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Nigeria spent N7.7 trillion on debt interest in six months, 124% of its revenue, World Bank says

Nigeria spent N7.7 trillion on interest in the first half of 2026, equal to 124.2% of its N6.2 trillion revenue, according to the World Bank.
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Nigeria opens 2026 licensing round with 40 oil blocks as output hits 1.82 million barrels a day

Nigeria has launched its 2026 oil licensing round, offering 40 blocks across land, shallow water and deepwater, as crude and condensate output rises to 1.82 million barrels a day.
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NBA to Petition Police, Security Agencies Over Kwankwaso’s Alleged Claims of Judicial Interference in Kano Election Case

KEY POINTS NBA will petition police and security agencies over claims suggesting interference in...
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Court Jails Former NEXIM Bank Managing Director Roberts Orya for 10 Years

KEY POINTS An FCT High Court has sentenced former NEXIM Bank MD Roberts Orya...
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NCC, NDPC Sign Pact to Deepen Data Privacy and Protection in Nigeria

KEY POINTS NCC and NDPC have signed an MoU to strengthen cooperation on data...
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Lagos to Close Apongbon Bridge for Six Weeks as Federal Government Begins Major Repairs

KEY POINTS Lagos will shut Apongbon Bridge from February 5 to March 19, 2026,...
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Court Blocks Admission of Key Documents in Yahaya Bello’s ₦80.2bn Fraud Trial Over Missing Receipts

KEY POINTS Court refused to admit CTCs of documents in Yahaya Bello’s trial due...
Business

VAT Allocations to FG, States, LGAs Rise 26% to ₦7.73tn in 2025

KEY POINTS VAT allocations rose to ₦7.73 trillion in 2025, up 26.46% from ₦6.11...
News

Nnamdi Kanu Appeals Life Sentence, Seeks Quashing of Terrorism Conviction

KEY POINTS Nnamdi Kanu has personally filed an appeal to quash his life sentence...
News

Over 160 Killed in Kwara Village Massacre as Nigeria Battles Escalating Terror and Bandit Violence

KEY POINTS At least 162 people were killed in Woro village, Kwara State, in...
News

Senate Rejects Mandatory Real-Time E-Transmission of Election Results

KEY POINTS Senate rejected a proposal to make real-time electronic transmission of election results...
News

Nigerian Army, France Deepen Defence Ties as COAS Meets French Attaché Over Insecurity

KEY POINTS Nigerian Army and France held high-level talks in Abuja on boosting defence...
News

Former Benue Governor Gabriel Suswam Quits PDP

KEY POINTS Former Benue governor Gabriel Suswam has formally resigned from the PDP in...
News

Otedola: First HoldCo Restructuring May Be Disruptive, but It’s Essential for Long-Term Growth

KEY POINTS Otedola says First HoldCo’s restructuring may cause disruption but is necessary for...
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Nigeria spent N7.7 trillion on debt interest in six months, 124% of its revenue, World Bank says

Nigeria spent N7.7 trillion on interest in the first half of 2026, equal to 124.2% of its N6.2 trillion revenue, according to the World Bank.
News

Nigeria opens 2026 licensing round with 40 oil blocks as output hits 1.82 million barrels a day

Nigeria has launched its 2026 oil licensing round, offering 40 blocks across land, shallow water and deepwater, as crude and condensate output rises to 1.82 million barrels a day.
News

“Even a pregnant woman suffers”: Ogun’s Oke Sefu residents beg Gov. Abiodun to fix flooded, pothole-ridden road

Residents of Oke Sefu community in Ibafo, Ogun State, are appealing to the state government to repair a flooded, pothole-ridden access road that has disrupted livelihoods.
News

Dangote refinery cuts off petrol sales to fuel importers over “blending” of Euro-5 product with imported grades

Dangote Petroleum Refinery has stopped selling petrol to marketers who import fuel, accusing them of blending its Euro-5 product with lower-quality imported grades.