The Nigerian naira concluded the trading week with a modest gain, appreciating to ₦1,598.72 per U.S. dollar at the official foreign exchange market on Friday, May 16, 2025. This reflects a ₦0.60k increase from Thursday’s rate of ₦1,599.32, marking a 0.03% appreciation, according to data from the Central Bank of Nigeria (CBN). Earlier in the
President Bola Ahmed Tinubu is set to depart Abuja for Rome on Saturday, May 17, to attend the inauguration Mass of Pope Leo XIV, following an invitation from the newly elected pontiff. The ceremony, scheduled for Sunday, May 18, at 10:00 AM local time in St. Peter’s Square, marks the formal commencement of Pope Leo
Nigeria’s inflation rate showed signs of easing in April 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The headline inflation rate dropped to 23.71% year-on-year, down from 24.23% recorded in March 2025, and significantly lower than the 33.69% rate observed in April 2024. On a
The National Association of Agricultural Students (NAAS), the apex body representing over two million agricultural students across Nigeria’s tertiary institutions, has expressed deep concern over the continued neglect and lack of engagement by the Federal Ministry of Agriculture. The students lamented their concerns in a statement signed by the National President of NAAS, Hon. Bashar
The Nigerian Senate has passed a bill requiring all Ministries, Departments, and Agencies (MDAs) to prioritize locally manufactured goods and services in their procurement processes. This legislative move aims to bolster indigenous industries, reduce foreign exchange outflows, and stimulate economic growth. Sponsored by Senator Patrick Ndubueze (APC, Imo North), the bill, designated as SB. 613
The Speaker of the House of Representatives, Tajudeen Abbas, has raised concerns over Nigeria’s port inefficiencies, stating that over 75 percent of goods offloaded in the Benin Republic are ultimately bound for Nigerian markets. Abbas made the remark on Wednesday while receiving a delegation from the Presidential Enabling Business Environment Council (PEBEC) at the National
The World Bank has raised red flags over the Nigerian National Petroleum Company Limited (NNPCL) for failing to remit half of the revenue generated from the removal of the petrol subsidy in 2024. According to its latest Nigeria Development Update (NDU), the NNPCL only remitted ₦600 billion out of a total ₦1.1 trillion in earnings
The Joint Admissions and Matriculation Board (JAMB) on Wednesday acknowledged the presence of errors that negatively impacted the performance of candidates in the 2025 Unified Tertiary Matriculation Examination (UTME). This admission was made by the Registrar of the Board, Prof. Ishaq Oloyede, during a press briefing held in Abuja. According to him, “What should have
There are career moments that make headlines, and there are those that make history. The announcement that Sandra Amachree has been appointed to the Cannes Lions 2025 Jury has ignited both applause and admiration, with creatives across Nigeria and beyond celebrating a figure whose mastery is finally getting its due spotlight. Renowned for her incisive
Mr Aiyenuro Joshua, of the T-Jos Signature Nigeria, has declared his intention to set a world record in the Guinness Book for the longest haircut in the world. The barbing marathon has been scheduled to hold from June 10 to June 17 at the Velodrome of the Moshood Abiola National Stadium, Abuja. Joshua, who is
