In the first quarter (Q1) 2025, Nigeria recorded N5.172 trillion trade surplus, according to the National Bureau of Statistics (NBS). NBS in its “Foreign Trade in Goods Statistics Q12025,” revealed that the country’s import dipped to N15.426 trillion as export rose to N20.59trillion, totally N36.02trillion trade in the period under review. The report said total…
Nigeria’s carrier, Air Peace yesterday accused a prominent senator of assaulting staff and disrupting flight operations at the Murtala Muhammed Airport Terminal 1, Ikeja, Lagos. The was later confirmed to be former Edo State Governor and current senator, Adams Oshiomhole. A viral video circulating on social media showed Oshiomhole in a heated argument with an…
Scientists from Covenant University, Ota, Ogun State yesterday, validated the potent anti-microbial and energy-boosting properties of structured water generated using QNET’s innovative Amezcua Bio Disc 3 technology and other wellness solutions from the stable of the company. Their findings, shared at the Amezcua Science Dialogue, with: “Demystifying the Science Around QNET Products,” as theme, was…
The Central Bank of Nigeria (CBN) has debunked claims suggesting it has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025. The apex bank said the official deadline remains June 3, 2025, as previously announced. A statement issued yesterday by the Acting Director of the Corporate Communications Department,…
The Federal Government has said it remained committed to deploying innovative and fiscally responsible financing strategies to optimise Nigeria’s oil assets, enhance external liquidity, and strengthen macroeconomic stability. The government made the clarification as conversations continue around a proposed crude-for-loan arrangement with Saudi oil giant, Aramco. In a statement, the Federal Ministry of Finance addressed…
Nigeria’s Minister of Foreign Affairs, Mr Yusuf Tuggar, has reaffirmed Nigeria’s commitment to having closer economic and diplomatic cooperation with China. Tugger told the News Agency of Nigeria (NAN) yesterday in China that tangible progress had been made under the Forum on China-Africa Cooperation (FOCAC) framework. Tuggar described FOCAC as not just a forum for…
Provider of flexible office solutions, Regus, has launched a new state-of-the-art workspace in Murjanatu House, Abuja, signaling its continued commitment to supporting freelancers, startups, Small and Medium Enterprises (SMEs), and multinationals across Nigeria. The new 1,200-square-meter location is Regus’ latest addition to its growing portfolio in the country and is expected to deliver between 50…
The Nigerian Communications Commission (NCC) has collaborated with the Association for Progressive Communications and other institutional stakeholders towards addressing challenges confronting rural network connectivity in Nigeria. The collaboration resulted in a two-day workshop hosted in Abuja between June 3 and 4, 2025, to explore policy framework for enabling community networks towards bridging the digital divide…
The Securities and Exchange Commission (SEC) has reiterated its ban on the Crypto Bridge Exchange (CBEX), operating under the corporate identity of ST Technologies International Ltd., in Nigeria. This is as the promoters of the platform are seeking for court bail from the custody of Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC)….
