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Disbursement of N4.7bn TVET stipends to trainees, ways to go in skills acquisition – TMV
Abuja, Dec. 11, 2025 -The Tinubu Media Volunteers (TMV) has commended the recent disbursement of the sum of N4.7 billion to trainees and accredited skills acquisition centres under the TVET skills development programme. In a statement signed by its chairman, Chukwudi Enekwechi, and Secretary Segun Ogedengbe, the group described the move as a sure way of making technical education more appealing. ”It is noted that the federal government, under the auspices of the Federal Ministry of Education, TVET skills development programmes, has disbursed the first tranche of N4.7 …
Fidelity Bank to host virtual masterclass on new tax law
Lagos, Dec. 11, 2025 – Fidelity Bank Plc, a leading financial institution, will host a free virtual training on the Nigeria Tax Act 2025 (NTA) as part of its commitment to helping small businesses prepare for the upcoming legislation. The bank disclosed this in a statement in Lagos on Thursday. It said the masterclass is scheduled for 10:00 AM (Nigerian time) on Friday, Dec. 12, 2025. It will provide participants with clear insights into changes in the tax framework, the impact on income and business operations, and practical steps …
Reps urge FG to reduce air fares during December festivities
Abuja, Dec. 11, 2025 – The House of Representatives on Thursday advised the federal government to reduce high fares to enable many Nigerians to travel by air during the Christmas and New Year festivities. The House advised that government should introduce tax reliefs and reduce airport charges to enable the airlines operators to reduce the air fares during the season. It made the suggestions following the adoption of a motion for amendments to a motion of urgent public importance on “The exorbitant rise of airline ticket cost and the consequential …
Awujale Stool: Fusegbuwas Royal House finally rejects Wasiu Ayinde’s claim to lineage
Ijebu- Ode, Dec. 11, 2025 – The Fusengbuwa Ruling House of Ijebu-Ode has finally rejected the claim of Wasiu Ayinde Marshall, a Fuji musician, to the lineage of the royal house in his bid to contest for the stool of Awujale of Ijebuland. The ruling house announced this in a statement on Thursday, declaring Ayinde’s application as null and void. According to the statement signed by the Chairman of Fusengbuwa Ruling House, Otunba Lateef Owoyemi, the family faulted the certification of Ayinde’s form by Adetayo Abayomi Oduneye, “a purported …
US seizes sanctioned oil tanker off coast of Venezuela
Washington, Dec. 11, 2025 – US forces intercepted and seized a sanctioned oil tanker off the coast of Venezuela, marking a serious escalation of tensions between the two countries. “We’ve just seized a tanker on the coast of Venezuela — large tanker, very large, largest one ever seized, actually,” President Donald Trump said at the White House. “And other things are happening.” A senior Trump administration official referred to the ship as “a stateless vessel” that was last docked in Venezuela. Bloomberg News was first to report the seizure. The …
ECOWAS to abolish air ticket taxes from Jan. 1, 2026
Abuja, Dec. 11, 2025 – The Economic Community of West African States Commission (ECOWAS) is to abolish air ticket taxes in the sub-region from January 1, 2026. Chris Appiah, the ECOWAS the Director of Transport and Telecommunications, disclosed this on Wednesday while speaking to journalists in Abuja He said this was one of the decisions of the regional body to enhance regional integration by reducing the high costs of flights which had long been a barrier to trade and economic integration. Appiah said the sub-region had the most expensive …
Federal Reserve cuts interest rates by 0.25%
Washington, Dec. 11, 2025 – The Federal Reserve cut interest rates by 25 basis points at the conclusion of its two-day meeting on Wednesday, marking the central bank’s third cut of the year. Fed officials were split on the decision to lower rates to a range of 3.50%-3.75%, with policymakers dissenting on both sides. Chicago Fed president Austan Goolsbee and Kansas City Fed president Jeff Schmid favored holding rates steady, while Fed governor Stephen Miran favored a 50 basis point rate cut. U.S stocks rallied in the wake of the …
Naira slides at official market Wednesday, closing N1,458 to dollar
Lagos, Dec. 11, 2025 – The Nigerian currency, the Naira, depreciated at the official foreign exchange market on Wednesday, closing at N1,458 to the dollar. The currency depreciated from N1,454 to the dollar on Tuesday, losing N4.00 to the dollar. The naira had stabilised at N1, 458 to the dollar at the official market in the last three trading days. Bid rates quoted by dealers in the market on Wednesday ranged between N1,453.76 and N1,458 to the dollar. Meanwhile, the naira is being traded at the black market in …
NNPC E&P Limited hits record 355,000 bpd production
…Nigeria’s Energy Revival Already Happening, Says Ojulari Abuja, Dec. 10, 2025 – NNPC E&P Limited (NEPL), the flagship upstream subsidiary of NNPC Limited, achieved a record production level of 355,000 barrels of oil per day On on Dec, 1, 2025,, its highest daily output since 1989. This was disclosed in a statement signed by Andy Odeh, the NNPC Chief Corporate Communications Officer The milestone marks a significant step forward for Nigeria’s upstream sector and reflects the company’s ongoing transformation anchored on efficiency and discipline. The figures show genuine transformation: …
Oil steady as market watches Ukraine peace talks, Fed rate decision
Singapore, Dec. 10, 2025 – Oil prices held steady on Wednesday after falling about 1% in the previous session, as investors watched for progress in Russia-Ukraine peace talks and awaited a decision on U.S. interest rates. Brent crude futures were up 19 cents, or 0.3%, to $62.13 a barrel at 0645 GMT. U.S. West Texas Intermediate crude was at $58.44 a barrel, up 19 cents, or 0.3%. “Oil markets are currently struggling for direction as far as we can see, with a minor lift from falling U.S. inventories as …