Nigeria’s rental housing market and the urgent need for reform
BY MARO AKPOBI Nigeria’s rental housing market serves as both a reflection and reinforcement of the country’s systemic inequities. Young professionals, particularly those in non-traditional career paths, navigate a labyrinth…
Umahi Advocates Concrete for East-West Road, Promises 100-Year Durability
Minister of Works, Senator David Umahi, stated that using concrete instead of asphalt would ensure long-lasting road durability. He explained that concrete construction on the East-West Road would prevent frequent…
SON Vows Crackdown on Substandard Products
The Plateau State SON Coordinator, Kenneth Shawo, pledged intensified efforts to eliminate substandard products. Shawo revealed that SON had identified several hotspots for substandard goods and was taking decisive action…
FG urges China to remove trade tariffs for Nigeria
The federal government has urged China to extend its recent trade tariff removal to Nigeria, which is the case with 33 African nations. Minister of State for Foreign Affairs,…
Lagos Government Cracks Down on Fake VINs, Concealed Number Plates
The Lagos State Government has issued a stern warning to motorists using fake Vehicle Identification Numbers (VINs) and concealing number plates. Special Adviser to the Governor on Transportation, Sola Giwa,…
Naira Strengthens to 1,494.03/$ at Official Market
The naira appreciated to ₦1,494.03/$ at the official market, with the parallel market closing at ₦1,510.00/$. This appreciation narrowed the exchange rate gap to ₦15.5/$, reflecting the Central Bank of…
Nigeria imports 25m litres of petrol daily, FG confirms
The Federal Government disclosed that Nigeria now imports 25 million litres of petrol daily, meeting national consumption demands. Local refineries supply the remaining 25 million litres, ensuring total daily consumption…
School Building Collapses in Damaturu, Injures Female Students
A building housing classroom blocks at Government Girls Science and Technical College, Potiskum, Yobe State, collapsed during class hours. The structure suddenly caved in, leaving several female students trapped under…
CBN Retains Monetary Policy Rate at 27.5% in First MPC Meeting of 2025
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria retained the Monetary Policy Rate at 27.50 percent. The decision was reached during the 299th MPC meeting, marking the…
Explosion Rocks Rivers Oil Facility, Casualties Feared
The explosions destroyed several facilities at the stations, located roughly 30 nautical miles from Bonny’s coastline. Cawthorne Channel remains a vital oil and gas hub, positioned between Bonny and Degema…