Author: Ogochukwu Ndubuisi

China Says World is at ‘Crossroads’ Between Peace and War China has warned against interference in its affairs and further disputes amid regional conflicts. “The world today stands at another crossroads: peace or war, dialogue or confrontation,” said Defence Minister Dong Jun at the opening ceremony of the Xiangshan Forum in Beijing on Thursday. Taiwan is indisputably part of China, he said, adding that the People’s Liberation Army is a powerful force capable of defending “reunification.” Beijing would never allow attempts at Taiwanese independence to succeed, Dong said. It is prepared to thwart any “external military interference” at any time,…

Tinubu Lifts Emergency Rule in Rivers, Fubara Resumes as Governor Thursday ‎ President Bola Tinubu has lifted the State of Emergency in Rivers State, and directed that Gov. Siminalayi Fubara, his deputy and members of the State House of Assembly to resume duties on Thursday. ‎In a statement released Wednesday in Abuja, the President said the decision followed the restoration of peace and order in the state. ‎“It therefore gives me great pleasure to declare that the emergency in Rivers shall end with effect from midnight today.” ‎”The Governor, His Excellency Siminalayi Fubara, the deputy governor, Her Excellency Ngozi Nma…

United Capital Plc Mourns Loss of Six Colleagues in Afriland Towers fire The Management and Staff of United Capital Plc has announced the passing of six of their colleagues, following the tragic fire incident at Afriland Towers on Tuesday, Sept. 16, 2025. This is contained in a statement made available to newsmen by the organisation on Thursday. “Our departed colleagues were not only valued members of our team but also cherished members of our United Capital family. “Their loss leaves an immeasurable void within our organisation and in the hearts of all who knew them. “We extend our deepest condolences…

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…