IMF Urges Nigeria to Target Subsidy Savings at the Poor
The International Monetary Fund has advised Nigeria and other African governments to channel savings…
IMF Urges Nigeria to Target Subsidy Savings at the Poor
The International Monetary Fund has advised Nigeria and other African governments to channel savings from subsidy reforms towards targeted social protection for vulnerable citizens amid rising living costs. The International Monetary Fund (IMF) has urged the Nigerian government to ensure that savings from subsidy reforms are directed towards social protection programmes for poor and…
AFC Appoints Cardoso as Board Chairman
The Africa Finance Corporation has appointed CBN Governor Olayemi Cardoso as board chairman as Nigeria seeks $78.5bn in investment for 65 projects and assures investors of continued economic reforms. The Africa Finance Corporation (AFC) has appointed the Governor of the Central Bank of Nigeria, Olayemi Cardoso, as Chairman of its Board of Directors. Cardoso succeeds…
THE BEAUTIFUL ONES ARE NOT YET BORN: Nigeria’s Petroleum Paradox and the Unfinished Business of Fuel Reform
By N’Mazi Obiomah O. Igbokwe The man and the stench of a broken society Some books hold up a mirror to society so uncomfortably that readers must confront truths they would rather avoid. Ayi Kwei Armah’s The Beautiful Ones Are Not Yet Born, published in 1968, examines corruption, political betrayal and the struggle to preserve…
Oyedele: Nigeria Cannot Build $1trn Economy in Darkness
Finance Minister Taiwo Oyedele has said Nigeria “cannot power a $1 trillion economy in darkness”, as he outlined a fresh round of fiscal reforms covering power, agriculture, regulation, inflation and data management. He spoke on Wednesday at the Nigerian Investors’ Forum, held on the sidelines of the IMF and World Bank Annual Meetings in…
Toyin Abraham Faces Backlash Over Leaked Audio Involving Funke Akindele
Nollywood actress Toyin Abraham has come under criticism following the circulation of a leaked audio recording of a private conversation between her and a TikTok fan, Bisgold, which has reignited discussions about her strained relationship with fellow actress Funke Akindele. The recording, which reportedly lasts 11 minutes and 42 seconds, began circulating on social media…
DSS Case: Court Sets January Trial For Ogoni Leader Gani Topba
Ogoni activist Gani Topba will return to the Federal High Court in Port Harcourt on January 18 and 19, 2027, for the start of his trial on charges of terrorism, cybercrime and calls for the seizure of oil wells in Ogoniland. Justice Mohammed Turaki fixed the dates after Topba’s lawyers asked for more time…
US Posthumously Honours Olu Jacobs, RMD, Kunle Afolayan, Five Others
The United States Consulate General in Lagos has posthumously honoured veteran Nollywood actor Olu Jacobs with a Creative Industry Legend Award, alongside seven other Nigerian creative industry leaders for their contributions to strengthening professional and commercial ties between Hollywood and Nollywood. The recognition took place at a creative industries reception themed “Reel Connections from Hollywood…
Reserves At 18 Year High Backed 350bps Cut, Says CBN Governor
Central Bank of Nigeria Governor Olayemi Cardoso says record external reserves, falling inflation and steady growth gave the apex bank the room to deliver last month’s surprise interest rate cut. He described the move as an overdue repair of how monetary policy works in the country. “It took the market by surprise, and markets,…
Immigration Officer Killed, Body Burnt In Niger Ambush, NIS Confirms
The Nigeria Immigration Service (NIS) has confirmed that one of its officers was killed and another seriously injured when armed men attacked a two-man surveillance patrol in Borgu, the Niger State border district that has become one of the most violent corners of the North Central. The attack took place at about 11.30am on…
Osimhen’s Pregnant Partner Escapes Injury In Istanbul Crash
Stefanie Kim Ladewig, the partner of Super Eagles striker Victor Osimhen, has walked away unhurt from a three-vehicle collision in Istanbul, Türkiye. The 26-year-old model, who is eight months pregnant, was taken to hospital for precautionary checks after the accident and later discharged in good health. No one was injured in the crash, although all…