Dangote Petrol Beats Import Cost by N46/Litre
Nigeria’s petrol market is witnessing a notable shift as recent industry data indicate that…
Dangote Petrol Beats Import Cost by N46/Litre
Nigeria’s petrol market is witnessing a notable shift as recent industry data indicate that the estimated cost of importing Premium Motor Spirit (PMS) was higher than the supply price of petrol from the Dangote Petroleum Refinery during the period reviewed. The development has renewed discussions about the role of domestic refining in reducing Nigeria’s…
Africa Set to Become World’s Biggest Source of New Workers by 2050
Africa is approaching a demographic turning point that could reshape the global labour market over the next three decades. By 2050, Sub-Saharan Africa is expected to add more than 620 million people to its working-age population, positioning the region as the largest source of new workers globally at a time when several advanced economies…
Osimhen Suffers Adductor Injury, Galatasaray Confirms
Super Eagles striker Victor Osimhen has become the subject of medical attention after Turkish champions Galatasaray confirmed that he suffered a right adductor muscle injury during a league match against İstanbul Başakşehir. The Nigerian forward scored before being forced off in Galatasaray’s 3–2 victory, with subsequent medical examinations revealing a strain in his groin muscle…
2027 Election: Adebayo Rejects Baba-Ahmed’s Verdict on Presidential Contenders
The debate over Nigeria’s political future ahead of the 2027 presidential election has intensified after Social Democratic Party (SDP) candidate Adewole Adebayo rejected comments by former Labour Party vice-presidential candidate Datti Baba-Ahmed suggesting that none of the major contenders seeking to replace President Bola Tinubu would significantly improve the country. Adebayo argued that Baba-Ahmed’s…
Osun 2026: Adeleke’s Victory Goes Unchallenged
The legal battle over the outcome of the 2026 Osun State governorship election has ended without a challenge after the constitutional period allowed for filing election petitions expired. No candidate or political party approached the Osun State Governorship Election Petition Tribunal to contest the result of the August 15 poll, leaving Governor Ademola Adeleke’s…
Gunmen Shoot NOUN Bursar Dead in Zamfara
Gunmen shot dead Mallam Nasiru Marafa, the Bursar of the National Open University of Nigeria, as he travelled back from Gusau on Sunday, 6 September 2026. The university registrar, Oladipo Ajayi, confirmed the killing in a formal statement issued from the Abuja headquarters on behalf of the governing council and management. The murder cuts short…
Banks’ Deposits with CBN Fall to N82.99tn
Nigerian commercial banks trimmed their cash deposits with the Central Bank of Nigeria by 1.14 per cent to N82.99 trillion in August 2026, pulling back from the record N83.96 trillion parked in July. Fresh balance-sheet data from the apex bank shows lenders adjusted their short-term balances through the Standing Deposit Facility to pursue higher returns…
Businesses Suffer as FG Borrowing Surges 90%
The Federal Government increased its domestic borrowing by 90.5 per cent to N24.7 trillion in the eight months to August 2026, crowding private businesses out of bank vaults across the country. The state borrowed just N12.98 trillion over the same stretch in 2025. President Bola Tinubu’s finance managers have already burned through 84.7 per cent…
Naira Firms to N1,321 Amid Liquidity Squeeze
The naira extended its steady advance on the official foreign exchange market on Monday, 7 September 2026, trading near N1,321 to the American greenback as aggressive central bank mopping operations continued to starve currency speculators of local cash. Official transaction data from the Nigerian Foreign Exchange Market shows the local unit firmed from N1,332 recorded…
US Envoys Meet Zelenskyy in Historic Kyiv Talks
American envoys Steve Witkoff and Jared Kushner held substantive peace talks with Ukrainian President Volodymyr Zelenskyy in Kyiv on Sunday, 6 September 2026, marking their first official mission to the war-torn capital. The delegates arrived by train after Russian authorities refused to guarantee safe air transit into Ukrainian airports. The journey followed a three-hour session…