archiveJanuary 9, 2025

Leading financial institution, Fidelity Bank Plc, has once again demonstrated its unwavering commitment to community development through Corporate Social Responsibility (CSR) initiatives as the bank recently extended its support to the SOS Children’s Village in Isolo and the Hearts of Gold Children Hospice in Surulere, Executed under the auspices of...

Nigeria and China have reaffirmed commitment to strengthening bilateral ties especially in trade facilitation, capacity building, and people-to-people exchanges. The Nigerian Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, reiterated Nigeria’s commitment to fostering stronger ties with China at a high-profile meeting with the Chinese Foreign Minister, H.E. Wang Yi,...

The pan-Yoruba socio-cultural organisation, Afenifere, on Thursday, called on South West Governors to take the security of their areas more seriously in view of the latest revelation concerning the new influx of bandits into the region. Afenifere disclosed this in a statement by its National Publicity Secretary, Jare Ajayi, in...

The Central Bank of Nigeria (CBN) has suspended approvals for the extension of export proceeds repatriation on behalf of exporters, effective immediately. This directive, issued via a circular dated January 8, 2025, applies to both oil and non-oil export transactions. The apex bank explained that the move aims to enforce...

The Federal Government of Nigeria has debunked plans of hiring foreign machinery to help address the security challenges in the country, saying it has never considered it as a viable option. The Federal Government also noted that it is not averse to collaboration with China in domesticating production of military...

BudgIT, a leading civic-tech organisation promoting transparency, accountability, and effective service delivery in Nigeria, has observed certain legacy issues with the 2025 Federal Government Proposed Budget and calls on the National Assembly to proactively address the irregularities, exercise its “Powers of the Purse” responsibly, allow robust public participation in the...

The National Bureau of Statistics (NBS) has revealed that it introduce three new indexes in its monthly Consumer Price Index. This was revealed on Thursday at the sensitisation workshop on GDP and CPI rebasing organized by the Nigerian Economic Summit Group and the NBS in Lagos. In October, the NBS...

Lagos State Governor Babajide Sanwo-Olu has signed the 2025 Appropriation Bill into law, approving a record-breaking budget of N3.366 trillion. The budget, which is geared towards advancing the Sanwo-Olu/Hamzat administration’s developmental agenda, focuses on infrastructure, education, healthcare, and economic growth. During the signing ceremony, the governor reiterated his administration’s commitment...

The China Development Bank has announced the approval of a $254.76m (€245m) loan to support the Kano-Kaduna railway project in Nigeria. According to information released on its website on Tuesday, the financial backing is expected to ensure the seamless continuation of the construction work. It said on its website, “China...

The Oxford English Dictionary (EOD) has officially included 22 Nigerian words in its latest update to showcase the vibrant creativity and cultural richness of Nigeria’s language. The update was announced on LinkedIn by Dr Kingsley Ugwuanyi, World Englishes/Nigerian English Consultant to the OED who stated that the latest addition reflects...