President Bola Tinubu has inaugurated the Lagos Cold and Dry Storage Hub, a modern vaccine storage and distribution facility designed to serve about 90.7 million Nigerians by 2035 and beyond. The Lagos Vaccine Hub, funded through a World Bank International Development Association (IDA) credit under the IMPACT Project, will cater to the South-West and South-South geopolitical zones. The catchment area covers Lagos, Ogun, Oyo, Osun, Ondo, Ekiti, Delta, Edo, Rivers, Bayelsa, Akwa Ibom and Cross River states. Tinubu was represented at the inauguration by the Executive Director of the National Primary Health Care Development Agency (NPHCDA), Dr Muyi Aina. Aina…
Author: Abdoulaye Kay
The Nigerian naira is showing consolidation and relative stability against the euro after periods of severe volatility in previous years. The spot EUR/NGN rate is trading around N1,601/€. The pair began the year at N1,684/€ (January 2), meaning the naira has recovered roughly 5.3% against the euro over the past five months. Volatility has fallen sharply in May, and a stable trading range between N1,587/€ and N1,607/€ has emerged, suggesting a temporary balance in official foreign-exchange windows and a decline in speculative pressure. Monetary policy is the main driver of this shift. The Central Bank of Nigeria (CBN) has maintained…
The Federal Government recorded N11.89 trillion in fresh borrowings in the first nine months of 2025 but spent only N3.10 trillion on capital expenditure. This is according to figures contained in the 2025 third-quarter Budget Implementation Report recently released by the Budget Office of the Federation. The borrowings comprised N7.08 trillion in domestic loans and N4.81 trillion in multilateral and bilateral project-tied loans. ALSO READ Mining critical to Nigeria’s economic growth — Alake No foreign borrowing was recorded during the period despite a N1.38 trillion provision for the item in the three-quarter budget. The actual borrowing exceeded the projected N10.34…
Nigeria’s Minister of Solid Minerals Development, Dele Alake, has said responsible and sustainable mining will play a major role in shaping the country’s economic future as efforts intensify to reduce dependence on oil revenue. Alake made the remarks while endorsing the maiden edition of the Solid Minerals Excellence Awards (SOMEA 2026) held at the Abuja Continental Hotel. Describing the awards as a strategic initiative aligned with Nigeria’s mining reform and economic diversification agenda, the minister said the solid minerals sector is becoming increasingly important to national development. “Our past is a story already told. Our future shall be written in…
A Fulani socio-cultural group, The Concerned Fulani People of Nigeria, has questioned what it described as inconsistencies in the United States’ narrative on insecurity in Nigeria, particularly concerning allegations linking Fulani communities to widespread violence across the country. The group, in a rejoinder signed by Ibrahim Barkindo Chubado and made available to journalists on Thursday, accused the United States of adopting a “shifting posture” on Nigeria’s security crisis, warning that conflicting international narratives could deepen ethnic tensions. The group said earlier assessments allegedly linked to the US government had cautioned against portraying Fulani people as the sole drivers of insecurity…
A House of Representatives aspirant on the platform of the All Democratic Congress (ADC), Hawwah Abdullahi Gambo, has petitioned the party’s leadership and election tribunal over alleged irregularities during the Chikun/Kajuru Federal Constituency primary election held on May 25, 2026 in Kaduna. In the petition dated May 27, 2026, and addressed to the ADC National Chairman, Director of Political Matters, National Women Leader, and the party’s Elections Petitions Tribunal, Gambo alleged that the exercise was marred by manipulation, voter intimidation, vote-buying, and procedural violations. The female aspirant, who said she was the only woman among four contenders for the Chikun/Kajuru…
The Nigeria Security and Civil Defence Corps (NSCDC), Lagos State Command, has deployed 2,150 officers and men across the state to provide security and prevent vandalism of critical national assets and infrastructure during the Eid-el-Kabir celebrations. The deployment follows the Federal Government’s declaration of Wednesday, May 27, and Thursday, May 28, 2026, as public holidays to mark this year’s Eid-ul-Adha celebration. Speaking on the security arrangements, the Lagos State Commandant, Mr. Adedotun Keshinro, said the proactive deployment was necessary due to the expected influx of visitors, travellers, and residents moving within and into Lagos during the festive period. According to…
The Nigeria Centre for Disease Control and Prevention (NCDC) has warned that Nigeria is currently facing a high risk of importing the Ebola virus disease (EVD) due to ongoing outbreaks in the Democratic Republic of Congo (DRC) and Uganda. According to the agency, although no confirmed case has been recorded in Nigeria, the worsening situation in affected neighbouring countries, combined with increased international travel and cross-border movement, has significantly raised the risk of importation. The NCDC explained that the Ebola outbreaks in the DRC and Uganda have heightened regional transmission concerns, prompting Nigeria to strengthen its preparedness and surveillance systems.…
The Federal Government has declared Wednesday, May 27, and Thursday, May 28, 2026, as public holidays to enable Muslim faithful across the country to celebrate Eid-ul-Adha. The announcement was made on Monday in a statement issued by the Permanent Secretary of the Ministry of Interior, Dr. Magdalene Ajani, on behalf of the Minister of Interior, Dr. Olubunmi Tunji-Ojo. According to the minister, the declaration underscores the Federal Government’s recognition of the spiritual importance of Eid-ul-Adha and its respect for the millions of Muslims in Nigeria observing the sacred festival. “This declaration affirms the Federal Government’s profound respect for the faith…
Nigeria’s economy expanded by 3.89 per cent year-on-year in the first quarter of 2026, according to the latest Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS). The growth rate represents an improvement from the 3.13 per cent recorded in the corresponding period of 2025, reflecting continued resilience across key sectors of the economy despite lingering macroeconomic challenges. ALSO READ Nigeria tops fastest African economies to $100bn GDP in 34 years NBS data showed a broad-based, though uneven, recovery, with the agricultural sector posting one of the strongest improvements during the quarter. Agriculture grew by 3.15…