Author: Akintayo Adams

The Nigeria Customs Service (NCS) has announced that it has surpassed its 2024 revenue target of ₦5.7 trillion, collecting over ₦5.9 trillion as of November 12, 2024. This achievement was revealed by the Comptroller-General of Customs, Adewale Adeniyi, during the 2024 CGC Conference in Abuja. Adeniyi attributed this success to enhanced stakeholder collaboration, improved processes, and modernized systems. The NCS has also made significant seizures of prohibited items valued at over ₦28 billion in duty-paid terms. This milestone demonstrates the effectiveness of the NCS’s strategy in revenue collection and trade facilitation, and it is projected to exceed the annual target…

The Guardian, a prominent U.K. newspaper, has announced its departure from the social media platform X, formerly known as Twitter. The decision comes amid concerns over the influence of billionaire owner Elon Musk during the U.S. election process. In a statement released on Wednesday, The Guardian cited the increasing negatives of being on X, stating that resources could be better utilized in promoting their journalism elsewhere. The newspaper highlighted the often disturbing content found on the platform, including far-right conspiracy theories and racism, as a significant factor in their decision. The Guardian also pointed to Musk’s role in the recent…

Ademola Adeleke, Governor of Osun State has presented the state’s budget for the 2025 fiscal year. This occured on Wednesday (Today) at the State’s House of Assembly, Òṣogbo. The Governor noted that “the total size of the Budget 2025 is Three Hundred and Ninety Billion, Twenty Eight Million, Two Hundred and Seventy Seven Thousand, Seven Hundred and Forty Naira Only (390,028,277,740.00). Related || Oyo Governor presents 2025 Budget [DETAILS] “The expenditure comprises Capital Expenditure of One Hundred and Forty-Four Billion, Two Hundred and Thirty-One Million, One Hundred and Eighty-Three Thousand, Eight Hundred Naira (N144,231,183,800.00), Recurrent Expenditure of Two Hundred and…

The Fulbright Program is one of the most prestigious scholarships available for international students wishing to study in the United States. It offers fully funded scholarships for both Master’s and Ph.D. programs. Apply || Wageningen University Scholarship for African Masters’ Students Here are some key details: Apply || Nigerian Air Force Direct Short Service Commission (DSSC) Recruitment Fulbright Scholarship Application Process Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

Nigeria’s foreign reserves have increased to $40.167 billion as of November 11, 2024, marking the highest level since 2022. This significant rise from $38.3 billion recorded in September is attributed to improved policies by the Central Bank of Nigeria (CBN), particularly those involving International Money Transfer Operators (IMTOs), which have boosted diaspora remittances. CBN Governor Olayemi Cardoso noted that these reforms are yielding positive results, with notable improvements in the foreign exchange market and stabilization of foreign reserves. Despite this positive development, the naira continues to face pressure in the forex market, recently falling to ₦1,689.88 per dollar. Get instant…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced a reduction in petrol prices following a new agreement with the Dangote Refinery. According to IPMAN’s National President, Abubakar Maigandi, the price of Premium Motor Spirit (Petrol) will be decreased by ₦50 per litre when members purchase directly from the refinery. Under the new arrangement, petrol will be sold at ₦940 per litre via ships and ₦990 per litre via trucks. As a result, petrol prices at IPMAN outlets, which currently range between ₦1,150 and ₦1,200 per litre, will be reduced to around ₦1,100 per litre, depending on the location.…

Governor Seyi Makinde of Oyo State has presented a budget of ₦678 billion for the 2025 fiscal year to the state House of Assembly. The budget outlines significant allocations to various sectors: The budget also focuses on economic stabilization, aiming to support the implementation of the new minimum wage in Oyo State. Governor Makinde emphasized that efforts will be made to attract more investors to the state in the coming year. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

A massive fire has broken out at the popular fitness centre, Eco Fitness Hub, in Gwarinpa, Abuja. The fire, which erupted on Wednesday, has engulfed large portions of the facility, though the cause remains unknown. However, no casualties have been reported. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

The Nigerian naira saw a sharp decline against the U.S. dollar, trading at ₦1,689.88 per dollar in the official market—a new low, down from ₦1,681.42. Foreign exchange turnover also dropped significantly, exacerbating concerns about the currency’s stability. Meanwhile, at the black market, the naira lost ₦5 to close at ₦1740 on Tuesday from ₦1735, exchanged on Monday. Despite rising foreign reserves, experts worry the naira could slide to ₦2,000 per dollar by year-end unless stabilization measures are implemented. The Central Bank of Nigeria faces increasing calls to step in to address these economic pressures. Get instant and latest news updates…

The governors of Osun and Oyo States, Ademola Adélékè and Sèyí Mákindé, respectively, will today presenttheir 2025 budget proposals to their state Houses of Assembly. In Osun State, Governor Adélékè will unveil the 2025 Appropriation Bill at the Osun State House of Assembly in Osogbo. The budget presentation follows a series of Stakeholders’ Consultative Forum Meetings held across the state, where residents provided valuable insights and suggestions to inform the budgetary process. Governor Adélékè emphasized that the budget aligns with constitutional requirements and aims to address the state’s fiscal future. Meanwhile, in Oyo State, Governor Mákindé presented the 2025 Appropriation…