The Federal Government of Nigeria, through the Debt Management Office (DMO), has released details of its June 2025 bond offer, seeking to raise a total of N100 billion from the domestic debt market. According to a statement released by the DMO on Tuesday, the auction is scheduled to take place on June 23, 2025, with a settlement date of June 25, 2025. The bond issuance includes a N50 billion 5-year re-opening bond and a N50 billion 7-year new bond offering and is part of the government’s ongoing efforts to finance the 2025 budget and manage public debt through domestic borrowing.…
Author: Elvis Eromosele
WhatsApp on Monday unveiled its most ambitious advertising strategy to date, marking a significant transformation for the messaging platform that has largely avoided traditional ads since its inception. The announcement signals a strategic shift for the Meta-owned app, which has long promoted itself as a private, ad-free environment for personal messaging. The new features represent Meta’s clearest move yet to monetize WhatsApp’s vast user base of over two billion monthly active users without compromising its core promise of privacy. The update comes less than two years after WhatsApp’s leadership firmly denied reports that it was considering integrating advertisements, amid public…
Samer Chedid, CEO of Nestlé Indonesia has been appointed CEO of Nestlé Central and West Africa (CWAR) replacing Mauricio Alarcón who has taken on a new role within the Nestlé group. A business leader with diverse experiences across Nestlé including Middle East, Asia, and Africa, Mr. Chedid is no stranger to CWAR as he previously served as Country Manager for Nestlé Ghana. In his new role, he will steer affairs of the business across 25 countries in CWAR. “I am delighted to return to a region that has been a part of my career within the Nestlé group. Together with…
Nigeria’s dependence on imported petrol dropped sharply in the first quarter of 2025, with the country’s petrol import bill falling by 54 per cent year-on-year, according to the National Bureau of Statistics (NBS). The sharp decline is largely due to increased domestic supply from the Dangote Petroleum Refinery, which is now operating at near-full capacity, significantly reducing the country’s reliance on foreign fuel. The latest NBS data shows Nigeria spent $1.2 billion on petrol imports in Q1 2025, compared to $2.6 billion in the same period last year — the lowest quarterly figure since 2020. This underscores the growing impact…
Nigeria’s headline inflation rate slowed for the second consecutive month to 22.97 percent in May 2025 from 23.71 percent in April according to the National Bureau of Statistics (NBS). On a month-on-month basis, inflation declined significantly to 1.53 percent in May from 1.86 percent in April, indicating a slower pace in the rise of prices across the economy. This easing in inflation was driven by a slowdown in price increases across key segments, including farm produce, utilities, clothing, and health. Food inflation declined to 21.14 percent in May from 21.16 percent in April. According to the NBS, this sharp decline…
The United Kingdom’s Home Office has released immigration statistics for the year ending March 2025, revealing a significant drop in both work and study visas issued to non-immigrants in 2024. The drop reflects the early impact of sweeping changes in UK immigration policy, including restrictions on dependents and changes to the Health and Care Worker route that have shaped migration trends and adjustments to salary thresholds. According to the report published by TraveloBiz, in 2024, the UK issued 192,000 work visas to main applicants across all categories, a 39 per cent drop compared to the previous year, though still 40…
The Gombe State Government has received N60 billion from the Federal Government to establish a 184-hectare Agro-Livestock Industrial Zone. Governor Inuwa Yahaya disclosed this during the groundbreaking ceremony held in Gombe on Saturday, according to the News Agency of Nigeria (NAN). He described the project as a flagship initiative and a critical step toward building a modern, efficient, and sustainable livestock economy. It is expected to create thousands of jobs, boost productivity, and position Gombe as a regional hub for animal processing in Northern Nigeria. Yahaya noted that the N60 billion represents the first tranche of a N120 billion support…
The number of applicants for Nigeria’s Technical and Vocational Education and Training (TVET) entrance examinations has surged by nearly 300 per cent, increasing from 7,547 in 2024 to 30,000 in 2025. This was disclosed by Dr Mohammed Mohammed, Registrar and Chief Executive Officer of the National Business and Technical Examinations Board (NABTEB), during a monitoring exercise at the Federal Science and Technical College (FSTC), Uromi, Edo State. Dr Mohammed, who was represented by NABTEB’s Director of Research and Quality Assurance, Mr Pius Osaigbovo, attributed the massive increase to federal government-backed incentives targeting technical education. “Federal government wants to give individuals…
Nigeria is among 36 countries that could face new travel restrictions to the United States under a proposed expansion of the Trump administration’s travel ban, according to a State Department memo reported by The Washington Post. The extensive list includes 25 African nations, several Caribbean countries, Central Asian states, and Pacific Island nations. Nigeria, Africa’s most populous country with over 200 million people, is the largest population that could be affected by the proposed restrictions. The memo, signed by Secretary of State Marco Rubio and sent Saturday to US diplomats working with the affected countries, gives the listed governments 60…
The heads of missions of the United States, United Kingdom, Canada, Finland, and Norway have decried misuse of Nigeria’s Cybercrime Law as Nigeria celebrates 26 years of unbroken democratic governance. They issued a joint statement on Democracy Day, commending the Nigerian people for their enduring commitment to democratic values. While acknowledging the progress made since the country’s return to civilian rule in 1999, the diplomats expressed growing concern about threats to free expression, particularly the misuse of Nigeria’s Cybercrimes Act. In the statement, the envoys recognised the importance of diverse perspectives in a thriving democracy, citing President Bola Tinubu’s own…