Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said Nigeria is nearing its target of attracting $1 billion in monthly remittance inflows, after inflows through International Money Transfer Operators (IMTOs) rose to a record $947 million in July 2026. The July figure represents the highest monthly remittance inflow ever recorded through formal channels…
President Bola Tinubu has formally raised Nigeria’s concerns over recurring xenophobic and Afrophobicattacks against Africans and other nationals in South Africa with the African Union, calling for urgentcollective action to protect the safety, dignity and rights of African citizens across the continent.Tinubu’s position was delivered by Vice President Kashim Shettima at the 21st Extraordinary Session…
African Democratic Congress (ADC) has challenged the director-general of President Bola Tinubu’s re-election campaign, Senator Abdul’aziz Yari, to explain what Nigerians had gained from the trillions of naira generated from petrol subsidy removal before dismissing the promises of relief by Atiku Abubakar as a lie. ADC, in a statement signed by its spokesman, Bolaji Abdullahi,…
Osun State Governor Ademola Adeleke has denied claims that the African Democratic Congress (ADC)helped him secure re-election in the August 15 governorship poll, stating he had no electoral deal orpartnership with the party. In a statement issued on Tuesday by his spokesperson, Olawale Rasheed, the governor clarified that theADC was never part of the political…
President Bola Tinubu has approved a landmark reform that replaces project-by-project negotiations with a transparent investment framework designed to unlock up to $50 billion in deep offshore investment and restart Nigeria’s large, capital-intensive offshore developments that have remained stalled for decades. According to a statement issued yesterday by presidential spokesperson, Bayo Onanuga, the reform establishes…
A Nigerian Army Colonel, Mohammed Ma’aji, accused of involvement in an alleged plot to overthrow the government of President Bola Tinubu, has said his actions were driven by patriotism and frustration over what he described as worsening conditions in the country. His explanations were contained in fresh court records which provided new details about how…
The Nigerian Upstream Petroleum Regulatory Commission has released the Q2 2026 statistics on the enforcement of the Domestic Crude Supply Obligation in accordance with the provisions of the Petroleum Industry Act. NUPRC says a total of 53.7 million barrels of crude oil and condensate were supplied to local refiners between April and June, showing an…
Former Vice President Atiku Abubakar has accused the Tinubu administration of worsening Nigerians’purchasing power, stating that the latest Central Bank of Nigeria (CBN) Household Expectations Surveyshows families are increasingly unable to afford homes, cars and basic household assets.In a statement issued on Saturday by his Senior Special Assistant on Public Communication, PhrankShaibu, Atiku said the…
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has launched an attack on former Minister of Transportation, Rotimi Amaechi, saying his candidacy as presidential running mate to Atiku Abubakar on the platform of African Democratic Congress (ADC) is of no benefit to the people of Rivers State or the wider South-south region. Speaking yesterday…
In a major move aimed at boosting troop morale and strengthening Nigeria’s fight against insecurity, President Tinubu approved salary increases of between 30 and 80 per cent for about 250,000 personnel of the Armed Forces. According to the Presidency, officers above the rank of colonel and its equivalent, that is, Brigadier-Generals to Generals, will get…
