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Daily Archives: Jul 4, 2025

US Issues First Wave of Iran Sanctions After Ceasefire in 12-Day War

The United States has imposed a new wave of sanctions against Iranian oil exports, targeting an Iraqi businessman and his company for allegedly smuggling...

Russia Becomes First Country to Recognise Afghanistan’s Taliban Govt.

Russia has accepted the credentials of a new ambassador of Afghanistan, becoming the first country to officially recognize the Taliban government. The move is...

Senate Begins Nationwide Constitution Review Hearings Today

The Nigerian Senate has announced the commencement of public hearings on the review of the 1999 Constitution (as amended), starting today. These hearings are scheduled...

Capital Projects Get Just 20% of N25tn 2024 Budget

The Federal Government of Nigeria has allocated only N4.99 trillion—just 20 percent of its N24.91 trillion 2024 budget—to capital projects, deepening public concern over...

Nigeria Achieves Three-Year Milestone Without Pirate Attacks – FG

The Federal Government of Nigeria has announced that the country has recorded zero piracy incidents in its territorial waters over the last three years....

Nigeria Records Zero Grid Collapse in Q1 2025 – NERC

In a landmark development for Nigeria’s power sector, the Nigerian Electricity Regulatory Commission (NERC) reported zero incidents of national grid collapse in the first...

Foreign Deals Jump to N118.9bn on NGX

Foreign portfolio investments on the Nigerian Exchange Limited (NGX) surged by 88.54% to N118.9 billion in May 2025, reflecting renewed international confidence in the...

GTCO Plans $100m Capital Raise via London Stock Exchange Listing

Guaranty Trust Holding Company Plc (GTCO) is set to raise approximately $100 million through a fully marketed equity offering on the London Stock Exchange...

Reps Advances Bill for Free Internet Access in Public Spaces

A legislative proposal seeking to provide a legal foundation for the implementation of free internet access in designated public locations across Nigeria has passed...

Afreximbank Faces Moody’s Downgrade as President Oramah Steps Down

The African Export-Import Bank (Afreximbank) is undergoing a critical transition, both in leadership and market confidence, as President and Chairman of the Board, Professor...

CBN Reforms and Economic Policies Boost Investment Appeal

Nigeria’s investment profile is witnessing a significant revival as international investors and global institutions laud recent monetary and structural reforms championed by the Central...

CJN Appoints Adejumo as National Judicial Institute  Administrator

The Chief Justice of Nigeria (CJN), Hon. Justice Kudirat Kekere-Ekun, has approved the appointment of Justice Babatunde Adeniran Adejumo as the new Administrator of...

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