Discos Lose 1.13m Customers Despite Higher Revenue
Nigeria’s electricity distribution companies ended 2025 with a curious paradox on their books….
Discos Lose 1.13m Customers Despite Higher Revenue
Nigeria’s electricity distribution companies ended 2025 with a curious paradox on their books. They pumped out more power, banked record revenue and connected more meters than ever before, yet quietly watched more than a million paying customers walk away. Fresh figures from the National Bureau of Statistics, drawn from data compiled by the…
Dursun: Osimhen Not Suited for Barcelona
Fresh doubt has been cast on Victor Osimhen’s suitability for Barcelona, with former Fenerbahce striker Serdar Dursun arguing that the Super Eagles forward lacks the technical polish demanded by the Catalan club’s possession-based system, even as he continues to acknowledge the Nigerian’s undoubted quality. Dursun raised the concern on the Cup Diary programme on…
UN: Lake Chad Violence Displaces 3.5 Million
A worsening tide of armed violence has now uprooted more than 3.5 million people across the Lake Chad Basin, pushing one of the world’s most protracted humanitarian emergencies to what the United Nations refugee agency has described as a dangerous tipping point. The warning came from the United Nations High Commissioner for Refugees, which…
APC Deepens Senate Control With 88 Seats As Opposition Ranks Thin
The ruling All Progressives Congress has tightened its hold on Nigeria’s upper legislative chamber, pushing its strength to 88 senators after four lawmakers elected in the June by-elections took their oaths of office, a development that leaves the opposition with its slimmest presence since the 10th Senate was constituted. The four were sworn in…
IMF’s Missing 2% Sparks Fresh Fiscal Storm As Atiku Demands Probe
An admission from the International Monetary Fund that Nigeria left public spending worth about two per cent of its Gross Domestic Product out of recent budget records has handed the opposition fresh ammunition, with former Vice President Atiku Abubakar now demanding that President Bola Tinubu’s government account for money he insists “somebody spent” and…
Nigerian Stock Market Rebounds with Trillion Naira Gain
Trading on the Nigerian stock market closed heavily bullish this week, yielding a substantial 3.156 trillion Naira gain for equity investors. The weekly rally reversed a recent multi-trillion Naira correction that had wiped significant value off the local exchange. Strong corporate positioning by institutional investors drove the sharp market recovery, focusing heavily on core banking,…
Ebola Outbreak Hits Record 1,400 Cases
The World Health Organization has warned that the ongoing Bundibugyo Ebola outbreak has surpassed 1,480 cases, making it the third-largest Ebola epidemic on record. The bulk of the crisis remains concentrated in the eastern region of the Democratic Republic of the Congo, where 1,460 cases and 452 deaths have occurred. International health agencies declared the…
NiMET Warns of Flash Floods Across Nigeria
The Nigerian Meteorological Agency has issued a critical three-day weather outlook predicting a volatile mix of sunshine, cloudiness, and thunderstorms across the federation. Valid from Saturday through Monday, the warning highlights an escalating risk of flash flooding along the southern coastal belt due to continuous precipitation. Northern provinces will experience mostly sunny skies layered with…
The Sovereign Shield: John Rabe and the Nanking Safety Zone
History is replete with paradoxes, but few are as stark as the image of a Nazi swastika serving as a literal shield to protect innocent lives. In the winter of 1937, as the city of Nanking fell into a terrifying abyss of violence, this symbol of totalitarian terror became an unlikely beacon of sanctuary. At…
European Bank Unveils Billion-Dollar Strategy for Nigeria
The European Bank for Reconstruction and Development has announced plans to invest at least 1.5 billion dollars in Nigeria over the next three years. The multilateral lender launched its Lagos office this week, marking its first operational base in Sub-Saharan Africa. Directors cited stabilizing macroeconomic reforms, improving foreign exchange liquidity, and a growing pipeline of…