China Applauds Nigeria’s Unwavering Support for One-China Policy, Urges Media to Uphold Diplomatic Integrity
The Chinese government has commended Nigeria’s steadfast commitment to the One-China policy, a longstanding diplomatic principle recognizing the People’s Republic of China as the sole legitimate authority over all Chinese territories, including Taiwan.…
Facebook May Be Cut off From Nigeria Amid Dispute Over Hefty Fines and Regulatory Demands
Meta, the parent company of Facebook and Instagram, has warned that Nigerians could lose access to these platforms due to hefty fines and what it called “unrealistic” regulatory demands from the Nigerian government. In 2023, three Nigerian…
Price of Rice Drops to N58,000 in Nigeria Amid Surge in Imports from Benin Republic
The price of a 50kg bag of rice has fallen to N58,000 in some parts of Nigeria, particularly in remote areas, as imports from the Republic of Benin have surged, according to a report by S&P Global. The report highlights that the West African…
Tribunal Upholds $220m Fine Against Meta, Orders WhatsApp to Reform Data Practices in Nigeria
The Competition and Consumer Protection Tribunal in Nigeria has ordered WhatsApp and its parent company, Meta Platforms Incorporated, to pay a total of $220 million in penalties, alongside a reimbursement of $35,000 to the Federal Competition and…
World Bank Warns: Millions More Nigerians at Risk of Poverty by 2027
Hobnob News – The World Bank has projected a troubling rise in poverty across Nigeria, estimating an increase of 3.6 percentage points by 2027. This projection is contained in the latest Africa’s Pulse report, released during the ongoing Spring Meetings…
IMF Issues Apology Over Remarks on Nigeria’s Economic Reforms
The International Monetary Fund (IMF) has issued an unusual apology over recent remarks on Nigeria’s economic reforms, following a strong response from Nigerian officials at the Spring Meetings in Washington, DC. The apology came after Senator Jimoh…
IMF reports poverty and insecurity remain high in Nigeria
The International Monetary Fund (IMF) has expressed that Nigeria is still facing considerable uncertainty in its economic future, despite a series of significant reforms. During its 2025 Article IV Consultations with Nigeria’s policymakers, IMF’s…
Nigeria Records $6.83 Billion BOP Surplus in 2024, Signaling Economic Recovery
The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year, marking a significant recovery from the previous deficits of $3.34 billion in 2023 and $3.32 billion in 2022. This positive…
President Tinubu Approves 8,800 New Health Centres Across Nigeria
President Bola Tinubu has sanctioned the establishment of over 8,800 new Primary Healthcare Centres nationwide and the upgrading of existing tertiary institutions to enhance trauma, oncology, and infectious disease care. Vice President Senator Kashim…
Nigeria Collaborates with Turkey to Secure Return of Smuggled Baby Gorilla
The Federal Government of Nigeria is collaborating with Turkish authorities to secure the safe return of a baby gorilla that was intercepted at Istanbul Airport, Turkey, on 22 December 2024. According to a statement released by the Spokesperson for the…