Written by Nigeria’s health sector is poised for significant improvements as the National Assembly plans increased funding, while the Budget Ministry projects higher revenues and local governments commit to strengthening community healthcare. These developments were highlighted on Wednesday in Abuja during the 2nd Joint Annual Review (JAR) of the health sector, themed “All Hands, One Mission: Bringing … Continue reading “National Assembly plans boost for primary healthcare”
The Federal Republic of Germany, through its Federal Ministry for Economic Affairs and Energy, has funded a project to equip 18 young Nigerians with specialised skills in the hospitality sector. The project would ensure professional growth and create new opportunities for legal migration. The Consul General of Germany to Nigeria, Mr. Daniel Krull, at the … Continue reading “Germany trains Nigerian youths to promote legal migration”
By Victor Ahiuma-Young & Abel Daniel Panic has gripped the Federal Civil Service following the abduction of six Directors of the Federal Ministry of Defence by gunmen along the Kabba-Lokoja highway. This came as no fewer than three Migil youths have been killed by bandits despite the state government’s threat to deal decisively with perpetrators. … Continue reading “Panic as bandits abduct 6 Defence Ministry directors, kill 3 youths in Nasarawa”
By Omolara Ojugbele, Ayomide Kasali & Olaoluwa Olaleye The Nigeria Deposit Insurance Corporation (NDIC) has reiterated its directive to banks to resolve customers’ complaints within two weeks, warning that unresolved cases after the deadline can be escalated directly to the Corporation for intervention. The move, according to the NDIC, is part of its renewed commitment to … Continue reading “NDIC reaffirms 2wks deadline for banks to resolve customers’ complaint”
Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) Governor, Mr. Yemi Cardoso, has emphasized that Nigeria does not need to persuade investors to invest if the nation maintains strong macroeconomic fundamentals. Speaking at the bank’s 2025 Executive Seminar, Cardoso said stability and predictability are crucial to attracting capital. “Stability is at the core of … Continue reading “Macroeconomic stability, predictability key to attracting investors — Cardoso”
By Babajide Komolafe, Economy Editor The Central Bank of Nigeria (CBN) has disclosed that the capital adequacy ratio (CAR) of the banking industry declined to 12 per cent in July 2025, following the withdrawal of regulatory forbearance earlier granted to banks. Capital adequacy ratio measures the financial soundness and shock-absorbing capacity of banks by comparing their capital … Continue reading “Banks’ Capital Adequacy drops to 12% after forbearance withdrawal — CBN”
LAGOS — The naira traded slightly weaker in both official and parallel markets on Wednesday, November 12, 2025, with the Daily Nigerian Foreign Exchange Market (NFEM/NAFEM) fixing around ₦1,437 per US dollar while Lagos parallel-market dealers quoted the dollar near ₦1,455–₦1,465. The official NFEM rate — the Central Bank of Nigeria’s volume-weighted benchmark used for … Continue reading “Dollar to Naira exchange rate today, November 12, 2025”
•As MOFI Real Estate Investment Fund Lists on NGX By Peter Egwuatu The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has assured investors that the Federal Government will revisit provisions on Capital Gains Tax (CGT) in the new tax reform framework to ensure a fair and investor-friendly outcome. Edun made this … Continue reading “Edun pledges review of capital gains tax to boost investor confidence”
Nigeria’s digital infrastructure took a significant step forward with the commissioning of Africa’s largest fibre optic cable factory and the continent’s first fibre-reinforced plastic (FRP) manufacturing facility. Industry experts say the plant, built by Coleman Technical Industries Limited (CTIL) in Sagamu, Ogun State, is a strategic asset for national development. Commissioned by President Bola Ahmed Tinubu, … Continue reading “Nigeria unveils Africa’s largest fibre optics factory with local funding”
…Matter’ll soon be resolved— Govt official By Dayo Johnson Akure —Aggrieved farmers from five communities in Ondo East Local Government Area of Ondo State have protested the alleged illegal detention of two traditional rulers and the forceful takeover of their ancestral lands. The protesters, who stormed the Governor’s Office, came from Italemikan, Abusoro, Ateru, Igbomowo … Continue reading “Ondo farmers protest alleged illegal detention of 2 monarchs, forceful takeover of lands”