Armed bandits have killed five soldiers and 10 villagers in an ambush along the Lilo–Gulubba Road, under Mada District of Gusau Local Government Area, Zamfara State. The incident, which occurred on Monday, targeted a convoy of traders being escorted to Gusau market by troops. At a press briefing on Wednesday at the Nigeria Union of…
The Central Bank of Nigeria (CBN) has announced the introduction of the Electronic Foreign Exchange Matching System (EFEMS), for Foreign Exchange (FX) transactions in the Nigerian Foreign Exchange Market (NFEM). According to a statement by Omolara Duke, Director, Financial Markets Department , the EFEMS will be implemented not later than Dec.1. Duke said that the…
Some capital market experts have lauded President Bola Tinubu for signing the Investments and Securities Act (ISA, 2025) into law. Some of the experts who spoke with the News Agency of Nigeria (NAN) in Abuja on Sunday, expressed optimism that the Act would help promote and sanitise the country’s capital market. They appealed to the…
Nigeria is stepping up efforts to attract foreign investment into its oil and gas sector, with the government pledging competitive incentives and policy stability to win back companies that had previously withdrawn from the market. Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), made the remarks in Abuja on Friday during talks with…
The European Commission will soon present a plan for the EU’s complete abandonment of Russian fossil energy resources, spokesperson for climate action and energy Anna-Kaisa Itkonen said on Monday. “The roadmap to wean the European Union off Russian fossil fuels is being crafted. “It was announced as something that the Energy Commissioner will present within…
The late former President Muhammadu Buhari has been described as towering figure in the nation’s history. Retired Vice Admiral Awwal Gambo, former Chief of Naval Staff, disclosed this in a tribute to the late leader on Tuesday in Abuja. He said that the late president’s death was not just for his immediate family, but for…
Germany’s conservative Christian Democratic Union (CDU) is questioning the effectiveness of the European Union’s current asylum system amid the country’s ongoing migration policy debate. CDU lawmaker Thorsten Frei criticised the EU-wide agreement known as the Dublin Regulation, which stipulates that in general the country the refugee first enters is responsible for processing their application for…
The ministerof defence for State Bello Matawalle has charged participants of the National Defence College Course 33 to apply the knowledge and skills they have acquired in addressing the nation’s security challenges. He gave the charge at the Graduation Dinner and Award Night organised for the participants of the 11-month strategic course on Wednesday in…
Nigeria must examine its conscience and confront the roots of insecurity and corruption, the Catholic Archbishop of Abuja, Most Rev. Dr. Ignatius Kaigama, has said, stressing that the country cannot continue to shield leaders who loot national resources while citizens suffer. Preaching at St. Luke’s Catholic Church in Kubwa during the Feast of Christ the…
The European Commission will not extend the duty-free import of goods from Ukraine beyond June 5, spokesperson Olof Gill announced on Wednesday. “The autonomous trade measures with Ukraine expire on June 5. The Commission does not intend to extend them beyond that date,” Gill told reporters. He added that the EU’s current priority was to…
