FG Denies Nigeria, ECOWAS Backed Failed Coup in Niger
The Federal Government has dismissed reports alleging that Nigeria and the Economic Community of West African States (ECOWAS) supported the recent failed coup attempt in Niger Republic. The Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, described the claims circulating on social media as baseless and irresponsible, accusing those behind them of deliberately misleading […]
Nigeria’s Economy Grows 4.4% in Q2 2026 – NBS Reports
Nigeria’s economy grew by 4.4 per cent year-on-year in the second quarter of 2026, representing a modest improvement from the 4.2 per cent growth recorded in the corresponding period of 2025. The National Bureau of Statistics (NBS), which released the latest Gross Domestic Product (GDP) figures on Monday, attributed the growth to improved performances in […]
Petrol Price Rises to N1,310, Fuelling Fears of N1,500 Per Litre
Fresh concerns have emerged over the rising cost of petrol in Nigeria after the pump price of Premium Motor Spirit (PMS) increased from N1,205 to N1,310 per litre, raising fears that the price could soon reach N1,500. The latest increase comes despite a decline in global crude oil prices, highlighting the growing influence of domestic […]
US Visa Pause Raises Fresh Concerns for Nigerians Seeking Immigration
Nigerians planning to relocate to the United States may face further uncertainty following the suspension of immigrant visa processing at US embassies and consulates worldwide under the Donald Trump administration. The US State Department confirmed that the adjustment began in early August, with some applicants whose interviews had already been scheduled reportedly receiving cancellation notices […]
MTN Eyes Banking Licences, AI Data Centres in Nigeria, South Africa
MTN Group is exploring the possibility of obtaining banking licences in selected markets as it seeks to expand its lending business and strengthen its fintech operations. The group’s Chief Executive Officer, Ralph Mupita, disclosed this on Tuesday while speaking with journalists, saying the licences could allow MTN to accept deposits and eventually lend directly to […]
South Side Boys: The Untold Story Behind Nigeria’s Wreckage
Four South Side boys. Early ’80s Chicago. Small enough geographic footprint that their paths almost had to cross in the same gritty neighborhoods, campuses, and parishes. Today those same four have left Nigeria a smoking wreck. Barack Obama.David Axelrod.Bola Tinubu (or whatever his real name is).And the brand-new American Pope, Leo XIV. They weren’t just […]
Deep Offshore Incentives Could Attract $50bn, Add 1m bpd – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has projected that the 2026 Deep Offshore Oil and Gas Project Incentives (Tax Remission) Executive Order could attract up to $50 billion in fresh investment and increase Nigeria’s crude oil and condensate production by about one million barrels per day. President Bola Tinubu approved the executive order on […]
Subsidy Reform: FG Spends N30.6tn to Cushion Economic Impact
The Federal Government says it spent N30.64 trillion between June 2023 and December 2025 to cushion the impact of economic reforms introduced by President Bola Tinubu, including the removal of petrol subsidy. According to the government, the reforms generated N15.8 trillion in additional resources for the Federation during the period. The figures were disclosed by […]
US Lifts 12-Year Shipping Restriction on Nigerian Ports, Boosts Maritime Trade
The United States Coast Guard has lifted the 12-year Condition of Entry (CoE) imposed on vessels travelling to the United States from Nigeria, the Federal Government has announced. Minister of Marine and Blue Economy, Adegboyega Oyetola, disclosed this on Tuesday, describing the development as a major boost for Nigeria’s maritime industry. The restriction, introduced in […]
FCCPC Probes Cement Price Surge, Suspects Market Manipulation
The Federal Competition and Consumer Protection Commission (FCCPC) has launched a fresh investigation into the rising price of cement in Nigeria, following preliminary findings suggesting that the sharp increase may not be fully justified by prevailing market conditions. The probe followed a three-month cross-border study comparing Nigeria’s cement market with those of Kenya, Tanzania, South […]
EU Approves €2.3m Emergency Aid to Fight Cholera in Nigeria, Three African Countries
Nigeria and three other African countries are set to benefit from €2.3 million in emergency humanitarian assistance approved by the European Commission to support efforts to contain the ongoing cholera outbreak across West and Central Africa. The European Union (EU) Delegation to Nigeria and the Economic Community of West African States (ECOWAS) announced the funding […]
Nigeria’s Anti-Corruption War: Justice or Political Convenience?
Nigeria’s anti-corruption war stands today at a defining crossroads. More than ever before, Nigerians are asking whether the fight against corruption is truly guided by the rule of law or by political convenience. The handling of the Economic and Financial Crimes Commission (EFCC) investigations involving former Delta State Governor, Senator Ifeanyi Okowa, and former Kogi […]