The University of Nigeria, Nsukka (UNN) has condemned the tragic killing of a guest, Mr. Chiebonam Nweze, during a students’ social event on its campus last Friday. The incident occurred on September 12, 2025, at a bonfire night organised by the Department of Archaeology and Heritage Studies. According to the university management, the event was…
Nigeria recorded an upswing in its external trade position in the second quarter of 2025, as the country’s trade surplus widened by 44.3% to N7.46 trillion, up from N5.17 trillion in the previous quarter. This is according to the latest Foreign Trade in Goods Statistics report by the National Bureau of Statistics (NBS). The report…
The Oyo State government has showcased its investment potential at the ongoing Intra-African Trade Fair (IATF 2025) in Algiers, Algeria, joining other Nigerian states in projecting the nation’s economic strengths at the continental level. The Commissioner for Investment, Trade, Cooperatives, and Industry, Hon. Adeniyi Adebisi, who led the Oyo State delegation to the trade fair,…
The Federal Government has officially gazetted Nigeria’s new tax reform laws following President Bola Tinubu’s assent to the legislations on June 26, 2025. A statement signed by the Personal Assistant on Special Duties to the President, Kamorudeen Yusuf, on Wednesday, confirmed the publication of the four legislations: the Nigeria Tax Act 2025, Nigeria Tax Administration…
Contrary to the speculation that the five per cent fuel tax recently muted by the Federal Government will take effect from 1 January 2026, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has stated there are no indications that this will happen. Oyedele, speaking on Channels Television’s The Morning…
The naira appreciated strongly on Monday at both the official and parallel foreign exchange markets, opening the new week on a positive note. Data from the Central Bank of Nigeria showed that the naira gained significantly, closing at N1,506.84 per dollar on Monday, compared to N1,514.87 on Friday. This indicates that the currency strengthened by…
The United States Government has provided $32.5 million to the World Food Programme (WFP) to support food and nutrition programmes in Nigeria. This was disclosed in a statement issued on Wednesday by Aishah Gambari of the U.S. Embassy in Abuja. It explained that the donation was aimed at ensuring the provision of food and nutrition…
The West African Examinations Council has reaffirmed its plan to migrate the West African Senior School Certificate Examination to a fully computer-based testing format by 2026. Head of WAEC’s National Office, Dr. Amos Dangut, gave the assurance on Tuesday during a sensitisation meeting with members of the National Assembly Committee on Education in Abuja. He…
Forex traders have attributed the recent exchange rate stability to the success of Nigeria’s currency swap agreement with Chinese traders now collecting naira for its currency, the yuan, instead of dollars. They also identified P2P (Peer-to-Peer) foreign currency trade as one of the factors that is contributing to the stability of the naira. Peer-to-peer foreign…
Nigeria’s private sector recorded its strongest expansion in over a year and a half, as the Stanbic IBTC Bank Purchasing Managers’ Index (PMI) rose to 54.2 in August, up from 54.0 in July, marking a 19-month high in new order growth and a four-month high in output. The PMI reading, which has remained above the…