“Nigeria’s Gross Domestic Increases By 4.23%” – NBS
Nigeria’s Gross Domestic Product rose by 4.23 per cent year-on-year in real terms in the second quarter of 2025, according to the latest figures released on Monday by the National Bureau of Statistics. The performance was stronger than the 3.48 per cent growth recorded in the same period of 2024, showing that the economy gained momentum despite persistent structural challenges....
“N11,000 Flight Charge No Longer Realistic” – FG
The Director-General of the Nigerian Airspace Management Agency (NAMA), Farouk Umar, has warned that the N11,000 charge currently imposed on airlines per flight is no longer realistic, given the rising cost of maintaining aviation infrastructure. Speaking in Abuja on Tuesday at a summit convened by the House of Representatives Committee on Aviation, Umar noted that the fee, unchanged since 2008,...
Naira Appreciated To N1,535/$ In Parallel Market
The Naira yesterday depreciated to N1,535 per dollar in the parallel market from N1,525 per dollar on Monday. But the Naira appreciated to N1,485.05 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira fell to N1,485.05 per dollar from N1,495 per dollar on...
Experts Disagree As Presidency Claims Inflation To Drop To Single Digit
The Presidency has assured Nigerians that the inflation rate in the country is heading towards a single digit and would translate to better living conditions for the masses. Special Adviser to the President on Economic Matters, Tope Fasua, who gave the assurance, as guest on Channels Television’s The Morning Brief yesterday, also said the drop in the inflation rate has...
Farmers Slams FG’s Police As Agro-imports Hit N2.2tn
Nigeria’s agricultural import bill soared to N2.22tn in the first half of 2025, drawing strong criticism from farmers, rice millers, and stakeholders who argue that the Federal Government’s policies are undermining local production and worsening food insecurity. The stakeholders also criticised the recent order by President Bola Tinubu to reduce food prices. On September 11, 2025, it was reported that...
Tinubu, Soludo Meet To Discuss Democracy, Security, And Economic Reforms
President Bola Ahmed Tinubu says his meeting with Anambra State Governor, Prof. Charles Chukwuma Soludo, at the Presidential Villa, Abuja, centered on deepening democracy, strengthening security, and advancing ongoing economic reforms. In a statement on his official X handle on Wednesday, Tinubu described Soludo as “a friend of over two decades,” adding that both leaders share a vision for progressive...
Foreign Transactions Increases To N118.9bn On NGX
Foreign portfolio transactions on the Nigerian Exchange Limited surged to N118.9bn in May 2025, representing an increase of 88.54 per cent compared to N63.07bn recorded in April 2025. The rise in foreign inflows, equivalent to about $74.97m at the prevailing exchange rate, contributed significantly to the overall equity market activity, which saw total transactions jump by 45.32 per cent from...
Aiyedatiwa Approves N33.8 Billion For OSOPADEC, Tasks New Board On Grassroots Development
Ondo State Governor, Dr. Lucky Aiyedatiwa, has approved a record-breaking N33.8 billion budget for the Ondo State Oil Producing Areas Development Commission (OSOPADEC), marking the highest allocation ever granted to the agency. The governor disclosed this on Monday in Akure during the inauguration of the newly constituted OSOPADEC Board. He stated that the funding would be channeled toward addressing critical...
”Nigeria’s Growth Retained at 3.6%” – World Bank
The World Bank has predicted that Nigeria's economy is expected to grow by 3.6% in 2025, despite changes in the dynamics of international trade. This was disclosed in its twice-yearly Global Economic Prospects report released on Tuesday, where it slashed its forecasts for nearly 70 per cent of all economies, including the United States, China, and Europe, as well as...
FG: Fuel Subsidy Removal Saved Nigeria $84bn, Funded Major Infrastructure Projects
The Federal Government has declared that President Bola Tinubu’s removal of the petrol subsidy has ended a massive financial drain that cost Nigeria over $84 billion and enabled the funding of 40 key road projects within two years. This was revealed in a policy document titled “Two Years Later: Key Benefits of Subsidy Removal”, released by the National Orientation Agency...
![Ohafia Monarchs Reject 'UDUMEZE OF OHAFIA' Title, Insist It's Unrecognized, Misleading [Document Attached]](https://abntv.com.ng/wp-content/uploads/2025/07/FB_IMG_1752179354516-300x194.jpg "Ohafia Monarchs Appeal For Calm, Reaffirm Neutrality In Ohafia Improvement Union Election Process")
![Ohafia Monarchs Reject 'UDUMEZE OF OHAFIA' Title, Insist It's Unrecognized, Misleading [Document Attached]](https://abntv.com.ng/wp-content/uploads/2025/07/FB_IMG_1752179354516-100x75.jpg "Ohafia Monarchs Appeal For Calm, Reaffirm Neutrality In Ohafia Improvement Union Election Process")