Nigeria has recorded a trade surplus of N5.81tn in the third quarter of 2024, reflecting a remarkable rise in export earnings, according to the latest data from the National Bureau of Statistics. However, the surplus recorded in Q3 2024 is far lower than the N6.95tn trade surplus recorded in the previous quarter. The NBS in…
President Bola Ahmed Tinubu has approved a six-month ban on the export of raw shea nuts to curb informal trade, protect local processors, and reposition Nigeriaās shea industry for greater value addition. Vice President Kashim Shettima, who announced the directive at a multi-stakeholder meeting in Abuja, said the temporary measure, subject to review, aims to…
The federal government is proposing a major shift in the distribution of funds from the Federation Account Allocation Committee (FAAC). This was revealed by Mr. Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, in a statement on his X (formerly Twitter) handle. Oyedele disclosed that the federal government is set to…
Garba Koko, a member of the house of representatives, has defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC). Tajudeen Abbas, speaker of the house, announced Kokoās defection in a letter read on the floor of the lower legislative chamber on Wednesday. Koko represents Besse/Maiyama Yema federal constituency of Kebbi state….
The Finnish Government has released two suspects arrested alongside Simon Ekpa for alleged subversive activities, The Nation reports. Ekpa, a separatist leader, was arrested on 21 November, 2024, along with four others for alleged terror-related activities, including incitement to violence and terrorism financing in Nigeria. He was subsequently remanded in prison by the district court…
The lawmaker representing Delta Central Senatorial District at the National Assembly, Senator Ede Dafinone, has expressed sorrow over the death of the President-General of Okuama community in Ughelli South Local Government Area, Pa James Oghoroko, who reportedly died in military detention on December 4, 2024. In a statement made available to journalists in Warri, Delta…