June 15, 2025
Lagos, Nigeria

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Economy Headlines

Economic Growth: Tinubu Reiterates Committment to Comprehensive Tax reforms

President Bola Tinubu has reiterated his commitment in undertaking bold and comprehensive reforms to reposition the country’s fiscal architecture for resilience, inclusiveness and economic growth. Tinubu said this during the 27th Annual Chartered Institute of Taxation of Nigeria (CITN) Tax Conference in Abuja on Tuesday. The theme of the conference was, “Taxation for development, policies,

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Headlines

FG Outlines Solutions to Tackle Irregular Migration from Africa to Europe

The Federal Government has identified three key steps to take in addressing the menace of irregular migration from Africa to Europe. Prof. Nentawe Yilwatda, the Minister of Humanitarian Affairs and Poverty Reduction gave the solutions on Tuesday, at the opening of the first thematic meeting of the Rabat Process in Abuja. Nigeria assumed chairmanship of

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News

Oshiomhole to Abati: ‘Don’t Hide Behind TV; Let’s Fight It Out’

Senator Adams Oshiomhole has publicly challenged Arise TV anchor and former presidential spokesperson, Dr. Reuben Abati, to a physical confrontation over comments he deemed “disrespectful” and “mischievous.” The altercation stems from a recent episode of Arise TV’s The Morning Show, where Abati questioned former Delta State Governor Ifeanyi Okowa’s defection to the All Progressives Congress

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Politics

Lagos APC’s Local Government Primaries Spark Widespread Discontent

The All Progressives Congress (APC) in Lagos State is currently facing significant internal challenges following its recent local government primaries. Numerous party members and aspirants have expressed dissatisfaction, alleging the imposition of candidates and a lack of transparency in the selection process. Protests have erupted across various local government areas, including Ikeja, Somolu, Yaba, and

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Economy

World Bank and Nigerian Government Clash Over 2025 Budget Assumptions Amid Economic Uncertainties

The World Bank has raised concerns over Nigeria’s 2025 budget projections, describing the government’s assumptions of producing 2.06 million barrels of oil per day at $75 per barrel as overly optimistic. This skepticism stems from Nigeria’s current production levels, which hover around 1.6 million barrels daily, and the prevailing international oil price of approximately $60

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Economy Headlines

MCO Secures N10.9bn Revenue in Q1 – DG

The Mining Cadastre Office (MCO) says it has generated N10.9bn between January and April 2025. The Director-General of the MCO, Mr Stephen Nkom, disclosed this in a statement issued by the Head of Press of the organisation, Mrs Grace Okeke, on Sunday in Abuja. Nkom explained that the achievement was due to the reforms introduced

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Headlines News

Ports Authority Denies Corruption Allegations, Cites Strict Budgetary Provisions

The General Manager, Corporate and Strategic Communications of the Nigerian Ports Authority’s (NPA), Ikechukwu Onyemekara has denied allegations of corruption, insisting that misapplication of budgetary provisions is impossible under its strict regulatory framework. Speaking in Lagos recently, Onyemekara stated that the Authority’s budget and spending undergo close monitoring by the Ministry of Marine & Blue

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Headlines

Russia to Provide Military Supports to Nigeria

The Minister of Defence of the Russian Federation, Andrey Belousov, has expressed the preparedness of Russia to provide the necessary military assistance to the Armed Forces of Nigeria. Belousov gave the assurance when the Chief of Defence Staff of Nigeria (CDS), Gen. Christopher Musa, paid him a courtesy visit in Moscow. The Director, Defence Information,

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Politics

PDP Inaugurates 39 New Members Into Board of Trustees

Peoples Democratic Party (PDP) on Monday inaugurated 39 new members of its Board of Trustees (BoT). The BoT Chairman, Sen. Adolphus Wabara, while inaugurating the new members at the party’s national secretariat in Abuja, said that they were nominees of states and zones. Wabara said that the nomination of the new members was based on

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News

Ogoni Group to Tinubu: Investigate Missing $300M Compensation Fund

The Ogoni Liberation Initiative (OLI), a grassroots advocacy group, is calling on President Bola Tinubu to launch an independent investigation into the alleged diversion of a $300 million compensation fund meant for Ogoni communities over the Oil Mining Lease (OML) The fund, reportedly paid by the Nigerian National Petroleum Company Limited (NNPCL) under the leadership

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