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Nigeria remains under US visa bond programme, travellers

  • 2nd August 2026

US urges Americans to leave Middle-East as Iran

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AfCFTA chief urges Africa to prioritise value addition

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NAICOM completes 12-month insurance recapitalisation exercise

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Reforms alone not enough, CFG advisory CEO warns FG

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Shettima arrives Asaba for Delta investment summit

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Guinea opts out of ECOWAS single currency plan

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Tesla recalls nearly all cybertrucks over safety concern
Tech

Tesla cuts prices, unveils lower-cost Cybertruck to boost sales

Tesla introduced a more affordable Cybertruck model in the United States on Thursday and cut the price of its top-tier Cyberbeast edition as the electric vehicle maker works to boost demand for its pickups. The new dual-motor all-wheel-drive Cybertruck is priced at $59,990, marking Tesla’s “most accessible” version yet, while the Cyberbeast now costs $99,990, […]

Lagos tops list of states with most external debt
Business

Nigeria’s domestic debt hits N77.81tn in Q3

Nigeria’s domestic debt reached N77.81 trillion as of September 2025, signaling the Federal Government’s ongoing dependence on the local debt market. According to the latest figures released by the Debt Management Office on its official website, federal bonds remain the largest component of the country’s domestic debt. The data also reflect the government’s strategy of […]

NAFDAC cuts licensing fees by 65%
Business

NAFDAC seals 18 warehouses over expired goods in Niger

The National Agency for Food and Drug Administration and Control said it sealed 18 warehouses in Bida, following the discovery of large quantities of expired food and beverage products. A statement by the agency’s Resident Media Consultant, Mr Olusayo Akintola, said that the warehouses were located around Ndazabo White House along Minna Road, behind Bida […]

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FG plans armed forces college of medicine in NDA

The Federal Government has advanced plans to establish the Armed Forces College of Medicine and Health Sciences in a bold move aimed at strengthening military medical readiness and expanding Nigeria’s overall healthcare training capacity. The strategic initiative was firmed up at a high-level meeting convened by the Minister of Education, Dr Maruf Tunji Alausa, and […]

Business

Again, fire guts Kano market

An early morning fire on Friday gutted several shops at the Kwalemar Fatima Simra Market in Dakata, Nassarawa Local Government Area of Kano State. This incident occurred barely days after a mysterious fire that lasted more than 48 hours ravaged the popular essential commodity market known as Singer Market. Confirming the latest blaze, the Chairman […]

Business

Oil prices bear six‑month high amid US-Iran tension

Oil prices stayed near six-month highs on Friday after United States President Donald Trump warned Iran of “really bad things” if no nuclear deal is reached. Brent crude for April delivery dipped 0.2 per cent to $71.53 per barrel by 9:24 a.m. London time (4:24 a.m. ET), while U.S. West Texas Intermediate March futures fell […]

Business

Procurement reforms saved FG over ₦1.1tn in 2025 – BPP

The Bureau of Public Procurement has announced that ongoing procurement reforms enabled the Federal Government to save over ₦1.1 trillion between January and December 2025. The agency’s Director-General, Mr. Adebowale Adedokun, made the disclosure on Thursday while presenting the BPP’s 2026 budget proposal to the Senate Committee on Public Procurement in Abuja. The bureau also […]

Business

Capital market group backs Tinubu’s oil sector reforms

The Capital Market Academics of Nigeria has expressed strong support for President Bola Tinubu following his signing of Executive Order 9 of 2026, which directs that 60 per cent of oil and gas profits be remitted directly to the Federation Account. In a statement on Thursday, CMAN President Prof. Uche Uwaleke called the move “bold […]

Oil and Gas

PENGASSAN rejects Tinubu’s executive order on oil, gas revenues

The Petroleum and Natural Gas Senior Staff Association of Nigeria on Thursday rejected President Bola Tinubu’s newly signed Executive Order mandating the direct remittance of oil and gas revenues to the Federation Account, describing the directive as a dangerous precedent that could undermine the Petroleum Industry Act and erode investor confidence in the sector. PENGASSAN […]

NCC, Telecom operators urge states to review policies for broadband expansion
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Banks, Telcos resolve long-running N300bn USSD debt standoff

Banks and telecommunications operators in Nigeria have resolved a four-year dispute over nearly N300bn owed for Unstructured Supplementary Service Data services, with the outstanding debt now fully settled, the Association of Licensed Telecommunications Operators of Nigeria has said. ALTON Chairman, Gbenga Adebayo, announced the resolution on Thursday during an official visit to the Chairman of […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
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Naira holds steady at ₦1,345/$ in official FX market

The Naira maintained a stable yet cautious trajectory against the United States Dollar in the early trading hours of Friday, February 20, 2026. Data from the Nigerian Foreign Exchange Market and various informal channels indicate that the local currency is navigating a period of moderate volatility. The Central Bank of Nigeria continues its efforts to […]

Nigeria expecting $2.2bn loans from World Bank - Minister
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Low-income nations face debt distress, Edun warns

Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has warned that about 50 percent of low-income countries are in or approaching debt distress, requiring urgent actions. It was not clear where Nigeria stands on his assertion but based on World Bank classifications for 2024–2026, Nigeria is classified as a lower-middle-income country, […]

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