Month: April 2025

Nigeria Records $6.83 Billion Balance of Payments Surplus in 2024, Signaling Economic Turnaround

When President Bola Ahmed Tinubu assumed office on May 29, 2023, he inherited an economy under significant strain. Less than two years later, signs of recovery are emerging, according to a recent statement from the Central Bank of Nigeria (CBN). In a report titled “Nigeria Posts $6.83 Billion Balance of Payments Surplus in 2024, Signaling […]

Like Father, Like Son: Ganiyu Obasa Declares Ambition for APC Chairmanship in Agege

Ganiyu Obasa, the 32-year-old son of Lagos State House of Assembly Speaker Mudashiru Obasa, has thrown his hat into the ring for the All Progressives Congress (APC) chairmanship in Agege Local Government Area. Ganiyu made his formal declaration on April 5, 2025, at a rally attended by party ward executives and supporters. Speaking passionately at […]

FCTA Moves to Boost Food Security with First-Ever Agricultural Policy for Abuja

In a bid to strengthen food security in the nation’s capital, the Federal Capital Territory Administration (FCTA) has initiated the development of a comprehensive agricultural policy—its first since the creation of the FCT. Speaking at a stakeholders’ engagement forum held in Gwagwalada on Wednesday, the Acting Director of Planning, Research and Statistics at the FCT […]

FG Reaffirms Commitment to Naira-for-Crude Deal with Dangote, Local Refineries

Despite recent disruptions, the Nigerian government has restated its commitment to the naira-for-crude deal with Dangote Refinery and other domestic refineries, asserting that the policy remains firmly in place and is not a temporary intervention. This assurance came from the Technical Sub-Committee on the Crude and Refined Product Sales in Naira Initiative following a stakeholder […]

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