World Bank Warns: More Nigerians May Fall Into Poverty by 2027
The World Bank has projected that poverty levels in Nigeria will rise by 3.6 percentage points between 2022 and 2027. This was disclosed in the latest Africa Pulse report, released…
IMF to Nigeria: Boost Tax Revenue, Go After Evaders
The International Monetary Fund (IMF) has advised Nigeria and other African nations to improve their tax systems by widening the tax base and tackling tax evasion. The call was made…
SEC Raises Alarm: Ponzi Schemes Hindering Capital Market Growth
The Securities and Exchange Commission (SEC) has warned the public about the increasing threat of Ponzi schemes and other illegal investment platforms in Nigeria. According to the commission, these schemes…
FG Issues Stern Warning to Refineries Over Poor Waste Management
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued a strong warning to refineries, depot owners and other operators in the oil and gas sector over poor waste…
Tragedy in Kwara: Taekwondo Champion Dies as Badminton Court Collapses
A tragic incident occurred in Ilorin, the Kwara State capital, on Monday following a heavy rainstorm that lasted just 30 minutes. The storm, which hit between 5:30 p.m. and 6:00…
New report: Nigeria’s Currency in Circulation has Dropped to N5 trillion, Raising Questions About Liquidity and Economic Activity
The total amount of naira in circulation fell to N5 trillion in March 2025, down from N5.04 trillion in February and N5.24 trillion in January, according to the Central Bank…
Tinubu Celebrates Emir of Ilorin, Sulu-Gambari, on 85th Birthday
President Bola Tinubu has congratulated the Emir of Ilorin, Alhaji Ibrahim Sulu-Gambari, on his 85th birthday, celebrated today, April 22. In a statement by his Special Adviser on Information and…
Money Supply Soars to ₦114tn Despite CBN’s Tight Monetary Policy
Nigeria’s money supply continued to rise in March 2025, hitting N114.22 trillion, despite strict monetary policies by the Central Bank of Nigeria (CBN), including a record high 50% Cash Reserve…
Dollar Dips, Stock Market Fluctuate Amid Trump-Powell Tensions
Gold prices reached a new all-time high on Tuesday as global markets responded to increasing tensions between former U.S. President Donald Trump and Federal Reserve Chair Jerome Powell. The dollar…
FG Declares Friday and Monday Public Holidays for Easter Celebration
The Federal Government has declared Friday, April 18 and Monday, April 21, 2025, as public holidays to mark Good Friday and Easter Monday. The Minister of Interior, Olubunmi Tunji Ojo,…