Nigeria’s foreign direct investment (FDI) inflows surged to $720 million in the third quarter of 2025, marking a sharp rebound from the $90 million recorded in Q2 2025 — a quarter-on-quarter increase of about 700 per cent. The figures are contained in the Central Bank of Nigeria’s (CBN) Balance of Payments (BoP) Highlights for the period. On a year-on-year basis, FDI inflows were also higher than the $570 million recorded in Q3 2024, representing a 26.3 per cent increase. CBN data shows that Direct Investment liabilities, which capture FDI inflows into the Nigerian economy, stood at $0.72 billion in Q3…
Author: Abdoulaye Kay
A Consultant Endocrinologist, Dr Grace Senbanjo, has warned Nigerians against self-medication and the indiscriminate use of antibiotics, saying the practice is driving the growing threat of antimicrobial resistance (AMR) in the country. Senbanjo, a Consultant Physician at the Lagos State University Teaching Hospital (LASUTH), said in Lagos that the abuse of unprescribed antibiotics has become alarmingly common, posing serious risks to effective healthcare delivery. She explained that antimicrobial resistance occurs when bacteria and other disease-causing organisms no longer respond to treatment, leading to severe infections, longer hospital stays, and increased deaths. According to her, antibiotics are meant to treat specific…
The Federal High Court in Abuja, on Tuesday, ordered the remand of former Attorney-General of the Federation (AGF), Mr Abubakar Malami, SAN, his son, and a co-defendant at the Kuje Correctional Centre, pending the hearing of their bail applications. Justice Emeka Nwite gave the order while ruling on an oral bail application moved by the defence counsel, Joseph Daudu, SAN. The judge held that it would be in the interest of justice and fair hearing to allow the prosecution respond to the bail application earlier filed by the defendants. “I have listened to the submissions of learned counsel on both…
An artificial intelligence (AI) educator, Ms Zainab Saidu, says most AI tools still struggle to accurately interpret Nigerian languages and cultural contexts, warning that reliance on Western-trained systems could lead to bias and misinformation. Saidu, founder of the Creativity Enthusiast Network, observed while assessing the performance of AI systems currently in use in Nigeria. She explained that many tools misinterpret Hausa, Yoruba, Igbo and Nigerian Pidgin, often failing to grasp tone, dialect variations, proverbs and everyday expressions. She added that speech recognition systems also struggle with local accents and background noise, despite gradual improvements driven by local data collection efforts.…
Nasarawa State Governor, Abdullahi Sule, has signed the ₦545.2 billion 2026 Appropriation Bill passed by the State House of Assembly into law. The budget, tagged “Budget of Strategic Consolidation,” was signed on Monday at the Government House in Lafia. Sule commended the Speaker of the House of Assembly, Dr Danladi Jatau, and other lawmakers for the speedy passage of the budget. He also appreciated the collaboration between the executive and legislative arms of government and urged that it be sustained in the overall interest of the state’s development. ALSO READ Abia governor signs ₦1.016tn 2026 budget into law ALSO READ…
Gombe State Governor, Inuwa Yahaya, on Monday signed the N617.95 billion 2026 Appropriation Bill into law after receiving the assented copy from the State House of Assembly. The signing ceremony took place in Gombe in the presence of top government officials and members of the state legislature, led by the Speaker, Abubakar Luggerrewo. Governor Yahaya said that over the past six years of his administration, the state’s resources had been prudently managed through effective budget implementation for the benefit of the people. According to him, the scale of developmental projects executed by his administration reflects responsible resource utilisation, adding that…
The Joint Admissions and Matriculation Board (JAMB) has announced that registration for the 2026 Unified Tertiary Matriculation Examination (UTME) will commence in the first quarter of 2026. The disclosure was made in the Board’s latest bulletin, which confirmed that all preparatory processes ahead of the exercise have been concluded. According to JAMB, the early preparations are aimed at ensuring a smooth, secure, and well-coordinated registration process nationwide. The Board stated that it has completed all accreditation, validation, and security checks for centres, personnel, and other stakeholders involved in the 2026 UTME registration exercise. It explained that extensive measures have been…
Former Vice President Atiku Abubakar has called for a fresh legislative consideration of the Tinubu administration’s tax reform laws, citing constitutional concerns over discrepancies between the versions passed by the National Assembly and those later gazetted. In a statement issued on Sunday night, Atiku said renewed legislative action is the only lawful option following the Senate’s confirmation that the gazetted version of the Tax Act does not fully reflect what lawmakers approved. The call comes amid plans by the Federal Government to begin implementing the remaining tax reform laws on January 1, 2026. Atiku warned that the issue raises serious…
The Nigerian National Petroleum Company (NNPC) Limited has completed the main pipeline of the Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline Project, marking a major milestone in efforts to expand gas supply and industrial activity across northern Nigeria. The Group Chief Executive Officer of NNPC Limited, Bayo Ojulari, disclosed this on Sunday following a meeting with President Bola Tinubu in Lagos. Ojulari said the completion of the main line paves the way for the next phase of the project, which will focus on linking facilities and distribution infrastructure to enable gas delivery to key northern cities. According to him, the milestone was achieved…
President Bola Tinubu has approved the cancellation of a substantial portion of legacy debts owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the Federation Account, wiping off approximately $1.42 billion and N5.57 trillion accumulated up to December 31, 2024. The approval is contained in a document by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) titled “Report of October 2025 Revenue Collection Presented at the Federation Account Allocation Committee (FAAC) Meeting Held on 18th November 2025.” According to the report, the Presidential directive effectively resolves long-standing disputes between NNPC Ltd and the Federation over royalty, lifting, and related…