Despite several months of public letters and warnings, the Federal Capital Territory Administration has begun enforcement action against the owners of over 1,000 Abuja homes who have refused to pay statutory land-related costs. The move comes after Minister of the Federal Capital Territory, Nyesom Wike, approved action against the impacted houses in high-brow neighbourhoods like as Asokoro, Maitama, Garki, and Wuse.

Sunday Esan, Senior General Manager, Corporate Communications at Dangote Industries Ltd., stated that by substituting locally refined goods for imported petroleum, Dangote Refinery has saved Nigeria about ₦10 billion in foreign cash per year. Esan revealed this on Thursday in Lagos at the Nigeria Union of Journalists' Lagos State Council's 2025 Media Week, which has as its topic "Unlocking Opportunities for Businesses in a Challenging Economy: The Role of the Media / Roadmaps to Energy Security in Nigeria."


The Federal Government of Nigeria has debunked claims of a ban on open grazing in the country, following widespread media reports asserting that the ban has been enforced.

This was disclosed by the Minister of Livestock Development, Idi Maiha, on Tuesday, at the inauguration of an ultramodern Veterinary Hospital in Yola, Adamawa State.

The minister maintained that no such policy had been declared, stating that the government is actually applying a gradual, well-planned shift from open grazing to modern ranching practices.

He revealed that Nigeria presently has 273 officially designated grazing areas, totaling over 4.5 million hectares.

“The Federal Government is working closely with the state governments to revitalize, equip, and make these reserves conducive for pastoralists and other livestock operators,” he said.

Maiha explained that the transition plan does not eliminate open grazing immediately, but offers practical alternatives aimed at strengthening productivity, minimizing conflicts, and facilitating a sustainable livestock system.

He stated that pastoralists, just like any other economic group, need an organized and well-structured business environment.

“The grazing reserves provided by law are meant to serve as business premises for all livestock activities.

“Our responsibility is to upgrade these reserves and facilitate their proper utilization”, he said.

The Minister urged Nigerians to disregard the false reports and depend on official government sources for reliable information on livestock development policies.

 

 

The Central Bank of Nigeria's (CBN) Monetary Policy Committee has maintained the nation's monetary policy rate at 27%. During the Committee's 303rd meeting held in Abuja, Olayemi Cardoso, the governor of CBN, made this announcement at a news conference. In an economy, the MPR acts as the starting point for all other interest rates.