Author: Ifetayo Adeniyi

In Q1 2025, Nigeria’s economy grew by 3.13% — NBS National Bureau of Statistics building In Q1 2025, Nigeria’s economy grew by 3.13% — NBS Nigeria’s Gross Domestic Product grew by 3.13 per cent year-on-year in real terms in the first quarter of 2025. This is according to the latest report by the National Bureau of Statistics on Monday. According to the bureau, this represents an improvement over the 2.27 per cent growth recorded in the corresponding period of 2024. The NBS, in its Q1 2025 GDP report, said the economic performance in the quarter was driven mainly by the…

Recruitment portal for Civil Defence, Immigration, others reopened for application Recruitment portal for Civil Defence, Immigration, others reopened for application The Civil Defence, Correctional, Fire and Immigration Services Board (CDCFIB) has reopened its recruitment portal after a temporary suspension caused by technical difficulties. The board had earlier paused the recruitment process for the four paramilitary agencies under its supervision following serious glitches on the portal. In a statement released on Monday, CDCFIB confirmed that the issues have now been resolved and apologised for the inconvenience experienced by applicants. “We sincerely apologize for the interruption in the application submission process. Due…

The Trail of Billions of dollars: How Nigeria’s Billions in Stolen Crude Were Traced Beyond Its Shores How Nigeria’s Billions in Stolen Crude Were Traced Beyond Its Shores. In 2017, Hon. Ehiozuwa Johnson Agbonayinma, former federal lawmaker and fierce anti-corruption crusader, unearthed what would become one of Nigeria’s most significant economic scandals, a vast network of undeclared crude oil exports that siphoned billions of dollars from the country between 2011-2014. “Sometimes, just to get the right information is like digging through concrete,” Agbonayinma admitted as he recounted the resistance, denials, and bureaucratic bottlenecks he faced. But despite the obstacles, his…

No need lobbying for foreign exchange due to CBN reforms – BUA Chairman Chairman of BUA Cement Plc, Dr Abdul Samad Rabiu • BUA Cement increased in its revenue to N877bn in 2024, from N460bn in 2023. Chairman of BUA Cement Plc, Dr Abdul Samad Rabiu, says foreign exchange reforms by the Central Bank of Nigeria have eliminated the need for companies to lobby for FX. Rabiu made the remarks on Monday in Abuja during a media briefing following the 9th Annual General Meeting of BUA Cement Plc. He described the current FX regime as more transparent and market-driven, contrasting…

Joseph Yobo found his way to NIS  for schooling Joseph Yobo Joseph Yobo, a former captain of the Super Eagles has shown interest in getting certified as a competent sports administrator which was the reason behind his decision to enrol at the foremost sports institution in Africa, the National Institute of Sports (NIS), Lagos. Yobo admitted when members of the NIS Advisory Committee, led by the Director General, Philip Shaibu, visited his classroom during an inspection tour on Monday. The committee visited the hostel, library, gyms, offices, and conference room, among others, of the 51-year-old institution. At Yobo’s classroom,…

Cardoso explains: Why interest rate remains high CBN Governor, Olayemi Cardoso. Credit: CBN …high interest rates ensure stability of macroeconomic. The Central Bank of Nigeria has explained why interest rates remain elevated, insisting that the monetary policy stance reflects not just a fight against inflation but a bold attempt to restore credibility, rebuild investor confidence, and defend the value of the naira. The CBN Governor, Olayemi Cardoso, disclosed this at the Nigeria Domestic Investment Summit: Operationalising Nigeria’s first policy, organised by the Ministry of Industry, Trade and Investment, on Monday in Abuja. The apex bank stated this ahead of its…

Nigeria-Egypt trade volume surges by 68%, opportunities for businesses to step up The Minister of Foreign Affairs, Yusuf Tuggar, exchanging pleasantries with The Minister of Foreign Affairs of the Arab Republic of Egypt, Badr Abdelatty, at the second edition of the Nigeria-Egypt Business Forum held on Monday in Abuja. CREDIT: Nigeria-Egypt Business Forum Nigeria-Egypt trade volume surges, opportunities for businesses to step up. Trade volumes between Nigeria and Egypt have gone up by 68.45 per cent within one year. The Minister of Foreign Affairs of the Arab Republic of Egypt, Badr Abdelatty, on Monday announced that bilateral trade between Egypt…

Adeleke commences second phase of Osogbo-Kwara road to be delivered in 12 months, Ila dual carriage project unveiled The Governor of Osun State, Ademola Adeleke. Photo: State House Adeleke commences second phase of Osogbo-Kwara road to be delivered in 12 months, Ila dual carriage project unveiled Osun State Governor, Ademola Adeleke, on Monday, flagged off the second phase of the Osogbo/Kwara Boundary dual carriage road, with an assurance that the project would be delivered in 12 months. The governor also performed a groundbreaking ceremony for the first Ila Orangun dual carriageway. Speaking at the brief ceremony held in Ikirun to…

Food security: Lagos set to inaugurate ₦500bn powerhouse initiative From left, Lagos State Commissioner for Information and Strategy, Mr Gbenga Omotoso; Commissioner for Agriculture and Food Systems, Ms Abisola Olusanya and Permanent Secretary, Ministry of Agriculture and Food Systems, Mr Emmanuel Audu during a News Conference on the Forthcoming Launch of Lagos 500 Billion Naira Product for Lagos Offtake Guarantee Fund and Programme in Lagos on Monday • To connect market demand with production. • Positioning Lagos as state with capacity of exporting to other states. The Lagos State Government has announced plans to reveal its ₦500 billion “Produce for…

AAAN Gala Night: X3M Ideas, SO&U, Noah’s Ark recognized for creativity with others X3M Ideas, SO&U, Noah’s Ark recognized for creativity with others * Posthumous tribute accorded late Suleman Omone-Ogie Momoh. The 52nd Annual General Meeting and Congress of the Association of Advertising Agencies of Nigeria (AAAN) came to a close in Ibadan on Saturday with a Gala Night that spotlighted emerging talent and honoured key contributions within the industry. The event marked the culmination of a three-day gathering that combined business deliberations, knowledge exchange, and community building. One of the highlights of the evening was the presentation of the…