Customers of various banks have continued to lament over the numerous debit alerts from their accounts in spite of their appeals to banks. Some of them who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday, ,ppealed to the Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) and other…
The Ministry of Finance Incorporated (MOFI) has announced that the Federal Government’s investment assets—valued at ₦38.3 trillion—are currently undergoing a comprehensive audit and reform process aimed at strengthening transparency and corporate governance in public enterprises. The Chief Executive Officer of MOFI, Dr. Armstrong Takang, disclosed this during the inauguration of the 2025 Guidelines on Corporate…
The International Monetary Fund (IMF) has projected global economic growth at 3.0 per cent in 2025 and 3.1 per cent in 2026, as significant policy changes continue to shape the global economic landscape. This is contained in the IMF’s July 2025 World Economic Outlook (WEO) Update, titled “Global Economy: Tenuous Resilience amid Persistent Uncertainty”, released…
The Abuja Electricity Distribution Company (AEDC) has announced that its technical team is working tirelessly to restore electricity to several areas in the Federal Capital Territory (FCT) currently experiencing power outages. In a statement posted on its verified Twitter handle on Monday, the company attributed the outage to a technical fault. “Dear valued customers in…
Vice-President Kashim Shettima has revealed that Nigeria is harnessing Artificial Intelligence (AI) and other modern technologies to improve food production, enhance transparency, connect producers to markets, and reduce waste across the agricultural value chain. Shettima made this statement during the opening session of the United Nations Food Systems Summit Stocktake (UNFSS+4), held on Monday in…
Vice-President Kashim Shettima has arrived in Addis Ababa, Ethiopia, to attend the second United Nations (UN) Food Systems Summit, taking place from July 27 to 29. According to the News Agency of Nigeria (NAN), Shettima’s aircraft touched down at the Bole International Airport around 4:26 p.m. local time, where he was received by Ethiopia’s Deputy…
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…
