Dangote Offered To Pay Sacked Workers Five Years Salaries Without Work – Sources
Fresh reports have revealed that Africa’s richest man, Aliko Dangote, offered to pay some of his sacked workers five years’ worth of salaries without them doing any work. According to sources, the unusual gesture came as part of efforts to soften the impact of the mass layoffs in some of his companies. The move surprised […]
FMDQ Faces 67% Trading Volume Loss As CBN Shifts To Internal Platform
The FMDQ Securities Exchange has recorded a sharp 67% drop in trading volumes after the Central Bank of Nigeria (CBN) redirected most of its foreign exchange transactions to its own internal platform. This shift has significantly reduced activity on FMDQ, raising concerns among market operators about transparency and liquidity. Analysts argue that the move by […]
Ajaokuta Steel Will Bounce Back Soon – Rep
A member of the House of Representatives has assured Nigerians that the long-abandoned Ajaokuta Steel Company will soon return to full operations. He explained that the federal government is already making moves to revive the project, which has the potential to create jobs, boost industrialization, and reduce Nigeria’s dependence on imported steel. The lawmaker noted […]
VP Shettima Returns To Abuja After UNGA80 And Germany Missions
Nigeria’s Vice President, Kashim Shettima, has returned to Abuja after representing the country at the 80th United Nations General Assembly (UNGA80) in New York and an official mission to Germany. During his trip, Shettima engaged with world leaders, development partners, and investors to strengthen Nigeria’s global ties and push for more international support in key […]
Nigerians Want FG To Tackle Insecurity With Same Urgency As Revenue – Atiku
Former Vice President Atiku Abubakar has urged the Federal Government to show the same level of urgency in addressing insecurity as it does in generating revenue. He noted that while the government is quick to implement policies aimed at boosting income, it often appears slow in responding to the worsening security challenges facing Nigerians. Atiku […]
Rivers State Government Seeks Full Utilisation Of Seaports
The Rivers State Government has restated its commitment to ensuring that seaports within the state are fully operational and utilised to drive economic growth. Speaking on the development, state officials noted that despite Rivers’ strategic coastal position, its seaports remain underutilised, forcing most businesses to depend heavily on Lagos ports. This situation, they explained, has […]
FG, States, LGs Shared ₦2.2 Trillion August Revenue – FAAC
The Federation Account Allocation Committee (FAAC) has announced that the Federal Government, states, and local government councils shared a total of ₦2.225 trillion as revenue for August 2025. This marks an increase of ₦224.1 billion (11.2%) compared with the ₦2.001 trillion shared in July. According to a statement by the Office of the Accountant General […]
Presidential aide, Segun Dada, reacts to post claiming price of a sack of Onion has drastically reduced
Presidential aide Segun Dada has reacted to a recent post on X about the falling price of onions in Nigerian markets. He shared his thoughts on Monday, September 16, after the claim went viral online. An X user had said that the price of a sack of onions has now reduced to about ₦29,000. The […]
National Grid collapse: Peter Obi reminds President Tinubu of his promise to not seek a second term if he fails to solve power issues in his first term
As the 2027 elections get closer, former presidential candidate Peter Obi has reminded President Tinubu of his campaign promise that he would not run for a second term if he fails to solve Nigeria’s electricity problems in his first term. Obi made this reminder on his X account on September 10, after Nigeria experienced yet […]
Nigeria’s economy is now stable – President Tinubu
President Bola Tinubu has said that Nigeria’s economy is now stable thanks to his administration’s bold reforms. He stated that these actions have helped the country gain respect globally. He made the remarks at the State House while receiving His Imperial Majesty, Oba Ghandi Afolabi Oladunni Olaoye, Orumogege III, the Soun of Ogbomosoland, along with […]