Business

By Ayo Kehinde The International Monetary Fund (IMF) has revealed that Nigeria has recorded government spending equivalent to around 2% of its gross domestic product (GDP) outside of recent official budgets. He noted that the anomaly created a gap between the country’s reported fiscal deficit and its actual financing needs. IMF Resident Representative to Nigeria, Christian Ebeke, disclosed this while …

Rotary International District 9127 is poised for a technology-driven transformation, with plans to institutionalize artificial intelligence, expand membership and strengthen accountability across the district, newly installed district governor Rotarian Engr. Sikiru Owonikoko, said. Speaking at the start of the new Rotary year and handover ceremony in Abuja on Wednesday, Owonikoko said his administration will prioritize building a disciplined, digitally enabled …

Nigeria’s private sector growth slowed in June as the main purchasing managers’ index (PMI) fell to 53.4 in June, down slightly from May’s reading of 54.1, according to the S&P Global/Stanbic IBTC report for June. According to the June Purchasing Managers’ Index (PMI) report, improving demand conditions helped support further output increases and new orders in Nigeria’s private sector mid-year. …

Post views: 88 By Wakawaka Sports Silversports Football Club of Mbaise drew 1-1 against Chika FC of Owerri in an entertaining encounter at the ongoing Imo State Football Association League 2026. The youngest team in the competition showed marked improvement after learning from the previous match, when they suffered a 3-0 defeat against Evermore FC. Silversports entered the game …

Zainab Abioye The Nigerian Correctional Service, Ogun State Command, has recorded a major milestone in its inmate rehabilitation program as 32 inmates of the Ibara Custodial Centre, Abeokuta, sat for the Basic Education Certificate examination for the first time. The command also urged Nigerians to stop stigmatizing ex-prisoners, warning that rejection by society could undermine rehabilitation efforts and increase the …

The Minister of Energy, Joseph Tegbe, has outlined his ministerial action plan for the stabilization and growth of Nigeria’s electricity sector. This was made known at the second quarterly Nigerian Electricity Supply Industry (NESI) stakeholders meeting recently convened by the Nigerian Electricity Regulatory Commission (NERC) on Sunday in Abuja. The forum, chaired by NERC Chairman, Dr Musiliu Oseni, was attended …

By Ayo Kehinde The federal government has reduced the import levy on new vehicles from 20% to 10% and on used vehicles from 15% to 5% as part of the 2026 tax policy measures. The policy, which came into effect on July 1, aims to reduce the cost of importing vehicles and make cars more affordable for Nigerians. The new …

Two people died of suffocation as thousands of fans crowded the streets of Mexico City during World Cup celebrations, the capital’s health secretariat said on Wednesday.The incident occurred on Hamburgo and Lancaster Streets, near the Angel of Independence symbol, where thousands of soccer fans had gathered to celebrate Mexico’s 2-0 victory over Ecuador in the round of 32.“After receiving advanced …

Post views: 16 In a historic move set to reshape the future of Nigeria’s transport ecosystem, the Federal Road Safety Corps (FRSC) and the Nigerian Institute of Transport Technology (NITT), Zaria, today signed a far-reaching Memorandum of Understanding (MoU) on advanced training, capacity building, research and innovation. The historic agreement, entered into by Corps Marshal, Shehu Mohammed, and NITT …

Officers from the Department of State Services have arrested former Minister of Innovation, Science and Technology, Uche Nnaji, on charges of certificate forgery, marking a new twist in the legal battle surrounding the former cabinet member. PLATFORM TIMES reported that Nnaji was arrested on Wednesday at Akanu Ibiam International Airport, Enugu, as he prepared to board a private jet. The …