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Several Nigerians have taken to the comment section of social media pages of the First Abu Dhabi Bank of the United Arab Emirate to express opposition over plans by the Bola Tinubu government to secure $5 billion borrowing arrangement under the Total Return Swap, financing structure. The development is coming after the International Monetary Fund…
The disgraced former Chairman of the Presidential Task Force on Pension Reforms, Abdulrasheed Maina, has threatened to sue Premium Times for calling him a “pension thief.” Maina was convicted and jailed for laundering ₦2 billion in pension funds. The Pension fraud convict in a letter dated Monday submitted by his lawyer Emmanuel Ekwe, he accused…
President Bola Tinubu has approved a 15 per cent ad-valorem import duty on diesel and premium motor spirit (PMS), also known as petrol. In a letter dated October 21, 2025, the private secretary to the president, Damilotun Aderemi, conveyed Tinubu’s approval to the Federal Inland Revenue Service (FIRS) and the Nigerian Midstream and Downstream Petroleum…
Africa’s leading payments technology company, Flutterwave, has announced the relaunch of The Wave Podcast, featuring a compelling first-season lineup with innovators such as Co-Founder & COO of PiggyVest, Odun Eweniyi; Founder of Archivi.ng, Fu’ad Lawal and Founder of Mira & Lead Product Manager at Chowdeck, Ted Oladele. The audio-led content is designed to share behind-the-scenes…
Despite approving borrowing for President Bola Tinubu without scrutiny, Speaker of the House of Representatives, Abbas Tajudeen, today, September 8, 2025 warned that Nigeria’s rising debt profile has exceeded the country’s legal threshold and now poses a major threat to fiscal sustainability. Abbas spoke at the opening of the 11th Annual Conference and General Assembly…
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has raised serious concerns about Nigeria’s economic state, revealing that the country’s GDP per capita has dropped to $824 far below the $1,847 recorded at independence in 1960. Speaking at the 20th anniversary dinner of Chapel Hill Denham in Lagos on Thursday, Adesina said…
Tech expert, Mayowa Agboade, has said no nation can grow by begging for support, saying the suspension of the United States Agency for International Development (USAID) by the U.S. President, Donald Trump, was a good decision in Africa’s interest. Recall that Trump, on Friday, escalated his move for the U.S. aid agency to be dismantled….
Osun State Governor, Senator Ademola Adeleke has reaffirmed the administration’s commitment to ensuring fair practices in the state’s mining sector, stating that he has no witch-hunting agenda against any individual or businesses. Speaking at a stakeholders’ forum held on December 19, 2024, the governor represented by the Secretary to the State Government, Teslim Igbalaye,…
Nigeria and France have signed an agreement critical minerals value chain in the solid minerals sector of both countries. Critical minerals such as copper, lithium, nickel, cobalt, and rare earth elements are essential to clean energy technologies. In the Memorandum of Understanding (MOU) signed by both countries on the sidelines of the official visit to…
Dr Ngozi Okonjo-Iweala on Friday emerged as the Director-General of the World Trade Organisation (WTO) for a second four-year term, which will commence on 1 September 2025. Okonjo-Iweala is the seventh Director-General of the WTO. She first assumed office as Director-General on 1 March 2021, becoming the first woman and first African to lead the…