Former Labour Party presidential candidate Peter Obi has criticised the Federal Government’s reported $9 million spending on foreign lobbyists, describing it as a symbol of Nigeria’s misplaced priorities amid worsening development outcomes.This is according to a statement he shared on X (formerly Twitter) on Friday, where he reacted to reports
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President Donald Trump has announced a 25 per cent tariff on countries doing business with Iran. The sanction is designed to weaken the hands of the Iranian government amid a deadly crackdown on protesters.Iran’s worsening inflation hit 42 per cent, and its currency, the rial, plummeted to an all-time low
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MultiChoice Nigeria, has announced a leadership transition, as Chief Executive Officer, John Ugbe, retires after a distinguished tenure. He will be succeeded by Kemi Omotosho, who will be appointed Chief Executive Officer, Nigeria, effective January 2026.Ugbe steps down after nearly fifteen years at the helm, during which he steered the
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The National Agency for Food and Drug Administration and Control (NAFDAC), on Monday, reassured Nigerians that all Nestlé infant formulae sold in the country are safe for consumption and not affected by the ongoing recall in over 50 countries.The Director-General of NAFDAC, Prof. Mojisola Adeyeye, stated this in a statement
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Chairman of BUA Group, Abdul Samad Rabiu, has announced a $1.5million cash reward for Nigeria’s Super Eagles if they emerge champions of the 2025 Africa Cup of Nations (AFCON).Rabiu pledged $500,000 bonus should the team win their semi-final encounter and secure a place in the final.He also announced an additional
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The Federal High Court in Abuja has ordered the interim forfeiture of 57 property suspected to be proceeds of unlawful activities linked to Mr Abubakar Malami.Malami, a Senior Advocate of Nigeria, was the Attorney-General of the Federation and Minister of Justice in the Muhamadu Buhari administration.Justice Emeka Nwite granted the
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The Nigerian Electricity Regulatory Commission (NERC) says that three international customers are owing Nigeria $17.8 million (an equivalent of over N25 billion) for electricity supplied under bilateral arrangements.This was disclosed by NERC in its Third Quarter 2025 report, where it noted that these customers, namely Togo, Niger, and Benin, were
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The Nigeria Revenue Service has clarified that only officially gazetted Acts of the National Assembly carry legal authority and are binding on taxpayers and revenue administrators, dismissing claims that the country’s newly enacted tax reform laws were altered after passage.The Executive Chairman of NRS, Zacch Adedeji, stated this during a
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Dangote Petroleum Refinery has dismissed reports claiming it was shutting down for maintenance, insisting that it continues to operate at full capacity while supplying over 50 million litres of petrol daily to the Nigerian market.This is according to a statement issued by the refinery on Monday, where it described the
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By Okoroafor Uchechukwu ChimzoromNigeria stands at a critical crossroads. Across cities and rural communities alike, a quiet anxiety hangs in the air, an uncertainty that makes planning for tomorrow almost impossible. For millions of Nigerians, survival has become a daily negotiation, not a long-term vision.The economy, as it stands, is
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