Month: October 2025

  Nigeria’s Money Supply (M²) dropped month-on-month (MoM) to about ₦118 trillion in September 2025. The Central Bank of Nigeria (CBN) disclosed this Tuesday in its Money and Credit Statistics Data for September 2025, which indicated that the various components of the money supply recorded a decline during the period, except Currency Outside Banks (CoB). … Continue reading “Nigeria’s Money Supply Drops To ₦118trn”

  A downgraded Hurricane Melissa made landfall in Cuba early on Wednesday after ripping a path of destruction across Jamaica, which authorities have designated a “disaster area.” The National Hurricane Center (NHC) said Melissa, which it described as an “extremely dangerous hurricane”, had weakened to a Category 3 storm before it made landfall in Santiago … Continue reading “Downgraded Hurricane Melissa Makes Landfall In Cuba, NHC Says”

  A total of 170 foreign nationals have applied for Nigerian citizenship. Minister of Interior, Dr. Olubunmi Tunji-Ojo, disclosed this in a statement on his X handle after presiding over a meeting of the Citizenship Advisory Committee in Abuja. According to him, a Citizenship Advisory Committee whose responsibility is to review and recommend citizenship applications … Continue reading “170 Foreigners Apply For Nigerian Citizenship, Says Tunji-Ojo”

  Many Nigerians in the diaspora have raised certain questions regarding the new tax reform laws and the possible implications. Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, clarified issues of concern in a frequently asked questions and answers note. READ: Will the money I send to Nigeria (for family, upkeep, gifts, projects, … Continue reading “The Impact Of New Tax Reform Laws On Nigerians In Diaspora”

  The newly-appointed service chiefs have arrived at the National Assembly for their screening by the Senate. READ ALSO: Meet Tinubu’s New Service Chiefs They arrived at the NASS Complex about 10 a.m. on Wednesday, accompanied by other senior military officers.   The new service chiefs arrived at the NASS Complex about 10 a.m. on Wednesday, … Continue reading “New Service Chiefs Arrive NASS For Screening”

  The Alternative Bank has pledged commitment to building an inclusive financial ecosystem that empowers women and strengthens communities. The commitment was made as the bank, on Friday, hosted a virtual convening to commemorate the International Day for Rural Women held every October 15 worldwide. The event brought together thought leaders, policymakers, and development partners … Continue reading “The Alternative Bank Rallies Global Voices For Rural Women”

  China said that leader Xi Jinping and US President Donald Trump will have “in-depth” talks on “major issues” on Thursday, as expectations grew for their high-stakes talks in South Korea. READ ALSO: Trump Throws China Assumptions In Air As He Meets ‘Brilliant’ Xi Trump has said he expected their first face-to-face meeting of his second … Continue reading “Xi, Trump To Have ‘In-Depth’ Talks On ‘Major Issues,’ China Says”

  The Federal Inland Revenue Service (FIRS) said on Tuesday that it has directed banks, stockbrokers, and other financial institutions to deduct a 10 per cent withholding tax on interest earned from investments in short-term securities. Before this directive, short-term bills were tax-exempt to boost returns for investors. The new directive requires tax to be … Continue reading “FIRS Orders 10% Withholding Tax Deduction On Interest On Short-Term Securities”

  Nigeria’s revenue and those of crude-dependent economies will experience a drop as oil prices slide again on Wednesday, the third day since the start of the week. Drop in prices rode on the back of doubts about the effectiveness of Russia sanctions and a potential OPEC+ output increase, putting pressure on the market. Brent … Continue reading “Nigeria’s Revenue Threatened As Oil Dips On Russian Sanctions Worries, OPEC+ Output Hike”