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US lawmaker accuses Matawalle of trying to silence her

Florida state representative Kimberly Daniels has accused Bello Matawalle, Nigeria's minister of state for defense, of pressuring US officials to counter her insecurity report.

Nigeria, oil firms earn $4bn windfall from Middle East war

Nigeria and oil companies operating in the country have pocketed an estimated $4 billion windfall as the US-Israel-Iran war pushed Bonny Light crude past $116.

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IMF cuts Nigeria growth forecast to 4.1 percent

The International Monetary Fund cut Nigeria's 2026 growth forecast to 4.1 percent, down from 4.4 percent, citing higher commodity costs and shipping disruptions.

FG incurs N418bn power subsidy in Q4 2025

Nigeria's power subsidy obligation reached N418.79 billion in the fourth quarter of 2025, a decline of N39.96 billion from the third quarter, according to the Nigerian Electricity Regulatory Commission.

Dangote refinery makes Nigeria a net petrol exporter

Aliko Dangote's Lekki refinery turned Nigeria into a net petrol exporter last month, ending decades in which Africa's largest oil producer sent crude abroad only to import finished fuel.

Onyeali-Ikpe steers Fidelity Bank past N500bn capital mark

Nneka Onyeali-Ikpe secured Fidelity Bank's recapitalization with a N259 billion private placement of ordinary shares on Dec. 31, 2025, pushing eligible capital to N564.5 billion and clearing the Central Bank of Nigeria's N500 billion threshold.

Senator Ndume says Nigeria can end insecurity in 6 months if FG gets serious

Senator Ali Ndume says Nigeria can end insecurity within six months if the federal government shows genuine commitment and arms its soldiers properly.

Nigeria’s power sector cost government N418bn in subsidies as losses topped N300bn in Q4 2025

Nigeria's electricity regulator says the federal government absorbed N418.79bn in power subsidies in the fourth quarter of 2025, as sector losses exceeded N300bn.

Nigeria recorded 3.38 million internally displaced persons across 14 states in 2023, NBS report shows

Nigeria recorded 3,381,228 internally displaced persons across 14 states in 2023, with Borno State accounting for more than half of all cases.

Boko Haram kills colonel and 6 soldiers in Borno as herdsmen attacks leave 14 dead in Benue

A Nigerian Army colonel and six soldiers were killed in a Boko Haram attack in Borno State on April 12, 2026.

Tinubu Holds Emergency Security Meeting Over US Travel Alert and Borno Airstrike Tragedy

KEY POINTS President Tinubu convened an emergency security meeting with top military and intelligence...

Diezani Alison-Madueke Denies Bribery Allegations in UK Court Trial

KEY POINTS Alison-Madueke denied all bribery allegations, insisting she never solicited or accepted illicit...

Ken Ife slams World Bank fuel import prescription

Energy economist Prof. Ken Ife on Monday rejected World Bank fuel importation recommendations in its latest Nigeria Development Update, warning they violate the Petroleum Industry Act and undermine Nigeria's push for energy self-reliance.

NAMA rejects NATCA claims on Nigerian airspace safety

The Nigerian Airspace Management Agency on Tuesday rejected claims from air traffic controllers that Nigerian airspace safety had deteriorated to dangerous levels, insisting that its communications, navigation and surveillance infrastructure remains operationally sound.

Latest articles

US lawmaker accuses Matawalle of trying to silence her

Florida state representative Kimberly Daniels has accused Bello Matawalle, Nigeria's minister of state for defense, of pressuring US officials to counter her insecurity report.

Nigeria, oil firms earn $4bn windfall from Middle East war

Nigeria and oil companies operating in the country have pocketed an estimated $4 billion windfall as the US-Israel-Iran war pushed Bonny Light crude past $116.

NNPC ships eight crude cargoes to Dangote refinery in April

NNPC Trading shipped more than 1.03 million metric tons of crude, about 6.8 million barrels, to Aliko Dangote's Lekki refinery across eight April cargoes.

Sylva named in 13-count coup charge as six face arraignment

The Federal Government arraigns six suspects today over an alleged coup plot, with former oil minister Timipre Sylva named but still at large.