By Ayomide Otitoju The National Bureau of Statistics (NBS) has reported a decline in Nigeria’s headline inflation rate, which eased to 23.18% in February 2025, down from 24.48% recorded in January 2025. In its Consumer Price Index (CPI) report released on Monday, the NBS noted that the latest figure represents a decrease of 1.30 percentage…
By Ayomide Otitoju President Bola Tinubu has appointed the Catholic Bishop of Sokoto Diocese, Bishop Matthew Kukah, as the Pro-Chancellor and Chairman of the Governing Council of the Federal University of Applied Sciences, Kachia, Kaduna State. The appointment was announced in a statement issued on Monday by the Special Adviser to the President on Information…
By Ayomide Otitoju TAJBank, Nigeria’s leading non-interest bank, has announced plans to raise ₦20 billion through a Mudarabah Sukuk bond as part of efforts to strengthen its Additional Tier 1 capital. The bank’s Founder and Chief Executive Officer, Hamid Joda, disclosed this in a statement on Monday in Abuja, highlighting that the issuance is part…
By Ayomide Otitoju The President and Chief Executive of Dangote Industries Ltd., Alhaji Aliko Dangote, has announced the company’s readiness to return to the Olokola Free Trade Zone (OKFTZ) in Ogun Waterside Local Government Area to develop the largest seaport in Nigeria. Dangote also disclosed that the company has resumed construction of a 6-million-metric-ton-per-annum cement…
By Ayomide Otitoju Leading Nigerian financial institution, OPay, has extended its N1.2 billion 10-year scholarship scheme to students of Obafemi Awolowo University (OAU), Ile-Ife, making it the third beneficiary of the initiative in the country. In a statement, OPay reaffirmed its commitment to education and youth empowerment, emphasizing that the scholarship programme is designed to…
By Ayomide Otitoju Africa Finance Corporation (AFC), a leading infrastructure solutions provider on the continent, has reaffirmed its commitment to fostering youth empowerment by partnering with the +234Art Fair for the second consecutive year. This collaboration aligns with AFC’s mission to elevate Africa’s creative sector, with over 260 young artists expressing interest in showcasing their…
By Ayomide Otitoju The Lagos State Government has announced the temporary closure and traffic diversion for emergency repairs on the Independence/Mekwen Bridge, affecting the inbound Marina/CMS route. The repairs will last for two months, from Wednesday, March 19, to Monday, May 26, 2025. In a statement issued on Sunday, the Commissioner for Transportation, Oluwaseun Osiyemi,…
The Presidency has clarified that President Bola Tinubu remains focused on delivering economic development and improving the lives of Nigerians rather than the 2027 general elections. Tinubu’s Special Adviser on Media and Public Communications, Sunday Dare, made this known in a statement on X on Friday, emphasizing that the President’s priority is enacting reforms that…
Former Kaduna State Governor, Nasir El-Rufai, has ruled out the possibility of a political merger ahead of the 2027 general elections, instead urging opposition figures, including former Vice President Atiku Abubakar and ex-Labour Party presidential candidate Peter Obi, to join the Social Democratic Party (SDP). El-Rufai, who resigned from the All Progressives Congress (APC) on…
