February Foreign Exchange Reserve Drops by $1.3bn   Nigeria’s foreign exchange reserves fell by $1.31bn in February 2025, reflecting sustained external pressures amid the recent appreciation of the naira. Data from the Central Bank of Nigeria (CBN) showed that reserves declined from...

Nationwide Blackout as Electricity Grid Collapses Again   Again, many parts of Nigeria were left in darkness yesterday, as the national grid abruptly lost over 2,000 megawatts, resulting in about the second supply disturbance for the year 2025. This occurred same day...

Tinubu Rejects N942bn Census Budget   President Bola Tinubu has turned down a N942bn proposal by the National Population Commission (NPC) for the conduct of the national housing and population census. Impeccable sources privy to the discussions between Tinubu and the commission’s...

Nigeria's Telecom Industry Records $7.6bn Revenue in 2024   According to a report by PwC, Nigeria's telecommunications sector experienced substantial growth in 2024, with mobile service revenue totaling $7.6 billion. The report also showed that the global telecommunications industry is projected to...

FG Rakes in N402.3bn Tax From Dangote   The Dangote Industries Limited, (Dangote Group), and its subsidiaries paid over N402 billion in taxes in 2024, making it the highest taxpayer in the country. Dangote’s Chief Branding and Communication Officer, Anthony Chiejina, who...

Foreign Affairs Minister, UK Explore Investment, Security Cooperation   Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, has successfully completed a three-day working visit to the United Kingdom aimed at reinforcing diplomatic and economic ties between both nations. The visit, which...