News

Nigeria Economic Revival: EU High-Risk Label Removed

The Federal Government of Nigeria announces that the country has been removed from the European Union’s list of high-risk third countries, marking a significant achievement in Nigeria’s economic reform agenda. This development, confirmed by the Coordinating Minister of the Economy and Minister of Finance, Mr. Wale Edun, underscores Nigeria’s commitment to strengthening its anti-money laundering…

Read More

Nigeria’s Inflation Breakthrough: What’s Next for Africa’s Giant

Nigeria’s inflation rate dropped to 15.15% in December 2025, a significant decrease from 34.80% in December 2024. The National Bureau of Statistics (NBS) attributes this decline to a methodological review and rebasing of the Consumer Price Index (CPI). Key Highlights: – Food Inflation: Dropped to 10.84% year-on-year, with prices of staples like tomatoes, garri, eggs,…

Read More

Funke Akindele’s ‘Behind The Scenes’ Crosses ₦2 Billion, Makes History

Nollywood superstar Funke Akindele has achieved another milestone, with her film “Behind The Scenes” grossing over ₦2 billion at the box office, making her Africa’s highest-grossing filmmaker of all time. This marks a first for West African cinema, with “Behind The Scenes” becoming the first film to cross the ₦2 billion mark. The film, which…

Read More

Russia-Ukraine Conflict Escalates: Kharkiv Attack Kills Four, Wounds Several

A Russian attack on Ukraine’s northeastern city of Kharkiv has resulted in four fatalities and six injuries, according to regional governor Oleg Synegubov. The overnight strike targeted a postal terminal operated by Nova Poshta, causing significant damage and fires. Emergency workers are currently clearing debris from the site. In a separate incident, a Russian long-range…

Read More

Thousands of Refugees in Nigeria Denied Aid Due to Registration Backlog

The UNHCR reports that approximately 21,807 refugees and asylum seekers in Nigeria are unregistered, denying them access to essential services like food, healthcare, and financial aid. These individuals, mainly from Cameroon’s conflict-torn Anglophone region, are part of a larger population of 127,000 refugees and asylum seekers from 41 countries. The registration backlog has fluctuated, peaking…

Read More

Federal Government Expresses Concern Over Lokoja-Abuja Highway Construction Delays

The Federal Government has expressed its dissatisfaction with the slow progress of the Lokoja-Abuja Highway construction project. Minister of Works, David Umahi, has warned contractors that their contracts may be revoked if they fail to accelerate the project’s pace. This crucial project, connecting the North and South, has been ongoing since 2007, when former President…

Read More