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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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Dangote’s Fortune Slips Below $30 Billion as Cement Shares Fall

Dangote’s wealth dips below $30 billion as cement shares fall on investor caution and Nigeria’s new capital gains tax.
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Nigeria Bans Sachet Alcohol and Small Bottles to Curb Abuse

Nigeria bans sachet and small-bottle alcohol. Enforcement begins January 2026 to reduce misuse and protect public health.
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Protest Erupts in Katsina as Bandit Attacks Leave 30 Abducted in One Week

Residents protest in Katsina after bandit attacks kill one and abduct more than 30 despite peace deal promises.
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Nigeria’s Top Luxury Planners Transform Africa’s Celebrations

Discover Nigeria’s seven elite event planners who redefine luxury, from bespoke weddings to high-profile corporate galas and immersive celebration experiences.
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Aliko Dangote to Seal $1 Billion Industrial Deal in Zimbabwe

Aliko Dangote eyes a $1 billion project in Zimbabwe covering cement, coal, and power to drive industrial growth.
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Southeast Nigeria Gripped by Violence as Amnesty Counts 1,800 Dead

Amnesty International reports over 1,800 deaths in southeast Nigeria, blaming both separatists and security forces for widespread violence.
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Dickson, Amaechi Raise Alarm Over Election Fraud Ahead of 2027

Dickson and Amaechi warn election rigging is a coup against democracy, urging stronger reforms before Nigeria’s 2027 elections.
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Cosmas Maduka Says Coscharis Could Make Him Worth $5 Billion if Listed

Cosmas Maduka says his Coscharis Group could make him worth $5 billion if listed, after 50 years of business growth.
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PFN, Islamic Council Clash Over Claims of Christian Genocide in Nigeria

PFN and Islamic Council clash over claims of Christian genocide as Trump’s remarks spark fresh debate on Nigeria’s security crisis.
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CANMPEF Warns Inflation, Taxes Threaten Industrial Growth

CANMPEF warns inflation, taxes, and forex issues threaten Nigeria’s industrial stability despite modest growth in 2024.
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Fear and Bloodshed Grip Benue as Herders Launch New Attacks

Seventeen killed in a month as armed herders continue attacks in Benue State, forcing residents to flee their communities.
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LAUTECH Shuts Iseyin Campus for Two Weeks After Student’s Death

LAUTECH closes its Iseyin campus for two weeks after a student was killed by a hit-and-run driver, sparking protests.
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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.
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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.