Manufacturers oppose reintroduced 4% FOB charge
The Manufacturers Association of Nigeria (MAN) has rejected the Nigeria Customs Service’s reintroduction of a four per cent Free on Board (FOB) charge, which took effect on August 4, warning it could cripple the sector. MAN’s Director-General, Segun Ajayi-Kadri, said on Monday in Lagos that the move contradicts government’s earlier suspension of the levy and would drastically increase the cost...
Stock market investors gain N285bn
The Nigerian stock market opened on a positive note on Monday, August 25, 2025, as performance indices grew by 0.31 per cent due to increased buying activity. The uptrend was driven by strong buying interest in stocks, including Julius Berger, Cutix, Regalins, Veritas Kapital, and 36 others. The market capitalisation rose by N285 billion, or 0.31 per cent, to close at...
Australia expels Iran ambassador over anti-semitic attacks
The government of Australia has announced the expulsion of Iran's ambassador after accusing the country of being behind anti-semitic attacks in Melbourne and Sydney. It is the first time Australia has expelled an ambassador since World War II. Intelligence services reached a "deeply disturbing conclusion" that Iran directed at least two antisemitic attacks, Prime Minister Anthony Albanese said on Tuesday, August...
16-year-old Ngumoha scores winning goal as Liverpool defeat 10-man Newcastle
16-year-old Rio Ngumoha scored a 100th-minute winning goal as Liverpool defeated Newcastle 3-2 in a Premier League thriller on Monday night. Ryan Gravenberch and long-time Newcastle target Hugo Ekitike struck for the English champions, either side of Anthony Gordon's red card for a wild lunge on Virgil van Dijk. But amid a frenzied atmosphere at St. James' Park, the Magpies battled...
3 farmers die in Borno boat mishap
No fewer than three farmers have been confirmed dead following a boat accident at Kubo ward in Shani Local Government Area of Borno State. The North East office of the National Emergency Management Agency (NEMA) confirmed the incident on Monday, August 25, 2025. The agency disclosed that the farmers were transporting yams from a riverbank when their overloaded boat capsized. Out of...
Nigeria, Brazil sign deal on direct flights
Nigeria has signed a Bilateral Air Service Agreement (BASA) with Brazil, paving the way for direct flights between both countries. The Special Adviser on Media and Communications to Nigeria’s Minister of Aviation and Aerospace Development, Tunde Moshood, disclosed this in a statement on Monday, August 25, 2025. The agreement was signed on Monday in Brazil by Nigeria’s Minister of Aviation and...
Maiduguri cleaner returns ₦4.8m mistakenly credited to her account
A cleaner in Maiduguri, Borno State, Faiza Abdulkadir, has returned ₦4.8 million that was mistakenly deposited into her bank account. Abdulkadir, who earns ₦30,000 monthly at a health centre, said her decision was guided by her fear of God and desire for peace of mind. “The money was not mine. I wanted peace of mind and to avoid God’s punishment on...
PDP affirms Damagum as national chairman
The National Executive Committee (NEC) of the Peoples Democratic Party (PDP) has confirmed Umar Damagum as the substantive National Chairman of the party until its elective national convention scheduled for November 2025. Damagum’s confirmation was one of the key resolutions reached during the PDP NEC meeting held at the party’s national secretariat in Abuja on Monday, August 25, 2025. He took...
PDP zones 2027 presidential ticket to South
The Peoples Democratic Party (PDP) has resolved to zone its 2027 presidential ticket to the South. The decision was announced on Monday in Abuja by the party’s National Publicity Secretary, Debo Ologunagba, after the 102nd meeting of the National Executive Committee (NEC). Ologunagba said the resolution followed the submission of a report by the Zoning Committee chaired by Bayelsa State Governor,...
EFCC orders arrest of dismissed staff featured on Lege Miami’s show
The Economic and Financial Crimes Commission (EFCC) has ordered the arrest of its dismissed staff member, Olakunle Alex Folarin, after he appeared in a matchmaking show hosted by entertainer Lege Miami on social media. In a statement released Monday via its official X handle, the Commission clarified that Folarin was no longer in its service, having been dismissed for certificate...
