Nigeria, Lesotho Deepen Bilateral Ties to Expand Trade, Investment Opportunities ABUJA – Nigeria and the Kingdom of Lesotho have reaffirmed their commitment to strengthening bilateral relations through expanded trade, investment, technology, renewable energy and private sector collaboration as both countries seek to accelerate economic growth and advance Africa’s economic integration. The commitment was made at...
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LAGOS – The Central Bank of Nigeria (CBN) imposed N1.69 billion in penalties on financial institutions in 2025 for breaches ranging from delays in resolving customer complaints to non-compliance with regulatory directives, underscoring a tougher enforcement approach by the apex bank. According to the CBN’s 2025 Annual Report, 32 sanctions were issued during the year,...
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The United Kingdom and Nigeria have reaffirmed their commitment to strengthening one of Africa’s most enduring bilateral relationships following a meeting in London between the UK’s incoming High Commissioner to Nigeria, Peter Vowles, and Nigeria’s High Commissioner to the United Kingdom, Ambassador Aminu Dalhatu. The meeting, held as Mr Vowles prepares to assume office in...
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The Independent National Electoral Commission (INEC) has dismissed reports circulating on social media claiming it revised the campaign timetable for the 2027 general elections, describing the information as false. A viral graphic had claimed the commission issued a new campaign schedule in line with the Electoral Act, indicating that campaigns for the presidential and National...
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The Progressive Local Government Chairmen’s Forum, the umbrella body of 685 All Progressives Congress (APC) local government chairmen, has announced plans to organise a mega rally in Abuja to endorse President Bola Tinubu for a second term ahead of the 2027 general elections. The forum’s chairman and Chairman of Chanchaga Local Government Area of Niger...
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The Confederation of African Football (CAF) has urged its member associations to examine FIFA’s controversial proposal to sell minority commercial interests in the FIFA World Cup and other competitions to private investors. In a statement issued on Wednesday, CAF said its President, Dr. Patrice Motsepe, will convene a meeting of the CAF Executive Committee next...
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Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has urged Nigeria to sustain its macroeconomic reforms and ensure they translate into jobs and improved living standards if the country is to take advantage of emerging opportunities in global trade. Speaking at the opening of the 7th Africa Emerging Markets Forum in Abuja on...
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is facing criticism from petroleum marketers over allegations that it has concentrated fuel import licences in the hands of a few companies, raising concerns about transparency and competition in Nigeria’s deregulated downstream petroleum sector. The allegations emerged during an interactive session organised by the House of...
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The Federal Government has reaffirmed its commitment to deepening aviation cooperation with Canada as both countries step up discussions on launching direct flight operations and concluding a long-awaited Air Services Agreement (ASA) aimed at boosting connectivity, trade and bilateral relations. The Minister of Aviation and Aerospace Development, Festus Keyamo, gave the assurance while receiving the...
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The Nigeria Police Force (NPF) and the Nigeria Financial Intelligence Unit (NFIU) have reaffirmed their commitment to strengthening collaboration in the fight against money laundering, terrorism financing and other financial crimes through enhanced intelligence sharing and joint operations. The commitment was made during a courtesy visit by the Director and Chief Executive Officer of the...
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