Collaborative Effort Between NIMASA, The Port Facility Security Officers Forum Of Nigeria (PFSOFN)
Key Highlights: 1. National Maritime Security Strategy in the Works NIMASA, Nigeria’s Designated Authority for implementing the ISPS Code, is leading efforts to formalize a national strategy focused on securing: Territorial waters Port facilities Shipping lanes Offshore oil and gas assets 2. Importance of the Blue Economy The Blue Economy, recently institutionalized by the Nigerian government via a dedicated ministry, is...
Organic Farming Alone Can’t Feed Nigeria’s Population – AFAN
The All Farmers Association of Nigeria (AFAN) has expressed concern over the viability of organic farming as a sole solution to Nigeria’s food security challenges, citing its limitations in meeting the demands of the country’s rapidly growing population. Speaking in an interview with journalists in Lagos on Friday, Mr. Femi Oke, the chairman of AFAN for the Southwest and Lagos...
Global Trade War: Naira Value Depreciates Amid Forex Outflows
The ongoing tariff war between the United States and certain nations has created uncertainty, which has caused foreign exchange to leave Nigeria and caused the naira to depreciate for two weeks. This prompted the Central Bank of Nigeria, CBN, to intervene in the forex market last week, selling up to $500 million, to boost supply. However, the naira still depreciated week-on-week,...
Nigeria Expands Economic Relations With Germany To Create Jobs, Investments
The Nigerian Federal Government is fortifying its relationship with Germany in an effort to encourage foreign direct investment and boost economic expansion. The Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, disclosed this on Tuesday while welcoming a delegation from the IHK Giessen-Friedberg Chambers of Commerce and Industry of Germany. The delegation’s visit aims to enhance Nigeria’s economic relations with...
Africa’s Economic Policies Rely On Borrowed Concepts — Moghalu
Kingsley Moghalu, the president of the African School of Governance and a former deputy governor of the Central Bank of Nigeria, has criticized Africa's economic strategies for lacking originality and philosophical depth. Speaking on the theme “Leadership in Africa” during the Toyin Falola interviews on Monday, Moghalu condemned the reliance on ineffective, borrowed ideas from the West that fail to...
Tinubu’s 2025 Budget Full Of Unrealistic Expectations, Says SDP’s Adebayo
The presidential candidate of the Social Democratic Party (SDP) in the 2023 general elections, Prince Adewole Adebayo, has criticised the 2025 budget proposals presented by President Bola Ahmed Tinubu to the National Assembly, describing them as full of contradictions and unrealistic expectations. Adebayo accused the government of insincerity, highlighting the exchange rates fixed in the budget and inflation projections as...
CBN Raises Interest Rate To 27.50%
Nigeria's interest rate was raised by 25 basis points by the Central Bank of Nigeria from 27.25 percent in September 2024 to 27.50 percent in November. The Governor of CBN, Olayemi Cardoso, disclosed this during a press briefing on Tuesday after the 298th MPC meeting in Abuja. “The Committee was unanimous in its agreement to raise the monetary policy rate by...
Tinubu Tells IMF That Nigerians Are Happy With His Economic Reforms
President Bola Tinubu has said Nigerians are now seeing the positive results of his administration’s reforms. Since he assumed office in May 2023, Tinubu has scrapped subsidy on petroleum products and floated the naira, the result of which worsened inflation and subjected the masses to hardship. But receiving the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, on the...
Tinubu Piloting Nigeria To Economic Recovery — Shettima
Vice President Kashim Shettima says Nigeria is currently on the path of economic recovery. Shettima stated that the country’s Gross Domestic Product (GDP) grew by 2.98 percent year-on-year in real terms in the first quarter of 2024. According to him, the performance of the GDP in the first quarter of 2024 was driven mainly by the services sector, which recorded a...
FG Secures Fresh $134m Loan From AfDB To Boost Dry Season Farming
The Federal Government has secured a loan facility of $134million from the African Development Bank (AfDB) to help farmers boost seeds and grain production in the country. This is contained in a statement issued by Anthonia Eremah, Chief Information Officer, Ministry of Agriculture and Food Security, on Thursday, in Abuja. Minister of Agriculture and Food Security, Sen. Abubakar Kyari, made this...
![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")