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Nigerian army troops killed six suspected terrorists during a fierce gunfight in the troubled hills of Plateau State. Soldiers operating under the Joint Security Task Force intercepted the heavily armed group during a routine clearance patrol. The operational command confirmed that the encounter followed a precise intelligence tip-off regarding militant movements between rural borders. A…
The Federal Government has raised its 2026 independent revenue target to N2.5tn to boost non-oil income. Acting Executive Chairman of the Fiscal Responsibility Commission, Charles Abana, announced the fresh target in Abuja. The policy shift follows the close monitoring of N1.84trn generated by public agencies as of September 2025. This ambitious fiscal benchmark comes at…
An improvised explosive device detonated in Sokoto State, killing one person and injuring several others. The blast ripped through a local community, marking a dangerous shift in regional violence. Security agencies rushed to cordon off the area after the detonation. First responders evacuated the wounded to a nearby specialist hospital for urgent treatment. Bomb disposal…
The Nigerian stock market shed N2.4 trillion in its latest profit-taking wave. Institutional investors locked in returns from a record-breaking rally. Market valuations are hitting a temporary ceiling. Equity prices fell across key banking and industrial goods counters. Investors are recalibrating their risk exposure ahead of quarter-end results. This contraction tests local market resilience. Market…
Armed bandits have razed a public school in Niger State shortly after extorting a ten-million-naira levy from the local host community. The incident occurred in the volatile Shiroro local government area on Wednesday night, following weeks of intense threats. Local community leaders confirmed they painfully raised the exorbitant protection fee across farming households to secure…
The United States government has placed a high-profile Nigerian citizen and a network of affiliated businesses on its global terrorism blacklist. The US Department of the Treasury announced the sanctions on Tuesday through its Office of Foreign Assets Control. Federal investigators uncovered evidence linking the individual directly to illicit financial networks that funnel money to…
Nigerian civil servants have demanded an immediate 400 per cent increase in the national minimum wage to counter severe economic hardship. The Joint National Public Service Negotiating Council announced the position following a two-day national retreat in Osogbo, Osun State. Union leaders insist the current N70,000 monthly baseline leaves public workers entirely unable to cope…
Nigerian factories are carrying the heaviest fiscal burden for a cash-strapped state. The manufacturing sector contributed N404 billion in corporate and value-added taxes during the first quarter of 2026. Data from the National Bureau of Statistics show that factory owners remain the largest domestic source of non-oil state revenue. This fiscal feat comes despite a…
Nigeria’s petrol imports rose sharply by 59.5 percent in May as oil marketers turned back to foreign suppliers to shore up domestic inventory. The latest operational data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority reveals that daily inbound shipments of Premium Motor Spirit climbed to 5.9 million litres, up from 3.7 million litres…
The Federal Government released comprehensive transition guidelines to steer corporate taxpayers through the implementation of its overhauled national tax framework. The Federal Inland Revenue Service published the administrative manual to eliminate market confusion and prevent operational disruptions across key sectors. The new fiscal regime introduces structural changes to corporate income tax thresholds, value-added tax collection…
