FIRS Reports 411% Surge as Nigeria’s Revenue Rises to N3.65 Trillion
Nigeria’s federal revenue rose to N3.65 trillion in September 2025, a 411 per cent increase from N711 billion in May 2023, when the current administration came into office. FIRS Executive…
Gilbert Chagoury, Miziara, and the Lebanese-Nigerian Connection
Miziara, a small Lebanese village of 6,000 people overlooking the Mediterranean, symbolizes the deep ties between Lebanon and Nigeria. Many from Miziara have emigrated to Nigeria, where the Lebanese community…
Monetary Policy Committee Cuts Interest Rate, Eyes Economic Recovery
The Central Bank of Nigeria (CBN) has reduced its key interest rate by 50 basis points to 27 percent, signaling the first rate cut in five years. The decision, announced…
Lagos Assembly Raises Alarm Over Fire Outbreaks, Building Collapses
The Lagos State House of Assembly has expressed concern over the growing number of fire outbreaks and building collapses across the state, calling for stronger safety enforcement and faster emergency…
Wike confirms Jonah capital as original owner of River Park Estate
The Minister of the Federal Capital Territory, Nyesom Wike, has put an end to the ownership controversy surrounding River Park Estate in Lugbe, Abuja, declaring JonahCapital Nigeria Limited as the…
Ebonyi Acting Governor Orders Arrest of Contractors Over Substandard Housing Project
The Acting Governor of Ebonyi State, Princess Patricia Obila, has ordered the arrest of contractors responsible for the construction of the Amaeze/Izzo Housing Estate, citing poor workmanship and the use…
Nigeria Urged to Embrace Innovation for Durable Infrastructure
Nigeria’s collapsing highways and runways will continue draining public funds unless innovation becomes central to infrastructure policy, a U.S.-based expert has said. Isaac Oyawoye, a concrete engineer involved in advanced…
Plateau Bets on Housing to Tackle Insecurity, Empower Workers
In a bold move that blends social reform with security strategy, Plateau State Governor Caleb Manasseh Mutfwang has launched the construction of a 2,000-unit workers’ housing estate in Miango, Bassa…
CBN Confirms 14 Banks Meet Fresh Capital Standards Amid Sector Reforms
The Central Bank of Nigeria’s latest recapitalisation drive has entered a decisive phase, with 14 banks now confirmed to have fully complied with the new minimum capital requirements. Governor Yemi…
Turkey Endures Worst Drought in 50 Years
Turkey is facing its worst drought in more than half a century, with rainfall dropping 27 percent below the 30-year average, according to the Turkish State Meteorological Service (MGM). From…