Author: Ogochukwu Ndubuisi

FG Targets Higher Value From Non-Oil Exports The Federal Government says it will sustain growth in non-oil exports by promoting value addition, expanding markets and improving export competitiveness. The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, made this known during an interview with the News Agency of Nigeria on Tuesday in Abuja. Oduwole also said that the government was focusing on attracting more long-term productive foreign investment while sustaining reforms to strengthen investors’ confidence. She said that Nigeria recorded two billion dollars in Foreign Direct Investment (FDI) between 2023 and 2025. “The figure is based on the National…

Nigeria’s $40bn Reserves Validate Tinubu’s Reforms —- TSF The Tinubu Stakeholders Forum (TSF) says Nigeria’s net foreign reserves have risen from about $3 billion in 2023 to over $40 billion, reflecting the success of President Bola Tinubu’s economic reforms. The forum made the assertion in a statement jointly signed by its Chairman, Mr Ahmad Sajoh, and Secretary, Mr Danjuma Sada, on Tuesday in Abuja. According to the group, the growth represents one of the most significant improvements in Nigeria’s external financial position in recent history. It attributed the increase to reforms introduced since 2023, including foreign exchange market unification, improved…

The Federal Government says Nigeria’s debt profile has been exaggerated, insisting borrowings under …

Alleged Fake Agency: ICPC Grills Gbajabiamila The Independent Corrupt Practices and other Offences Related Commission (ICPC) has quizzed Femi Gbajabiamila, Chief of Staff to the President, over the controversial Presidential Foreign Investment Promotion Council (PFIPC). The ICPC Spokesperson, John Odey, confirmed the development in a chat with the News Agency of Nigeria on Monday in Abuja. Odey explained that Gbajabiamila was invited by the commission over his alleged involvement in the establishment of the controversial agency. He said that the Chief of Staff to the President honoured the invitation and was questioned by the commission’s team of investigators. “He was…

The Federal Competition and Consumer Protection Commission (FCCPC) has resumed implementation of the Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations).

Sanwo-Olu Pays N3.1bn Compensation to 300 Lagos Property Owners The Lagos State Governor, Mr Babajide Sanwo-Olu, on Monday presented more than N3.1 billion in compensation to over 300 property owners affected by government land acquisition for strategic infrastructure projects across the state. Speaking at the presentation ceremony in Lagos, Sanwo-Olu said the compensation underscored his administration’s commitment to fairness, transparency and the protection of citizens’ rights in line with the Land Use Act. He said land acquisition for overriding public interest imposed both a legal and moral obligation on government to compensate affected persons fairly, transparently and promptly. “Today’s exercise…

Nigeria’s $40bn net FX Reserves Validate Tinubu’s Economic Reforms — Group A political group, Tinubu Stakeholders Forum (TSF), says the rise in Nigeria’s net foreign reserves from about three billion dollars in 2023 to more than 40 billion dollars is encouraging. The Chairman of TSF, Ahmad Sajoh, and the Secretary, Danjuma Sada, said this in a statement jointly signed on Monday in Abuja. Both officials described the situation as compelling evidence that President Bola Tinubu’s economic reforms were restoring confidence in the Nigerian economy and strengthening its long-term resilience. According to them, the achievement reflects one of the most significant…

CSCS Declares N1 Interim Dividend After Half-Year Earnings The Board of Directors of the Central Securities Clearing System (CSCS) Plc has approved an interim dividend of N1 per ordinary share for the six months ended June 30. The company disclosed this in a statement issued on Monday in Lagos. According to the statement, the payout, the company’s first interim dividend, reflects its strong financial performance in the first half of the year. The company attributed the performance to strong cash generation, a resilient balance sheet, and confidence in the sustainability of its earnings. The company noted that the interim dividend…

Andy Burnham Becomes UK New Prime Minister Andy Burnham becomes the United Kingdom’s prime minister on Monday and was invited by King Charles III to form a government after Keir Starmer’s resignation. Burnham enters office promising a “10-year plan for the country” to address some of the fundamental issues holding the UK back. He added: “I’m not saying that means I’m setting out to say I’m going to be here for 10 years. It’s more that we’re not in the right place structurally.” In his first Downing Street speech, he promised to give people “breathing room” against the rising cost…

NRS Issues July 31 Deadline for e-invoicing Compliance The Nigeria Revenue Service (NRS) has set July 31 as the deadline for all large taxpayers to wholly adopt the national e-invoicing and Electronic Fiscal System (EFS). This is according to a statement issued by Dare Adekanmbi, the Special Adviser on Media to the NRS Chairman, Dr Zacch Adedeji, on Sunday in Abuja. Adekambi said that the deadline was in response to a public notice issued by NRS on Feb. 17. He said that the Feb. 17 notice was on the implementation timeline and the mandatory adoption of the national e-invoicing and…