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President Bola Ahmed Tinubu has tapped Joseph Tegbe, a former KPMG partner, to lead the Ministry of Power. This choice signals a shift from political patronage to technocratic management in a sector that remains Nigeria’s most stubborn economic bottleneck. Tegbe replaces Adebayo Adelabu, who resigned to revive his quest for the governorship of Oyo State….
Nigerian petrol prices are climbing toward N1,400 per litre as a naval standoff in the Middle East chokes global supply. The failed ceasefire between the United States and Iran has kept the Strait of Hormuz closed, driving Brent crude from $105 to $118 per barrel in 48 hours. This volatility forced the Dangote Petroleum Refinery…
Nigeria’s Senate has approved a suite of laws to fix a broken food system and stop the drain on foreign reserves. The centrepiece is the National Food Reserve Agency Bill, which creates a formal network of grain silos to manage supply shocks. By storing staples when they are cheap and releasing them during lean seasons,…
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…
American lawmakers have moved to halve financial assistance to Nigeria unless President Bola Tinubu’s administration proves it can protect the country’s Christian minority. The House Appropriations Committee passed the Fiscal Year 2027 National Security bill on Wednesday, introducing a sharp ultimatum to Abuja. Under the new provisions, 50 per cent of all foreign assistance funds…
Taiwo Oyedele has officially taken the helm as Nigeria’s Minister of Finance and Coordinating Minister of the Economy. He succeeds Wale Edun following a formal handover ceremony held in Abuja on Thursday. The transition aligns with the timeline established by President Bola Ahmed Tinubu for the cabinet reshuffle. Ministry officials confirmed the orderly completion of…
Troops of Operation Enduring Peace have raided a clandestine arms manufacturing site in Gwandanu Village, Plateau State. The tactical operation, executed on Wednesday evening, resulted in the arrest of two individuals engaged in the illegal fabrication of firearms. Military personnel seized a significant quantity of specialized tools and finished weapons from the location. The recovery…
The Federal Government has unveiled a ₦10 billion housing loan scheme for civil servants. Didi Walson-Jack, Head of the Civil Service of the Federation, announced the plan in Abuja on Friday. The initiative aims to lower the barrier to home ownership for public workers. It will operate through the Federal Mortgage Bank of Nigeria and…
The Federal Government has approved a substantial rise in peculiar allowances and welfare benefits for civil servants. Didi Walson-Jack, Head of the Civil Service of the Federation, confirmed the reforms during a briefing in Abuja on Friday. The policy covers workers under both the Consolidated Public Service Salary Structure (CONPSS) and the Consolidated Research and…
Nigeria and the African Union (AU) are intensifying efforts to bridge the continent’s severe water access gap, with Abuja serving as the primary hub for the initiative. Minister of Water Resources and Sanitation, Joseph Utsev, hosted a high-level AU delegation this week to align national policies with the broader African Water Vision 2063. The discussions…
