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Nigeria’s daily petrol imports surged by 207 per cent in June, reversing months of steady progress toward domestic energy self-sufficiency. Fresh data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority reveals that daily foreign fuel receipts jumped to 18.1 million litres, up from 5.9 million litres in May. The massive influx of offshore fuel…
Presidential Chief of Staff Femi Gbajabiamila has filed a fifteen-billion-naira defamation suit against Prince Adeniyi Adeyemi. The legal battle at the High Court of the Federal Capital Territory follows explosive public allegations of bribery and official misconduct. Adeyemi accused the top official of demanding a massive forty-eight per cent kickback from a N27.3 billion grant….
Oyo State has shifted its administrative focus toward the extensive clinical and social rehabilitation of the 44 pupils and teachers rescued from forest captivity. Governor Seyi Makinde announced that his immediate priority is to safely reunite the traumatised citizens with their families after surviving a harrowing 56-day ordeal. The governor stated that the government will…
The United States has stepped in to finance the technical architecture for a small-scale liquefied natural gas plant designed to rescue northern Nigeria’s stranded industrial sector. The US Trade and Development Agency signed an agreement to grant 1.22 million dollars to Powergas Nigeria Limited to conduct a comprehensive feasibility study. The proposed facility will sit…
The Nigerian stock market has surged to the top of the global equity rankings, delivering the world’s best returns in US dollar terms. The local benchmark index achieved an explosive 67 per cent dollar return, narrowly outperforming South Korea’s Kospi index, which recorded a 66 per cent gain. This unexpected realignment across global bourses follows…
The Nigerian Senate has deferred legislative action on the controversy surrounding a fictitious presidential agency that successfully secured a N1.3 billion allocation in the 2026 national budget. Lawmakers resolved to pause any independent parliamentary inquiries until the Independent Corrupt Practices and Other Related Offences Commission concludes its ongoing criminal investigation. This tactical pause prevents an…
United Bank for Africa has named Emmanuel Nnorom as its incoming group chairman to succeed Tony Elumelu, who will retire from the board on August 21, 2026. The Tier-1 financial institution announced the leadership transition following a board meeting in Lagos. Elumelu leaves the post after completing the maximum twelve-year tenure permitted for non-executive directors…
Russia’s push to capture the remaining territory of the eastern Donetsk region has stalled as casualty rates rise. Figures compiled by the Ukrainian military indicate that Moscow lost roughly 40,000 troops during June alone. The Institute for the Study of War confirms that Russian territorial gains have shrunk even as the human cost increases. The…
The federal government has successfully evacuated 593 Nigerians from South Africa following a severe spike in xenophobic hostilities. The Ministry of Foreign Affairs confirmed that the returnees arrived at the Murtala Muhammed International Airport in Lagos aboard two chartered aircraft. Officials revealed that three additional emergency flights will return to Johannesburg next week to rescue…
The Federal Government plans to end the separation of Junior Secondary Schools from Senior Secondary Schools to combat Nigeria’s primary education dropout rates. Minister of Education, Dr Tunji Alausa, announced the decision in Abuja while inaugurating a basic education monitoring committee. The current administrative split has failed to ensure a seamless transition for local learners….
