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Nigeria consumed 1.53 billion litres of petrol in April, as the Dangote Refinery cemented its status as the nation’s primary fuel source. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) shows that daily consumption averaged 51.1 million litres. This volume highlights a significant reliance on a single private entity for energy security….
The Central Bank of Nigeria has ordered state governments to end their addiction to overdrafts and short-term loans. This fiscal recklessness now threatens the bank’s planned shift to a rule-based inflation-targeting framework. Deputy Governor Muhammad Abdullahi warned state officials on Sunday that expansionary spending at the sub-national level blunts the edge of monetary policy. States…
Arsenal sit five points clear of the Premier League summit after a late video intervention saved their title bid in East London. A 1-0 victory over West Ham on Sunday puts Mikel Arteta within two wins of the club’s first trophy in 22 years. The match turned on an 83rd-minute strike from Leandro Trossard and…
Atiku Abubakar and Rotimi Amaechi have moved to the African Democratic Congress (ADC) to revive their presidential ambitions for 2027. The former Vice President and the former Transport Minister both paid 90 million naira for nomination forms this week. Mohammed Hayatu-Deen joined them in the dash for the party ticket. The price of entry is…
The African Democratic Congress (ADC) has dismissed the federal government’s celebration of a 22 per cent rise in dollar GDP as a whitewash. While official data suggests the economy hit $307bn in 2025, the opposition party argues these figures offer no relief to a hungry population. National Publicity Secretary Bolaji Abdullahi noted that “people do…
The Nigerian passport is climbing the global charts. While it rose six places on the Henley Passport Index to rank 89th this April, the move is an optical illusion. The rise stems from the collapse of other failing states rather than its own strength. In reality, the list of countries willing to welcome Nigerians without…
Nigeria’s banking system is expanding at a breakneck pace that defies traditional economic logic. Credit to the private sector reached a record N94.61tn in February. Simultaneously, government borrowing climbed to N39.36tn. Usually, heavy state borrowing crowds out private companies. Today, both are feasting on bank balance sheets at the same time. This dual surge suggests…
The Michael Okpara University of Agriculture, Umudike (MOUAU) in Abia State is set to become a hub for livestock innovation following a ₦300 million investment from the World Bank. The funding, provided through the Livestock Productivity and Resilience Support Project (L-PRES), is dedicated to establishing an Animal Feed Reference Laboratory. This initiative aims to modernize…
The Nigerian Exchange Group (NGX) is minting money for its owners again. At its 65th Annual General Meeting in Lagos, the bourse operator secured approval for a N2.00 per share final dividend and a one-for-three bonus share issue. This payout follows a 2025 financial year that shareholders described as a turning point for the group….
Armed invaders killed at least four travellers along the Aila-Odugheho road in Benue State on Saturday. The victims fell into a lethal trap while moving through the Agatu Local Government Area. Locals named the deceased as Ochefije Elijah Ojema, Igojuju Husaini, Odiya Ochowechi, and Ochoyoda Adejo. This latest bloodshed highlights a shift in tactics by…
