The federal government is preparing to release intervention funds to support 109 Nigerian foreign missions facing financial difficulties.
This move comes as insecurity continues to rise across northern Nigeria, with Governor Babagana Zulum of Borno State urging President Bola Tinubu to take more decisive actions to address the worsening situation.
Zulum also advised the President to listen closely to the military’s assessments rather than those of his close aides.
Meanwhile, opposition parties are rallying around the African Democratic Congress (ADC) as their platform to challenge Tinubu in the 2027 presidential election.
Leaders of the ADC are set to meet soon to confirm the coalition arrangement ahead of the polls.
On the economic front, the Manufacturers Association of Nigeria and the Lagos Chamber of Commerce and Industry have called for an urgent reduction in interest rates to protect local industries.
According to a report released by the African Export-Import Bank, Afreximbank’s assets reached $42.7 billion by the end of the first quarter of 2025, signalling growth in African trade financing.
Meanwhile, the Nigerian Education Loan Fund has instructed tertiary institutions to refund tuition fees to students who benefited from the student loan scheme, aiming to ease financial burdens on learners.
Security remains a significant concern as gunmen abducted four people in the Okoloke community, Kogi State.
The Department of State Services clarified that its officers were not involved in the arrest of IPOB leader Nnamdi Kanu in Kenya.
In Oyo State, Governor Seyi Makinde assured that the Peoples Democratic Party will stay focused on the people’s needs despite recent defections.
To reduce tanker accidents, the Nigerian Midstream and Downstream Petroleum Regulatory Authority has announced new rules banning trucks from loading more than 45,000 litres of fuel by the end of the third quarter of 2025.
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