Rising Global Fuel Costs Squeeze Nigerian Importers
Nigerian fuel importers are coming under fresh pressure as rising international petrol prices and higher shipping costs increase the cost of bringing fuel into the country, according to a new report by S&P Global Commodity Insights. The report said importers are also facing stiff competition from the Dangote Petroleum Refinery, whose pricing has continued to […]
Rivers Senator Slams NNPCL Over Crude Theft Probe
Senator Allwell Onyesoh has criticised the Nigerian National Petroleum Company Limited (NNPCL) for repeatedly failing to appear before the Senate Committee investigating crude oil theft, describing the action as a threat to legislative oversight and accountability. Speaking with journalists after a committee meeting, the Rivers East senator and Vice Chairman of the Senate Committee on […]
Nigeria Nets N41.7trn from Six-Month Crude Output – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed an income of approximately N41.74 trillion from crude oil and condensate production in the first six months of 2026. The commission accounted that the total crude oil and condensate production in Nigeria for the period under review was approximately 295.18 million barrels at an average of […]
CAC Targets 100,000 Companies For Deregistration, Gives 90-Day Deadline
The Corporate Affairs Commission (CAC) has started a nationwide exercise to enforce compliance. This exercise may lead to the deregistration of 100,000 companies from Nigeria’s corporate register. They have 90 days to regularise their filings. The Commission said this exercise is based on Sections 692(3) and (4) of the Companies and Allied Matters Act (CAMA) […]
Nigeria, US Deepen AI, Data Centre Partnership
The Federal Government of Nigeria has deepened its digital economy partnership with the United States, with both countries exploring collaboration on Artificial Intelligence (AI), data centre investments and other critical digital infrastructure to accelerate innovation, attract investment and drive economic growth. The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, disclosed this following […]
World Bank Retains Nigeria’s Lower-Middle Income Status for 2027 Fiscal Year
The World Bank has retained Nigeria’s classification as a lower-middle-income economy for its 2027 fiscal year, maintaining the country’s position among nations with a Gross National Income (GNI) per capita of between $1,176 and $4,635. The classification is contained in the World Bank’s latest annual income update, which evaluates economies using 2025 GNI per capita […]
Nigeria Schedules Final Evacuation Flight from South Africa
The Federal Government is set to evacuate another group of Nigerians from South Africa as concerns over the safety of its citizens persist following recent anti-immigration protests and attacks. The evacuation flight is scheduled to depart Johannesburg on Tuesday and arrive in Lagos on Wednesday, July 8. It will be the fifth evacuation exercise since […]
The PFIPC Controversy Raises Questions That Demand Clear Answers
The PFIPC controversy has become one of the most talked-about political issues in Nigeria. While the Presidency insists the Presidential Foreign Intervention Promotion Council (PFIPC) is not an official government agency, documents circulating in the public domain appear to tell a different story. Reports and official records cited by critics suggest the PFIPC received budget […]
Tinubu Charges Journalists to Choose Truth Over Clickbait
Nigerian journalists have been urged to remain committed to ethics and uphold professionalism, factual accuracy and a sense of responsibility, which are indispensable to sustaining Nigeria’s democracy. President Bola Ahmed Tinubu made the call while speaking at the inaugural State House Media Corps Presidential Dinner held at the Presidential Villa in Abuja on Thursday, July […]
The Man Behind Trump’s Silence on Nigeria
Something historic happened at the G7 summit in Évian-les-Bains, France, this past Tuesday, and most of the world’s commentariat has completely missed what it means. Donald Trump, the most unconditionally pro-Israel American president in living memory, the man who moved the embassy to Jerusalem, recognised the Golan Heights, and gave Benjamin Netanyahu everything he asked […]
Nigeria’s Vanishing Minds
Nigeria Is Drowning and Its Best Swimmers Have Left the Pool. When a nation exports its intelligence and imports its leadership from the gutter, the countdown to catastrophe has already begun Nigeria is in serious trouble, not the kind of trouble you can fix with an emergency cabinet reshuffle or a press release from Aso […]
Nigeria’s Oil Boom: Millions Still Trapped in Poverty
Nigeria has failed to convert its massive oil wealth into economic progress and improved livelihoods for its citizens, according to a new report. The study by Oil Change International and Power Shift Africa looked at 13 African oil and gas producers, including Nigeria, Angola, Equatorial Guinea and Libya. Titled “Pipe Dreams,” the report concludes that […]