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President Bola Tinubu has signed the African Union Convention for the Protection and Assistance of Internally Displaced Persons (IDPs) into law. This landmark legislation, often referred to as the Kampala Convention, formally integrates the 2009 regional treaty into Nigeria’s domestic legal framework. The move aims to address the systemic failures in managing the nation’s displacement…
A recent media brief from the Federal Ministry of Finance has revealed a sobering reality for Nigeria’s national budget: over the last two years, the cost of paying back debt has systematically starved capital projects of funding. Between 2024 and 2025, the Federal Government spent ₦27.2tn on debt servicing, outstripping capital expenditure by ₦3.9tn. While…
The Senate Committee on Public Accounts has rejected the financial explanations provided by the Nigerian National Petroleum Company Limited (NNPCL) regarding ₦210 trillion in unaccounted funds. Committee Chairman Aliyu Wadada announced on Sunday Politics that the current leadership, led by Group CEO Bayo Ojulari, failed to substantiate two massive entries in the company’s 2017–2023 audited…
At least 23 people are dead after flash floods tore through Nairobi on Friday night, transforming the Kenyan capital’s thoroughfares into lethal waterways. Police and Kenya Red Cross teams spent Saturday retrieving bodies from submerged vehicles and collapsed structures across both informal settlements and affluent districts like Parklands. The Nairobi River burst its banks following…
The 15-year legal stalemate over Oil Prospecting Lease (OPL) 245 has finally ended, clearing the way for a massive deepwater expansion. Bayo Ojulari, Group Chief Executive Officer of NNPC Limited, confirmed on Saturday that a historic settlement between the Federal Government, Eni, and Nigerian Agip Exploration (NAEL) will now trigger the Zabazaba-Etan project. This development…
The Central Bank of Nigeria (CBN) has confirmed that 30 banks have successfully met the new minimum capital thresholds ahead of the March 31 deadline. Mrs. Hakama Sidi Ali, the Acting Director of Corporate Communications, disclosed on Friday that 33 lenders have raised fresh capital through rights issues, private placements, and initial public offerings. The…
The Nigeria Centre for Disease Control and Prevention (NCDC) has issued a high-priority public health advisory following an uptick in Cerebrospinal Meningitis (CSM) risks. This warning specifically targets states within the “African Meningitis Belt” during the current peak of the dry season. Health officials warned that the disease can progress with lethal speed, often proving…
The Federal Government will demolish and replace Lagos’s iconic Carter Bridge after technical audits confirmed the structure is beyond repair. The Federal Executive Council (FEC) approved the decision on Wednesday as part of a broader ₦1.2 trillion infrastructure funding. Advanced Engineering Consultants secured the ₦5.6bn contract to design the replacement. This marks the end of…
Nasir El-Rufai, the former governor of Kaduna State, has branded the ongoing corruption probe against him a “political witch-hunt” triggered by his membership in the opposition African Democratic Congress (ADC). In written statements submitted to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) last month, El-Rufai alleged that his investigation is a direct…
The Federal Government has issued new presumptive tax regulations designed to simplify compliance for millions of micro, small, and medium enterprises (MSMEs). Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced the framework on Wednesday, framing it as a “structured pathway” for informal businesses to enter the formal economy. The rules replace…
