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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.

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.

Kaduna Church Abductions Spark Outrage As Groups Demand Rescue, Apology

Rights groups demand urgent rescue and apology after officials denied the kidnapping of 177 worshippers from churches in Kaduna.

Kaduna Church Attack: 177 Worshippers Kidnapped, Families Traumatized

177 churchgoers, including children, were kidnapped in Kaduna. Families fled. Security agencies and rights groups demand urgent action.

DSS Tightens Grip On Malami In Terror Financing Case

DSS is seeking a court order to keep former Attorney-General Abubakar Malami in custody over alleged terror financing issues.

Nigeria Cuts Cooking Gas Imports As Local Plants Supply 87%

Nigeria produced 87 percent of its cooking gas in 2025 as local refineries cut imports and improved supply nationwide.

FG Plans To Borrow ₦900bn In January As Debt Pressure Grows

Nigeria’s government plans to raise ₦900bn from bonds in January 2026, doubling last year’s borrowing amid rising debt pressure.

Court Adjourns Trial of Anthony Joshua’s Driver to February 25

KEY POINTS The Sagamu Magistrate Court adjourned the trial of Adeniyi Kayode to allow...

Nigerian Monarch Obateru Akinruntan Targets 200 Obat Oil Stations as Fuel Market Reshapes

KEY POINTS Obat Oil plans to grow its retail network to 200 stations across...

Court Throws Out Anyanwu Suit Over PDP National Secretary Role

KEY POINTS A Federal High Court in Abuja dismissed Samuel Anyanwu’s suit seeking recognition...

FG Introduces Impact Challenge as 3MTT Expands

Nigeria’s government is introducing a new challenge to assess how digital skills training under 3MTT is translating into jobs, opportunities, and long-term economic impact

Chief Imam of Ilorin Sheikh Muhammad Bashir Sali Dies at 75

KEY POINTS Sheikh Muhammad Bashir Saliu, Chief Imam of Ilorin, has died at the...

Geregu Power Posts $29.5m Profit as Abdulaziz Yari Era Begins with Strong Results

KEY POINTS Geregu Power posted a pre tax profit of $29.53 million on revenue...

Paystack Expands into Banking as Shola Akinlade Targets Nigeria’s $32bn Small Business Funding Gap

KEY POINTS Paystack has acquired and rebranded a microfinance bank to expand into lending...

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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.

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.

“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.

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.