Custodians of Truth
The Academic Staff Union of Universities (ASUU) has strongly opposed the move by the Nigerian government to abolish the Tertiary Education Trust Fund (TETFund), a key financier of public tertiary institutions in Nigeria. This concern was raised by ASUU leaders […]
In a significant escalation of a long-standing financial dispute, major telecommunications companies in Nigeria have announced plans to disconnect banks from their Unstructured Supplementary Service Data (USSD) services due to an unpaid debt amounting to N250 billion. This move could […]
The Lagos State House of Assembly has ousted its Speaker, Mudashiru Obasa, in a move that has shocked many within the state’s political circle. Obasa, a long-standing Speaker since 2015, was removed from his post amid allegations of gross misconduct, […]
In a significant move aimed at improving Nigeria’s economic framework, the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has outlined an ambitious plan to generate N36.35 trillion in revenue for the year 2025. This announcement comes as part […]
The Nigerian banking sector is bracing for significant changes as the Central Bank of Nigeria (CBN) has mandated a new recapitalization exercise, signaling a wave of mergers and acquisitions on the horizon. This move, aimed at strengthening the resilience of […]
In a move signaling deeper economic ties between Africa’s two most populous nations, Nigeria has announced its commitment to supporting Ethiopia’s newly launched securities exchange, the Ethiopian Securities Exchange (ESX). This development marks a significant step in the economic liberalization […]
In a significant shift in the economic landscape of Nigeria, real estate has now become the third-largest contributor to the nation’s Gross Domestic Product (GDP), surpassing the oil and gas sector, according to preliminary figures from the ongoing GDP and […]
In a significant move to enhance Lagos State’s transportation infrastructure, the African Development Bank (AfDB) has pledged to collaborate with the Lagos Metropolitan Area Transport Authority (LAMATA) on the development of the Lagos Purple Rail Line. This partnership was announced […]
In an effort to provide greater economic participation from Nigerians living abroad, the Central Bank of Nigeria (CBN) has introduced two new financial products: the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA). These accounts aim […]
Nigeria’s Finance Minister, Wale Edun, announced that the economic reforms spearheaded by President Bola Tinubu have resulted in significant savings for the country, totaling N930 billion naira. These reforms, which include adjusting the foreign exchange policies and implementing market-based pricing […]