News
The Central Bank of Nigeria (CBN) has warned the general public to be cautious of fraudulent ‘Swift’ messages and unsubstantiated claims regarding foreign currency transfers allegedly withheld by Nigerian banks or the apex bank itself. The warning follows a surge in petitions from private individuals, law firms, government agencies, and private entities claiming that foreign […]
The Federal Government has revealed that a poor maintenance culture and inadequate and aged equipment, among other challenges, are the underlying reasons for the incessant multiple collapses of the national power grid witnessed in recent months.It also stated that the high voltage of electricity surpassing the capacity of its equipment caused the blackout witnessed on […]
Donald Trump’s return to the White House as the 47th President of the United States, following a dramatic victory over Kamala Harris, brings new questions for Nigeria’s economic outlook. Trump’s economic policies, built around “America First,” prioritize domestic energy production, tariffs on imports, and pushing for low interest rates. These policies could have a significant impact […]
The Supreme Court on Wednesday ordered that the old N200, N500, N1000 notes should continue to co-exist with the new notes till further notice. The Supreme Court has decreed that both the old and new currency notes will retain their status as legal tender until the Federal Government establishes a comprehensive process for their replacement […]
UA Industries has finally responded to several allegations levelled against its management in 7 Page-Editorial by Aliko Dangote. In a statement signed by its management sent to POLITICS NIGERIA, BUA detailed several acts of Sabotage by Dangote on their businesses and Operations around the country. Read the full response below; “It’s with a profound sense […]
According to data sourced from Oilprice, Brent Crude oil experienced a substantial surge, reaching $97.2 per barrel in the early hours of Thursday, September 28. This price point marked its highest level since November 2022. This notable price escalation was primarily attributed to a surge in demand coupled with a significant reduction in crude oil […]
The United States Government says Nigeria lacks the macroeconomic framework to address its challenges of foreign exchange instability. The US Deputy Secretary of Treasury, Wally Adeyemo, disclosed this recently at a forum with business leaders in Lagos. He landed in Nigeria on Sunday as part of the President Joe Biden administration’s commitment to deepening the […]
The Federal Government of Nigeria has disclosed plans to construct two expansive super-highways via a Public Private Partnership (PPP) initiative. The Minister of Works, Dave Umahi, revealed this strategic move during a press briefing with State House Correspondents in Abuja, following a crucial meeting with President Bola Tinubu according to reports from NAN. The proposed […]
The United Kingdom’s government has recently declared a rise in the fees associated with student and tourist visas. In a statement on Friday, the UK’s Home Office said “the changes mean that the cost for a visit visa for less than six months is rising by £15 to £115, while the fee for applying for […]
The National Bureau of Statistics (NBS) on Thursday said Nigeria’s inflation rate rose to 20.52 per cent in August 2022. The significant increase reflects the impact of the removal of petrol subsidies and the devaluation of the official exchange rate on consumer prices. Month-on-month inflation rose to 3.18% in the review month from 2.89% recorded […]
