Domestic Flight Delays Hit 60% in August
Nearly six of every ten domestic flights in Nigeria failed to depart on schedule…
Domestic Flight Delays Hit 60% in August
Nearly six of every ten domestic flights in Nigeria failed to depart on schedule in August 2026, according to figures published by the Nigeria Civil Aviation Authority, a reliability record that has drawn fresh scrutiny of the country’s airlines and the strained operating environment behind the delays. The NCAA’s Summary of Domestic Airline Flight…
NGX Gains N160bn Amid IPO Rush
The Nigerian Exchange opened the trading week in positive territory on Monday, 14 September 2026, adding about N160bn in value on the same day Aliko Dangote sounded the gong to launch the largest public share offer in the country’s history, an event that has dominated market attention for weeks and continues to shape how investors…
FIFA, CAF Review Nigeria Football Crisis
A joint FIFA and CAF delegation opened a two day assessment of the leadership crisis inside the Nigeria Football Federation in Abuja on Monday, holding its first talks with the National Sports Commission chairman, Shehu Dikko, and members of the federation’s federating units as world football’s governing bodies weigh how to return the NFF…
Arms Imports Climb 104% In Six Months
Nigeria’s spending on imported arms and ammunition rose sharply in the first half of 2026, climbing to N55.06bn from N26.95bn in the same period of 2025, a 104.31 per cent increase that arrives less than five months before the country returns to the polls. The figures are drawn from the National Bureau of Statistics foreign…
FG Raises N1.23trn to Tackle GenCo Debt
The federal government has raised 1.23 trillion naira through two bond sales to chip away at a four-trillion-naira mountain of legacy debt choking electricity generation companies. Akin Odeyemi, chief executive officer of the Nigerian Bulk Electricity Trading Company, announced the capital haul in Abuja on Monday. The latest issuance brought in 728.9 billion naira under…
Bandits Decapitate Abductee Over N50m Levy
Armed outlaws in Niger State have beheaded a captive and delivered the severed head to a community leader following the non-payment of a 50 million naira extortion levy. The gruesome delivery represents an escalation in the economic warfare waged by criminal syndicates against agrarian settlements across north-central Nigeria. Rural gangs no longer hide their demands…
FG, TUC Reach Truce Over King’s College Handover
The Federal Government moved on Monday, 15 September 2026, to calm one of the fiercest disputes yet over its education reforms, giving a firm assurance that no worker at King’s College, Lagos, would lose their job because of a controversial arrangement handing management of the 117-year-old school to its alumni association. The Minister of Education,…
Nigeria Returns to JP Morgan Bond Index
JPMorgan has readmitted Nigeria to its emerging-market debt tracking tables after an eleven-year exile. The American investment bank allocated Africa’s most populous nation a 7.4 per cent weighting in its newly minted Government Bond Index–Emerging Markets Edge. That decision covers sixteen naira-denominated federal bonds worth roughly 17.47 billion dollars. The index tracks roughly 328 billion…
Naira Trades at N1,326 Official Window Today
The Nigerian naira held steady at 1,326.30 to the American dollar on the official window on Tuesday, 15 September 2026. Central Bank of Nigeria records show that the spot rate firmed slightly from Monday’s opening levels at the Nigerian Foreign Exchange Market. Street dealers in Lagos, Abuja, and Kano quoted the greenback between 1,385 naira…
Nine NGX Firms Sink Into Financial Distress
Nine listed companies on the Nigerian Exchange have wiped out their accounting capital and plunged into negative equity. Financial statements filed at the Customs Street exchange in Lagos on Tuesday, 15 September 2026, show debts exceeding total assets across the group. Accumulated trading deficits and currency losses have eaten away at core shareholder equity. The…