The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, has raised alarm over the escalating trade tensions between the United States and China. She warned that the ongoing tariff war could slash merchandise trade between the two countries by up to 80%. She cautioned that this dramatic drop would not only strain bilateral relations but
The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said Nigerians would soon heave a sigh of relief as the pump price of Premium Motor Spirit, popularly called petrol, is expected to drastically reduce due to the continuation of crude and refined product sales under the naira initiative by the
President of the African Development Bank (AfDB) Group, Dr. Akinwumi Adesina, has commended the United Bank for Africa (UBA) for its longstanding role in advancing economic development across Africa. Speaking during a courtesy visit to the UBA UK Limited office in London on Wednesday, Dr. Adesina emphasized the importance of building bridges between international financial
The Federal Government has instituted a mechanism to assess, monitor, and enhance the performance of State-Owned Enterprises (SOEs) in Nigeria. The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, made this known at the inauguration of the Corporate Governance Scorecard, organised by the Ministry of Finance Incorporated (MOFI) in partnership with
Renowned businessman and founder of the now-defunct Diamond Bank Plc, Pascal Gabriel Dozie, has died at the age of 85. His death was confirmed in a statement released by his family on Tuesday, April 8, 2025. The statement, signed by his son Uzoma Dozie, described the late patriarch as a devoted husband, father, grandfather, and
President Bola Tinubu has dismissed the board of the Nigerian National Petroleum Company (NNPC) Limited, including its Group Chief Executive Officer, Mele Kyari, and Board Chairman, Pius Akinyelure. The decision, which takes effect from April 2, 2025, was announced in a statement by presidential spokesperson Bayo Onanuga. According to the statement, the move aims to
If you’re a corps member and had already been dreaming about painting the town red with your new ₦77,000 allowance, I’m sure by now you’ve had a reality check. The second month of the year has come and gone, and the credit alert everyone received is still the same old ₦33k. But Wait, Weren’t We
President Bola Tinubu has assured all 774 fellows of the National Health Fellows Programme of automatic employment upon completing their one-year tenure. “You are hired,” Tinubu declared during the programme’s official launch at the State House Conference Centre, Abuja, on Thursday. Approved by the President in April 2024 as part of his Renewed Hope Agenda,
For more than five decades, the south-east of Nigeria has carried the weight of an unfulfilled promise—one that many feared would remain an unspoken footnote in the nation’s history. The scars of the Nigerian Civil War left more than just a physical imprint on the region; they underscored a lingering economic disparity that successive administrations
Abuja, Nigeria – Nigeria’s foreign exchange (FX) reserves declined by $1.31 billion in February 2025, despite a notable appreciation of the naira against major foreign currencies. Data from the Central Bank of Nigeria (CBN) shows that the reserves fell from $39.72 billion on January 31 to $38.42 billion by February 28, marking a 3.3 percent
