The Coordinating Minister of the Economy and Minister of Finance, Taiwo Oyedele, has explained why many Nigerians continue to experience economic hardship despite the Federal Government’s ongoing reforms, stating that while key economic indicators have improved, the benefits have not yet reached every household.According to Oyedele, the reforms introduced by President Bola Ahmed Tinubu’s…
Vice President Kashim Shettima has commenced a two-week leave after officially notifying President Bola Ahmed Tinubu, reaffirming his unwavering commitment to serving Nigeria with dedication and patriotism.According to the Presidency, the leave forms part of the Vice President’s official entitlement and is in line with established procedures for public office holders. During the period…
The Osun State Government has dismissed allegations that about ₦11 billion was looted from government coffers, insisting that the claims do not reflect the true financial position of the state.Responding to issues reportedly raised by the Economic and Financial Crimes Commission (EFCC), the state’s Commissioner for Information stated that the allegations are misleading and unsupported by…
The Federal Government has appealed to residents of the Federal Capital Territory (FCT) to remain calm following the recent earth tremors recorded in parts of Abuja, assuring the public that there is no immediate threat to lives or property.Minister of Solid Minerals Development, Dr. Dele Alake, said the tremors, which were felt in communities such as Mpape and Katampe, are low-intensity seismic…
The International Monetary Fund (IMF) has raised fresh concerns over Nigeria’s deepening cost-of-living crisis, warning that soaring transport expenses are significantly driving food inflation and worsening economic hardship across the country.Speaking during a media briefing at the IMF/World Bank Spring Meetings in Washington, the Director of the IMF’s African Department, Abebe Selassie…
Africa’s richest industrialist, Aliko Dangote, has unveiled plans to sell a 10 per cent stake in the massive Dangote Petroleum Refinery and Petrochemicals FZE through a landmark Pan-African Initial Public Offering (IPO) scheduled for 2026.Dangote disclosed the development at an event organised by the Atlantic Council in Washington, D.C., noting that the share sale is aimed at attracting…
Developing countries are set to gain a stronger voice in global debt discussions following the launch of a new borrower-led initiative unveiled on Wednesday during the 2026 IMF-World Bank Spring Meetings in Washington, D.C.The new mechanism, known as the Borrowers’ Platform, is designed to bridge long-standing gaps in the international financial system by allowing debtor nations to share…
A new analysis by the World Health Organisation (WHO) and Gavi, the Vaccine Alliance, has revealed that measles vaccinations have averted nearly 20 million deaths in Africa since the year 2000, marking one of the most significant public health achievements on the continent.The report shows that over 500 million children have been protected through routine immunisation programmes across Africa over…
Nigeria has reaffirmed its commitment to supporting peace and stability in Sudan, while also strengthening diplomatic and bilateral relations between both countries.The Permanent Secretary of the Ministry of Foreign Affairs, Amb. Dunoma Ahmed, made this known in Abuja during a meeting with the Ambassador of Sudan to Nigeria, Amb. Mohamed Abdelaal. The engagement was disclosed in a statement issued…
President Bola Tinubu has directed key economic officials to urgently develop strategies to mitigate the impact of the ongoing Middle East crisis on Nigerians, particularly in light of rising fuel prices and economic pressure.The directive was issued on Friday during a civic reception held in Yenagoa, where the president also inaugurated several development projects executed by Douye Diri.