Author: Ogochukwu Ndubuisi

Wale Edun, Minister of the Federal Ministry of Finance, has outlined a clear roadmap for investment-led growth, aimed at driving economic development and delivering tangible benefits to Nigerians.

Trump Announces Iran-Israel Ceasefire, Iran Cautious U.S. President Donald Trump has announced that Iran and Israel have agreed to a ceasefire after cloae to two weeks of violent conflict between the two countries. Trump took to his Truth Social on Monday evening to announce that both countries had agreed to a “complete and total ceasefire”. According to him, the ceasefire agreement is expected to take effect at 12 midnight local time but both Iran and Israel are yet to confirm any definite ceasefire agreement. However, Iran said its military operations “to punish Israel for its aggression continued until the very…

U.S. Embassy in Qatar Advises Americans to Stay Indoors The U.S. Embassy in Qatar on Monday recommended Americans to stay indoors until further notice for safety reasons amid the Israel-Iran conflict. “Out of an abundance of caution we recommend American citizens shelter in place until further notice,’’ the advisory said during the event. The advisory came after the U.S. strikes against three Iranian nuclear sites in Natanz, Fordo and Isfahan in the early hours of Sunday. U.S. President Donald Trump said after the attack that Tehran “must now agree to end this war’’ or face far more serious consequences. Iranian…

NPA Targets N1.28trn Revenue in 2025 The Nigerian Ports Authority (NPA) has set a revenue generation target of ₦1.28 trillion for 2025, representing a 40% increase from the ₦894.8 billion realised in 2024. NPA’s Managing Director, Abubakar Dantsoho, disclosed this during the 2025 budget defence session at the House of Representatives Committee on Ports and Harbours in Abuja. Dantsoho attributed the projected revenue to various sources, including ship dues (₦544.06 billion), cargo dues (₦413.06 billion), concession fees (₦249.69 billion), and administrative revenue (₦73.07 billion). He noted that the 2025 budget reflects NPA’s aspirations for a more efficient and globally competitive…

FAAN to Increase Tariffs, Scraps Cash Payments at Airports The Federal Airports Authority of Nigeria (FAAN) has announced plans to increase tariffs for all service providers across its airports. As part of its efforts to boost revenue generation, FAAN will also transition to an automated and contactless payment system, discontinuing cash payments at all payment points. According to Adebola Joy Agunbiade, Director of Commercial and Business Development at FAAN, the authority currently generates 92% of its revenue from aeronautical sources, while only 8% comes from non-aeronautical sources. She noted that this is in contrast to developed countries, which generate over…

Nigeria to Roll Out NIN-Linked Credit System for Enhanced Credit Evaluation The Nigerian government is launching a unified national credit system that links individuals’ credit scores to their National Identification Numbers (NIN). This initiative aims to promote transparency and accountability in the lending ecosystem, making it easier for financial institutions to assess creditworthiness and increasing access to loans for Nigerians. The system will enable financial institutions to access comprehensive and traceable credit profiles of customers seeking loans. Starting in July, eligible Nigerians can access up to ₦2 million in interest-free loans, in addition to other financing options at low, single-digit…

Iran-Israel War: ‘A Fire no One Can Control’, UN Warns UN Secretary-General António Guterres has warned that the ongoing violent conflict between Iran and Israel is “a fire no one can control” and risks spiralling out of control. Guterres also warned that the world stood on the edge of catastrophe as Israel’s military campaign inside Iran intensified and strikes on nuclear facilities threatened to trigger a catastrophe. The regional fallout is expanding, with missiles from Yemen’s Houthi forces targeting Israel and occupied Palestinian territory, while armed groups in Iraq are reportedly mobilising. In an address to the UN Security Council…

Iran Warns U.S. Against Involvement in Israeli Strikes, Urges Return to Diplomacy Iranian Foreign Minister Abbas Araghchi on Saturday warned that the U.S. participation in Israel’s ongoing attacks on Iran would be “very unfortunate” and “extremely dangerous for everyone.” Araghchi was speaking to reporters in Istanbul ahead of the 51st Session of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC) in Istanbul. He said: “Diplomacy worked in the past, it can work again. But to return to it, aggression must stop.” He emphasised Iran’s readiness for peaceful negotiations. “We are absolutely ready for a negotiated solution,…

Direct Flights from Abuja to London Heathrow Begin Oct. 26 – Keyamo Mr Festus Keyamo, the Minister of Aviation and Aerospace Development, says Air Peace will begin direct flights to London Heathrow Airport from Abuja on Oct. 26. Keyamo made this known in Abuja on Sunday in a statement signed by his Special Adviser on Media and Communications, Mr Tunde Moshood. According to him, the landmark achievement follows sustained diplomatic efforts by the Federal Government to enforce reciprocity in international air travel agreements. The minister said that the breakthrough was the result of a strongly worded letter from the ministry…

Pension Remittance Defaulters to be Blacklisted from Nov. 30 – PenCom The National Pension Commission (PenCom) has warned that organisations failing to comply with pension remittance obligations will be blacklisted starting Nov. 10. The Director-General of PenCom, Ms Omolola Oloworaran, issued the warning during the commission’s second-quarter media briefing in Lagos on Wednesday. Oloworaran noted that this was to reinforce PenCom’s adoption of its zero-tolerance approach to non-compliance with the Pension Reform Act of 2014. She said, “Moving on, it is now zero tolerance for non-compliance with the pension reform act of 2014. Effective immediately, PenCom has launched an uncompromising…