Author: Staff Reporter
Tinubu Begins Historic State Visit to UK President Bola Ahmed Tinubu, accompanied by the First Lady, Senator Oluremi Tinubu, will depart Abuja on Tuesday, March 17, for a State Visit to the United Kingdom as guests of Their Majesties King Charles III and Queen Camilla. King Charles will host President Tinubu and his wife at Windsor Castle from Wednesday, March 18, to Thursday, March 19. The state visit is the first by a Nigerian leader in 37 years. President Tinubu is also the first Nigerian leader to be hosted by the British monarch at Windsor Castle. Nigeria and the United…
Nigerian Artistes Generate N60bn from Spotify Streams in 2025 Nigerian artists generated over N60 billion in revenue from Spotify music streaming in 2025. Spotify disclosed this in its “Loud & Clear” annual report released on Monday in Lagos. Loud & Clear provides insights into the economics of music streaming and how artistes build careers, grow audiences and reach new markets globally. According to the report, revenue earned by Nigerian artistes from Spotify alone grew by more than 140 per cent over the past two years. “The figures reflect both the growing global appeal of Nigerian music and the increasing economic…
Petrol Price Hike: NLC Demands Government’s Intervention The Nigeria Labour Congress (NLC) has called for the government’s intervention to address the surge in petrol prices, which range from N1,170 to N1,300 per litre nationwide. The demand was contained in a statement signed by Mr Joe Ajaero, President of the NLC. Ajaero said the rising cost of petrol had worsened the hardship faced by Nigerian workers, particularly in transportation, food prices and general cost of living. “The sudden increase in petrol price to between N1,170 and N1,300 per litre has further deepened the economic hardship faced by Nigerian workers and the…
CBN Directs Banks to Block Loan Defaulters from Accessing Credit The Central Bank of Nigeria (CBN) has instructed commercial banks across Nigeria to prevent loan defaulters from obtaining new credit facilities. The directive was conveyed in a circular issued by the apex bank to banks, targeting borrowers who have failed to meet their loan repayment obligations. According to the circular, the restriction particularly applies to large-ticket obligors—individuals or companies with significant outstanding debts to financial institutions. Under the new measure, banks are required to block such defaulters from accessing further credit until their existing obligations are settled. The circular further…
Fidelity Bank, Partners Sign MoU, Launch Women Empowerment Initiative Fidelity Bank Plc has signed a Memorandum of Understanding (MoU) with partner organisations at the launch of the bank’s “Give Her Power” initiative to advance women’s economic empowerment opportunities. The programme is designed to equip Nigerian women with practical skills, tools, mentorship, and financial knowledge. The partnerships, formalised as part of activities commemorating the 2026 International Women’s Day, brought together a diverse network of stakeholders. The collaboration was anchored in the Bank’s HerFidelity Apprenticeship Programme, a structured platform that provides vocational training, business support, and sustainable enterprise opportunities for women across…
Strait of Hormuz: 3000 Vessels Stranded in Middle East -IMO The International Maritime Organisation (IMO) says no fewer than 3,000 vessels and 20,000 seafarers are stranded in the Middle East over the ongoing war by the U.S. and Israel against Iran. The crucial Strait of Hormuz global shipping corridor marking the entrance to the Persian Gulf is essentially closed due to the threat of strikes from Iran, and elsewhere, the IMO declared. IMO Secretary-General Arsenio Dominguez warned of the global “knock-on” effect from the closure of the sea lane responsible for 20 per cent of the world’s oil. Dominguez disclosed…
The Federal Government (FG) is to establish a digital registry for radiographers and strengthen regulatory oversight to eliminate quackery in the profession and improve regulation in Nigeria’s diagnostic healthcare services.
The Akwa Ibom Government says it has cleared all inherited bank debts totalling N39.83 billion, including the principal and interest.
The Minister of State for Finance, Doris Anite-Uzoka, on Thursday announced plans to begin payments for the 2024 and 2025 capital budgets to ministries, departments, and agencies (MDAs).
Tinubu Orders NNPC to Remit Oil Income to Fed. Acct. Directly President Bola Tinubu has ordered the immediate suspension of management and frontier exploration fees previously deducted by the Nigerian National Petroleum Company Limited (NNPC Ltd.), in a sweeping move aimed at restoring transparency and boosting oil revenues due to the Federation. The directive, contained in a new Executive Order signed last week, was disclosed on Wednesday in a statement issued by the Federal Ministry of Finance. According to the ministry, the order seeks to realign oil and gas revenue administration with constitutional provisions and halt practices that have weakened…