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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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10 Agribusiness Opportunities Nigerians Can Tap Into in 2025

KEY POINTS Nigeria’s agribusiness sector is widening, offering at least ten high-potential opportunities for...
News

Wike-Navy Clash: Military Must Be Respected, No Offence Found

Wike’s clash with a naval officer prompts calls for respect toward uniformed personnel, while officials confirm no misconduct occurred.
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Paystack Suspends Co-Founder Ezra Olubi Amid Sexual Misconduct Investigation

Paystack suspends co-founder Ezra Olubi while investigating sexual misconduct claims, raising questions about leadership and workplace safety.
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Dangote Launches $700 Million Plan to Lift Nigeria Sugar Output

Dangote launches $700 million plan to boost Nigeria’s sugar output, expand local production and reduce imports.
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PDP Presses Ahead With Ibadan Convention Despite Court Disputes

KEY POINTS The PDP says its national convention in Ibadan will proceed despite objections...
News

Gunmen Abduct Former PDP Ward Chairman in Night Raid in Kwara

KEY POINTS Former PDP ward chairman Abubakar Sise was abducted from his home in...
Business

Insecurity and Power Shortages Continue to Challenge Nigerian Businesses — CBN

KEY POINTS Insecurity and erratic power supply remain the top operational constraints for Nigerian...
Business

Nigeria Seeks $150 Billion to Boost Vaccine Procurement for 2026

KEY POINTS Nigeria plans to raise nearly $150 billion for vaccine procurement in 2025...
News

AAC Condemns FCT Minister Over Mobile Phone Ban for Workers

KEY POINTS The AAC FCT Chapter condemned Wike’s directive banning mobile phone use by...
News

Six Defence Ministry Directors Kidnapped, Three Youths Killed in Nasarawa Attacks

Six Defence Ministry directors abducted and three youths killed in separate Nasarawa attacks as insecurity spreads across Nigeria.
News

FG Stops Planned 15% Import Duty on Petrol and Diesel

Federal Government suspends 15% import duty on petrol and diesel to keep fuel prices stable and maintain market supply.
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Two Nigerians Dead, Two Rescued After Mediterranean Shipwreck

Two Nigerians were rescued while two others died after a migrant boat capsized off Libya, the IOM confirms.
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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.