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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.

Femi Otedola’s Net Worth Rises to $1.6 Billion on Geregu Power, First HoldCo Gains

Femi Otedola’s wealth grows to $1.6 billion on strong Geregu Power and First HoldCo performance.

AEDC Lays Off 800 Workers as Power Supply Worsens

AEDC fires 800 workers after restructuring, raising concerns over worsening electricity supply and poor sector performance.

US Congress Moves to Sanction Miyetti Allah Over Religious Freedom Violations

US lawmakers plan sanctions on Miyetti Allah over alleged Christian persecution, as Nigeria opens talks to ease tension.

US Military Drafts Airstrike Plans for Nigeria After Trump’s Warning

The U.S. military prepared airstrike plans for Nigeria after Trump’s order to protect Christians from extremist violence.

Food Imports Surge 45% as Local Production Struggles to Keep Up

Nigeria’s food imports jumped 45% in H1 2025 as insecurity and weak agricultural output hurt local production capacity.

31 U.S. Congress Members Commend Trump for Nigeria’s CPC Tag

U.S. lawmakers praise Trump for reinstating Nigeria’s CPC tag, citing protection of Christians and global defense of religious freedom.

Nigerians to Pay Nearly N1 Trillion More for Petrol as 15% Import Tariff Takes Effect

Nigeria’s new 15% fuel import tariff will add nearly N1 trillion yearly to petrol costs for consumers nationwide.

Abuja Farmers Count Losses as Food Prices Fall, Consumers Celebrate Relief

Farmers in Abuja lament huge losses from falling food prices, while residents celebrate cheaper staples after years of high costs.

Six Soldiers Killed as Bandits Attack Lawmaker’s Convoy in Niger

Gunmen ambushed lawmaker Jafaru Mohammed Ali’s convoy in Niger, killing six soldiers, while the lawmaker escaped without injury.

13 Ships Headed to Lagos With Petroleum Products

Seventeen ships are expected at Lagos ports this week, with 13 carrying petroleum products, as NPA reports increased shipping traffic

U.S. Congress Targets 12 Nigerian Governors Over Religious Persecution Claims

U.S. Congress debates sanctions on Nigerian officials accused of religious persecution as Tinubu defends Nigeria’s constitutional rights.

Peter Obi Faults Government Over Rising Insecurity, Urges U.S. Cooperation

Peter Obi blames poor leadership for Nigeria’s insecurity and calls for U.S. cooperation to ease diplomatic tension.

Latest articles

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.