Bokku Mart has tendered a public apology after it faced widespread criticism for a viral advertisement that was widely condemned. It all began when a female influencer, identified as Defolah, featured in a promotional video on the supermarket’s social media…
President Bola Ahmed Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on petrol and diesel imports into Nigeria. The initiative is aimed at protecting local refineries and stabilising the downstream market, just as it is…
The Federal Government on Wednesday, signed a $400 million cooperation agreement with Stellar Steel Company Limited, a Chinese-backed firm, to establish a major steel plant in Ewekoro, Ogun State. The deal was signed in Abuja between the Federal Ministry of…
Elon Musk’s company xAI launched Grokipedia on Monday to compete with online encyclopedia Wikipedia, which he has accused of ideological bias. The site dubbed version 0.1 had more than 885,000 articles by Monday evening, compared to Wikipedia’s more than seven…
The Financial Action Task Force has officially removed Nigeria from its list of jurisdictions under increased monitoring, also known as the grey list. The decision was taken at the FATF October 2025 Plenary in Paris, France, following the country’s successful…
The National Economic Council has raised alarm that Nigeria’s solid minerals including gold, are being stolen, as it expanded the mandate of its Ad-hoc Committee on Crude Oil Theft Prevention and Control to cover illegal mining. The chairman of the…
Foreign Investors from Washington DC have expressed confidence in Nigeria’s ongoing economic reforms. This was disclosed as various speakers at the Nigeria Investors Forum held on the sidelines of the 2025 WBG/IMF Annual Meetings in Washington D.C., yesterday, spoke. According…
The European Union has approved a €190 million (about N320.5bn) credit line to expand lending to farmers and agribusinesses through Nigerian commercial banks and development finance institutions. The facility was provided by the European Investment Bank and was confirmed in…
Federal Government is in advanced talks with China’s Export-Import Bank for a $2 billion loan to build a new electricity super grid designed to tackle Nigeria’s long-standing power supply challenges. According to Bloomberg, the proposed grid project aims to strengthen…
The Central Bank of Nigeria (CBN) has introduced new operational guidelines for agent banking, setting a ₦1.2 million daily transaction cap per Point-of-Sale (POS) agent and a ₦100,000 daily limit for individual customers. The revised framework, signed by the Director…
