Author: Atoyebi Adenike
By Atoyebi Nike The Federal Government has introduced the Federal Treasury Receipt (FTR) – a landmark digital initiative designed to close revenue leakages and enhance fiscal transparency across all ministries and agencies. According to the Ministry of Finance, the FTR provides a single, verifiable digital proof for all payments into federal accounts, ensuring every government-issued receipt matches actual funds received by the Treasury. The system is part of a broader reform that includes the Central Billing System (CBS) and the Revenue Optimisation and Assurance Platform (RevOp), which went live on August 1, 2025. Together, they aim to automate revenue reconciliation,…
By Atoyebi Nike The assault occurred around 7:50 p.m. on Tuesday, October 21, 2025, according to Solomon Dalyop, President of the Berom Youths Moulders Association, who confirmed the incident on Wednesday. “In another turn of events at about 7:50 p.m., bandits suspected to be armed Fulani attacked and shot dead two people, including Mr. Pam Choji, and injured one person,” Dalyop said, noting that the community had earlier received warnings of planned raids. The Plateau State Police Command also confirmed the incident. Police spokesperson Alabo Alfred said officers were already on their way to the area for assessment. The latest…
By Atoyebi Nike The National Emergency Management Agency (NEMA) has received 147 stranded Nigerians repatriated from Libya under the Assisted Voluntary Return (AVR) programme, jointly supported by the International Organisation for Migration (IOM) and the Federal Government of Nigeria. In a statement posted on Wednesday, NEMA said the returnees arrived at the Cargo Terminal of Murtala Muhammed International Airport, Lagos, aboard an Air Libya Airlines flight (registration number 5A-BAE) at 5:15 p.m. on October 21, 2025. The group included 100 adults (32 males and 68 females), 34 children (18 males and 16 females), and 13 infants (5 males and 8…
By Atoyebi Nike The naira posted a mild recovery on Wednesday, appreciating to ₦1,495 per dollar in the black market from ₦1,500/$ the previous day. It also gained slightly in the official Nigerian Foreign Exchange Market (NFEM), trading at ₦1,464/$. According to the Central Bank of Nigeria (CBN), the local currency strengthened from ₦1,464.5/$ on Monday, reflecting short-term stability driven by improved dollar liquidity and moderated import demand. Despite this, analysts note that the parallel market rate remains above the official rate, indicating ongoing supply-demand imbalances. Investment bank CardinalStone Research said the decline in inflation could further support the naira.…
By Atoyebi Nike Johnvents Industries Limited has launched a ₦100 billion ($67.5 million) commercial paper to expand its cocoa processing and export operations across Nigeria. The offer, which opened on October 17 and closes on October 24, carries a 270-day tenor with an annual yield of about 23%. Proceeds will fund production expansion, working capital, and export growth at the company’s Ondo State facilities. Group Managing Director John Alamu said the initiative aims to strengthen Nigeria’s role in global cocoa value addition. “We’ve moved beyond just exporting raw beans. Local processing creates jobs, retains value, and stabilizes foreign exchange,” he…
By Atoyebi Nike The Federal Airports Authority of Nigeria (FAAN) has announced a major stride toward operational excellence with the unveiling of its integrated ISO policy, aimed at achieving full certification for all Nigerian airports by December 2025. The announcement was contained in a statement signed by FAAN’s Director of Public Affairs and Consumer Protection, Mr. Henry Agbehire, on Tuesday, following the formal presentation of the policy on Monday, October 21. According to the statement, the new policy merges ISO 9001:2015 Quality Management System (QMS) and ISO 14001:2015 Environmental Management System (EMS) into a single framework designed to standardize airport…
By Bagudu Mohammed The news broke quietly: President Bola Tinubu had appointed Dr. Bernard Mohammed Doro as Minister-designate to replace Prof. Nentawe Yilwatda, who now serves as the National Chairman of the All Progressives Congress (APC). Dr. Doro hails from Bassa Local Government in Jos North, Plateau State. Yet, what fascinated me was not just the appointment itself, but the silence that followed it a silence loud enough to announce that the master strategist had struck again. Unlike the noisy reactions that greeted previous nominations, from Prof. Nentawe Yilwatda to the new INEC Chairman, Prof. Joash this one arrived like…
By Atoyebi Nike The Academic Staff Union of Universities (ASUU) has called off its ongoing two-week warning strike following an overnight meeting of its National Executive Council (NEC), which ended at about 4:00 a.m. on Wednesday in Abuja. Announcing the decision, ASUU National President, Prof. Chris Piwuna, said the suspension followed renewed engagements with government officials and appeals from students, parents, and the Nigeria Labour Congress (NLC). “We’ve had useful discussions with representatives of the government on the draft renegotiation of the 2009 agreements,” Piwuna said. “While we are not yet where we should be, the government has returned to…
By Atoyebi Nike Gold and silver prices dropped sharply on Wednesday, marking a second day of losses that ended a powerful rally in precious metals. The decline followed comments by former US President Donald Trump suggesting his planned meeting with Chinese leader Xi Jinping might not happen, cooling market optimism. Gold, which has surged more than 60 percent this year, fell as much as six percent after hitting a record high of $4,381.51 an ounce on Tuesday. By Wednesday, it briefly touched $4,000. Silver also plunged, mirroring gold’s downturn. Analysts linked the sell-off to profit-taking, a stronger dollar, and hopes…
By Atoyebi Nike The House of Representatives has withdrawn several bills earlier referred to eight of its Standing Committees for failing to act on them within the time limit set by its rules. The decision followed the adoption of a motion by the Chairman, Committee on Rules and Business, Francis Waive, during plenary on Tuesday. The motion was titled “Discharge of Committees on referrals on bills pursuant to Order 18 Rule 11 (5) of the Standing Orders of the House of Representatives.” Under House Order 18, Rule 3(g), committees must treat referred matters within 30 days, or risk being discharged…