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Obasanjo says 13% derivation is only a start for oil-producing states

Former president Olusegun Obasanjo says the 13% derivation is only a starting point for oil producing states, as Bayelsa governor Douye Diri calls it inadequate.
News

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

Senate Approves ₦1.81 Trillion Budget to Tackle Security, Infrastructure in Nigeria’s Capital

KEY POINTS The Nigerian Senate approved a ₦1.81 trillion budget for the FCT in...
News

6 Everyday Struggles of the Nigerian Middle Class

KEY POINTS Rising living costs impact the middle class. Poor infrastructure hinders daily life. ...
News

Nigeria’s Cocoa Plants Struggle, Operating at Just 8% Capacity

Nigeria's cocoa processing plants struggle with infrastructure and financial challenges, operating at just 8% capacity. Efforts to revitalize the sector are underway.
News

Obasanjo Meets Southeast Governors: Focus on Regional Development

Former Nigerian President Obasanjo clarifies his meeting with Southeast governors, stating the focus was on regional development issues like security, infrastructure, and economic growth, not Nnamdi Kanu's release.
News

Nigerian Minister Defends Lagos-Calabar Highway Project

Nigerian Works Minister David Umahi defends the Lagos-Calabar Coastal Highway project, calling critics who question its funding and economic viability "unpatriotic." The project is expected to improve connectivity between Nigeria's economic hubs and boost national growth.
News

Lagos Slips to 5th Place Among Africa’s Wealthiest Cities

Lagos, Nigeria's economic powerhouse, has seen a decline in its ranking among Africa's wealthiest...
News

Tinubu Receives South-South Monarchs, Promises to Address Their Grievances

Nigeria’s President Bola Tinubu met with a delegation of traditional rulers from the South-South...
News

Senate Pushes for Modern Rail Line in Eastern Nigeria

The Nigerian Senate has urged the federal government to upgrade the Eastern Rail Line...
Society

Lagos to Build Africa’s Second Longest Bridge by 2027

Lagos, Nigeria’s commercial capital, is set to construct a 38-kilometer-long bridge that will connect...
Business

FEC Greenlights N2.17trn 2023 Supplementary Budget

The Federal Executive Council (FEC) approved a N2.17 trillion supplementary budget for 2023. This...
News

FEC Greenlights Ijora Workshop Concession, Eyes N28.1bn Boost

The Federal Executive Council (FEC) has endorsed a landmark concession, entrusting the Central Workshop...
Business

EU Pledges €150 Billion for Nigeria and Africa’s Infrastructure Development by 2027

The European Union (EU) has announced a new initiative to boost infrastructure development in...

Latest articles

Business

Obasanjo says 13% derivation is only a start for oil-producing states

Former president Olusegun Obasanjo says the 13% derivation is only a starting point for oil producing states, as Bayelsa governor Douye Diri calls it inadequate.
News

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.