Author: Anule Emmanuel

The Bank of Industry (BoI) on Tuesday  lauded President Bola Tinubu, saying his leadership and backing helped drive demand after its ₦250 billion Series 1 fixed‑rate bond was oversubscribed within five days. Special Adviser on Information and Strategy to the President Bayo Onanuga in a statement said the bank issued the bond through its BOI Financing SPV Plc under the bank’s $1 billion Multi-Currency Instruments Programme. BoI Chief Executive Officer Olasupo Olusi said the bond’s oversubscription indicates investors’ confidence in the bank and Nigeria. “The strength of the investor response is a vote of confidence not only in BOI, but…

Minister of the Federal Capital Territory (FCT) Nyesom Wike has ordered the immediate demolition of houses built on designated stormwater channels in Maitama and other flood-prone districts of the city. Wike said the action would proceed “regardless” of the owners’ political status. Minister Wike inspected flood-damaged areas on Tuesday and directed enforcement to begin at once and continue through Saturday. “We will demolish all those houses found on the water channel. Some of them are senators. Some of them are big men,” he said. The Minister explained that FCT under his leadership would not be deterred by elections or elite…

Ondo State Governor Lucky Aiyedatiwa has ordered a 60% rise in monthly subventions to all state‑owned tertiary institutions and directed immediate implementation of the federal government’s agreement with the Academic Staff Union of Universities (ASUU). The Chief Press Secretary to the Governor, Prince Ebenezer Adeniyan, said the measures are aimed at strengthening institutional capacity and improving staff welfare across the state’s universities and colleges. The increase, which takes effect this month, is intended to help institutions meet financial obligations, ensure timely salary payments and improve learning conditions for students and employees. Adeniyan said the State will also adopt the terms…

By Adérónke Atoyebi The recent appearance of the Executive Chairman of the Nigeria Revenue Service, Dr Zacch Adedeji, on Channels Television’s Politics Today offered Nigerians something that is still relatively uncommon in the country’s economic debate: a senior public official attempting to explain government policy through numbers rather than slogans. For more than an hour, Adedeji discussed taxation, revenue mobilisation, subsidy removal, inflation, exchange rates, economic growth and the wider reforms of the Bola Tinubu administration. He defended the government’s economic choices and sought to explain why the new tax regime should be viewed as an attempt to redesign Nigeria’s…

By Anule Emmanuel After weeks of uncertainty and three postponements that kept guests waiting for the maiden presidential press corps dinner—held in a colourfully decorated setting, President Bola Tinubu made a polished appearance at the 2026 edition of the event, a reminder of the presidency’s staying power also as an instrument of political theatre. The event was co-hosted by the Chief of Staff to the President Rt. Honourable Femi Gbajabiamila and the Minister of Information and National Orientation Mohammed Idris, on behalf of the Presidency, as support to gentlemen of the press. It was a story of how maiden events…

President Bola Tinubu on Sunday hailed Governor Ademola Adeleke’s re-election in Osun State saying that the peaceful process affirms the resilience of Nigeria’s democratic process and signals continuity under the All Progressives Congress (APC) administration. In a statement by his Special Adviser on Information and Strategy Bayo Onanuga, Tinubu said “I called Governor Ademola Adeleke earlier today to congratulate him on his election victory in Osun State.” According to be President “His victory once again confirmed the confidence the people of Osun State have in him. I wish him great success as he prepares to lead the state for the…

The Executive Chairman of the Nigeria Revenue Service (NRS), Dr. Zacch Adedeji recently rolled out an economic snapshot of the impact of President Bola Tinubu’s economic reforms. The NRS boss released a detailed comparison of the nation’s economic performance indices from May 2023 baseline to Mid-2026 gains across key indicators in a live television interview recently. NewsQuest presents the data below repeatedly presented by the NRS chief executive officer as the “before-and-after” dashboard of macroeconomic and fiscal indicators to argue that President Tinubu’s reforms have moved Nigeria from crisis management into consolidation. Read below… (a) Domestic refining capacity May 2023:…

First Lady, Senator Oluremi Tinubu, on Friday inaugurated a renovated alternative high school for girls in Agboju, Amuwo-Odofin, highlighting it as  a wider drive to restore educational opportunities for young women whose studies were interrupted by pregnancy, economic hardship or other life events. The facility, opened more than a decade after the school’s 2007 founding under then‑Governor Bola Tinubu, was refurbished with support from the Universal Basic Education Commission. A statement by Kwapchi Bata Hamman, Special Assistant to the President (Media & ICT), Office of the Vice President said the complex includes two blocks with more than 26 classrooms, agriculture, physics…

President Bola Tinubu on has signed the Nigerian Ports Economic Regulatory Agency Act, 2026, formalizing legal authority for the Nigerian Shippers’ Council to act as the country’s economic regulator for ports. The assent, announced on the verified Facebook page of NSC Executive Secretary Dr. Pius Akutah, converts a body that has long operated on policy guidance and government gazettes into a statutory regulator with powers to set and oversee tariffs, rates and charges; license service providers; police competition; and impose sanctions on errant port operators. “The Nigerian Port Economic Regulatory Agency Act, 2026” is now law, Dr. Akutah said in…

President Bola Tinubu on Friday urged Nigerians living abroad on to convert their remittances and professional expertise into long-term investments in Nigeria, arguing that recent macroeconomic gains make the country a more attractive place to deploy capital. Speaking at the opening of the three-day Nigeria Diaspora Economic Conference in Toronto, President Tinubu, represented by his Chief of Staff Femi Gbajabiamila, described  the gathering as an opportunity for the government to translate the financial and intellectual resources of the diaspora into structured, governable investment vehicles. “Nigeria sees you. Nigeria values you. Nigeria needs you,” he said to hundreds of attendees. The…