Business

$2.5 billion swap will expand to $10 billion for smoother trading … A move is expected to reduce demand for the US dollar Daud Olatunji The federal government is in advanced talks with China to expand the existing Naira-Yuan currency swap from $2.5 billion to $10 billion, a move aimed at easing pressure on the US dollar, stabilizing the naira …

By Ayo Kehinde The International Atomic Energy Agency (IAEA) said Iran is not building nuclear weapons, but warned that the country’s enrichment of uranium to 60% purity remains a serious concern for the international community. The agency’s director general, Rafael Grossi, revealed that inspectors found no evidence of “a systematic and structured program to manufacture nuclear weapons” in Iran, despite …

Clerk Ogunlana Launches Cutting-Edge Newsroom in NASS, Signaling New Era of Institutional Reform By Raphael Ekpang Nigeria’s National Assembly has commissioned an ultra-modern newsroom as part of ongoing efforts to strengthen transparency, improve institutional efficiency and modernize legislative communication. Speaking at the commissioning ceremony on Tuesday, the Clerk of the National Assembly, Barrister Kamoru Ogunlana, described the facility as more …

The equity market continued to recover as investors gained N710 billion at the end of trading on Tuesday. This follows a surge in share prices, including shares such as Sunu Assurance, UACN and Oando on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 196,621.96 points from 195,514.23 points on the previous trading day. After five hours …

A major interest group within the African Democratic Congress (ADC), known as ADC Grassroots Mobilization for Change (AGMC), has condemned the violent attack on some party leaders during a meeting in Edo State on Sunday. In a statement released Tuesday by its communications director, Andrew Iguebor, the group described the incident as a dangerous escalation of political intolerance that poses …

The Nigerian Communications Commission (NCC) has mandated telecommunications companies to issue a minimum 14-day notice before deactivating inactive SIM cards. This development is aimed at strengthening consumer protection and fraud prevention in the telecommunications sector. The move is part of a broader regulatory review related to the planned rollout of the Telecom Identity Risk Management System (TIRMS), a new cross-sector …

Post views: 12 Five days of hotly contested events of the 2nd edition of the Niger Delta Games (NDG) concluded with a funfair on Thursday, February 26 at the Samuel Ogbemudia Stadium in Benin City, Edo State. The host state topped the medal table of a national sports festival for the first time in a long time with 52 …

Value Added Tax (VAT) collections rose sharply to N2.28 trillion in the third quarter of 2025, reflecting an increase of 10.66 per cent compared with N2.06 trillion generated in the second quarter, the National Bureau of Statistics said. The new figures are contained in the 2025 Quarter III Sectoral VAT Distribution report which was released on the agency’s website, Tuesday. …

The Nigerian Communications Commission (NCC) has proposed a minimum 14-day notice to telecoms subscribers before their SIM cards are deactivated due to inactivity or postpayment abandonment. The recommendation is part of a consultation document entitled Stakeholder Consultation Process for the Telecommunications Identity Risk Management Platform, dated February 2026 and published on the NCC website. Under proposed changes to the company’s …

By Victor Osula, Abuja The Federal Government has withdrawn the Abuja-bound carriageway of the ongoing Mararaba-Keffi road reconstruction project from China Harbor Engineering Company Limited, warning that no payment certificates will be issued for sub-standard works. Works Minister David Umahi announced the decision during an inspection of the 43.65 kilometer dual carriageway, citing the company’s “poor performance and uncooperative attitude”. …