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Adelabu Quits as Power Minister to Chase Oyo Governorship Ambition

KEY POINTS Adebayo Adelabu has resigned as Minister of Power, effective April 30, 2026. He cited his intention to contest the Oyo State governorship and comply with electoral laws. His exit marks a significant development ahead of upcoming elections in the state. Nigeria’s Minister of...
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FG, States, LGs Share ₦2.036 Trillion as Taiwo Oyedele Chairs First FAAC Meeting

KEY POINTS FG, states, and LGs received allocations from March 2026 revenue, with oil-producing states getting ₦120.759 billion derivation. The finance minister chaired his first FAAC meeting, marking another ₦2 trillion-plus distribution this year. Statutory revenue increased, but VAT and key oil-related revenues recorded...

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Nigeria’s Economy Set To Soar: IMF Predicts 4.4% Growth In 2026

IMF forecasts Nigeria’s economy to grow 4.4% in 2026, highlighting reforms, energy prices, and fiscal stability.
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Turaki Denies PDP’s N10,000 Levy Claim, Says Funding Talk Was Misrepresented

KEY POINTS PDP leadership rejects claims of a N10,000 contribution request Party says comments...
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Otedola Hosts Rabiu, Business Leaders at Private Dubai Dinner

KEY POINTS Femi Otedola hosted Abdul Samad Rabiu and friends at a private dinner...
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Haske Group Expels Abba Atiku Over APC Defection

KEY POINTS Atiku Haske Organisation dismisses Abba Atiku following his move to the APC ...
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FCTA Removes 607 Beggars and Mentally Challenged People From Abuja Streets

FCTA removed 607 beggars and mentally challenged people from Abuja streets and sent them back home for help and safety.
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Petrol Imports Dominate Nigeria Despite Rise In Local Refinery Output

Nigeria relied on imported petrol for 62% of fuel in 2025, with local refineries supplying only 38 percent of demand.
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Nigeria’s Power Debt Jumps To N6.5 Trillion As Unpaid Bills Threaten FG Bond Plan

Nigeria’s power sector debt climbs to N6.5 trillion as GenCos get partial payments, putting pressure on the government’s bond plan.
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Aid Cuts Deepen Hunger in Northeast Nigeria, WFP Says

WFP warns that aid cuts in northeast Nigeria are deepening hunger as funding shortfalls force sharp reductions in food and nutrition assistance across the region.
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US Approves $413 Million for Security Operations in Nigeria, Africa

The United States has allocated $413 million for security operations in Nigeria and West Africa, enhancing counter-insurgency efforts and deepening regional military cooperation.
Business

Nigeria Inflation Eases to 15.15% in December as NBS Revises Methodology

KEY POINTS Nigeria headline inflation slowed to 15.15 percent in December 2025, reflecting a...
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Dele Momodu Joins ADC, Warns Against One Party Drift in Nigeria

KEY POINTS Dele Momodu has formally joined the African Democratic Congress, citing concern over...
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FG Drops Defamation Case Against Natasha Akpoti Uduaghan

KEY POINTS The Federal Government formally withdrew criminal defamation charges against Senator Natasha Akpoti...
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Adelabu Quits as Power Minister to Chase Oyo Governorship Ambition

KEY POINTS Adebayo Adelabu has resigned as Minister of Power, effective April 30, 2026. ...
News

FG, States, LGs Share ₦2.036 Trillion as Taiwo Oyedele Chairs First FAAC Meeting

KEY POINTS FG, states, and LGs received allocations from March 2026 revenue, with oil-producing...
News

Senate Orders Full Probe Into Boko Haram Attacks on Military Bases in Borno

KEY POINTS The Senate ordered a full military audit following deadly attacks on bases...
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Court Orders DSS to Detain Six Suspects Over Alleged Terrorism in Abuja

KEY POINTS Six defendants were arraigned in Abuja on a 13-count charge of alleged...