The Nigerian government has indicated that it may review its 2025 budget of N54.99 trillion in response to recent tariff actions by the President of the United States, Donald Trump, which have caused turmoil in global trade. Wale Edun, Nigeria’s Minister of Finance, made the announcement during a press conference at the inaugural Corporate Governance Forum in Abuja, organised by the Ministry of Finance Incorporated. According to Edun, the country’s…

The Julius Abure-led National Executive Council (NEC) of the Labour Party (LP) has accused Governor Alex Otti of Abia State of engaging in anti-party activities, alleging that he is attempting to destabilise the party ahead of the 2027 governorship elections. The party claims that Otti plans to weaken the LP before defecting to another party to contest the upcoming elections. These allegations were raised during a NEC meeting held on…

President Bola Tinubu’s Special Adviser on Economic Affairs, Tope Fasua, has stated that the current levels of poverty in Nigeria are deeply rooted in the country’s history, dating back to the pre-Independence era. Fasua made these comments on Tuesday, April 8, during an appearance on Arise TV’s Morning Show, where he also acknowledged the ongoing surge in hunger across the nation. Fasua pointed out that poverty in Nigeria is not…

Five persons, including a pregnant woman, were killed as a commercial bus rammed into Damagum market in Yobe State. Also, 19 others were injured in the accident caused by the 18-seater Toyota Hiace Bus with registration number KTG 283 XA. The Sector Commander of the Federal Road Safety Corps (FRSC) in the state, Livinus Yilzoom, confirmed the number of casualties on Tuesday, saying the incident happened when the pedestrian victims…

Omoyele Sowore, the convener of the Take-It-Back movement, has firmly rejected any plans to join a proposed coalition of former presidential candidates, Atiku Abubakar and Peter Obi, ahead of the 2027 general election. Sowore made his position clear in an interview with Arise TV’s Politics Today, stating that he would not align with the Social Democratic Party (SDP) or participate in the coalition being discussed by opposition figures. Sowore expressed…

Oil stocks have taken a significant hit as US President Donald Trump’s new tariffs, combined with increased production from OPEC+, led to a sharp decline in global oil prices, marking some of the lowest levels in years. Analysts have also revised their oil price forecasts for 2025 downward, predicting weak demand due to the ongoing trade war and the additional supply from OPEC+. BusinessDay’s analysis reveals that the Dow Jones…

As part of new travel restrictions ahead of the 2025 Hajj pilgrimage, Saudi Arabia has slammed a temporary suspension of specific visa categories on 14 countries, including Nigeria, India, and Pakistan. Saudi authorities are reportedly suspending the issuance of Umrah ,family visits, and business visas for citizens from the listed countries beginning in April 2025. The report said the ban is expected to remain in effect through June, when the…

In the wake of President Donald Trump’s latest salvo in the ongoing U.S.-China trade war, Chinese manufacturers are scrambling to keep their heads above water. From tableware to flooring, companies across various sectors are warning investors of tumbling profits, while rapidly revising strategies and accelerating offshore expansion to survive the economic storm. Trump’s recent introduction of a staggering 34% tariff on Chinese goods—on top of earlier levies—has brought total tariffs…

The Federal Capital Territory (FCT) minister, Nyesom Wike hosted suspended Rivers House of Assembly members to a dinner in the United Kingdom on Monday. Senior special assistant on public communications and social media to the minister, Lere Olayinka, in a video shared on X, said the lawmakers, “who are in the UK for legislative capacity building” were hosted to a dinner by the minister. He said, “Wike left Nigeria on…

President Bola Tinubu has reaffirmed his administration’s commitment to reforming the Nigeria Police Force into a well-trained, tech-driven institution. He pledged enhanced welfare, modern tools, and greater support for officers and their families. Tinubu spoke through Vice President Kashim Shettima at the maiden edition of the National Police Day celebration in Abuja yesterday. He declared April 7 of every year as National Police Day to honour the sacrifices of police…

Vice President Kashim Shettima has reiterated Nigeria’s commitment to deepening its partnership with Swedish telecommunications giant, Ericsson. He pledged the swift implementation of the Memorandum of Understanding (MoU) signed between both parties in 2024. Shettima made the pledge yesterday during a courtesy visit by a high-level Ericsson delegation to the Presidential Villa, Abuja. The delegation was led by the company’s Senior Vice President and Head of Market Area for Europe,…

The All Progressives Congress (APC) governors held a closed-door meeting with former President Muhammadu Buhari at his residence in Kaduna State on Monday. The governors elected on the platform of the ruling party were led by the Governor Hope Uzodimma of Imo State, who is the Chairman of the All Progressives Governors Forum. Uzodimma, who fielded questions from journalists after the meeting, said they were in Kaduna to look after…