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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 Nigerian Naira opened the second week of March 2026 with a show of resilience, trading at 1,391.58 per dollar in the official Nigerian Foreign Exchange Market (NFEM) on Monday, March 9, 2026. This represents a slight appreciation from the 1,398.00 closing rate recorded last Friday. Market transparency remains at an all-time high as the…
Afrobeats star Joeboy has expressed deep concern over the “insurmountable” hurdles facing emerging artists in the current musical climate. Speaking during a recent interview on Jay On-Air Live on March 3, 2026, the singer noted that the industry has shifted from a talent-first model to one dictated by digital visibility. He argued that the era…
A five-day warning strike has brought the University College Hospital (UCH), Ibadan, to its knees, as medical staff protest what they call “deliberate internal power rationing.” The industrial action, which began on Monday, March 2, has forced the premier teaching hospital to stop admitting new patients and cancel routine surgeries. While the Ibadan Electricity Distribution…
The World Health Organisation (WHO) has verified 13 attacks on healthcare facilities in Iran since the outbreak of the US-Israel-Iran war on February 28. Director-General Tedros Adhanom Ghebreyesus confirmed the strikes on Thursday, noting that the violence has already claimed over 1,000 lives and displaced 100,000 people across 16 countries. The attacks on medical infrastructure,…
On Wednesday, March 4, 2026, the Nigerian National Petroleum Company Limited (NNPC) adjusted its pump price to ₦937 per litre, while major independent marketers like Petrocam and Javy followed suit, pricing the product at ₦935 and ₦930, respectively. The price hike is being driven by the escalating war between the United States, Israel, and Iran,…
The Middle East has plunged into a generational conflict as US and Israeli forces sustain a “broad wave of strikes” designed to dismantle the Iranian state. President Donald Trump, meeting with German Chancellor Friedrich Merz on Wednesday, claimed that two waves of attacks have already killed several figures considered potential successors to Ayatollah Ali Khamenei….
Real Madrid’s title defence suffered a bruising setback on Monday as Getafe secured a shock 1-0 victory at the Santiago Bernabéu. A sublime first-half volley from Martin Satriano condemned the hosts to their second consecutive league defeat, leaving them four points adrift of leaders Barcelona. Without the injured Kylian Mbappé, Madrid’s attack lacked its usual…
Nigeria’s net foreign exchange reserves have climbed by 772 per cent in two years, marking a sharp recovery in the country’s external buffers. Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, revealed on Monday that net reserves rose from a lowly $3.99 billion at the end of 2023 to $34.80 billion by December 2025. This…
The National Agency for Food and Drug Administration and Control (NAFDAC) has issued a final warning regarding the sale of multi-dose Artemether/Lumefantrine oral suspensions. In a public alert released via its X (formerly Twitter) account (@NafdacAgency) on February 27, 2026, the regulator reminded the public that the registration for these multi-dose dry powders was discontinued…
