News

Nigerian government reduces import duties on essential goods

The Federal Government has announced major reductions in import duties on essential goods, from foodstuffs to passenger vehicles. New tariffs aimed at countering the rising cost of living in the country will come into effect this July The Fiscal Policy Measures (FPM) 2026 were approved by the Minister of Finance and Coordinating Minister for the Economy, Taiwo Oyedele, on Wednesday. …

Read More »

FG launches flood protection pilot project for 100,000 riverine households in 4 high-risk states

The Federal Government has reaffirmed its commitment to reducing flood risk through its Disaster Risk Reduction Strategy, following a review of the annual flood forecast for 2026. The Director General of the National Emergency Management Agency (NEMA), Mrs. Zubaida Umar Abubakar, disclosed this on Tuesday in Abuja during a two-day technical workshop on the Riverine Household Flood Protection Pilot Exercise. …

Read More »

Actor Danny Glover has revealed he has Alzheimer’s disease

Hollywood actor Danny Glover, has revealed that he has Alzheimer’s disease, but says he refuses to accept it in his mind. The four-time Emmy Award nominee, who will turn 80 on July 22, told People magazine that she was diagnosed with the memory-impairing, progressive disease three years ago. “I still haven’t come to terms with all the pieces of my …

Read More »

The fuel shortage arose because marketers rejected the government’s demand to reduce prices

Nigerians may again experience shortages of fuel products as independent fuel marketers reject the Federal Government’s demand that they reduce fuel prices. Marketers have threatened to close fuel stations across the country if the government implements price controls in the country’s deregulated fuel market. This was a reaction to comments by the Minister of State for Petroleum Resources (Oil), Senator …

Read More »

FG cuts NAC tax on imported vehicles to reduce car prices

The Federal Government has approved a major reduction in the National Automotive Council (NAC) tax on imported vehicles, cutting the rate for new vehicles from 20% to 10% and for used vehicles from 15% to 5%, in a move that is expected to lower the cost of cars across Nigeria. The policy adjustment aims to ease the financial burden on …

Read More »

104 soldiers disappear with rifles after the terrorist raid in Borno

…. Army says missing troops are deserters weeks after ISWAP attack …The military orders a nationwide manhunt and freezes the accounts of affected personnel Daud Olatunji The Nigerian Army has declared 104 soldiers attached to the 162 Amphibious Battalions as deserters after they allegedly went missing with their service rifles following a deadly attack by suspected Islamic State West Africa …

Read More »

Earthquake in Venezuela leaves 680,000 children in need of help: UNICEF

Damage to hospitals, schools and water systems worsened the situation for affected families, many of whom are still displaced. Two earthquakes measuring 7.2 and 7.5 on the Richter scale left at least 1,430 people dead and 3,238 injured, according to the latest official count. More than 3,100 families were affected, while authorities continue to assess the damage and aftershocks still …

Read More »

CBN revokes permits of 46 MFBs (See full list)

The Central Bank of Nigeria (CBN) has revoked the operational licenses of 46 Microfinance Banks (MfB) with effect from July 1. This was contained in a statement issued by Mrs Hakama Sidi-Ali, Acting Director, Corporate Communications Department of the apex bank, on Wednesday in Abuja. Sidi-Ali said the action was in accordance with the CBN’s powers under sections 12 and …

Read More »