Solid minerals reforms boost Nigeria’s revenue from ₦16bn to ₦70bn
Revenue from Nigeria’s solid minerals sector is projected to rise to more than ₦70 billion in 2025, a dramatic jump from ₦16 billion in 2023 and ₦38 billion in 2024. According to the Ministry of Solid Minerals Development, the surge is tied to major reforms introduced under President Bola Ahmed Tinubu and driven by the Minister of Solid Minerals Development,...
Wike: 2026 will bring major projects, better services to FCT
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has assured residents that 2026 will bring greater infrastructural development, improved services and stronger governance across the territory. In his New Year message on Thursday, Wike thanked residents for their cooperation in the past year, saying their support helped the administration achieve major milestones despite challenges. He said the FCT Administration...
Stock market closes 2025 with N533bn gain
The Nigerian stock market closed 2025 on a strong footing on Wednesday, December 31, extending its consecutive gain with N533 billion to investors’ wealth. The positive performance was driven by Aluminium Extrusion Industries, Austinlaz, Meyer, Cileasing, Union Dicon Salt, and 42 other advancing stocks. The market capitalisation, which opened at N99.376 trillion, added N533 billion to close at N98,843 trillion. The All-Share...
Gunmen attack Ondo community, set police station ablaze
Gunmen have attacked Ipele community in Owo Local Government Area of Ondo State and set a police station on fire. It was gathered that the gunmen numbering about 20, stormed the community at about 10 p.m. on Wednesday, December 31, 2025, shooting sporadically and forcing residents to flee their homes for safety. One of the eyewitnesses, who pleaded anonymity, said the...
Naira closes 2025 higher at official market
The naira closed 2025 stronger against the United States dollar on Wednesday, December 31, trading at N1,435.75 at the official foreign exchange market. The Central Bank of Nigeria (CBN) data showed the naira gained N9.92, marking continued firmness at year end. It followed Tuesday’s close of N1,445.68, translating to a 0.7 per cent day on day appreciation. A CBN official said the...
Road crash: Anthony Joshua discharged from hospital — Lagos, Ogun govts
The Lagos and Ogun State Governments have confirmed the discharge of boxing heavyweight champion, Anthony Joshua, from hospital following Monday’s accident on the Lagos-Ibadan expressway. The governments disclosed this via a statement issued by Kayode Akinmade, the Special Adviser to Governor Dapo Abiodun on Information, and the Lagos State Commissioner for Information,Gbenga Omotoso, on Wednesday night. The governments said: “The governments...
Senator Akwashiki dies in Indian hospital
The senator representing Nasarawa North, Godiya Akwashiki, has died at the age of 52, following a protracted illness. A family source, who confirmed the senator’s death on Thursday, said Akwashiki died in an Indian hospital on Wednesday, December 31, 2025. He said the death of the senator was a big blow and had left a big vacuum given his commitment to ...
How CBN navigated Nigeria’s economy in 2025
In 2025, the Central Bank of Nigeria (CBN) faced the challenge of steering the country’s economy while inflation was slowing but interest rates remained high. The apex bank had to strike a careful balance between continuing to ease price pressures and protecting the credibility it had built by tightening monetary policy in 2024. At the start of the year, inflation was...
AFCON 2025: Two Equatorial Guinea players suspended for referee abuse
Two Equatorial Guinea players have received suspensions for verbally abusing a referee during the ongoing 2025 Africa Cup of Nations (AFCON), while Burkina Faso captain Bertrand Traoré has been fined for his post-match comments. The Equatorial Guinea Football Federation announced that captain Carlos Akakpo and midfielder Josete Miranda were each given four-match bans for using offensive language toward referee Messie...
Kidnappers of 28 Plateau travellers reduce ransom to ₦30m, demand motorcycles
The abductors of 28 travellers from Zak community in Wase Local Government Area of Plateau State have reduced their ransom demand from ₦42 million to ₦30 million, while also insisting on three brand-new motorcycles. The victims — men, women and children — were on their way to Sabon Layi in Bashar District for a Maulud celebration when gunmen intercepted their...
