Tokyo, Japan – Nigeria and Japan have strengthened their energy partnership, following a recent visit to Japan by Nigerian Minister of Power, Adebayo Adelabu, and a delegation. The visit, organized by the Japan International Cooperation Agency (JICA), focused on collaboration and…
ABUJA – The Nigerian government has firmly rejected claims that the nation faces imminent food scarcity. Minister of State for Agriculture, Aliyu Abdullahi, stated this position Tuesday evening during an appearance on Channels Television’s Politics Today program. Abdullahi emphasized President Bola Tinubu’s early…
Forward Operating Base (FOB) Igbokoda operatives dismantled a large illegal refining camp in Ondo State, seizing stolen crude oil and refined diesel. The raid occurred in the Ojumoka riverine community, Ilaje Local Government Area. The illegal refining camp contained 12,000 liters of stolen crude…
The National Assembly amended the 2025 Budget on Tuesday, moving ₦500 billion from capital expenditure to recurrent expenditure. The total budget remains ₦54.99 trillion. The shift corrects errors found during the budget process. Statutory transfers remain at ₦3.64 trillion, and debt service…
ABUJA, Nigeria – Nigeria’s inflation rate decreased to 24.48% in January 2025, a sharp drop from 34.80% in December 2024, the National Bureau of Statistics (NBS) reported. The NBS attributed the change to a rebased Consumer Price Index (CPI). The new CPI…
Abuja, Nigeria – The Federal Inland Revenue Service (FIRS) began its tax evasion trial against cryptocurrency exchange Binance on Monday at the Federal High Court in Abuja. Justice Emeka Nwite presided over the case, where FIRS presented its first witness. The FIRS alleges that Binance failed to…
ABUJA, NIGERIA – Nigeria’s oil production has risen significantly, reaching 1.75 million barrels per day (bpd), following a sharp decline in oil theft. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reported that theft has been reduced to 5,000 bpd as of January 2025.…
The Socio-Economic Rights and Accountability Project (SERAP) has demanded the Central Bank of Nigeria (CBN) immediately reverse its recently announced ATM transaction fee increase. SERAP issued the demand to CBN Governor Olayemi Cardoso, calling the hike “unlawful.” The new fees, slated to…
The Nigerian National Petroleum Company Limited (NNPC) has strongly denied allegations that it sells substandard petrol. NNPC spokesperson, Olufemi Soneye, dismissed the claims as “false and misleading” in a statement released Saturday. The statement directly addressed a recent viral video. The…
The Central Bank of Nigeria (CBN) has confirmed the N100 ATM withdrawal fee for transactions under N20,000 at banks other than the card issuer’s. The CBN also issued a warning to banks against imposing maximum withdrawal limits below N20,000 per transaction. The…
