FG To Roll Out Cost-Reflective Power Tariff – Adelabu
Nigeria’s Minister of Power, Chief Adebayo Adelabu, has restated the Federal Government’s determination to implement cost-reflective electricity tariffs as part of broader efforts to tackle the enduring liquidity crisis in the sector. Speaking on Tuesday at the Mission 300 Stakeholders Engagement meeting in Abuja, Adelabu explained that authorities are considering multiple strategies to clear the […]
Cut-Off Scores Fixed At 150, 100 By JAMB, Institutions
The Federal Government has pegged 16 years as the minimum age requirement for admission into tertiary institutions across Nigeria, with enforcement set to commence from the 2025/2026 academic session. This new directive was issued during the Joint Admissions and Matriculation Board’s (JAMB) policy meeting held yesterday in Abuja. It marks a shift from last year’s […]
Presidency Hits Back At IMF On Inflation, Poverty Report
The Presidency has pushed back against the International Monetary Fund’s recent evaluation of Nigeria’s economic trajectory, criticising what it described as an overly severe appraisal of the nation’s reform efforts, inflation trends, and poverty situation. Last week, the IMF released a report titled How Nigeria Can Unleash Its Economic Potential, in which it expressed alarm […]
Trump Gets Supreme Court Backing To Sack Federal Employees
The United States Supreme Court on Tuesday paved the way for President Donald Trump to move ahead with his controversial plan to slash the federal workforce. In a brief order without any noted dissents, the court lifted an earlier injunction that had blocked the administration from proceeding with mass layoffs across government agencies. That initial […]
Dangote Slashes Petrol Price To ₦820/Liter Yet Again
Dangote Petroleum Refinery on Monday announced a reduction in its depot price for Premium Motor Spirit (petrol), lowering it from N838 to N820 per litre. The price cut reflects intensifying market competition as well as the decline in global crude oil prices, which dipped to $70 per barrel compared to over $77 in June 2025. […]
US Limits Nigerian Non-Immigrant Visas To 3 Months, Single Entry
The United States Department of State has imposed new restrictions on Nigerian travelers, announcing that non-immigrant and non-diplomatic visas issued to citizens will now be valid for only three months and limited to a single entry. The United States Mission in Nigeria announced on Tuesday that the decision was part of President Donald Trump’s broader […]
US Chip Woes Hit Samsung’s Expected Operating Profits
Samsung Electronics has projected a sharp decline in its operating profit for the second quarter, attributing the anticipated slump to the impact of US export restrictions on high-end AI chips destined for China. In a regulatory disclosure on Tuesday, the tech giant revealed it expects operating profits between April and June to plunge by 56 […]
Ghana’s Reforms, Debt Restructuring Applauded By IMF
The International Monetary Fund (IMF) on Monday noted that Ghana is making tangible progress in its ongoing economic overhaul and debt restructuring efforts, initiated six months ago to stabilise the country’s battered finances. This positive assessment comes as President John Mahama, who took office in January, continues to steer West Africa’s second-largest economy out of […]
CBN Instructs Banks To Provide Capital Rebuilding Plans
In a fresh move to stabilise the banking sector, the Central Bank of Nigeria (CBN) has instructed commercial banks to submit detailed capital restoration plans as part of efforts to exit the current forbearance regime. The directive was contained in a circular signed by Olubukola Akinwunmi, Director of Banking Supervision, and posted on the CBN’s […]
Gov Otti Secures Freedom For 3 After 26yrs Awaiting Execution
After spending 26 years behind bars, Ogbonnaya Igbojionu, a generator dealer from Ikwuano Local Government Area of Abia State, has finally regained his freedom along with two other Nigerians who had also been on death row. Their release came following the intervention of Abia State Governor, Dr Alex Otti. Igbojionu’s ordeal began in 1999 when […]
NLC Calls For Redress Over Lagos Mechanic Village Demolition
The Lagos State branch of the Nigeria Labour Congress (NLC) has called out the state government over its recent demolition of 15 workshops at the Otumara Mechanic Village in Costain, Ebute-Metta, urging authorities to uphold fairness and justice in their policies. The NLC accused the government of reclaiming mechanic sites that it had previously allocated […]
US Embassy Begins Vetting Social Media Of Nigerian Students
The United States Mission in Nigeria has issued a new directive mandating that all applicants seeking F, M, and J nonimmigrant visas adjust their social media profiles to “public” visibility. These visa categories, which cover international students and exchange programme participants, will now require greater transparency from applicants as part of tightened screening measures. Announcing […]