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Nigeria recorded a 12.3 percent year on year (YoY) increase in net foreign exchange inflow to to $41.73billion in the first eight months of 2025 (8m’25), from $37.14billion in the corresponding period of?2024 (8m’24). Analysis of data from the monthly economic reports of the Central Bank of Nigeria (CBN) showed that the increase in net forex inflow was driven by a 21.3 per cent rise in forex inflow into the economy which cancelled a 34.4 per cent increase in forex outflow from the economy. According to the CBN, forex inflow into the economy rose to $74.14billion in 8m’25, from $61.09billion in 8m’24.…

The Nigerian Naira opened the Christmas Eve trading session with slight fluctuations against the United States Dollar across both the official and informal markets. As of the morning of December 24, 2025, data from the Nigerian Foreign Exchange Market (NFEM) and various Bureau De Change (BDC) hubs show the local currency maintaining a relatively stable range despite increased seasonal demand for foreign exchange. Official Market Performance (NFEM) ​In the official window, the Naira is currently trading at an average of 1,453.70 per Dollar. Early morning trades recorded a high of 1,460.75 before settling lower as market liquidity improved. This represents…

The Nigeria Centre for Disease Control and Prevention has said that a total of 19,213 confirmed cases of measles have been recorded out of 26,866 suspected cases across 507 Local Government Areas in the 36 states and the Federal Capital Territory. The NCDC also said the country has recorded 153 deaths from the infectious disease as of November 2025. The centre disclosed this in its measles situation report made available to journalists in Abuja on Tuesday. Measles is an acute, highly infectious viral disease that causes fever, red rash, cough, and red eyes. It is transmitted through coughing and sneezing,…

Source: vanguard The Federal Inland Revenue Service (FIRS) has announced that the National Identification Number (NIN) will automatically serve as the Tax Identification Number (TIN) for individual Nigerians beginning in 2026. The clarification was issued on Monday through a public awareness campaign on the new tax laws shared by the Service on X. According to the FIRS, registered businesses will also no longer need a separate Tax Identification Number, as their Corporate Affairs Commission (CAC) registration numbers will now function as their official tax identifiers under the revised tax framework. The announcement follows public concerns over aspects of the new…

Edo State House of Assembly Ad-Hoc Committees on the Museum of West African Art (MOWAA) and Radisson Blu Hotel have submitted their reports calling on the Edo State Government to repossess both properties. According to the committees, the land titles and funding for the projects belong to the Edo State Government. During the consideration of the report on MOWAA after presentation by the Adhoc Committee Chairman Hon Adeh Isibor, the House resolved to the Committee of the whole . The report which had Eleven Findings and three recommendations was adopted as the Ninety Seventh resolution of the Eighth Assembly. The…

Senate President Godswill Akpabio has escalated the legal battle over the suspension of Senator Natasha Akpoti-Uduaghan to the Supreme Court, contesting a Court of Appeal decision that struck out the Federal Government’s brief in the matter. The appellate court had dismissed the brief on procedural grounds, citing several violations, including the use of an unauthorized font size, exceeding the stipulated 35-page limit, and failure to seek leave to regularize the defects. In his appeal, Akpabio contends that the Court of Appeal breached his constitutional right to a fair hearing by declining to grant leave to correct the defective brief or…

No fewer than 821 suspects were arrested for various offences by operatives of the Edo State Police Command in 2025. The state Commissioner of Police, Monday Agbonika, stated this on Monday at the command’s year-end security review and measures put in place to guarantee a peaceful Christmas and New Year celebration in the state. Agbonika said the arrests cut across major crime categories, including 39 armed robbery suspects, 171 kidnapping suspects, 117 murder suspects, 62 linked to rape and sexual offences, 239 cultism suspects, 36 arrested for unlawful possession of firearms, and 157 others for various offences. He said the…

The Presidency has dismissed claims of discrepancies in the newly signed tax reform laws. It said that the documents circulating in the media were not authentic. The clarification came after a member of the House of Representatives, Abdulsamad Dasuki, alleged that the versions of the tax laws gazetted and released to the public differed from those passed by the National Assembly. The lawmaker argued that his legislative rights had been violated. In the wake of the allegation, former Vice President Atiku Abubakar, Labour Party’s 2023 presidential candidate Peter Obi, and some civil society organisations urged the government to halt the…

Governor of Edo State, HE Sen Monday Okpebholo on Monday inaugurated the Governing Council of the Edo State College of Nursing Sciences at the Government House, Benin City, charging members to reposition the institution for excellence in line with his administration’s development agenda. Speaking during the inauguration, Governor Okpebholo congratulated the members on their appointments, describing them as well deserved. He said the state was embarking on a new direction focused on sustainable development, particularly in the education and health sectors. The governor said, “Let me congratulate all of you for the well-deserved appointments. As you all know, Edo State…

Source: vanguard The Nigerian Naira maintained a narrow trading range against the United States Dollar on Monday, December 22, 2025, as activity in the foreign exchange market reflected the usual year-end liquidity patterns. Data from the Nigerian Foreign Exchange Market (NFEM) and informal channels show that the local currency continues to battle persistent inflationary pressures despite recent interventions. Official Market Performance (NFEM) ​At the Nigerian Foreign Exchange Market, which serves as the official window for corporate and government transactions, the Naira opened the week with a slight depreciation. According to data from the FMDQ Securities Exchange, the Naira was quoted…