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The federal government has issued fresh refined product import permits to independent marketers for the third quarter of 2026. The Nigerian Midstream and Downstream Petroleum Regulatory Authority approved the licenses to prevent potential domestic fuel shortages between July and September. The tactical intervention follows a noticeable decline in national fuel stock levels over the past…
A continuous wave of armed banditry and ransom kidnappings has forced the total abandonment of Owa-Onire town in the Ifelodun Local Government Area of Kwara State. Police tactical units, including the Mobile Police Force and specialized anti-kidnapping squads, discovered the empty settlement during a sweeping forest clearance operation. Heavily armed patrols moved through deserted residential…
Former Petroleum Minister Diezani Alison-Madueke accused British law enforcement authorities of destroying her life, career, and integrity through a failed corruption prosecution spanning more than a decade. The former minister made the remarks during an interview with the BBC following her full acquittal by a jury at Southwark Crown Court in London. A British jury…
Nigeria’s petrol imports rose sharply by 59.5 percent in May as oil marketers turned back to foreign suppliers to shore up domestic inventory. The latest operational data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority reveals that daily inbound shipments of Premium Motor Spirit climbed to 5.9 million litres, up from 3.7 million litres…
A fresh legal challenge has emerged over the bench warrant issued against activist and African Action Congress presidential candidate Omoyele Sowore, with human rights lawyer Aloy Ejimakor urging the Federal High Court in Abuja to set aside the order on grounds that it breached the constitutional guarantee of fair hearing. Ejimakor, in a statement…
Nigeria’s railway has carried freight and passengers for well over a century, yet it has rarely paid its own way. That financial reality returned to public attention this month when the Nigerian Railway Corporation (NRC) admitted it can no longer cover its operating costs without borrowing. The corporation said it has been running at…
The United States has released the full text of a 14-point memorandum of understanding with Iran aimed at ending hostilities, reopening the Strait of Hormuz and establishing a framework for sanctions relief tied to compliance on nuclear issues. The document, known as the Islamabad Memorandum of Understanding, was made public after calls for transparency…
Africa’s persistent reliance on raw material exports leaves the continent dangerously exposed to global price volatility, geopolitical friction, and supply-chain chaos. The African Export-Import Bank delivered this sobering assessment in its latest Trade and Development Finance Brief. The report details a familiar structural flaw. Most African nations continue to ship out agricultural goods, crude oil,…
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…
The Nigerian military has secured the release of four abducted citizens during a deliberate raid on a terrorist enclave in Katsina State. Combat teams overran a major woodland camp on Tuesday during an aggressive ground push. The targeted offensive forced the criminal syndicate to abandon their captives and flee deeper into the bush. This successful…
