Nigerian equities market ended Thursday on a high note, delivering a N190 billion windfall for investors as bullish momentum prevailed. Fueled by robust demand for stocks such as Cileasing, Guinness Nigeria, Livingtrust Mortgage Bank, Etranzact, and Regency Alliance Insurance, alongside 36 other advancing stocks, the market showcased strong performance....
Nigeria
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a remarkable achievement in the nation’s upstream oil sector, with crude oil losses due to theft and metering inaccuracies dropping to their lowest point in nearly 16 years. According to the NUPRC, daily crude oil losses in July 2025 reached just...
Vice President Kashim Shettima, has directed the Presidential Food Systems Coordinating Unit to expedite action on the disbursement of Federal Government’s ₦250 billion credit support for smallholder farmers at a single-digit interest rate. Accordingly, he told the PFSCU to come up with an implementation roadmap for the disbursement of...
Federal Government kicked off a transformative three-day strategic retreat on Thursday in Abuja to standardize the methodology for the Personnel Audit and Skills Gap Analysis (PASGA) across the Federal Civil Service. The initiative, a cornerstone of ongoing reforms, aims to enhance efficiency, professionalism, and service delivery within the civil...
In a groundbreaking move to tackle diabetes in Nigeria, the Federal Ministry of Innovation, Science and Technology has inked a pioneering Memorandum of Agreement (MoA) with China’s Shanghai Haiqi Industrial Company Ltd. to establish the country’s first-ever insulin manufacturing facility. This landmark partnership aims to transform healthcare access by...
In a decisive move to tackle rising food costs, President Bola Tinubu has instructed a Federal Executive Council (FEC) committee to implement measures aimed at significantly reducing the prices of food items across Nigeria. The directive was announced by the Minister of State for Agriculture and Food Security, Sen....
President Bola Tinubu is slated to speak at the 80th Session of the United Nations General Assembly (UNGA) High-Level General Debate, held at the UN headquarters in New York on September 24, 2025. According to a revised provisional speaker list, obtained by the News Agency of Nigeria (NAN) from...
Nigerian Senate has emphasized that its operations are governed by strict rules that all members must follow, dismissing any notion of operating as a lawless entity. This was highlighted by the Chairman of the Senate Committee on Media and Public Affairs, Senator Yemi Adaramodu, during a one-day capacity-building workshop...
A sudden collapse of Nigeria’s national grid on Wednesday triggered widespread power outages across multiple regions. The incident, occurring between 11 a.m. and 12 p.m., caused a sharp decline in megawatt output, plunging communities into darkness. Several electricity distribution companies confirmed the disruption in their service areas. The Abuja...
Nigeria Football Federation (NFF) has publicly rejected a post-match statement that singled out Super Eagles players Cyriel Dessers and captain William Troost-Ekong for criticism following the team’s 1-1 draw against South Africa in a 2026 FIFA World Cup qualifier. The statement, attributed to NFF’s Director of Communications, Ademola Olajire,...
Goodluck Jonathan Foundation (GJF) will host its 2025 Democracy Dialogue in Accra, Ghana, on September 17, bringing together prominent African leaders and global development experts to discuss the state of democracy in the region. According to a statement from Ikechukwu Eze, Special Adviser to former Nigerian President Goodluck Jonathan,...
Federal Government of Nigeria has no immediate plans to enforce the 5% fuel surcharge outlined in the recently enacted Tax Administration Act 2025, according to Minister of Finance and Coordinating Minister of the Economy, Wale Edun. Speaking at a press conference in Abuja on Tuesday, Edun clarified that the...
United Nations report reveals a shocking 44% surge in attacks on schools in conflict zones worldwide over the past year, with Nigeria ranking fourth among nations with the highest number of grave violations against education. In a statement marking the International Day to Protect Education on September 9, UN...
In a tense 2026 World Cup qualifier in Bloemfontein, Nigeria’s Super Eagles were held to a 1-1 draw by South Africa, dealing a significant blow to their hopes of reaching the tournament. An own goal by captain William Troost-Ekong and a spirited equalizer from Calvin Bassey defined a match...
Football enthusiasts in Lagos shared varied sentiments on Monday about Nigeria’s prospects for qualifying for the 2026 FIFA World Cup, as the Super Eagles face a critical match against South Africa. In interviews with the News Agency of Nigeria (NAN), fans expressed uncertainty about Nigeria’s chances, given the team’s...
In a powerful call to action, Nigeria’s Finance Minister, Wale Edun, and House Speaker, Abbas Tajudeen, have challenged West African parliaments to enhance fiscal oversight and ensure public resources deliver tangible benefits amid escalating debt challenges. Speaking at the 11th Annual Conference and General Assembly of the West Africa...
The second ECOWAS Lassa Fever International Conference (#ELFIC2025), opened in Abidjan, Côte d’Ivoire, today with the theme “Beyond Borders: Strengthening Regional Cooperation to Combat Lassa and Emerging Infectious Diseases.” Organised by the West African Health Organisation (WAHO), in partnership with regional and international collaborators, the four-day conference will be dedicated to addressing...
Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, has agreed to boost oil production by 137,000 barrels per day (bpd) starting in October, according to a statement released on the OPEC website following a virtual meeting. The decision, involving key members such as Saudi...
I got to know Sowore through my good friend Mr Peter Claver. Both of them graduated from the University of Lagos. We have been friends for years and we have reasoned together and interacted for years. However I was stunned into disbelief and in total shock when he called...
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) over “the proposed salary increase for political and public office holders in Nigeria particularly the president, vice-president, governors, their deputies, and lawmakers.” RMAFC had last month disclosed the commission’s proposal...