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CBN Faces Surge in Bank Deposits, Reflecting Excess Liquidity in 2025

In the first seven months of 2025 (7m’25), banks’ deposits with the Central Bank of Nigeria (CBN) through the Standing Deposit Facility (SDF) skyrocketed by 783.7% year-on-year to ₦79.8 trillion from ₦9.03 trillion in 7m’24, signaling significant excess liquidity in Nigeria’s banking system. The CBN’s shift to a single-tier remuneration structure for the SDF in […]

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FG Approves NIRP 2025 to Curb Strikes, Engages Striking Nurses Amid Labour Tensions

On Thursday, July 31, 2025, the Federal Government approved the National Industrial Relations Policy (NIRP) 2025 to address frequent strikes and foster workplace harmony, as announced by Minister of Information and National Orientation, Mohammed Idris, following a Federal Executive Council (FEC) meeting chaired by President Bola Tinubu in Abuja. The NIRP aims to regulate trade […]

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Nigeria’s Cybercrime Act Misused to Suppress Dissent Amid Rising Cyber Threats

On Friday, August 1, 2025, concerns over the misuse of Nigeria’s Cybercrimes (Prohibition, Prevention, Etc.) Act of 2015, amended in 2024, have intensified, with civil society activists and lawyers like Mr. Kunle Edun, SAN, accusing security agencies of weaponizing the law to silence government critics rather than tackling escalating cyberattacks costing the economy billions. Between […]

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MAN Raises Alarm Over Declining Industrial Sector Share in Nigeria’s GDP

On Tuesday, July 29, 2025, the Manufacturers Association of Nigeria (MAN), through its Director-General, Mr. Segun Ajayi-Kadir, expressed deep concern over the declining contribution of the industrial sector to Nigeria’s Gross Domestic Product (GDP), as highlighted in a statement to Vanguard reacting to the National Bureau of Statistics (NBS) report of a 3.13% GDP growth […]

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African Union Rejects RSF’s Parallel Government in Sudan, Urges Non-Recognition

On Wednesday, July 30, 2025, the African Union’s (AU) Peace and Security Council rejected the Rapid Support Forces’ (RSF) declaration of a “parallel government” in Sudan, announced on July 26, 2025, with Mohamed Hassan al-Ta’ayshi as prime minister and a presidential council led by RSF commander Mohamed Hamdan “Hemedti” Dagalo. The AU condemned the move […]

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Operation Hadin Kai Neutralizes Boko Haram Terrorists, Thwarts IED Attack in Borno

On Wednesday, July 30, 2025, the Nigerian Army’s Operation Hadin Kai (OPHK), led by Theatre Commander Major General Abdulsalam Abubakar, reported the neutralization of nine Boko Haram terrorists in Konduga, Bama, and Gwoza Local Government Areas of Borno State, as part of sustained offensive operations, including ambushes and fighting patrols supported by the Air Component. […]

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IMF Upgrades Nigeria’s 2025 Economic Growth Forecast to 3.4%

On Tuesday, July 29, 2025, the International Monetary Fund (IMF) revised Nigeria’s economic growth forecast for 2025 to 3.4%, up 0.4 percentage points from its April 2025 projection of 3.0%, according to the July 2025 World Economic Outlook (WEO). The IMF also raised Nigeria’s 2026 forecast to 3.2%, a 0.5 percentage point increase from 2.7%. […]

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Controversy Surrounds Alleged Unlawful Removal of Ikebiri Kingdom’s Paramount Ruler

On Saturday, July 26, 2025, the purported removal of HRH Chief Ododo Francis Timi (Ike VIII), the third-class Paramount Ruler of Ikebiri 1 Community in Southern Ijaw Local Government Area, Bayelsa State, sparked tension and controversy. Community sources allege that Chief Joshua Maciver, Coordinator of Tantita Security Services and an ex-militant leader, was implicated in […]

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