Recent Posts

Igbobi university students to benefit from CAF initiative

The Lagos State Football Association (LSFA) has presented five footballs to Igbobi College, Lagos, as part of the CAF School Football Development Initiative, which aims to promote health, wellbeing and active participation in football among students. To officially celebrate the presentation, the Vice President of the Lagos State Football Association, Dotun Coker, who is also an alumnus of the institution, …

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The naira lost N0.35 against the dollar on the official FX market

Nigeria’s currency, the naira, continued to decline against the American dollar on both the official exchange and parallel markets on Thursday. Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,387.44/$1, compared with N1,387.09/$1 on Wednesday. This represents a loss of N0.35 for the local currency against the dollar. On the black market, the …

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New VAT sharing formula boosts states’ revenue to ₦551 billion in January – THIS UPDATE

By Ayo Kehinde In January 2026, Nigerian states recorded a significant increase in their share of value-added tax (VAT) revenue, receiving a total of approximately ₦551 billion. This sharp increase followed the implementation of new tax laws that changed the VAT distribution formula between levels of government. The development marked the first full month that the revised revenue sharing agreement …

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Bandits kill kidnapped NYSC member despite $10 million ransom…

Family members of a kidnapped member of the National Youth Service Corps (NYSC), identified as Abba, say they fear he was killed by his captors despite paying a $10 million ransom for his release. The family revealed that communication with the kidnappers broke down shortly after the ransom was delivered, raising strong fears that the body member may have been …

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