In a major economic comeback, Nigeria recorded a Balance of Payments (BOP) surplus of $6.83 billion in 2024. This marked a decisive turnaround from deficits of $3.34 billion in 2023 and $3.32 billion in 2022. The Central Bank of Nigeria (CBN) announced the recovery in a statement issued on Wednesday by the apex bank’s acting … [Read more…]
President Donald Trump has announced a 90-day pause for countries hit by higher US tariffs but a trade war with China has escalated. In a dramatic change of policy, just hours after levies against roughly 60 of America’s trading partners kicked in, Trump said he was authorising a universal “lowered reciprocal tariff of 10%” as … [Read more…]
The Labour Party has held National Executive Council meeting in Abuja, the nation’s capital. The meeting comes amid the controversy over the recent Supreme Court judgement on the national chairmanship position for the Labour Party. It held on Wednesday at the Transcorp Hilton Hotel and was chaired by former Finance Minister Nenadi Usman. In attendance … [Read more…]
The federal government has ruled out scrapping the naira-for-crude deal after the first phase ended on March 31. In a statement released on Wednesday, the ministry of finance announced that the decision to sustain the initiative was taken after a meeting of the technical sub-committee on the crude and refined product sales in naira initiative … [Read more…]
After Trump’s new 104% tarrif on China, hits back with 84% tarrif at on US goods China hit back at U.S. President Donald Trump singling out the world’s second-largest economy for tariffs of more than 100% by raising additional duties on American products to 84% on Wednesday, deepening the trade war between the two superpowers. Beijing … [Read more…]
…Education Minister says he proposed establishing teachers corps Education Minister Tunji Alausa has denied reports that he advocated the extension National Youths Service Corps (NYSC) service year from one to two years. ‘’I didn’t say NYSC should be extended for two years,” Alausa said while delivering the 28th convocation lecture of Lagos State University (LASU), … [Read more…]
Rivers State Sole Administrator, Vice Admiral Ibok-Ete Ibas (retd.) has approved the appointment of administrators for the 23 Local Government Areas of the state. This comes less that 24 hours after a Federal High Court sitting in Port Harcourt reportedly restrained him from appointing administrators to oversea the affairs of the local government councils. The … [Read more…]
The Minister of Innovation, Science and Technology, Uche Geoffrey Nnaji yesterday said that the government plans is to generate $20billion annually from the Nigeria space economy by leveraging on the newly launched space security platform and comprehensive regulatory reforms. The minister disclosed this at the launch of National Space Research and Development Agency Stakeholders Workshop … [Read more…]
No fewer than 16,000 medical doctors left Nigeria to practice abroad in the last five to seven years , the Coordinating Minister of Health and Social Welfare, Prof. Muhammad Ali Pate, has said. He made the disclosure Tuesday in Abuja during the annual capacity-building workshop of the Association of Medical Councils of Africa (AMCOA), and … [Read more…]
Governor of Enugu State, Dr. Peter Mbah, has charged Africa on robust regional collaboration and trade facilitation, insisting that Africa’s economic renaissance lies in extensive trade, not charity. Mbah, who insisted that Africa had all that it takes to build its own table, rather than wait to be invited to the table, also tasked the … [Read more…]
The Labour Party Caucus in the House of Representatives has described as laughable the purported appointment of another lawmaker as the caucus leader by the former National Chairman of the party, Julius Abure. This is contained in a statement issued by the Labour Party Caucus Chairman, Rep. Afam Ogene, in Abuja on Tuesday. PACESETTER reports that Abure … [Read more…]
Abuja-based real estate developer, Chief Jude Ezenwafor, has emerged the flag-bearer of the Peoples Democratic Party (PDP) for the upcoming November 8, 2025 Anambra State governorship election. Leader of the PDP national committee mandated to conduct the party’s governorship primary election in the State, Col. Chijioke Onwubuya (rtd), declared Ezenwafor winner in the governorship primary … [Read more…]