Author: Press Room

Governor Ahmed Usman Ododo of Kogi State has said the emergence of Governor Abiodun Abayomi Oyebanji as the All Progressives Congress (APC) consensus candidate for the forthcoming Ekiti State governorship election has saved the party and the state from incurring enormous costs that could now be channelled toward development. Ododo, who chaired the just-concluded APC Governorship Primary Committee for Ekiti State, stated this on Wednesday shortly after submitting the committee’s report to the National Working Committee (NWC) led by Professor Nentawe Yilwatda at the party’s national secretariat in Abuja. He expressed satisfaction with the decision of APC stakeholders in the…

Agency The First Lady, Oluremi Tinubu, has reaffirmed Nigeria’s commitment to ending Tuberculosis by 2030 through concrete actions, in line with the Renewed Hope Agenda of President Bola Tinubu. According to a statement issued on Wednesday by her media aide, Busola Kukoyi, the first lady spoke as the special guest of honour at the 39th Stop TB Partnership Board Meeting held in Manila, Philippines. The first lady explained to the gathering of over 180 participants from 47 countries that Nigeria is strengthening its commitment to reduce reliance on donor funding and build resilient systems to ensure no setback in ending…

The Super Lig’s first and second-placed teams Galatasaray and Trabzonspor clash this weekend…. Super Eagles striker Paul Onuachu is a source of worry for Galatasaray’s coaching staff ahead of their Turkish Super Lig clash against Trabzonspor at Rams Park on Saturday, Soccernet.ng reports. The Cimbom currently lead the Super Lig table with 28 points after ten games, while Trabzonspor sit second with 23 points from ten games. This weekend, both clubs will lock horns for the first time this season, in what is expected to be a cracker. The two teams are led by two Nigerian strikers Paul Onuachu and Victor…

In SummarySeplat Energy’s dual listing on the LSE and NGX shows how African firms now tap global capital to fund domestic energy and infrastructure growth.Their reach across telecoms, banking, and mining reflects Africa’s shift from resource reliance to strategic, innovation-led growth.Endeavour Mining produced 1.1 million ounces of gold in 2024, returning $277 million to shareholders, proving that African firms now rival global producers.Deep Dive!!Lagos, Nigeria, Wednesday, October 29 – Recent data from the London Stock Exchange (LSE) show that African corporations are deepening their participation in global capital markets. As of mid-2025, ten Africa-linked firms collectively account for a market…

A wave of political realignment appears imminent in Cross River North Senatorial District, as key stakeholders of the Peoples Democratic Party (PDP) have indicated plans to defect en masse to the ruling All Progressives Congress (APC) in solidarity with Senator Jarigbe Agom Jarigbe. Recall that on October 22, 2025, Senator Jarigbe, who represents Cross River North in the National Assembly, visited Aso Rock Villa to officially inform President Bola Ahmed Tinubu of his defection to the APC. He subsequently paid a courtesy visit to the APC State Chairman, Alphonsus Eba, Esq, in Calabar, where he pledged his readiness to work…

The House of Representatives on Wednesday approved President Bola Ahmed Tinubu’s request to raise a total of $2.347 billion from the international capital market to part-finance the 2025 budget deficit and refinance maturing Eurobonds. The approval followed the consideration and adoption of a report by the House Committee on Aids, Loans, and Debt Management, chaired by Hon. Abubakar Hassan Nalaraba, during plenary. The plenary session was presided over by Speaker Tajudeen Abbas. According to the report presented by Nalaraba, the new external borrowing will comprise $1.23 billion to fund the 2025 budget deficit and $1.12 billion to refinance Nigeria’s Eurobond…

In SummaryIn 2025, several African countries operate free-floating or market-determined exchange rates, enhancing transparency, investor confidence, and economic flexibility.Leading examples include Egypt, Ghana, South Africa, Kenya, and Mauritius, combining floating rates with inflation-targeting and structural reforms.Market-based FX regimes support resilience to shocks, improved trade competitiveness, and foreign investment, despite external vulnerabilities and institutional challenges.Deep Dive!!!Sunday 26 October 2025 – Africa’s foreign exchange landscape has undergone significant transformation in recent years, driven by a combination of macroeconomic reforms, structural adjustments, and global financial integration. In 2025, a growing number of African countries are adopting free-floating or market-determined currency exchange regimes, moving…

Zamfara State chapter of the Peoples Democratic Party (PDP) has reacted to the defection of Hon. Marahazu Faru, member representing Maradun Constituency in the State House of Assembly, to the All Progressives Congress (APC). In a statement issued by the PDP State publicity secretary, Haliru Andi, the party said it respects Faru’s personal choice and was not surprised. “History has shown that those who put personal interest above the collective will of the people often find themselves on the wrong side of history. The PDP remains the only party with a genuine commitment to the rescue and rebuilding of Zamfara…

The Community Integrity Heritage Support Initiative (CIHSI) has expressed its readiness to partner with the Oyo State Government to enhance community security, promote integrity in governance, and revive Yoruba cultural values. The National Coordinator of the organisation, Engr. (Dr.) Akinbolade Jones Adeniponye, stated this during a sensitisation rally held across strategic locations in Ibadan, including the Oyo State Secretariat Complex, Agodi, before concluding at the Palace of the Olubadan of Ibadanland. Governor Seyi Makinde received members of the group through his Executive Assistant on Security Matters, CP Sunday Odukoya (rtd), who commended CIHSI for complementing the government’s efforts in sustaining…

The Central Bank of Nigeria has firmly rejected claims that it directly provided $1.259 billion to petroleum industry players, explaining that the mentioned amount reflected market-based foreign currency dealings executed by participants in the Nigerian Foreign Exchange Market. Through a Tuesday statement issued by CBN communications officer Hakama Ali, the nation’s banking regulator described news coverage implying it directly supplied foreign currency to prominent oil distributors for purchasing imported refined petroleum and related goods as “misleading and factually incorrect.” The financial institution clarified that the amount referenced in its Q1 2025 Sectoral Utilisation of Foreign Exchange report represented the combined…