Closed Doors, Rippled Shores: The UK’s Immigration Reset and Its Impact on Nigeria

Ikenna Igwe

By Ikenna Igwe  When the United Kingdom rolled out its toughest immigration reforms in decades, few countries felt the tremors as acutely as Nigeria. Beyond individual dreams of study or work abroad, Britain’s policy shift threatens to reshape an entire economic lifeline. The Rules Have Changed Britain’s 2025 immigration overhaul raises the salary threshold for … [Read more…]

International Routes: Tinubu Empowered Nigerian Airlines to Compete – Air Peace CEO

Allen Onyema: Saving Nigerians one flight at a time

The Chief Executive Officer of Air Peace, Mr. Allen Onyema, has stated that the federal government under President Bola Ahmed Tinubu’ administration, made it easy for Nigerian airlines to challenge the status quo on international air routes. Onyema said this on Friday when he used the opportunity to deliver the keynote speech during the Nigeria … [Read more…]

CBN reduces interest rate to 27%

The Central Bank of Nigeria (CBN) has lowered the country’s interest rate by 50 basis points to 27%, marking the first rate cut in 2025. CBN Governor Olayemi Cardoso announced the decision during a press briefing on Tuesday following the 302nd Monetary Policy Committee (MPC) meeting in Abuja. The reduction comes after three consecutive pauses … [Read more…]

Onanuga Hails Tinubu’s ‘Prudent Management’, Taunts ADC as Nigeria’s External Reserves Hit $41bn

Presidency has mocked Atiku, Obi, El-Rufai, Lawal as external reserves hit $41bn, citing Tinubu’s prudent economic management. The Presidency on Thursday mocked opposition coalition leaders, including former Vice President and 2023 presidential candidate on the platform of the People’s Democratic Party (PDP), Alhaji Atiku Abubakar; his counterpart in the Labour Party (LP) and former Anambra … [Read more…]

CBN says 8 banks have met recapitalisation threshold

Eight banks have successfully met the new minimum capital requirements stipulated for their licenses, the Central Bank of Nigeria (CBN) confirmed yesterday. Banks started raising funds last year to meet the CBN’s recapitalization requirement which has a March 2026 deadline. Speaking at a news conference in Abuja at the conclusion of the two-day Monetary Policy Committee … [Read more…]

Tinubu Sets Q1 2026 Target for Take-Off of National Single Window

President Bola Ahmed Tinubu has directed the National Single Window (NSW) Steering Committee to ensure the platform becomes fully operational by the first quarter of 2026. The directive was delivered during Tuesday’s fifth steering committee meeting at the State House, Abuja. The President was represented by his Chief of Staff, Femi Gbajabiamila. Gbajabiamila said the … [Read more…]

CBN retains interest rates at 27.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained Monetary Policy Rates at 27.5 per cent Governor of the Central Bank, Olayemi Cardoso, made the disclosure while briefing the media after the 301st MPC meeting in Abuja, on Tuesday. He said the Committee voted to retain Monetary Policy Rates at … [Read more…]

Inflation Drops to 22.22% in June

The Consumer Price Index (CPI) which measures the rate of change in prices of goods and services, eased to 22.22 per cent in June compared to 22.97 per cent the previous month, the National Bureau of Statistics (NBS) said Wednesday. The NBS attributed the 0.76 per cent decrease in the headline index to moderation in … [Read more…]

Aliko Dangote retires as Chairman of Dangote Sugar Refinery

…Banking expert Arnold Ekpe takes over leadership Billionaire industrialist Aliko Dangote has officially retired as Chairman of the Board of Directors of Dangote Sugar Refinery Plc, ending a 20-year tenure that shaped the company’s growth and market leadership. The announcement was made by Dangote Sugar Refinery in a statement signed by Company Secretary Temitope Hassan, … [Read more…]