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 …
Naira appreciates slightly at official market Wednesday, closing N1,440 to dollar
Lagos, Nov. 6, 2025 – The Nigerian currency, the Naira, appreciated slightly at the official foreign exchange market on Wednesday, closing at N1,440 to the dollar. The naira exchange rate was N1,441.75 to the dollar at the market on Tuesday. Bid rates quoted by dealers at the market on Wednesday ranged from N1,435 and N1,446 to the dollar. Meanwhile, the naira is being traded at the black market in Lagos at between N1,450 and N1,460 to dollar.
How U.S. government shutdown is freezing $2.5bn in small-business loans
Washington, Nov. 5, 2025 -While the shutdown debate in Washington dominates the airwaves, its most t2gible effects are being felt far from the capital—in small towns, storefronts, and industrial parks across America. This week, the U.S. Small Business Administration (SBA) released a sobering state by state analysis showing scope of disruption. The agency’s two flagship loan programs—the 7(a) and 504 loans—are at a complete standstill. Every day the shutdown continues, roughly 320 small businesses are unable to access more than $170 million in SBA-backed financing. Since the first day of the …
World Economic Forum chief warns of three possible ‘bubbles’ in global economy
Sao Paulo, Nov 5, 2025 – The world should watch out for three possible bubbles in financial markets, including artificial intelligence, the head of the World Economic Forum said on Wednesday, in comments that came amid sharp falls in global technology stocks. Brokers and analysts say the falls are a cause for caution but not panic as markets have been touching record highs and some valuations are looking overblown. “We could possibly see bubbles moving forward. One is a crypto bubble, second an AI bubble, and the third would be …
Tinubu seeks additional N1.15trn loan to finance 2025 budget
Abuja, Nov. 5, 2025 – President Bola Tinubu is seeking the approval of the Senate for a fresh N1.15 trillion loan from the domestic debt market to finance deficit in the 2025 budget. Tinubu’s request letter was to the Senate was read at the plenary on Tuesday by Godswill Akpabio, the President of Senate. According to the letter, the proposed borrowing is aimed at bridging the funding gap and ensuring the full implementation of government programs and projects under the 2025 fiscal plan. Akpabio referred the request to the …
Trump’s tariffs head to Supreme Court
Washington, Nov. 5, 2025 – Tariff watchers have had this Wednesday circled on their calendars for weeks now, as the Supreme Court is set to hear arguments on the legality of the authority President Trump has used to impose the lion’s share of his tariffs. That’s in part because observers are split about how things will play out once deliberations begin and ahead of a decision that could come before the end of the year. The case — formally knownas Learning Resources Inc. v. Trump — is one that …
Naira depreciates further at official market Tuesday, closing at N1,441.75 to dollar
Lagos, Nov. 5, 2025 – The Nigerian currency, the Naira, depreciated further at the official foreign exchange market on Tuesday, closing at N1,441.75 to the dollar. According to the Central Bank of Nigeria (CBN), the currency lost N3.75 to the dollar on Tuesday. The naira had closed at N1,438 to the dollar on Monday. Bid rates quoted by dealers in the market on Tuesday ranged between N1,430 and N1,442.45 to the dollar. The naira had suffered some setback in the market in the last two trading days, which dealers …