarasin, founder of the House on the Rock Church, has presented himself for questioning regarding a viral video that appeared to show him holding a gun-like object during a roadside encounter. The Command, in a post shared via its official X (formerly Twitter) account on…
On Tuesday, the Senate confirmed that the National Assembly has transmitted the tax reform bills to President Bola Tinubu for his assent. This confirmation coincided with Tinubu signing three new bills in Abuja, which has increased the total number of bills he has enacted during the 10th Assembly to 55. Sen. Yemi Adaramodu, the Chairman…
The All Progressives Congress (APC) stakeholders in Adamawa have expressed their confidence in the administration led by President Bola Tinubu. During a meeting of party executives in Hong on Tuesday, the stakeholders pledged their support for the re-election of the president in 2027, emphasising the need for the continued delivery of democratic benefits. Mr Salihu…
The federal government has unveiled the registration portal for the upcoming 2025 National Youth Conference, dubbed Youth Confab 2025. This initiative was announced by Ayodele Olawande, the Minister of Youth Development, during a press briefing in Abuja on Monday. He underscored that the conference will be led by youth, non-partisan, and inclusive, aiming to gather…
According to the Organisation of the Petroleum Exporting Countries (OPEC), Nigeria has solidified its status as Africa’s leading crude oil producer, even as production experienced a slight dip in May. In its latest monthly report, OPEC revealed that Nigeria’s oil output fell to 1.45 million barrels per day (bpd) from 1.48 million bpd the previous…
The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported that the Tertiary Education Trust Fund (TETFund) accrued around N1.024 trillion from the Education Tax over the last five years. Dr. Ogbonnaya Orji, NEITI’s Executive Secretary, made this announcement during a Memorandum of Understanding (MoU) signing in Abuja, referencing findings from NEITI’s industry reports regarding Nigeria’s…
Al-Hilal is reportedly ready to extend an astonishing €50 million (approximately N89 billion) annual salary to entice Victor Osimhen to make the switch from Napoli. Just last week, Osimhen rejected an already impressive offer of €30 million (around N54 billion) per season. This came after Al-Hilal had agreed to activate the €75 million release clause…
Nigeria’s foremost capital market entities have unveiled strategic initiatives aimed at bolstering cross-border investments, particularly between Nigeria and China. The Nigerian Exchange Group (NGX Group) and the Securities and Exchange Commission (SEC) have indicated that their ongoing engagements in China are part of a broader strategy to enhance Nigeria’s integration with global financial markets and…
Iran has told mediators from Qatar and Oman that it will not consider a ceasefire or enter negotiations while Israeli attacks continue, a senior official familiar with the discussions said on Sunday. The stance underscores the heightened tensions as both countries escalate military actions, sparking fears of a broader regional conflict. According to the source,…
