Nigeria’s foreign trade reached a remarkable N36 trillion in the first quarter of 2025, as reported by the National Bureau of Statistics (NBS). The statistics indicate exports totalled N20.598 trillion, while imports stood at N15.426 trillion, leading to a substantial surplus of N5.172 trillion. Dominating the export figures were crude oil sales at N12.955 trillion,…
Senator Adams Oshiomhole, head of the Senate Committee on Interior, spoke out on Wednesday to deny accusations that he disrupted Air Peace’s operations, clarifying that he had instead taken a stand against preferential treatment and prevalent extortion within the airline industry. Air Peace previously claimed that Oshiomhole’s late arrival for Flight P47120, set for 6:30…
Key economic experts, government officials, entrepreneurs, industry leaders, policymakers, and professionals are preparing to convene in Kigali, the capital city of Rwanda, for the 100 Most Notable Africans Leadership and Business Summit 2025. This summit, set to occur from 4th to 6th July at the Marriott Hotel, Kigali, aims to facilitate discussions around Africa’s economic…
Nyesom Wike, the Federal Capital Territory (FCT) Minister, has stated that the outstanding initiatives led by President Bola Ahmed Tinubu, especially within the FCT, have effectively undermined the coalition seeking to challenge his administration in the 2027 elections. Prominent opposition figures, including former Vice-President Atiku Abubakar, have been attempting to create a coalition; however, they…
Elon Musk, the tech billionaire, has shown remorse for his recent social media remarks concerning US President Donald Trump, marking a significant decline in their once-strong relationship. In a post on X, the platform he owns, Musk recognised that he had crossed a line during their online conflict. “I regret some of my posts about…
A new report reveals that from 2019 to 2023, more than one million refugees hailing from eight countries with high asylum acceptance rates were issued entry permits to 38 countries. The report, authored by the UN Refugee Agency and the Organisation for Economic Co-operation and Development, titled “Safe Pathways for Refugees,” indicates that these permits…
Crypto Bridge Exchange (CBEX), a Ponzi scheme that absconded with investors’ funds earlier this year, has reinstated depositors’ balances on Tuesday as investigations by Nigerian authorities intensify. The Economic and Financial Crimes Commission (EFCC) had previously launched an investigation into the disappearance of deposits, assuring the public of its commitment to recovering the lost funds….
Senator Orji Uzor Kalu of Abia North has asserted that the Deputy Speaker of the Federal House of Assembly, Rt Hon. Benjamin Kalu, cannot continue in a dual role of leader and observer. In a recent discussion at his home, Kalu encouraged Benjamin Kalu to openly declare his gubernatorial ambitions if he intends to run….
President Vladimir Putin’s regime has promised to offer not less than 500,000 scholarships to international students, including Nigerians to study in Russia. Russia’s ambassador to Nigeria, Andrey Podelyshev, disclosed this while briefing journalists on Monday night in Abuja, on the sidelines of the embassy’s preparation to commemorate the Russia Day on June 12. The ambassador…
The Obidient Movement is poised for a vigorous resurgence as leading political figures assemble in Abuja on Tuesday, June 10, 2025, for a pivotal event entitled “The Renaissance of the Obidient Movement.” This significant occasion will showcase Mr. Peter Obi, the Labour Party’s presidential candidate from 2023; Governor Alex Otti of Abia State; and Senator…
