Ayomide Kuku

Vance Defends Tehran Agreement but Swiss Talks Postponed

Vance Defends Tehran Agreement but Swiss Talks Postponed

US Vice President JD Vance delayed his diplomatic mission to Switzerland following a surge in Israeli military operations inside southern Lebanon. The white-hot regional friction threatens to derail a newly minted memorandum of understanding aimed at ending the 112-day war between Washington and Tehran. Speaking from the White House, Vance aggressively defended the preliminary accord…

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Vandals Plunge Niger Power Grid into Crisis - TCN

Vandals Plunge Niger Power Grid into Crisis – TCN

Nigeria’s fragile electricity grid faces a dangerous new security threat in the Middle Belt. The Transmission Company of Nigeria has raised an alarm over a surge in infrastructure vandalism across Niger State. Saboteurs are increasingly targeting critical high-voltage installations that transmit bulk electricity to the federal capital and surrounding states. This aggressive economic sabotage threatens…

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Cooking Gas Prices Could Drop Before Next Year - NALPGAM

Cooking Gas Prices Could Drop Before Next Year – NALPGAM

Nigerian households may soon experience major relief from crushing energy bills. The Nigerian Association of Liquefied Petroleum Gas Marketers projects that retail cooking gas prices could crash to N900 per kilogram by the end of 2026. This optimistic forecast depends entirely on the federal government executing swift supply chain reforms. Consumers currently endure extreme financial…

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IMF Flags Huge Unrecorded Nigerian State Spending

IMF Warns Nigeria Against $5bn UAE Loan

The International Monetary Fund has cautioned the Federal Government over its proposed 5 billion dollar structured financing agreement with the First Abu Dhabi Bank. Christian Ebeke, the fund’s resident representative in Nigeria, warned on Tuesday that the complex derivatives-based transaction carries severe hidden fiscal risks. Speaking during a media briefing on the 2026 Article IV…

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FG Woos Private Capital for $1trn Target

FG Clears N700bn Contractor Debt to Boost Liquidity

The Federal Government has cleared more than 700 billion naira in verified debts owed to domestic contractors to inject immediate liquidity into the private sector. The massive fiscal release represents a coordinated effort by the treasury to settle long-standing obligations accumulated across various Ministries, Departments, and Agencies. Finance ministry records show that payment processing accelerated…

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