Nigeria Loses 62,400 GWh to Gas Flaring
Nigeria is said to have lost an estimated 62,400 gigawatt-hours (GWh) of potential electricity generation from gas flaring between 2024 and 2025. This figure marks an 18.6 per cent rise from the 50,800 GWh recorded in 2022 and 2023, despite federal penalties aimed at stopping the practice. This was revealed by Data from the National […]
Oluremi Tinubu Celebrates Ex-First Lady Turai Yar’Adua on 70th Birthday
On her 70th birthday, Turai Yar’Adua, the former First Lady of Nigeria, was honored by Senator Oluremi Tinubu, who praised her for being a kind-hearted leader who put others before herself and worked towards the betterment of humanity. The former First Lady’s platinum jubilee was marked by Senator Remi’s goodwill gesture, which included her close […]
Nigerian Stock Market Loses N77bn as Heavyweight Stocks Drag ASI Lower
Investors’ market value was negatively affected by the decline in several heavyweight stocks, resulting in a negative closing for the Nigerian stock market. The NGX All-Share Index (ASI) experienced a 0.5% decline of 118.66 points, ending in 0.05%, at 247,238.74 points by the end of trading. As a result, the market capitalisation was N159.511 trillion. […]
FG Allocates N962.8bn for Empowerment Programmes, SUVs Amid Debt Crisis
The Federal Government has set aside a lot of money, N962.83 billion, in the 2026 budget for things like empowerment programmes and buying Sport Utility Vehicles. This is more money than what seven federal ministries got combined. A group called Tracka looked at the numbers. Found this out. They saw that N947.70 billion was for […]
Match Preview: Nigeria Vs Malawi- As Super Falcons Eye Historic 11th WAFCON Title
Nigeria’s Super Falcons will begin their quest for a record-extending 11th Women’s Africa Cup of Nations (WAFCON) title as the 2026 tournament kicks off in Morocco, with continental glory and qualification for the 2027 FIFA Women’s World Cup in Brazil at stake. The championship, scheduled to run from July 26 to August 16, is expected […]
FG Sets Up Committee to Develop New VAT Framework Under Tax Reform Laws
A group has been established by the Federal Government to handle the 2026 Value Added Tax Modification Order. This group is essential for assisting investors and tax officials in understanding the tax laws in Nigeria. In Abuja, Taiwo Oyedele, the Minister of Finance, established this team. He stated that the Nigeria Tax Act 2025 would […]
CBN Reports Increase in Nigeria’s Money Supply Despite Tight Monetary Policy
Nigeria’s money supply rose to N133.25 trillion in June 2026, up from N129.21 trillion in May, even as the Central Bank of Nigeria (CBN) maintained its Monetary Policy Rate (MPR) at 26.5 per cent. The latest figures released by the apex bank show that the country’s broad money supply increased by N4.04 trillion within one […]
Nigeria Set to Gain as Oil Prices Top $100
Nigeria has the potential to rake in additional oil revenue as global oil prices have reached levels over $100 per barrel for the first time in nearly two months on account of increased Middle Eastern tensions. This is because Brent crude oil prices hit $100.69 per barrel yesterday, reaching its highest point of $101.01 while […]
Nigeria Intensifies Drive to Close Metering Gap
The Federal Government intensifies efforts to eliminate Nigeria’s electricity metering deficit through the Presidential Metering Initiative and a World Bank-supported programme. Director-General of the Bureau of Public Enterprises, Ayodeji Ariyo Gbeleyi, announced that the two initiatives together aim to deliver about seven million meters across the country. This figure surpasses the current estimated deficit of […]
31 Firms Win 37 Oil Blocks in NUPRC 2025 Licensing Round
Thirty-one companies emerged as winners of 37 oil and gas blocks at the end of the 2025 Licensing Round organised by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The keenly contested bidding process took place on July 21, 2026, at the Transcorp Event Centre in Abuja. A total of 143 companies submitted 200 bids for […]
FG, Partners Marked World Brain Day with Call for Equitable Neurological Care
The Federal Government and its health sector partners have called for equitable access to quality neurological care as Nigeria joined the global community to mark the 2026 World Brain Day. The observance, which was commemorated nationally for the first time, drew attention to the growing burden of neurological disorders and the urgent need to strengthen […]
Nigeria, Germany Strengthen Bilateral Ties with New Agreements
The Federal Government has reaffirmed its commitment to implementing the resolutions reached at the 2025 Nigeria-Germany Bi-national Commission as both countries move to deepen cooperation in trade, energy, investment and other strategic sectors. The commitment was reiterated during bilateral talks in Abuja between Nigeria’s Minister of Foreign Affairs, Bianca Odumegwu-Ojukwu, and Germany’s Foreign Minister, Johann […]