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Fuel prices may fall as oil drops on US-Iran talks

Nigerian fuel prices could fall in the coming days as global crude tumbles on hopes of a US-Iran deal to reopen the Strait of Hormuz.
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FG cancels $717.7m World Bank loan for power

Nigeria has cancelled $717.7m in undisbursed World Bank loan financing for its power sector, after the 2023 currency float upended the programme's reform targets.

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Plateau Leaders Accuse Soldiers of Attacking Civilians and Destroying Homes in Mangu

KEY POINTS Plateau residents and Christian leaders accused soldiers of attacking civilians and destroying...
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Nigeria Calls in South African Envoy Over Attacks on Nigerians

KEY POINTS Nigeria summoned South Africa’s envoy over reported attacks on Nigerians during anti-foreigner...
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Plateau Youth Group Raises Alarm After Attack on Traditional Ruler’s Convoy

KEY POINTS A youth group condemned the reported attack on a Plateau monarch’s convoy...
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Tinubu Sets Off on France, Kenya, Rwanda Trip to Boost Investment and Partnerships

KEY POINTS President Tinubu will visit France, Kenya, and Rwanda from May 2, 2026. ...
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UNN Accused of Detaining Journalist Over Report on Bad Hostel Conditions

KEY POINTS A journalist was detained at UNN while reporting on poor hostel conditions. ...
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Army Admits Gaps in Story as Family Rejects ‘Crossfire’ Claim in NYSC Member’s Death

KEY POINTS A NYSC member was killed in Abuja, with the army first blaming...
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FG presses pre-2004 civil servants on pension verification

PenCom and the head of the civil service are pressing pre-2004 federal civil servants to complete a one-time online verification for their accrued pension rights.
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Waltersmith doubles refining capacity to 10,000 bpd

Abdulrazaq Isa's Waltersmith Petroman Oil has doubled its refining capacity to 10,000 barrels per day after completing a Phase 2 expansion in Imo State.
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Magaji urges FG to form farmer-herder prevention panel

AFAN President Mohammed Magaji has urged the Federal Government to set up a national committee to prevent farmer-herder clashes before they erupt across rural Nigeria.
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Egbin Power Plant shuts after diver dies in pump accident

Egbin Power Plc has shut down its 1,320-megawatt plant after a contracted diver died during underwater pump repairs in the plant's lagoon water system.
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Tinubu Sacks NMDPRA CEO, Nominates Former Dangote Executive Rabiu Umar as Replacement

KEY POINTS Tinubu removed NMDPRA CEO Saidu Mohammed just four months after his appointment. ...
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PRP Welcomes Baba-Ahmed, Hails Move as Boost for National Renewal Agenda

KEY POINTS PRP has welcomed former Labour Party vice-presidential candidate Yusuf Datti Baba-Ahmed into...
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Fuel prices may fall as oil drops on US-Iran talks

Nigerian fuel prices could fall in the coming days as global crude tumbles on hopes of a US-Iran deal to reopen the Strait of Hormuz.
News

FG cancels $717.7m World Bank loan for power

Nigeria has cancelled $717.7m in undisbursed World Bank loan financing for its power sector, after the 2023 currency float upended the programme's reform targets.
News

Capital importation jumps 182 percent to $3.52 Billion

Nigeria's capital importation jumped 182% to $3.52bn in January, driven almost entirely by foreign portfolio investment, while foreign direct investment collapsed by 80 percent.
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Insurers to reject claims over NIN linkage default

Nigerian insurers will reject claims from policyholders who failed to link their NIN to their policies before the April 30 deadline, the Insurers Committee has said.