Chinwe Igbokwe

NDLEA Seizes 2,530kg of Narcotics in Taraba Raid

NDLEA Seizes 2,530kg of Narcotics in Taraba Raid

The National Drug Law Enforcement Agency has seized 2,530 kilogrammes of illicit drugs and arrested 382 suspects in Taraba State. State Commander Javanson Kwalma announced the cumulative results of the anti-narcotics campaign during a security briefing on Thursday. Operatives intercepted massive quantities of cannabis sativa, tramadol, codeine syrup, and methamphetamine over the first half of…

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African Nations Push Back Against Raw Mineral Exploitation

African Nations Push Back Against Raw Mineral Exploitation

African governments are systematically rewriting the extractive bargain by demanding local processing of their natural resources. From Kenya to Ghana and Mali, states increasingly insist that critical minerals undergo domestic refinement before export. This policy shift targets rare earths, lithium, graphite, copper, and nickel. The global energy transition has triggered an insatiable demand for these…

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APC, ADC, Seven Others Collect INEC 2027 Nomination Codes

INEC, Parties Clash Over Digital Candidate Uploads

The Independent National Electoral Commission is locked in a bitter dispute with political parties over portal access codes for candidate nominations. Opposition groups claim the commission is using technical delays to compromise the 2027 election timeline. Electoral officials insist that access tokens will only go to legitimate party executives. This digital bottleneck threatens to disrupt…

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Nigeria Misses Tax Targets Despite Ongoing Reforms - Oyedele

Nigeria Misses Tax Targets Despite Ongoing Reforms – Oyedele

Nigeria is still falling significantly short of its statutory tax revenue targets despite the implementation of extensive fiscal adjustments. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed the ongoing deficit during a courtesy visit in Abuja on Thursday. The minister hosted the leadership of the Chartered Institute of Taxation of Nigeria…

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Debt Servicing Eclipses Social Spending Five Times Over - ActionAid

Debt Servicing Eclipses Social Spending Five Times Over – ActionAid

Nigeria spends nearly five times more of its national revenue on servicing external debts than on healthcare and education combined. A damning report by ActionAid International and ActionAid Nigeria revealed the fiscal imbalance on Tuesday. The advocacy group directly accused the International Monetary Fund of pushing hostile policies that deliberately undermine social development. The country…

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UN Evacuates Eleven Thousand Sailors From Hormuz

UN Envoy Warns Impunity Erodes Nigerian Fundamental Rights

Widespread insecurity and systemic institutional impunity are actively dismantling fundamental human rights across Nigeria, United Nations rights envoy, Nazila Ghanea, has warned. The international body delivered this critical assessment following an extensive structural review of the country’s domestic security and judicial architecture. The report notes that the state’s inability to protect civilians from non-state armed…

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Investors Lose N2.4trn to Stock Market Profit Taking

NGX Restores Graduated Pricing Rules for Stock Movements

The Nigerian Exchange Limited is dismantling its uniform price-discovery framework to restore liquidity and ease trading bottlenecks in high-priced equities. The bourse plans to revert to a graduated, three-tier volume structure heavily inspired by its 2018 market-microstructure guidelines. This regulatory shift cancels the blanket 100,000-unit requirement implemented in recent years to police equity price adjustments….

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FG Launches Subscription-Free TV to Force Digital Switch

FG Launches Subscription-Free TV to Force Digital Switch

The Federal Government launched a national free-to-air digital television platform today to accelerate its long-delayed transition from analogue broadcasting. The project, dubbed FreeTV, promises households across the country access to over 100 channels without a monthly fee. This rollout represents a critical reset of Nigeria’s Digital Switch-Over programme. Previous attempts cost the state over N60…

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IMF Flags Huge Unrecorded Nigerian State Spending

IMF Says Naira Undervalued by 25 Percent

Nigeria’s sweeping foreign exchange reforms have yet to align the local currency with economic reality. The International Monetary Fund states that the naira trades roughly 25.6 percent below its fair value. According to the Washington-based lender, its Real Effective Exchange Rate model shows that the currency remains heavily undervalued despite recent gains. This persistent gap…

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