Abuja, Nov. 12, 2025 – The Senate has directed the Nigerian National Petroleum Company Limited (NNPCL) to refund ₦210 trillion it could not account for to the Federation Account The Senate gave the directive on Tuesday after rejecting NNPCL’s written explanations on the N210 trillion unaccounted for in the company’s accounts between 2017 and 2023. The Senate took the resolution after adopting the report of its Committee on Public Accounts which investigated NNPCL’s accounts from 2017 to 2023. According to the committee’s report, the NNPCL’s audited records indicated ₦103 …
Naira slides at official market, closing at N1,440.89 to dollar
Lagos, Nov. 12, 2025 – The Nigerian currency, the Naira, depreciated at the official foreign exchange market on Tuesday, closing at N1,440.89 to the dollar. The currency lost N3.39 to the dollar on Tuesday from N1,437.5000 it closed on Monday. Bid rates quoted by dealers at the market on Tuesday ranged from N1,436 to N1,440.89 to the dollar. Meanwhile, the naira is being traded at the black market in Lagos between N1, 450 and N1, 460 to the dollar.
Fidelity Bank extends lifeline to Makoko community
Donates Boats and Relief Materials to Orphanage and Schools Lagos, Nov. 11, 2025 – In a demonstration of its commitment to corporate social responsibility, leading financial institution, Fidelity Bank Plc, has extended support to residents of the Makoko waterfront community in Lagos with the donation of boats, educational materials, food items and other essential relief items. The donation was championed by the Achievers Inductees Class of 2025 under the Fidelity Helping Hands Programme (FHHP), the bank’s staff-led CSR initiative where members of staff identify areas of critical interventions in their …
Ecobank Nigeria drives access to digital learning for children with disabilities
Lagos, Nov. 11, 2025 – Ecobank Nigeria has again demonstrated its commitment to building a more inclusive society by supporting children with disabilities through education and digital learning in commemoration of Ecobank Day 2025. Ecobank Day is the Group’s annual flagship corporate social responsibility event. The theme for this year is “Enabling Inclusive Learning for All.” Staff of Ecobank Nigeria visited and supported Hope Fountain Foundation for the Deaf in Lagos; Omoyeni School for the Blind in Ibadan; OPM Free School for Children Born with Autism and Down Syndrome in Port …
Naira appreciates at official market Monday, closing N1,437 to dollar
Lagos, Nov. 11, 2025 -The Nigerian currency, the Naira, appreciated slightly at the official segment of the foreign exchange market on Monday, closing at N1,437.50 to the dollar. The currency gained N01,00 to the dollar on Monday, up from the N1,438.50 which it closed on Friday. Bid rates quoted by dealers at the segment on Monday ranged from N1,435 to N1,442 to the dollar. The naira has been appreciating steadily at the market in the last few weeks, which analysts attribute to effective management of the foreign exchange market, …
Trump floats $2,000 tariff rebate checks for most Americans
Washington, Nov. 10, 2025 – President Donald Trump called people who don’t support tariffs “fools” and floated the idea of $2,000 rebate checks for almost all Americans in a social media post Sunday. Trump said on Truth Social that the United States is taking in trillions of dollars thanks to far-reaching tariffs he has imposed since taking office in January. He said the country will soon start paying down $37 trillion in debt. “People that are against Tariffs are FOOLS! We are now the Richest, Most Respected Country in …
Fidelity Bank partners NCF, Lagos State to promote responsible waste management
Lagos, Nov. 7, 2025 – In a bold move to promote environmental sustainability and inspire a culture of responsible waste management amongst Nigerians, leading financial institution, Fidelity Bank Plc has donated large-capacity recycling bins to Yaba College of Technology (YABATECH), Lagos. The donation was made during the 19th edition of the Walk for Nature event held on Saturday, November 1, 2025, at YABATECH. The event, themed “Lagos, Let’s Beat Plastic Pollution,” was organized by the Nigerian Conservation Foundation (NCF) in collaboration with the Lagos State Government to raise awareness …
FIRS to unveil new tax laws on Monday
Abuja, Nov. 7, 2025 – The Federal Inland Revenue Service (FIRS) is to unveil the new tax reform acts at a strategic stakeholder engagement session in Abuja on Monday The FIRS disclosed this in a statement issued on Thursday by Lovette Ononuga, the FIRS Director of Taxpayer Services. She said the engagement is to strengthen collaboration and ensure the smooth implementation of the new laws. According to her, the session, with the theme: ‘Impact of the New Tax Laws,’ is designed to help Nigerians to understand the reforms and …
Naira appreciates to N1,437.50 to dollar at official market Thursday
Lagos, Nov. 7, 2025 – The Nigerian currency, the Naira, appreciated further at the official foreign exchange market on Thursday, closing at N1,437.50. The currency, which was N1,440 to the dollar on Wednesday, gained N2.50 on Thursday. Bid rates quoted by dealers at the market on Thursday ranged from N1,435 to N1,441 to the dollar.. Meanwhile, the naira exchange rate at the black market in Lagos between NN,460 and N1,470 to the dollar.
Bank of England keeps rates on hold
London, Nov. 6, 2025 – The Bank of England kept borrowing costs on hold on Thursday but a narrow vote and signs that Governor Andrew Bailey might soon join those seeking a rate cut keeps the door open for a move after the government’s budget later this month. Mindful of Britain’s still high headline inflation rate, the nine-strong Monetary Policy Committee voted 5-4 to keep the central bank’s benchmark Bank Rate at 4.0%, the BoE said. Most economists polled by Reuters last week had predicted a 6-3 decision by …