Author: Press Room

In a major push toward diversifying Nigeria’s economy, the Federal Executive Council (FEC) has approved four key policy initiatives aimed at strengthening the country’s intellectual property, digital trade, and service export sectors. The policies, presented by the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, were approved during Thursday’s FEC meeting, marking what the ministry described as a “turning point” in Nigeria’s innovation and investment landscape. According to Oduwole, the initiatives approved under President Bola Ahmed Tinubu’s Renewed Hope Agenda form part of a broader strategy to modernise Nigeria’s industrial framework, attract investment, and position the country as a…

The Federal Road Safety Corps (FRSC) has deployed 1,500 personnel and logistic vehicles to ensure the smooth conduct of the Nov. 8 governorship election in Anambra. Corps Marshal Shehu Mohammed gave the assurance in Awka during a briefing ahead of the poll. He said the deployment was part of the corps’ strategic support to ensure safety and orderliness before, during, and after the election. Represented by Assistant Corps Marshal S. T. Agure, in charge of Federal Operations, National Headquarters, Abuja, Mohammed said FRSC would work in synergy with other security agencies. He explained that the corps would ensure compliance with…

At first glance, prepaid insurance accounting seems straightforward—you pay an insurance premium, record it as an asset, and expense it gradually over the coverage period. But in practice, this simple concept can quickly become a source of accounting errors. Timing, accuracy, and compliance all play critical roles, and missteps can distort a company’s financial position or even lead to tax reporting issues.Understanding What Prepaid Insurance Really IsPrepaid insurance represents the portion of an insurance policy that applies to future accounting periods. When a business pays for coverage upfront—say, a 12-month policy—it initially records the payment as a current asset under…

A cleric, Bishop Stephen Tunde Victor Adegbite, has called on Christians across the country to support President Bola Ahmed Tinubu, describing him as a leader committed to religious harmony and peaceful coexistence in Nigeria. Adegbite, who is the Executive Secretary of the Nigerian Christian Pilgrim Commission (NCPC), made the call after he was conferred with the title of Life Patron of the National APC Christian Leaders Forum of Nigeria (NACLFON). The honour was bestowed on him during a ceremony attended by national executives and representatives of the forum. In his acceptance speech, contained in a statement by NACLFON’s National Publicity…

The Confederation of African Football, CAF, has provided more details regarding the 2025 CAF Awards ceremony, Soccernet.ng reports. The continent’s number-one football body has announced that the 2025 CAF Awards ceremony will take place in Rabat, Morocco, on Wednesday, 19 November, starting at 7:00 pm local time (18:00 GMT). The glamorous event will once again celebrate the finest African footballers, coaches, and teams who have excelled for club and country over the past year. 2025 CAF Awards. Photo Credit: CAF CAF President Patrice Motsepe and several top officials from across the continent are expected to attend the ceremony. It will…

The National Chairman of the Social Democratic Party (SDP), Shehu Musa Gabam, has condemned United States President Donald Trump over his recent allegation that Nigeria is committing “genocide against Christians,” describing the claim as dangerous, misleading, and an assault on the country’s sovereignty. Gabam, whose party is recognised by the Independent National Electoral Commission (INEC), said Trump’s comments, which also influenced the U.S. government’s renewed decision to classify Nigeria as a Country of Particular Concern, amount to a wilful distortion of reality and risk worsening tensions in a country already battling complex security threats. According to him, insecurity in Nigeria…

The Taraba State House of Assembly has commenced deliberations on the Taraba State Residents Registration Bill, 2025, a proposed law seeking to create a unified database of all residents in the state. Sponsored by the former speaker, Peter Abel Diah, who is also the member representing Mbamnga Constituency, the bill, as noticed by The Guardian, has received its first reading on the floor of the House. The proposed legislation, if eventually passed into law, will mark a significant move toward establishing a comprehensive population management system for the state. Explaining the objectives of the bill, Diah said it aims to…

Terhemba Daka, Abuja The Izu Anioma Towns Union, Abuja, has unveiled plans for the maiden edition of the Anioma Cultural Festival (Anioma Day), billed for Saturday, November 8, at the Old Parade Ground, Area 10, Garki, Abuja. As part of the celebration, the Union will honour distinguished Anioma indigenes, including Senator Ned Munir Nwoko, who represents Anioma in the Senate and serves as Patron of the Union. He will be recognised for his contributions to the development, cultural promotion, and advancement of Anioma heritage. Several other prominent sons and daughters of the region will also receive awards for excellence, patriotism,…

Billionaire Michael Saylor’s Strategy Inc. announced Friday that it has priced its initial public offering of 10% Series A Perpetual Stream Preferred Stock (STRE), raising gross proceeds of €620 million ($715 million). Strategy announces pricing of its Stream Perpetual Preferred Stock ($STRE) Offering and upsizes the deal from €350 Million to €620 Million. $MSTR https://t.co/AyN67dQ1jy— Michael Saylor (@saylor) November 7, 2025 The offering, initially planned at €350 million, was upsized due to strong investor demand and is set to close on November 13, 2025, pending customary approvals.€620 Million Raised to Fund Expansion and Bitcoin PurchasesThe offering consists of 7.75 million…

Super Eagles and Werder Bremen striker Victor Boniface has opened up on his tough start to life with his new club, Soccernet.ng reports. The 24-year-old scored 32 goals and provided 10 assists in 61 games for Bayer Leverkusen, winning all domestic titles possible with Die Werkself. After a failed attempt to join Saudi Pro League side Al Nassr in January 2025, Boniface was linked with a move to AC Milan in August. The deal had progressed, and just pended on the result of a medical that didn’t go in the striker’s favour as the Italian side pulled out due to…