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Gas Drought Plunges National Grid Below 4,000MW

Gas Drought Plunges National Grid Below 4,000MW

Nigeria’s electricity generation has collapsed below the 4,000-megawatt (MW) mark as a persistent gas shortage chokes the nation’s thermal power plants. The Nigerian Independent System Operator (NISO) confirmed on Thursday that total grid output slumped to 3,940MW by 5:00 a.m., forcing widespread load shedding across all distribution networks. Within a three-hour window on Thursday morning,…

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Kidjo Recruits Global Heavyweights, Features Davido, Ayra Starr for ‘Hope’

Beninese legend Angélique Kidjo has unveiled the tracklist for her 19th studio album, Hope, a sprawling cross-continental project five years in the making. Scheduled for release on 24 April 2026, the album serves as a definitive bridge between African traditionalism and modern pop. The five-time Grammy winner confirmed that Nigerian stars Davido and Ayra Starr…

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Italy Deploys Air Defenses to Gulf Amid Iran Strikes

Italy has stepped forward with military support for Gulf countries facing Iranian retaliatory strikes, deploying air defence systems while coordinating with European allies to safeguard Cyprus, as escalating Middle East tensions prompt Rome to prioritize regional stability and protect its citizens and energy interests. Prime Minister Giorgia Meloni announced the initiative during an interview with…

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Canal+ to Shut Down Showmax After MultiChoice Acquisition

    French media conglomerate Canal+ has moved to discontinue the South African streaming platform Showmax after completing its acquisition of MultiChoice, Africa’s dominant pay-TV provider, pointing to persistent financial losses as the key factor behind the decision. The announcement, detailed in a statement from Canal+ on Thursday, marks the end of Showmax’s decade-long run…

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Middle East War Poses Military,Economic Threats To Africa

  Escalating tensions in the Middle East have placed Africa in a precarious position, with military installations in the Horn of Africa emerging as potential targets for Iranian retaliation and the continent’s economies bracing for fallout from disrupted global trade and soaring energy costs. The continent remains “structurally exposed” to the ongoing war, according to…

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CBN Acquires Local Gold to Lift Reserves 

  Nigeria’s foreign reserves received a notable addition as the Central Bank of Nigeria incorporated responsibly sourced gold refined to international standards, elevating its total gold holdings to $3.5 billion and advancing efforts to diversify away from traditional assets amid global economic shifts. The move, part of an ongoing reserve diversification strategy, involves gold aggregated…

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