Ebenezer Chukwudi

UK Pledges Support for Nigeria’s Investment Climate Reforms

UK Pledges Support for Nigeria’s Investment Climate Reforms

The United Kingdom has committed to a side-by-side partnership with Nigeria to dismantle bureaucratic bottlenecks and stabilise the country’s business environment. Alice Clarke, Head of Macroeconomic Stability at the British High Commission, announced the move during a diplomatic roundtable in Abuja. She noted that businesses do not experience reform in theory but through the speed…

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China Breaks Automobile Records: Produces 34.5 Million Vehicles in 2025

China Breaks Automobile Records: Produces 34.5 Million Vehicles in 2025

China has cemented its status as the world’s automotive factory, producing a record 34.5 million vehicles in 2025. This marks the 17th consecutive year the country has led global production, with sales following closely at 34.4 million units. Data from the China Association of Automobile Manufacturers (CAAM) shows a 10.4% jump in production and a…

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CBN Probes Banks Over Domiciliary Account Cash Rationing

CBN Mandates Naira-Only Payouts for Diaspora Remittances from May 1

The Central Bank of Nigeria (CBN) has ordered that all international money transfers be paid out exclusively in Naira starting May 1, 2026. In a directive issued on Wednesday, the apex bank stripped beneficiaries of the option to receive foreign currency directly from International Money Transfer Operators (IMTOs). Instead, all incoming funds must be converted…

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Nigerian and Ghanaian Forces Rescue 44 Ghanaian Citizens

Nigerian and Ghanaian Forces Rescue 44 Ghanaian Citizens

The Ghanaian government has secured the return of 44 citizens rescued from a sophisticated human trafficking syndicate operating in Nigeria. In a coordinated operation involving Nigeria’s State Security Service (SSS) and Ghanaian intelligence, the victims were extracted from exploitative conditions and flown back to Accra on Friday. This intervention marks a significant success in cross-border…

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NiMet Tests Digital Hub for Farm Weather

NiMET Laments Zero Federal Funding Amid Climate-Health Push

The Nigerian Meteorological Agency (NiMET) has disclosed a total lack of federal budgetary support, revealing that its statutory operations are funded entirely through Internally Generated Revenue (IGR). Despite this fiscal drought, the agency reaffirmed its commitment on Wednesday to building a climate-resilient health system. Speaking at the “Wiser-Health” workshop in Lagos, Director of Research and…

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Lagos Traffic: Kara Gridlock Persists as Motorists Face Slow Movement on Lagos-Ibadan Expressway

Kara Bridge Repairs to Resume Wednesday After Gridlock Pause

The Federal Government has announced that rehabilitation work on the Kara Bridge section of the Lagos-Ibadan Expressway will resume on Wednesday, March 4. The project, which involves the critical replacement of deteriorated expansion joints, was abruptly suspended on Saturday after construction-induced gridlock paralysed the corridor. Layi Komolafe, the Federal Controller of Works in Ogun State,…

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