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The Federal Government has suspended the issuance of petrol import licences for a second consecutive month, signalling a hard pivot toward domestic self-sufficiency. This move, enforced by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), marks the first significant application of the Petroleum Industry Act (PIA) provisions that restrict imports unless local supply fails…
In a significant blow to England’s future midfield depth, Borussia Dortmund’s Carney Chukwuemeka has officially switched his international eligibility to Austria. FIFA ratified the 22-year-old’s change of association late on Monday, clearing the path for the former Chelsea man to represent his country of birth at this summer’s World Cup. Austria, managed by Ralf Rangnick,…
The African Development Bank (AfDB) has unveiled the Integrated Aviation Transformation Programme, a continent-wide financing platform designed to turn surging passenger demand into sustainable profits. Presented at the Airlines, Capital and Connectivity Forum in Nairobi, the initiative seeks to mobilise long-term capital for a sector that remains paradoxically unprofitable. Despite Africa being home to 18…
Africa’s wealthiest citizens have seen their collective fortunes surge by 21 per cent over the past year. The continent’s 23 billionaires are now worth a combined $126.7 billion, according to the 2026 Forbes rankings. This $20.3 billion jump reflects a period of stabilizing regional currencies and a broad rally across major African equity markets. Nigeria…
The Nigeria Police Force has entered a period of systemic renewal following the swearing-in of Olatunji Disu as the 23rd indigenous Inspector-General of Police (IGP). Disu’s ascent has triggered the voluntary retirement of Deputy Inspector-General (DIG) Frank Mba and several other members of the force management team. The departing officers, who had already cleared their…
The Federal Government has made enrollment in the Nigeria Education Repository and Data Bank (NERD) a mandatory prerequisite for participation in the National Youth Service Corps (NYSC). Education Minister Dr. Maruf Alausa announced the directive on Thursday, framing it as a terminal blow to the country’s “certificate mill” crisis. Under the new rules, any graduate…
OpenAI is amending its new agreement with the US Department of War following a swift and severe public backlash over the use of its technology in classified military operations. Chief Executive Sam Altman admitted on Monday that the rollout was “opportunistic and sloppy,” prompting the company to insert explicit prohibitions against using its AI for…
Nigeria’s electoral umpire has warned citizens to temper their expectations for the 2027 general elections. Professor Joash Amupitan, Chairman of the Independent National Electoral Commission (INEC), stated on Sunday that while the commission will strive for excellence, a “100 per cent perfect election” is unrealistic. Speaking at a town hall programme, Amupitan aimed to manage…
Nigeria’s economy closed 2025 on a high note, recording a real GDP growth of 4.07% in the fourth quarter. Data released by the National Bureau of Statistics (NBS) shows a steady acceleration from the 3.76% seen during the same period in 2024. The services sector remains the undisputed engine of this expansion, accounting for nearly…
Nigeria’s lenders are currently engaged in a frantic scramble for cash. According to the Central Bank of Nigeria (CBN), the industry has successfully mobilised ₦4.05trn to meet new, more aggressive capital thresholds. Of the 33 banks under the microscope, 20 have already crossed the finish line. The remaining 13 are staring at a clock that…
