Economy

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Background

Crime

PRESIDENCY DISMISSES PETER OBI’S SAFETY CLAIMS AS FALSE

The Presidency has dismissed claims by the Nigerian Democratic Congress (NDC) presidential candidate, PETER OBI, that his safety is under threat ahead of the 2027 general election, describing the allegations as false and misleading. In a statement posted on X, Special Adviser to the President on Information and Strategy, BAYO ONANUGA, accused OBI of making baseless allegations in an attempt to attract public sympathy. ONANUGA rejected OBI's account of an […]

todayJuly 9, 2026

Economy

ENUGU BASED ANALYST QUESTIONS SENATE’S QUICK APPROVAL OF PRESIDENT’S $6B LOAN

A Public Affairs Analyst, CHIGOZIE ANARADO, has condemned the six-billion-dollar loan approved by the Senate barely three and a half hours after reading the president’s letter of request. Speaking yesterday on Urban Radio’s political programme, The Parliament, ANARADO criticized the swift approval of the president's loan request by the National Assembly, stressing that loans borrowed have not been adequately utilized by the government to improve the country’s declining economy. The analyst also […]

todayApril 2, 2026

Crime

EFCC Recovers ₦566 Billion, Secures 7,503 Convictions in Two Years — Olukoyede

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has disclosed that the Commission has achieved unprecedented results over the past two years. Speaking at a media briefing in Abuja, Olukoyede revealed that the EFCC recovered over 566 billion naira and several foreign currencies from the proceeds of financial crimes, demonstrating the Commission’s renewed drive to trace, confiscate, and return illicit assets to the Nigerian state […]

todayOctober 24, 2025

Economy

NEC Expands Crackdown to Illegal Gold Mining to Safeguard Nigeria’s Natural Resources

The National Economic Council (NEC) is set to begin a crackdown on illegal gold miners as part of a broader strategy to safeguard Nigeria’s natural resources and boost government revenue. The move follows the Council’s decision to expand the mandate of its Ad-hoc Committee on Crude Oil Theft Prevention and Control, chaired by Imo State Governor Hope Uzodinma, to include the fight against illegal mining and mineral smuggling. In a […]

todayOctober 24, 2025

Economy

Red Cross Enugu Launches Disaster Risk Reduction Club at CPS Okpanku to Strengthen Flood Preparedness

The Nigerian Red Cross Society, Enugu Branch, in collaboration with the International Federation of Red Cross and Red Crescent Societies, IFRC, has launched a Disaster Risk Reduction, DRR Club at Community Primary School, CPS, Ihuibe, Okpanku, Aninri Local Government Area, LGA, aimed at raising awareness and equipping students with skills to mitigate flood disasters and promote preparedness. Speaking during the launch at CPS Okpanku, the Enugu Branch Secretary of the […]

todayOctober 24, 2025

Economy

NIGERIA CUSTOMS SERVICE INTRODUCES $300 DUTY FREE IMPORTS

The Nigeria Customs Service has introduced a new duty-free threshold of $300 on small-value imports, a move aimed at boosting trade and e-commerce growth in the country. Effective September 8, 2025, imports valued at US $300 or below will be exempt from customs duties and taxes. This applies to courier shipments, e-commerce parcels, and passenger baggage, but excludes restricted or prohibited goods. According to the Nigeria Customs Service (NCS), the reform […]

todaySeptember 8, 2025

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