Poland’s state-owned development bank, Bank Gospodarstwa Krajowego (BGK), has launched a $1.1 billion program aimed at helping local companies expand into Africa. The initiative seeks to boost trade with the fast-growing continent, which currently accounts for only about 1.2 per cent of Polish exports. BGK has already financed a $70 million railway project in Tanzania […]
House of Representatives, yesterday, approved President Bola Ahmed Tinubu’s request to raise a total of $2.347 billion from the international capital market to part-finance the 2025 budget deficit and refinance maturing Eurobonds. The approval followed the consideration and adoption of a report by the House Committee on Aids, Loans, and Debt Management, chaired by Abubakar […]
President Bola Tinubu has withdrawn the pardon earlier granted to 175 convicts, including drug traffickers, kidnappers and fraudsters, following public outrage that trailed the initial clemency list released on October 11. This came as the President ordered a review of the pardon granted at the National Council of State meeting on October 9, 2025. A […]
Military investigation into the alleged coup plot has reportedly uncovered a trail of N45 billion disbursed from the bank accounts of the Niger Delta Development Commission to some politically exposed persons and the soldiers detained in connection with the rumoured conspiracy to topple President Bola Tinubu’s administration. Earlier this month, Sahara Reporters reported that 16 […]
The new Chief of Naval Staff, Rear Admiral Idi Abbas, on Thursday assumed office, pledging to intensify the fight against crude oil theft, illegal bunkering and other maritime crimes threatening Nigeria’s economy. Speaking at the Navy Headquarters in Abuja during the handing-over ceremony, the 23rd Chief of Naval Staff acknowledged that despite notable achievements, Nigeria’s […]
President Bola Tinubu has approved a 15 percent ad-valorem import duty on diesel and premium motor spirit (PMS), also known as petrol. This was announced in a letter dated October 21, 2025, where the private secretary to the president, Damilotun Aderemi, conveyed Tinubu’s approval to the Federal Inland Revenue Service (FIRS) and the Nigerian Midstream […]
The Inspector-General of Police, Kayode Egbetokun, has approved the appointment of Assistant Inspector-General of Police, Nkechi Eze, as the first Director of the newly established Directorate of Force Medical Services. In a statement on Thursday, the Force Public Relations Officer, CSP Benjamin Hundeyin, said Eze’s appointment follows the recent upgrade of the Nigeria Police Force […]
