archive2025

The Federal Government of Nigeria has filed a lawsuit against cryptocurrency exchange company Binance Holdings Limited, demanding $79.51 billion and ₦231 million in compensation for alleged economic losses caused by its operations in the country. The lawsuit, filed by the Federal Inland Revenue Service (FIRS) at the Federal High Court...

The Lagos Chamber of Commerce and Industry (LCCI) has carpeted the National Bureau of Statistics (NBS), stressing that the sharp drop in the inflation rate from 34.8% to 24.48% in January 2025 is primarily due to the rebasing of the Consumer Price Index (CPI) rather than a real reduction in...

The Nigerian Senate has summoned the country’s security chiefs over an allegation that the United States Agency for International Development (USAID) funded terrorism in Nigeria. The decision followed a motion by the senator representing Borno South Senatorial District, Mohammed Ali Ndume, over the issue. Ndume emphasised that the allegation was...

The Attorney General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi, has accused state governors of unlawfully dissolving local government councils, defying both constitutional provisions and a Supreme Court ruling. He described these actions as not only illegal but bordering on treason. Fagbemi made this declaration on Wednesday...

The National Bureau of Statistics (NBS) has explained why Nigeria’s headline inflation rate dropped to 24.48 per cent in January 2025 after rebasing. The Statistician-General of the Federation and Chief Executive Officer of the NBS, Prince Adeyemi Adeniran, provided the explanation on Tuesday at the launch of the rebased Consumer...

• retains position as richest man in Africa • now 86th richest in the world Billionaire Aliko Dangote has seen his wealth nearly double to $23.9 billion, according to Forbes, which ranks the Nigerian entrepreneur as the wealthiest person in Africa and 86th in the world. It would be recalled...

The Speaker of the Lagos State House of Assembly, Princess Mojisola Meranda, has said that she remains the Speaker of the House of Assembly. The Speaker who denied rumours suggesting that she has resigned said, she is presently in her office doing her job as the Speaker of the House....

The Central Bank of Nigeria has issued a directive to bank directors with non-performing insider-related loans to step down immediately while ordering banks to commence remediation of the loan default of the affected individuals through collateral forfeiture. “Directors with non-performing insider-related facilities are required to step down immediately from the...

• insists NNPC Ltd didn’t import products this year • says importation a standard industry practice worldwide The Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari has flayed talks about the existence of sub-standard fuel in the country, describing it as unfortunatedrama and bad marketing practice. Kyari, who...

Oyo State governor, 'Seyi Makinde, has canvassed for greater involvement and engagement of subnationals in the quest to increase trades and investments in Africa. The governor stated that though discourses and action plans on trades, investments and integrating the economies of Africa are held at the national level, it is...