Nigeria’s debt pressures intensified in early 2026 as the Federal Government increased its domestic borrowing to N8.1 trillion in the first quarter of 2026, according to data obtained from the Central Bank of Nigeria (CBN) and the Debt Management Office (DMO). This represents a 7.4 per cent year-on-year increase compared with N7.5 trillion borrowed in…
The federal government has rolled out fresh 2026 Fiscal Policy Measures (FPM) that slash import tariffs on fully built cars, crude palm oil and sugar as part of a broader strategy to stimulate key sectors and ease import costs for businesses and consumers. The new framework, which replaces the 2023 FPM, is expected to reshape…
Pope Leo XIV is set to embark on Monday, April 14, on his first major international trip as pontiff, an 11-day pilgrimage to four African nations: Algeria, Cameroon, Angola, and Equatorial Guinea.
Announced last week, the journey marks a pivotal moment for the Argentine-born pope, who ascended to the papacy last year following a conclave…
The Comptroller-General of the Nigeria Immigration Service (NIS) has ordered the immediate suspension of several commanders operating along the Lagos–Seme border corridor over allegations of extortion.
The action follows reports of misconduct involving personnel stationed at the strategic international route, a major gateway linking Nigeria to neighbouring West African countries. The corridor, which facilitates significant…
Nigeria’s electoral umpire, the Independent National Electoral Commission (INEC), has announced the postponement of its planned nationwide voter revalidation exercise, pushing the initiative beyond the 2027 general elections.
The decision was disclosed on Friday in an official statement by Mohammed Haruna, National Commissioner and Chairman of the Commission’s Information and Voter Education Committee.
According to…
The Federal Government of Nigeria has issued an early warning of possible flooding in 10 states across the country, citing forecasts of intensified rainfall in the coming weeks.
The alert, released through relevant environmental and emergency management agencies, is part of ongoing efforts to mitigate the impact of seasonal flooding, which has become an increasingly…
Global oil markets recorded a sharp decline following the announcement of a temporary ceasefire between the United States and Iran, signalling a potential easing of geopolitical tensions that had previously driven prices upward.
The price of Nigeria’s Bonny Light crude fell significantly, dropping by 14.2 per cent to $94.41 per barrel from approximately $110 earlier…
Nigeria’s downstream oil sector is once again in focus as Dangote Refinery has announced a fresh increase in the pump prices of refined petroleum products, raising petrol to N1,275 per litre and diesel to N1,950 per litre.
The price adjustment, according to industry sources, reflects ongoing shifts in global oil markets, including fluctuations in crude…
The Nigerian entertainment scene has been thrown into fresh controversy, and this time it is not about charts or awards but about power, pride, and respect behind the decks.
The Nigerian DJ Association has issued a temporary ban on songs by Burna Boy following a reported altercation with DJ Tunez at a Lagos event.
According…
In a major geopolitical development with far-reaching implications for global energy security, Russia and China have vetoed a resolution at the United Nations Security Council aimed at reopening the Strait of Hormuz—one of the world’s most critical maritime chokepoints.
The resolution, sponsored by Bahrain and supported by a majority of council members, sought to restore…
1. The Paradox of Plenty
Benue State—long regarded as Nigeria’s “Food Basket”—sits on a quiet contradiction. Its soil feeds millions, yet its livestock sector, particularly egg production, has not kept pace with demand.
Nigeria produces an estimated 15–16 billion eggs annually, the highest on the continent. Still, this output meets only a fraction of national…
In a decisive move aimed at reviving Nigeria’s troubled electricity value chain, President Bola Ahmed Tinubu has approved a ₦3.3 trillion intervention to settle longstanding debts within the nation’s power sector—an action widely seen as a critical step toward improving electricity supply and restoring investor confidence.
The approval targets the chronic liquidity crisis that has…
