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The Independent National Electoral Commission will open the final window for voter registration on 11 May 2026. This third phase serves as the last call for the millions of Nigerians who turned 18 recently or missed previous rounds. Officials suspended the exercise in April to scrub the register of duplicates and ghost names. Now, the…
Nigerian lenders are pulling back from the central bank’s safety net. Banks and merchant banks slashed their deposits with the Central Bank of Nigeria (CBN) by 28 per cent in April 2026. This retreat follows a decision by the Monetary Policy Committee to cut the headline interest rate to 26.5 per cent. Total deposits dropped…
An electrical fault has turned the Nigeria Labour Congress secretariat in Sokoto into a hollowed shell. The fire started at 3 am on Saturday and erased three decades of trade union history in a single morning. Firefighters arrived an hour after the alarm, but the delay proved fatal for the building’s contents. Every computer, printer,…
Nigeria has pledged its total commitment to OPEC and the OPEC+ alliance. This move follows the departure of the United Arab Emirates (UAE) from the oil cartel on 1 May 2026. Officials in Abuja spent Friday insisting that collective action remains the best way to handle market volatility. They claim that the Declaration of Cooperation…
Nigeria wants to outlaw the habit of dumping development plans whenever a new president takes office. The House of Representatives passed a bill through its second reading on Wednesday to create a 50-year national economic framework. This law would bind future governments to a single set of goals from 2026 until 2076. Lawmakers believe a…
The Nigerian naira is showing resilience at the official window this Wednesday, April 29, 2026, trading around the ₦1,360 mark. Market data confirms a period of relative stability, with the currency hovering near ₦1,360.19 per dollar. While official channels maintain this tight band, the parallel market remains under persistent pressure, with rates reported between ₦1,480…
President Donald Trump abruptly cancelled a planned mission to Pakistan on Saturday, grounding envoys Jared Kushner and Steve Witkoff. The pair had been scheduled to open fresh peace negotiations with Iranian representatives. Mr. Trump dismissed the effort as a waste of time, claiming the current Iranian proposals lack substance. He insists that Washington holds the…
The Nigerian naira holds steady in both official and parallel foreign exchange markets this week. Official rates at the Nigerian Foreign Exchange Market (NFEM) hover between ₦1,350 and ₦1,355 per dollar. This performance reflects the Central Bank of Nigeria’s managed float system. The regulator attempts to curb sharp volatility through intermittent interventions. Market sentiment remains…
Aliko Dangote plans to construct a 650,000 barrels-per-day refinery in East Africa, aiming to replicate the scale of his Lagos-based facility. The billionaire industrialist announced this intent at the “Africa We Build” summit in Nairobi on Thursday. He stated that his group is ready to proceed if regional governments provide the necessary support. The proposed…
Minister of Power Adebayo Adelabu has submitted his resignation to President Bola Tinubu, effective April 30, 2026. The Minister intends to pursue the governorship of Oyo State. This move aligns with recent administration directives requiring political appointees to vacate their offices by March 31, 2026, to comply with the Electoral Act 2026. His departure marks…
