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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.

Obi Warns 141 Million Nigerians Live In Poverty As Politicians Focus On Power

Peter Obi warns poverty is rising fast in Nigeria as politicians chase power and national football players remain unpaid.

Datti Baba Ahmed Declares 2027 Presidential Bid

KEY POINTS Datti Baba Ahmed announced his 2027 presidential ambition at the Labour Party...

Heirs Technologies Gains NRS Approval to Help Nigerian Firms Meet E Invoicing Rules

KEY POINTS Heirs Technologies is now accredited by the Nigeria Revenue Service as an...

Standard Chartered Meets CBN N200bn Capital Rule Ahead of March 2026 Deadline

KEY POINTS Standard Chartered Bank Nigeria met the CBN N200bn capital requirement in November...

Nigeria Posts N12 Trillion Trade Surplus As Non-Oil Exports Soar

Nigeria posts N12 trillion trade surplus in H1 2025 as non-oil exports rise 21% and Special Economic Zones create jobs.

PDP Faction Plans Talks With Atiku And Peter Obi Ahead Of 2027 Elections

PDP aims to meet Atiku and Obi as part of efforts to challenge APC in 2027, despite internal party conflicts.

Heavy Taxes And Rising Debt Threaten Nigeria’s Stability, Labour Congress Warns

The Labour Congress warns that heavy taxes and rising debt are hurting workers and calls on government to rethink tax laws.

Bandits And Herders Kill Nine In Oyo And Benue As Police Rescue 76 Children In Kaduna

Deadly attacks in Oyo and Benue claim nine lives as police foil a kidnapping plot and rescue dozens of children.

Over 5 Million Nigerians Still Without Electricity Meters

More than five million Nigerians lack electricity meters, causing billing disputes and highlighting the slow pace of metering progress nationwide.

5 Forces That Will Shape Nigeria’s Direction In 2026

Nigeria’s path in 2026 will depend on the economy, politics, public mood and security as the country edges closer to 2027.

Oyo Suspends Monarch Over Illegal Mining, Ogun Cracks Down on Farmlands

Oyo suspends Oba Adefabi over illegal mining; Ogun stops mining in Ado-Odo to protect farmland and forests.

Rivers Political Feud Escalates as Wike-Aligned PDP Faction Issues Apology Ultimatum to APC Secretary

KEY POINTS A PDP faction loyal to Nyesom Wike has given APC National Secretary...

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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.