The bank noted that NNPCL delayed transferring revenue gains to the Federation Accounts Allocation Committee (FAAC) until January 2025 — and has since remitted only half of the expected funds.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦1615 and sell at ₦1625 on Monday 12th May, 2025, according to sources at Bureau De Change (BDC).
Nevertheless, poverty remains high and inflation is expected to remain over 20% through the year. The report comes amid a raft of reforms by President Bola Tinubu’s government.
” Yele Sowore is the biggest fucking plant in West Africa, and I don’t understand how this could be more obvious. The dude is literally funded by U.S. Foreign Intelligence. It’s in your face!”
A round-up of Tuesday’s front covers of UK newspapers
The Nigeria Customs Service, Apapa Area Command, has collected N1tn in revenue between January and early May 2025.
Migrants will be required to speak “fluent English” under new immigration rules set to be unveiled next week, as Labour seeks to reduce net migration.
TikTok must bring its processing into compliance within six months or risk further restrictions. Of the total fine, €45 million was for transparency violations and €485 million for unlawful transfers.
Koidu Limited, the largest diamond producer in Sierra Leone, has ceased operations and laid off more than 1,000 workers amid an unresolved dispute over pay and poor working conditions.
“I told him I don’t think you really have the capacity to make this peace,” Wike said.
