Author: Ifetayo Adeniyi

EU pays visit to victims of Benue crisis, renders support of €1.5m EU Ambassador to Nigeria, Gautier Mignot met with Yelewata families displaced by conflict at Markurdi IDP camp recently. Photo credit: European Union in Nigeria EU pays visit to victims of Benue crisis, renders support of €1.5m The European Union has committed €1.5 million to support victims of the recent crisis in Yelwata, other Internally Displaced Persons in Benue State, and other parts of the country. The EU Ambassador to Nigeria, Gautier Mignot, opened up on this on Tuesday in Abuja at a joint press conference with the Ministry…

Enforce $10,000 currency declaration rule – NCAA orders airlines The Nigeria Civil Aviation Authority has ordered all international airlines flying into Nigeria to enforce the $10,000 currency declaration rule. The authority had said that the rule is required for passengers to declare cash or negotiable instruments above the limit, as part of efforts to strengthen anti-money laundering compliance. According to the NCAA, the directive, referenced as NCAA/CPD/ABV/298, dated 24 April 2025 seeks to address gaps in the enforcement of existing currency declaration obligations for inbound passengers. This was announced in a statement issued by the Director of Public Affairs and…

WAEC, NECO exams to take place at CBT by 2026 – FG WAEC, NECO exams to take place at CBT by 2026 – FG The Federal Government has revealed that privately-owned Computer-Based Test centres and others belonging to public institutions would be fully deployed in the conduct of the school-based Senior School Certificate Examination by next year. Minister of Education, Dr Tunji Alausa, made this known after monitoring a pilot CBT SSCE conducted by the National Examinations Council at Sascon International School, Maitama, on Tuesday in Abuja. Alausa, who hailed NECO for the seamless conduct of the pilot phase of…

CBN interest rate stands at 27.5%, foreign reserve 40.1 billion, 8 banks meet recapitalisation requirements Yemi Cardoso CBN interest rate stands at 27.5%, foreign reserve 40.1 billion, 8 banks meet recapitalisation requirements The Central Bank of Nigeria (CBN) has maintained the current Monetary Policy Rate (MPR) of 27.5 percent with all policy parameters. The Governor of CBN, Mr. Olayemi Cardoso, disclosed this at the MPC briefing in Abuja this afternoon. Consequently, the asymmetric corridor was retained at +500/-100 basis points around the MPR, leaving the Cash Reserve Ratio at 50 per cent for Deposit Money Banks and a general Liquidity…

Go for our 10th title,  bring the trophy home – Tinubu praises Falcons Bola Ahmed Tinubu Go for our 10th title,  bring the trophy home – Tinubu praises Falcons President Bola Ahmed Tinubu has congratulated Nigeria’s Super Falcons following their dramatic 2-1 victory over South Africa in the semi-finals of the 2024 Women’s Africa Cup of Nations (WAFCON). He described the win as “nothing short of superlative.” The President praised the team for their courage, skill, and resilience, calling it “a magnificent display of grit, talent, and the indomitable Nigerian spirit.” In a statement issued shortly after the match, President…

Super Falcons qualify for WAFCON finals, edge South Africa 2-1 Super Falcons Super Falcons qualify for WAFCON finals, edge South Africa 2-1 Nigeria’s Super Falcons, on Tuesday, booked their spot in the final of the Women’s Africa Cup of Nations after a 2-1 victory over South Africa’s Banyana Banyana in a tense semi-final clash. The match, played tough, saw the Super Falcons take the lead in the first half through Rasheedat Ajibade, who calmly converted from the penalty spot in the 45th minute to give Nigeria a 1-0 advantage heading into the break. Earlier in the game, South Africa were…

Presidency lauds Lafarge Africa’s N133bn Q2 profit performance, credits economic impact Presidency lauds Lafarge Africa’s N133bn Q2 profit performance, credits economic impact The Special Adviser on Information and Strategy to President Bola Tinubu, Bayo Onanuga, has praised Lafarge Africa Plc for its robust financial performance in the first half of 2025, asserting that the results underscore the positive impact of ongoing economic reforms in Nigeria. Lafarge Africa, a leading cement and building solutions company, announced a stellar performance for H1 2025, demonstrating significant growth across key financial metrics. The company reported a substantial 70 per cent increase in net sales,…

UBEC fund: 25 states, FCT access N92bn in six months The Executive Secretary, Universal Basic Education Commission, Aisha Garba…Photo Credit: UBEC Web The Executive Secretary of the Universal Basic Education Commission, Dr. Aisha Garba, has disclosed that 25 states and the Federal Capital Territory have accessed the sum of N92.4bn, being UBE matching grant, between January and June. She further disclosed that the Commission disbursed N19bn, being the 2023/2024 Teacher Professional Development fund, to 32 states and the FCT, and N1.5bn as School Based Management Committee Improvement Programme fund to 1,147 communities in the 36 States and the FCT. Garba…

NNPC Achieved N905bn Profit in June, Federation Remittances Reach N6.96tn in 5 Months The Nigerian National Petroleum Company Limited (NNPC) yesterday declared a Profit After Tax (PAT) of N905 billion for its June operations, a drop from the N1.054 trillion recorded in the previous month of May. However, the national oil company posted statutory payments of N6.961 trillion to the federation between January and May 2025, up from the N5.583 trillion it remitted from January to April this year. Besides, the NNPC, in its Monthly Report Summary for June released last night, announced a total revenue of N4.571 trillion in…

FG plans to eliminate seven per cent surcharge on import Adewale Adeniyi FG plans to eliminate seven per cent surcharge on import Hope on sight for importers as the Federal Government contemplates the reduction of import duties by removing the seven per cent surcharge on imports. While speaking at a town hall meeting with stakeholders on B’Odogwu clearance system, yesterday, the Comptroller General of the Nigeria Customs Service (NCS), Bashir Adeniyi, said the scrapping of the seven per cent surcharge was undergoing legislative process. He said the moment the surcharge is removed, duties paid on all cargoes would reduce and…