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UBA Unveils Next-Gen PoS, Upgraded MONI App to Boost SME Banking

United Bank for Africa (UBA) Plc has unveiled a significantly enhanced Point of Sale (PoS) terminal and an upgraded MONI App as part of its broader campaign to support small and medium-sized enterprises (SMEs) and drive digital payments across Africa. Themed Innovation for Progress: Empowering SMEs, Connecting Communities, Simplifying Banking, the initiative aims to strengthen […]

US Court Orders FBI, DEA to Release Records on Tinubu Drug Probe

A United States District Court in Washington, D.C., has ordered the Federal Bureau of Investigation (FBI) and the Drug Enforcement Administration (DEA) to release records relating to their past investigations into Nigerian President Bola Tinubu’s alleged involvement in drug trafficking. In a ruling delivered on 8 April 2025, District Judge Beryl Howell instructed both agencies […]

Atiku, El-Rufai, Tambuwal Mull Strong Opposition Ahead of 2027

Former Vice President Atiku Abubakar has hinted at plans by major political parties to form a formidable opposition ahead of the 2027 general election. Atiku made the disclosure on Thursday during a courtesy visit to former President Muhammadu Buhari at his residence in Kaduna. He was accompanied by former governors Nasir el-Rufai (Kaduna), Aminu Tambuwal […]

Nigeria’s Oil Reserves at 37.28bn Barrels, Gas Hits 210.54 tcf — NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the country’s proven crude oil reserves stood at 37.28 billion barrels (bb) as of 1 January 2025. Commission Chief Executive, Mr. Gbenga Komolafe, disclosed this on Friday, adding that Nigeria’s gas reserves had reached 210.54 trillion cubic feet (tcf). Breaking down the figures, Komolafe said […]

The Lagos State Independent Electoral Commission (LASIEC) has scheduled the state’s local government elections for 12 July. Mr. Tope Ojo, Head of Public Affairs at LASIEC, who made the announcement on Friday in Lagos, said that elections for 57 council chairmanship positions and 376 councillorship seats will be held on 12 July. A re-run, if […]

Back on Track: FG Revives Naira-for-Crude to Boost Local Refining

The Federal Executive Council (FEC) has ordered the immediate and full implementation of the Naira-for-Crude initiative, reaffirming it as a strategic policy directive to support local refining and reduce foreign exchange dependence. The initiative, which had been suspended under the previous leadership of the Nigerian National Petroleum Company Limited (NNPCL), is now back in effect, […]

WTO Chief Rings Alarm Bell as Superpower Trade Spat Threatens Global Economy

The Director-General of the World Trade Organization (WTO), Dr Ngozi Okonjo-Iweala, has warned that the ongoing tariff war between the United States and China could slash bilateral trade in goods by as much as 80 percent, with damaging ripple effects for the global economy. Speaking on Wednesday, Okonjo-Iweala said escalating tensions between the world’s two […]

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