Author: Ogochukwu Ndubuisi

FG Disburses N330bn to Vulnerable Nigerians- Edun The Federal Government has disbursed N330 billion cash transfers to poor and vulnerable Nigerians through the National Social Safety-Net Coordinating Office (NASSCO). The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, disclosed this on Wednesday in Abuja at a meeting of the Special Presidential Panel on Social Investment Programme. He said that the intervention was part of President Bola Tinubu’s programmes to help the poorest and the vulnerable through the difficulties caused by the increase in the price level as a result of the necessary reforms put in place.…

Capital Market Critical to Nigeria’s Mining Growth – Alake The Minister of Solid Minerals Development, Dr Dele Alake, has described the capital market as critical to facilitating a sustainable mining sector. Alake said this at a webinar on “Unlocking Nigeria’s Solid Minerals Potential through the Capital Market” on Wednesday. The webinar was organised by the Solid Minerals Development Fund (SMDF) in partnership with the Nigerian Association of Securities Dealers (NASD) OTC Securities Exchange Alake was represented by Amira Waziri, his Senior Advisor on Mining and Policy. He said that through the capital market, long-term financing for exploration and project development…

Nigeria-UK Trade Value Hits N16trn, Highest Ever—High Commissioner British High Commissioner to Nigeria, Richard Montgomery, says the trade value between Nigeria and Britain, which currently stands at 7.9 billion pounds (16 trillion naira) has hit an unprecedented level. Montgomery made this known in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja. He lauded the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP)which he said boosts trade relations by removing non-tariff trade and investment barriers to foster cooperation in priority sectors. According to him, the ETIP, which also promotes collaboration with the Developing Countries Trading Scheme (DCTS),…

EU Commission Proposes Extensive Sanctions on Israel The European Commission has proposed far-reaching sanctions on Israel, including the suspension of certain trade preferences that covered roughly a third of Israeli goods exported to the EU. This is in response to military operations in the Gaza Strip. “We all agree that the situation in Gaza continues to head in the wrong direction. “We must leverage the tools at our disposal to pressure the Israeli government into changing course,” said European Union chief diplomat Kaja Kallas on Wednesday. An internal EU review had concluded that Israel’s actions in the embattled territory violate…

FX Watch: CBN, Dangote Export Flows Unleash Naira’s Potential The naira has started to claw back value against the dominant US dollar at the official window. The local currency broke the psychological barrier this week and stayed strong thereafter. A channel check conducted by MarketForces Africa for FX sales to local banks showed some tier-1 banks priced the naira for buy at N1468 per dollar. At the official window, the naira closed the day at N1484 per dollar. For what it worth, the CBN has done a good job with positive investors’ sentiment. Dangote Refinery exports flows have also helped…

Ongoing Reforms Will Refocus Financial Stability, Stimulate Productivity – CBN The Central Bank of Nigeria (CBN) says it is pursuing economic reforms aimed at refocusing financial system stability and stimulating productivity. The CBN Governor, Olayemi Cardoso, who disclosed this on Tuesday at its fair, holding in Kano, said it’s working hard to deepening financial inclusion and sustaining monetary and price stability. The theme of the fair is: “Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth and Accelerated Economic Development.” Speaking through Mrs Hakama Sidi, Acting Director, CBN Corporate Communications Department, Cardoso said the role of Small and Medium…

FG Introduces Single-Window Platforms for Land Registration, Agricultural Credit Vice-President Kashim Shettima says President Bola Tinubu’s administration is introducing single-window platforms for land registration, strengthening agricultural credit systems, expanding irrigation infrastructure, and scaling mechanisation. Shettima said this in Abuja on Tuesday during the Food and Agriculture Organisation of the United Nations (FAO) National and Subregional Hand-in-Hand Investment Forum. He announced fresh incentives to boost agricultural investment under President Tinubu’s Renewed Hope Agenda. According to him, it is part of ongoing reforms to unlock Nigeria’s vast food production potential through new policies that serve as a game-changer for agriculture and infrastructure…

Fuel Queues Now History – Dangote President, Dangote Petroleum Refinery, Alhaji Aliko Dangote, says the nation’s 50 years battle with fuel queues has ended, following one year of petrol production at the company’s 650,000 barrels-per-day facility. Speaking in Lagos on Tuesday at a news conference to mark the refinery’s first anniversary of petrol production, Dangote said that Nigerians, who had endured persistent shortages since 1975, were now witnessing “a new era”. “We have been battling fuel queues since 1975, but today Nigerians are seeing real change,” he said. Dangote revealed that the project was fraught with risks, noting that lenders…

Lagos Assembly Seeks Financial Autonomy for LG Legislatures The Lagos State House of Assembly has urged Gov. Babajide Sanwo-Olu to mandate the Ministry of Local Government & Chieftaincy Affairs to develop a framework for independent financing of local government legislatures. The House also called on the governor to support council autonomy and ensure training of councillors on financial management. The resolution followed a motion sponsored by Mr Ganiu Sanni (Kosofe 1) at Tuesday’s plenary, which was presided over by the Speaker, Mr Mudashiru Obasa Commenting on the motion, Obasa emphasised the need for financial independence of LG legislatures to strengthen…

FG Sues Sowore, Facebook, X, for Allegedly Cyberbullying President Tinubu The Federal Government, on Tuesday, sued a politician, Omoyele Sowore, for allegedly cyberbullying President Bola Tinubu. The FG, in the suit marked: FHC/ABJ/CR/484/2025, also joined Mata (Facebook) Incorp. and X Incorp. as defendants at the Federal High Court in Abuja. The criminal charge dated Sept. 16, was filed by Mohammed Abubakar, Director of Public Prosecutions, Federal Ministry of Justice. In the five-count charge, Sowore, the Publisher of Sahara Reporters, was alleged to have made a false claim against the person of the President by referring to him as “a criminal.”…