Nigeria’s energy landscape continues to encounter structural headwinds. Fresh economic figures reveal that Nigeria’s power sector contracts again, shrinking by 10.63% year-on-year in real terms during the second quarter of 2026. Data released by the National Bureau of Statistics (NBS)…
Popular fintech company, OPay has dismissed a widely circulated online notice claiming that the company will stop operations on September 1, 2026, describing the information as false. The fake notice, presented as an “Official Note” from OPay Digital Services Limited,…
African leaders face growing pressure to protect intra-continental migrants and strengthen homegrown security frameworks. At a major summit, President Bola Tinubu called on the AU to stop xenophobic attacks against foreign nationals. He warned that persistent violence damages continental unity…
Nigeria’s downstream energy market faces fresh operational friction. Industry insider reports indicate that Dangote Refinery may cut petrol supply to major marketers who continue bringing imported fuel into the country. Management considers restricting supply allocations as early as this week.…
Navigating Nigeria’s current financial landscape has become a daunting task for everyday citizens. Leading financial experts warn that Bola Tinubu’s economic reforms may require between 12 and 20 years to deliver tangible relief to households. While these policies aim to…
Passengers on an Air Peace flight experienced a brief scare after landing safely in Lagos. Emergency procedures were activated following a cockpit warning light. However, management confirmed that the Air Peace false fire alarm was triggered by an indicator glitch,…
Just three days after its previous price increase, the Dangote Petroleum Refinery has raised the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, by N65 per litre. The latest adjustment takes the refinery’s gantry price from N1,200…
Cross-border law enforcement collaboration reached a major milestone this week as Nigerian authorities handed over two suspects to American federal agents. On Wednesday, August 26, 2026, the EFCC extradites two Nigerians to US law enforcement to stand trial for alleged…
The local stock exchange closed the week on a strong high note as buyers poured back into domestic equities. Fresh market optimism triggered a widespread surge across banking, energy, and commodity shares. Consequently, the ongoing Nigerian equities rally FTSE Russell…
The Federal Airports Authority of Nigeria (FAAN) has authorized e-hailing giant Bolt to immediately resume pickup operations across all federally managed airports nationwide. The decision brings relief to thousands of air travelers who faced commuting friction and elevated airport transportation…
The Nigerian stock market extended its bearish streak post-holiday as investors continued to lock in profits, driving equity values downward across key sectors. The ongoing correction reflects strategic portfolio adjustments following an extended rally earlier in the month. Trading activity…
Nigeria’s gross foreign exchange reserves have surged past $53 billion for the first time in over 17 years, signaling a major boost to the nation’s external financial stability. This steady accumulation provides monetary authorities with stronger buffers to absorb global…
President Bola Tinubu has challenged the leadership of Nigeria Liquefied Natural Gas (NLNG) Limited to eliminate domestic gas flaring and turn wasted energy resources into direct economic benefits for local households and businesses. Speaking during an audience with the NLNG…
Security challenges across Nigeria have taken a heavy financial toll on everyday households as abduction incidents spike across multiple regions. The growing frequency of mass abductions and highway ambushes has forced families to exhaust lifetime savings and sell personal assets…
The Federal Government has openly held the private concessionaire accountable for the deteriorating state of the Benin-Asaba Expressway, signaling a major policy review of how public-private road projects are awarded and managed across the nation. During an inspection of the…
