NEWS
US-China Trade Deal Reduces Tariff Tension
China confirmed the framework of a trade agreement with the United States on Friday, saying Beijing would "review and approve" items under export controls while Washington would remove "restrictive measures." The two sides agreed after talks in Geneva in May to temporarily lower steep tit-for-tat tariffs on each other’s products. China also committed to easing some non-tariff countermeasures, but US officials...
INEC Chair Praises Soludo For Improved Security In Anambra
Prof. Mahmood Yakubu, the chairman of the Independent National Electoral Commission, has praised Prof. Chukwuma Soludo, the governor of Anambra State, for the notable improvement in the state's security situation. Yakubu made this known during his opening remarks at the second quarterly consultative meeting with political parties held at the INEC Conference Room, Abuja, on Thursday. He noted that the prevailing...
Foreign Investment Increases By 88% To N118.9bn On NGX
In May, foreign portfolio investment on the Nigerian Exchange Limited increased by 88.54 percent, from N63.07 billion in April 2025 to N118.91 billion. This is according to the latest Domestic and Foreign Portfolio Investment Report published by Nigerian Exchange Limited, which showed that both foreign inflows and outflows increased during the period under review. The report stated that foreign inflows stood...
Senate Faults NNPCL Absence During N210trn Probe
On Thursday, the Nigerian National Petroleum Company Limited did not show up for the Senate Committee on Public Accounts' investigation into alleged financial irregularities totalling more than N210 trillion in its audited reports from 2017 to 2023. Despite being summoned, no officials or external auditors from NNPCL showed up. However, representatives from the Economic and Financial Crimes Commission, Independent Corrupt Practices...
Wike, Fubara Ended Political Strife, Forge For Peace
Minister of the Federal Capital Territory, Nyesom Wike, on Thursday night confirmed that the political rift between him and Governor Siminalayi Fubara has been resolved following a peace meeting brokered by President Bola Tinubu in Abuja. Speaking to journalists after the closed-door meeting at the Presidential Villa, Abuja, Wike said both camps had reached a final agreement to end hostilities...
Senate Committee Gives NNPCL CEO 10-Day Deadline To Address Financial Irregularities
The Senate Committee on Public Accounts has issued a 10-day ultimatum to Bayo Ojulari, Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), to respond to 11 significant financial queries concerning discrepancies in the company’s audited financial reports. Failure to meet the deadline, the Senate warned, could lead to serious constitutional repercussions. The committee, led by Senator Aliyu...
Peter Obi’s Brother Heads To Court Over Lagos Property Demolition
The majority shareholder of Next Foods Ltd., Mr. Ndibe Obi—younger brother to the Labour Party’s 2023 presidential candidate, Mr. Peter Obi—has filed legal action over the demolition of his company’s property in Ikeja, Lagos. Legal counsel to the company, Chief Emeka Okpoko, SAN, disclosed in Awka on Thursday that court proceedings have already commenced to challenge the action. “We will make...
NLC Threatens To Shut Down Abuja Following Tinubu’s Project Inaugurations
The Federal Capital Territory (FCT) chapter of the Nigerian Labour Congress (NLC) has announced plans to shut down Abuja following President Bola Tinubu’s project inauguration tour, scheduled to conclude on July 3. The warning was issued by FCT NLC Chairman, Dr. Stephen Knabayi, in an interview with the News Agency of Nigeria (NAN) on Thursday. He said the protest was...
New Tax Reform Bills Set To Take Effect January 2026 – Adedeji
Executive Chairman of the National Revenue Service (formerly Federal Inland Revenue Service), Zacch Adedeji, has announced that the newly signed tax reform bills will take effect from January 1, 2026. Speaking to State House correspondents on Thursday, Adedeji said the timeline was deliberately chosen to provide the government and stakeholders with six months to prepare, educate, and align the reforms...
Lagos Govt Denies Peter Obi’s Claim Over Property Demolition, Urges Probe
The Lagos State Government has denied claims made by Mr. Peter Obi, the former governor of Anambra State, that it demolished a Lagos property purportedly owned by his brother. In a statement released on Thursday, the Lagos State Commissioner for Information and Strategy, Gbenga Omotoso, clarified that neither the Lagos State Building Control Agency (LASBCA) nor any other agency within...
