Author: Vardiafrica

Osun State Governor, Ademola Adeleke, and the People’s Democratic Party (PDP) in the state have declared support for President Bola Tinubu’s re-election bid in 2027.  Adeleke made this known on Tuesday through a statement shared via his official X handle, following a strategic meeting with the PDP leadership caucus in Osogbo. “Yesterday, I met with the @OfficialPDPNig Leadership Caucus in Osogbo after weeks of consultations with stakeholders across Osun — from traditional rulers and civil servants to market leaders and grassroots party members. “I’m pleased to share the resolutions: I remain in the PDP, the party that gave me the platform…

The Central Bank of Nigeria (CBN) has maintained the current Monetary Policy Rate (MPR) of 27.5 per cent with all policy parameters.  The Governor of CBN, Olayemi Cardoso, disclosed this at the MPC briefing in Abuja on Tuesday. The apex bank’s MPC held its 301 meeting on July 21st and 22nd, 2025, to review recent economic and financial developments and outlook. Consequently, the Committee also retained the asymmetric corridor at +500/-100 basis points around the MPR, leaving the Cash Reserve Ratio at 50 per cent for Deposit Money Banks and a general Liquidity Ratio of 30 per cent. Cardoso explained…

NNPC recorded N905bn profit in June, a decline from May’s N1.054 trillion, and has remitted N6.96tn to the federation in 5 months The Nigerian National Petroleum Company Limited (NNPC) on Monday announced a Profit After Tax (PAT) of N905 billion for its June operations, a drop from the N1.054 trillion recorded in the previous month of May. However, the national oil company posted statutory payments of N6.961 trillion to the federation between January and May 2025, up from the N5.583 trillion it remitted from January to April this year. Besides, the NNPC, in its Monthly Report Summary for June released…

Senator Natasha Akpoti-Uduaghan on Tuesday made good her vow to resume at the National Assembly but was denied entry. Upon her arrival around noon, the Kogi Central lawmaker, who rode in a black car, was stopped by security operatives at the first gate of the National Assembly. After some minutes, Senator Natasha alighted from her vehicle and walked into the National Assembly premises in Abuja, accompanied by her supporters, including activist Aisha Yesufu. She was stopped again at the 2nd gate and asked to turn back. However, the senator and her supporters made their way past the checkpoint only to…

The Inspector-General of Police, Kayode Egbetokun, is currently meeting with the protesting retired police officers in Abuja. The meeting is taking place at the peacekeeping hall, Force Headquarters in Abuja. On Monday, some retired police officers protested at the National Assembly to demand their removal from the contributory pension scheme (CPS). The demonstrators, mostly elderly, stood in the rain, holding placards and chanting anti-government songs. Some of the retired police officers also besieged the force headquarters in Abuja to protest against CPS. Addressing the protesters, the IGP said welfare of retired police officers is being addressed but the exit of…

The President Bola Ahmed Tinubu is set to commission the newly established College of Petroleum and Energy Studies, Kaduna (CPESK), later this month, following the granting of a provisional license for the institution to operate as a private postgraduate university. Uba Sani Commending the President for his commitment to human capital development. Governor Sani emphasized the strategic importance of the new institution in transforming Nigeria’s energy landscape. He said we cannot make progress in a fast-changing and complex society if we fail to develop local capacity. Sani explained that this College, if supported, has the potential to develop indigenous manpower…

The Federal Government has restated plans to implement the National Single Window, an initiative of the Bola Tinubu administration to plug revenue leakages, enhance trade facilitation and improve efficiency in international trade transactions. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this when he appeared before the National Assembly Joint Committee on Customs and Tariffs on Monday. The minister noted that price equalisation remained the only viable approach to policing market dynamics and ensuring fair competition. Speaking on trade settlements, the minister acknowledged ongoing challenges in Nigeria’s trade payment system, particularly informal transactions. “Many of…

The Federal Government, through the Nigeria Customs Service (NCS), is considering reducing import duties by scrapping the seven percent surcharge currently imposed on all imports. Speaking during a town hall meeting with stakeholders on the Bodogwu clearance system, Comptroller-General of Customs, Adewale Adeniyi, disclosed that the proposal to eliminate the surcharge is already undergoing legislative review. According to Adeniyi, once the surcharge is removed, duties on all Nigerian-bound cargo will be reduced, ultimately lowering the overall cost of doing business at the ports. “At the beginning of this meeting, I mentioned that the Bodogwu system is aimed at reducing operational…

Labour Party Vice Presidential Candidate in the 2023 General Election, Yusuf Datti Baba-Ahmed, has met Julius Abure, factional National Chairman of the Labour Party. Datti, who promised to reconcile the factions and disgruntled stakeholders with Peter Obi said this during the National Executive Council meeting of the faction. Datti also took a swipe at the ADC Coalition, saying the Government that follows is more important than removing the APC Government. Datti Speaks “Labour Party is not a party to walk away from. “The successes, the history that Labour Party of Nigeria has recorded is unique and unprecedented.” “We presented clear…

The United States government has warned Nigerians that individuals who engage in visa fraud, including the use of fake documents, will be permanently barred from entering the country. The disclosure was made on Monday, July 21, by the U.S. Mission in Nigeria on its official X handle. To combat immigration fraud and clamp down on illegal immigration, the mission noted that those found guilty of committing visa fraud or aiding and harbouring illegal migrants would face criminal prosecution. The statement reads, “U.S. government interagency efforts combat fraud and will end illegal immigration. Those who commit visa fraud will be banned…