News
Tinubu Sets N1,500 to Dollar in 2025 Budget to Boost Nigeria’s Economy and Reduce Inflation

In his 2025 Appropriation Bill presented to the joint session of the 10th National Assembly in Abuja on Wednesday, President Bola Tinubu set a target of N1,500 to the dollar.
The target marks a reduction of around N200 from the current exchange rate, which hovers around N1,700 to a dollar.
The move is a step toward improving the country’s economic performance and addressing the ongoing challenges of inflation and exchange rate instability.
The budget projections are ambitious, with the government aiming to reduce inflation significantly from its current rate of 34.6% to 15% in the coming year.
In addition to the exchange rate improvement, the budget also sets a target for crude oil production, with the base assumption set at 2.06 million barrels per day.
The president outlined several key strategies to achieve these targets.
These include reducing the importation of petroleum products and increasing exports of refined petroleum products.
There is also a focus on boosting agricultural production, to achieve a bumper harvest, driven by improved security measures that will reduce reliance on food imports.
In his speech, Tinubu emphasized the need to increase foreign exchange inflows, which will be facilitated by greater foreign portfolio investments.
He also mentioned the government’s efforts to boost crude oil output and exports, alongside a substantial reduction in upstream oil and gas production costs.
These measures are expected to contribute significantly to the overall economic stability the government is aiming for in 2025.
News
Pastor Adeboye to Lead National Prayers for Nigeria’s Failing Economy

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, will be leading a national prayer session focused on reviving Nigeria’s struggling economy. The prayer is scheduled to take place during the church’s July 2025 Thanksgiving Service, themed “Divine Intervention”, at the RCCG national headquarters in Oyingbo, Lagos.
Speaking ahead of the event through his Special Assistant on Administration, Pastor Dele Balogun, Pastor Adeboye acknowledged that both Nigeria and other countries are facing tough times. But he believes the current hardship is not beyond repair if people embrace faith and take positive action.
“Our nation is going through serious challenges, just like other parts of the world. But the truth is, we can overcome them with faith, as long as we don’t give room to fear or doubt,” Adeboye said. He encouraged Nigerians to reject negative confessions and instead focus on faith-driven solutions, adding that with God’s intervention, the country’s economic situation can still turn around.
The upcoming prayer session, according to him, is not just about asking for change but about opening doors to new opportunities and paving the way for national transformation.
News
Israel Bombs Southern Lebanon Again with Heavy Airstrikes

Southern Lebanon witnessed one of its most serious attacks in months on Friday, June 27, after Israeli fighter jets bombarded areas around Nabatieh, a city located deep in Lebanon’s south. Eyewitnesses reported hearing several loud explosions as Israeli aircraft targeted hilltops and underground sites in two separate waves of strikes.
The Israeli military later confirmed the operation, saying they aimed at Hezbollah positions they claimed were being rebuilt in violation of last year’s ceasefire deal. According to Lebanese officials, the assault left one woman dead and over a dozen others injured after a residential building in Nabatieh was hit.
Local sources say the woman, reportedly a German national, had been staying in the apartment complex when it collapsed following the blast. Paramedics rushed several other residents, including those in nearby areas, to hospitals with varying injuries. The situation sparked panic across the city, with families evacuating damaged homes and roads filled with rescue teams.
Reason for the bombing
The Israeli army stated that the operation was aimed at dismantling what they described as a “reconstructed underground defense system” controlled by Hezbollah militants. According to them, Hezbollah has been rebuilding tunnels, weapons depots, and launch sites in the region, despite the ceasefire agreement brokered in November 2024, which banned such military infrastructure close to the border.
Israeli officials also claimed that the explosion in the civilian building wasn’t directly caused by their missiles but was triggered by hidden Hezbollah weapons stored in the area, causing a secondary blast.
In response, Lebanon’s government strongly condemned the strikes, calling them a direct attack on Lebanese sovereignty. President Joseph Aoun described Israel’s actions as a dangerous violation of the truce, adding that the attack could drag both sides back into open conflict. Prime Minister Nawaf Salam also criticized the airstrikes, warning that Lebanon cannot tolerate repeated breaches of the ceasefire while civilians continue to suffer the consequences.
Business
GTCO Announces Nationwide Early Closure on June 30 for Half-Year Audit

Customers of Guaranty Trust Holding Company (GTCO) across Nigeria should brace for early branch closures on Monday, June 30, 2025, as the banking group kicks off its routine half-year audit.
In an official announcement shared on their verified X (formerly Twitter) page, GTCO informed customers that all their branches nationwide will stop attending to walk-in customers earlier than usual to allow for internal review processes.
The bank assured the public that this temporary adjustment is strictly for operational reasons tied to their mandatory half-year audit, a common practice among financial institutions to check financial records, processes, and compliance levels.
While in-person services will pause earlier that day, GTCO encouraged customers to make use of their digital banking platforms. Options such as internet banking, mobile apps, ATMs, and USSD codes, which will remain available 24/7 for essential banking transactions.
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