Two African Countries oppose BRICS’ declaration backing South Africa for a United Nations Security Council seat.

BRICS is expanding – but perhaps inevitably, more members mean more opportunities for disagreement, including between African members. This became apparent at the recent BRICS foreign ministers meeting in Rio de Janeiro. Unusually, the gathering failed to issue a consensus communiqué because of objections from the two new African members who joined in 2023 –…

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FG’s approves establishment of electric vehicle factories

The Chinese Ambassador to Nigeria, Yu Dunhai, has harped on the imperative of enhanced collaboration between China and Nigeria in unlocking the potential of Nigeria’s Solid Minerals sector through the establishment of electric vehicle factories in Nigeria. Ambassador Dunhai disclosed this while paying a courtesy visit to the Minister of Solid Minerals Development, Dr. Dele…

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The Federal Government unveils new payment platform for FG Revenues Collection.

This was revealed in a memo from the Office of the Accountant General of the Federation, dated February 28, 2025, The new platform, named Treasury Management & Revenue Assurance System, is designed to streamline and manage federal revenue collections and payments across ministries, departments, and agencies, including those benefiting from donor funds, trust funds, social…

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FEC approves N758bn to clear pension liabilities.

•okays €30m concessional loan to support student housing projects •FG to harmonise, prioritise economic reform agenda The Federal Executive Council (FEC) has approved the issuance of a Federal Government bond worth N758 billion to settle outstanding pension liabilities owed to retirees under the old Defined Benefit Scheme. This was disclosed by the Minister of Finance…

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US withdraws from World Health Organisation, WHO.

President Donald Trump has announced US’s withdrawal from the World Health Organization, in a significant move that drew criticism from public health experts on his first day back in the White House. Trump has long been critical of the United Nations’ health agency, and his administration formally began a withdrawal from the WHO in July…

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Lagos govt seals Coca-Cola, Guinness, Peak Milk factories over unauthorised groundwater use

The Lagos State Government has sealed the facilities of three major companies – Nigerian Bottling Company (producers of Coca-Cola), FrieslandCampina (makers of Peak Milk), and Guinness Nigeria Plc – for extracting large quantities of groundwater without proper authorisation. The Lagos State Water Regulatory Commission (LASWARCO) carried out the enforcement operation, as disclosed by Mr. Olowu…

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