IMO BREAKING NEWS BLOG

President Bola Tinubu has appointed Ayo Sotinrin as the new Managing Director of the Bank of Agriculture.Sotinrin, former Group CEO of SAO Group, brings a wealth of experience in agribusiness and deve...

China announced on Friday it will impose an additional 34% tariff on all U.S. imports starting April 10, in response to new trade levies introduced by Washington.The Finance Ministry confirmed the mov...

The International Monetary Fund (IMF) has thrown its weight behind Nigeria’s Single Window Trade Project—an initiative aimed at streamlining trade, boosting revenue, and driving economic growth.The en...

French President Emmanuel Macron has called on European companies to suspend planned investments in the United States following President Donald Trump’s announcement of sweeping global tariffs on Amer...

The Nigerian naira recorded its steepest depreciation against the US dollar on Thursday, falling to ₦1,552.53/$1 at the official market — a drop of ₦21.28 from ₦1,531.25 on Wednesday.This marks the sh...

The Central Bank of Nigeria (CBN) has disowned a circular claiming it has introduced two new denominations—N5,000 and N10,000 notes. The apex bank described the circular as “fake” in a statement via i...

Former senator Shehu Sani (Kaduna Central) has turned down an invitation to serve as a judge for the Miss World Nigeria Beauty Pageant, scheduled for April 4 at the Federal Palace Hotel, Lagos.Event o...

MTN Ghana’s CEO, Stephen Blewett, has dismissed allegations that the telecom giant manipulates customer data usage, calling it a long-standing misconception across various markets.His statement comes ...

President Bola Tinubu has approved the reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the Chairman, Chief Pius Akinyelure and the Group Chief Executive Office...

African airlines recorded a 5.7% year-on-year decline in air cargo demand in February 2025, with capacity decreasing by 0.6% in the same period. Capacity, measured in available cargo tonne-kilometers ...

Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu, has expressed deep sympathy for traders and property owners affected by the recent fire outbreak at Onitsha Main Market, Anambra Sta...

The House of Representatives Public Accounts Committee (PAC) has made another major breakthrough in its ongoing investigation into financial irregularities in the oil and gas sector, recovering an add...

Canada’s Immigration, Refugees and Citizenship Canada (IRCC) has reduced its immigration backlog, improving visa processing efficiency. As of March 2025, the backlog has dropped to 821,200, a 7.95% de...

The International Monetary Fund (IMF) has appointed Heirs Holdings Founder and Group Chair, Tony Elumelu, to its Advisory Council on Entrepreneurship and Growth, convened by IMF Managing Director, Kri...

King Charles III canceled his appointments on Thursday and Friday after experiencing temporary side effects from his ongoing cancer treatment, Buckingham Palace announced. The 76-year-old monarch was ...

CBN Governor Olayemi Cardoso has revealed that women make up 35% of appointed directors in Nigerian banks.Speaking at the CBN’s International Women’s Day grand finale in Abuja, Cardoso emphasized the ...

The International Monetary Fund (IMF) has urged the Nigerian government to fast-track the completion of its cash transfer programme to support vulnerable households amid ongoing economic reforms. IMF ...

The Standards Organisation of Nigeria (SON) has intensified efforts to ensure locally manufactured products, including Made-in-Aba brands, meet quality standards for both local and international marke...

The Senate on Wednesday mandated the Senate Committee on Communications to investigate the recent increase in the cost of data and recommend solutions for a more sustainable and business-friendly tele...

Nigeria is home to a wealth of untapped mineral resources, yet the country continues to rely on imports for refined mineral products. Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu...