Nigeria exceeded its OPEC crude oil production quota of 1.5 million barrels per day (bpd) in June, marking the second time it has surpassed the allocation in 2025. OPEC’s Monthly Oil Market Report (MOMR) for July, 2025, obtained by the News Agency of Agency of Nigeria (NAN) revealed that Nigeria recorded 1,505mbpd crude oil production…
Lesetja Kganyago, South African Reserved Bank (SARB) governor said U.S. tariffs on South Africa could cause around 100,000 job losses, with the agriculture and automotive sectors hardest-hit. Kganyago told local radio station 702 that the impact of the 30 per cent tariff, which Africa’s biggest economy faces from August 1, could cause significant damage to…
The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo has inaugurated Enugu Air, a state-owned commercial airline established by the Governor Peter Mbah Administration with three Embraer airplanes for a start. While recalling Mbah’s persistence and energy in bringing Enugu Air to reality, the Minister described him as “an incredible, performing governor”, noting that…
European Commission President Ursula von der Leyen spoke with U.S. President Donald Trump on the phone on Sunday as a deadline to settle a dispute over customs duties approaches. “They have had a good exchange,’’ a commission spokesman said on Monday, without providing any further details. In April, Trump paused special levies on imports from…
Nasarawa State House of Assembly on Monday assured the affected teachers of the recovery their money from the former Chairman, Teachers Service Commission (TSC), Mohammed Gada and others involved in the alleged employment scandal. Mr Daniel Ogazi, the Chairman, ad hoc committee investigating the recent employment of more than 3,000 teachers gave the assurance when…
President Donald Trump said the U.S. would impose an additional 10 percent tariff on countries aligning themselves with the “anti-American policies” of the BRICS group of developing nations. Leaders of the BRICS group kicked off a summit in Brazil on Sunday. With forums such as the G7 and G20 groups of major economies hamstrung by…
The International Monetary Fund (IMF) has commended the Central Bank of Nigeria (CBN) over its monetary policy reforms, which are significantly contributing to the nation’s economic recovery. IMF gave the commendation was its 2025 Article IV Consultation report on Nigeria. The fund commended the Federal Government for bold and politically difficult policies that had improved…
The Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola, has urged the Governing Board of National Inland Waterways Authority (NIWA) to maintain clear boundaries between governance and management for operational integrity and efficiency. Oyetola said this during the inauguration of the 11-member board on Wednesday in Abuja. The minister said that the board was…
Chinese President Xi Jinping will not be attending the upcoming summit of the BRICS group of emerging economies, Foreign Ministry spokeswoman Mao Ning announced in Beijing on Wednesday. Prime Minister Li Qiang will travel to this year’s meeting in Brazil, she said. No reason was given for Xi’s absence. The Kremlin has announced that Russia…
The Federal Government has appointed Dr Ayoade Alakija, a globally respected health advocate and Chair of the Board of FIND, as its Ministerial Global Envoy on Antimicrobial Resistance (AMR). The Coordinating Minister of Health and Social Welfare, Prof. Muhammad Ali Pate, made the announcement on Tuesday in Abuja. Pate said that the appointment was in…
