News

The proposed legislation seeks to consolidate research and development funds currently spread across Ministries, Departments and Agencies (MDAs) into a central funding mechanism for research agencies and academic institutions.

Muhammad Sani Abdullahi, Deputy Governor, Corporate Services, said 33 banks had met the revised minimum capital requirements and raised N4.65tn by the end of the two-year recapitalisation programme.

The demand followed the adoption of a motion of urgent public importance sponsored by Billy Osawaru (APC, Edo), who linked the deterioration of the country’s security situation to the collapse of productive industries and inadequate economic opportunities for young Nigerians.

An Edo State Special Criminal Court sitting in Benin City has sentenced four persons to death by hanging or lethal injection for their involvement in the kidnapping of a woman at the Vegetable Market along Airport Road in the state capital.

The Rural Electrification Agency (REA) has called for stronger coordination among government agencies, state governments, development partners, private operators and other stakeholders to prevent duplication and accelerate electricity access across Nigeria.

President Bola Tinubu has ended his working vacation and departed Paris, France, for Nigeria, with his aircraft expected to touch down at the Murtala Muhammed Airport, Lagos, later on Tuesday.

The Federal Ministry of Education has released the final list of ranked and approved textbooks for use in Nigerian schools for the 2026–2028 period, introducing a new Ranking/QR Tracking Code system for approved titles.

The Federal Government has said Nigeria must progressively move away from an economy centred on crude oil exports and capture more value through domestic refining, petrochemicals and related industrial activities.

Burkina Faso has inaugurated its first gold refinery, with President Ibrahim Traoré declaring that the West African country must move beyond extracting its mineral resources and develop the entire value chain locally.

The global bond selloff is exposing a risk Nigerian investors can overlook when buying investments described as fixed income. Interest payments can remain unchanged while the amount an investor could recover by selling falls.