High Fares, Long Roads: Nigerians Push Home for Christmas

As Christmas draws closer, Nigeria’s highways are once again filling with determined travellers—this time at a steep financial and emotional cost. Despite persistent fears of kidnapping and worsening insecurity on major inter-state roads, thousands of Nigerians travelling for the Yuletide, particularly to the South-East and South-South, are rushing to secure road transport tickets—many at prices…

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China-Nigeria Trade Surpasses $22B, Boosting Economic Ties, Says Ambassador

The trade volume between China and Nigeria has exceeded $22 billion, marking a significant milestone in the two countries’ growing economic relationship, China’s Ambassador to Nigeria, Yu Dunhai, announced on Thursday. Speaking at the 1st Annual China-Nigeria Government Exchange Program Alumni Reunion Gala in Abuja, Yu confirmed that 2025 trade figures have already surpassed those…

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FEC Approves 2026 Budget, President Tinubu to Present Proposal to National Assembly

The Federal Executive Council (FEC) has approved the 2026 national budget, paving the way for its formal presentation to a joint session of the National Assembly by President Bola Ahmed Tinubu later today. The approval clears a key constitutional step in the budgetary process and signals the commencement of legislative consideration of the 2026 Appropriation…

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Nigeria Sovereign Investment Authority Crosses $3 Billion Asset Milestone.

The Nigeria Sovereign Investment Authority (NSIA) has surpassed the $3 billion mark in total assets, signaling a maturation from its foundational mandate as a stabilization fund into a sophisticated architect of national economic systems. Established over a decade ago by an Act of Parliament to manage Nigeria’s sovereign wealth, the Authority has evolved into a…

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Customs Intercept Smuggled Goods Worth ₦82 Million in Bauchi Zone.

Bauchi – The Federal Operations Unit, Zone ‘D’, of the Nigeria Customs Service has seized smuggled goods with a Duty Paid Value (DPV) of over ₦82.1 million in a two-week operation across nine states in the country’s North-East and North-Central regions. The Zone Comptroller, Mr. Abdullahi Kaila, disclosed this during a press briefing in Bauchi…

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IPMAN eyes refinery ownership, orders members to buy Dangote fuel.

The Independent Petroleum Marketers Association of Nigeria has revealed plans to venture into refinery ownership, subject to regulatory approval, as part of efforts to deepen domestic refining and reduce Nigeria’s reliance on imported petroleum products.   The association also directed its members nationwide to prioritize the purchase of Premium Motor Spirit from the Dangote Petroleum…

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Can Germany’s Spending Push Lift Europe Out of America’s Shadow?

European markets have spent much of the past year trailing the United States, and investors are now pinning their hopes on a potential spending surge in Germany to change the narrative in 2026. As the European Union’s largest economy, Germany’s fiscal choices are seen as pivotal—but markets want proof that promised spending will translate into…

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Shrines, Spirits and a Fake Fortune: EFCC Moves to Prosecute Five Herbalists Over Alleged $3m Currency Scam

Five self-styled herbalists operating shrines in Lagos and Osun states are set to face trial after operatives of the Economic and Financial Crimes Commission (EFCC) uncovered what the agency described as a sophisticated fraud involving fake foreign currency valued at $3.4 million and €280,000. The arrests followed intelligence reports and surveillance linking the suspects to…

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FG Unveils Executive Order Banning Export of Wood and Charcoal

The Federal Government has unveiled a new Presidential Executive Order prohibiting the exportation of wood, charcoal, and other allied forest products from Nigeria. The Minister of Environment, Alhaji Balarabe Abbas-Lawal, announced the order on Wednesday in Katsina during the 18th meeting of the National Council on Environment (NCE). He said the directive, titled “Presidential Executive…

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Spate of Killings, Threat to Nigerian Economy, Sovereignty

Nigeria has continued to witness the deadliest killings, as reports suggest that armed non-state actors have killed over 200 people in recent attacks. Several illegal armed groups, ethnic militia groups, religious fundamentalists and fanatics are evidence of insecurity in Nigeria, and their atrocities have given rise to series of bombings, murder, arson, armed robbery, corruption,…

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