Month: July 2025

The Ogun State Government says it is unperturbed by threats of legal action over the burial of the Awujale and paramount ruler of Ijebuland, Oba Sikiru Kayode Adetona, which was conducted in line with Islamic rites. Attorney General and Commissioner for Justice, Sina Ogungbade (SAN), stated this on Monday in response to warnings from the International Council for Ifa Religion (ICIR), which accused the government and the monarch’s family of

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee (FPTRC), Taiwo Oyedele, has revealed that Nigeria currently allocates less than 50% of its revenue to debt servicing—a significant improvement from the previous 97% recorded before recent economic reforms. Speaking as keynote speaker at PwC’s Executive Summit on Nigeria’s Tax Reform in Lagos, themed “The New Tax Era: What Nigeria’s Tax Reform Means to Individuals and Businesses”, Oyedele noted

A violent clash broke out on Sunday in the Alaba Rago area of Iba, Lagos State, between road transport workers, popularly called agberos, and supporters of a local monarch, leaving one passenger dead. Eyewitnesses said the confrontation started over the unveiling of a new motor park allegedly built by the monarch to serve vehicles heading to northern and eastern Nigeria. “The monarch constructed the park near Alaba Market, and it

More states are preparing to lower electricity tariffs following Enugu’s recent decision to reduce Band A charges from ₦209/kWh to ₦160/kWh, effective August 1, 2025. The move, approved by the Enugu Electricity Regulatory Commission (EERC), has drawn strong opposition from power generation companies (Gencos) and distribution firms (Discos), who argue that such cuts could destabilize the power sector, already burdened by over ₦5 trillion in unpaid debts. EERC defended its

Abuja is set to host the 2025 African Karate Championship as more than 1,000 athletes from 31 African nations converge on the Nigerian capital. The competition will run from July 21 to July 28, bringing together top karate talents across the continent. President of the Karate Federation of Nigeria (KFN), Silas Agara, confirmed the development on Sunday, noting that preparations were in top gear to ensure a successful event. According

The naira closed last week on a weaker note at ₦1,532.34/$ in the Nigerian Foreign Exchange Market, representing a 0.14% decline compared to the previous week. The local currency had briefly strengthened to a four-month high of ₦1,518.88/$ at the start of the week before slipping to ₦1,530.25/$ and later ₦1,533.11/$. It ended the week slightly firmer at ₦1,532.34/$. Trading data revealed that the naira exchanged between ₦1,515/$ (its strongest)