Upstream Petroleum Workers Strike Threatens Oil Regulation

Upstream Petroleum Workers Strike Threatens Oil Regulation

An indefinite nationwide strike by upstream petroleum workers has brought Nigeria’s oil and gas regulatory architecture to a halt. Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria locked the gates of the Nigerian Upstream Petroleum Regulatory Commission. The industrial action completely froze administrative and regulatory functions at the Abuja headquarters and…

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$3.6 World Bank Loans Fail to Revive National Grid

$3.6b World Bank Loans Fail to Revive National Grid

Nigeria’s national electricity grid continues to collapse despite receiving 3.6 billion dollars in World Bank loans over the last decade. A comprehensive review of development finance reveals that massive capital injections failed to fix the country’s chronic transmission and distribution failures. The multi-billion-dollar funding aimed to stabilise power supplies, expand the national grid, and bring…

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Capital Spending Swallows Fraction of Nigeria’s New Debt

Capital Spending Swallows Fraction of Nigeria’s New Debt

The federal government deployed barely a quarter of its massive N11.89trn new borrowing to build infrastructure, exposing a deep rift between state debt expansion and visible development. Fresh figures from the Budget Office of the Federation reveal that capital projects received just N3.10trn during the first nine months of last year. Meanwhile, the state comfortably…

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USCRIF Blames Fulani Militants for Rising Insecurity Across Nigeria

USCRIF Blames Fulani Militants for Rising Insecurity Across Nigeria

An estimated 30,000 armed Fulani militants are currently driving rural insecurity and religious freedom violations across Nigeria. This disclosure forms the core of a new report by the United States Commission on International Religious Freedom. The document characterizes these fluid nomadic factions as some of the deadliest non-state actors operating within the country. Moving in…

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Tinubu Urges Muslims to Emulate Prophet Muhammad

Eid-el-Kabir: Tinubu Declares End to Economic Reform Hardships

President Bola Tinubu announced yesterday that the difficult period of his administration’s economic reforms has ended. In his Eid-el-Kabir message, the president declared that the nation has completed its walk through a dark tunnel. He claimed that three years of public sacrifice have stabilized the economy. The president now positions the country as a preferred…

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World Bank Approves $1.25bn Nigeria Loan Despite Backlash

Nigeria Retains Third-Largest Position on World Bank Borrower List

Nigeria maintained its position as the third-largest global borrower from the World Bank’s International Development Association despite a marginal reduction in its debt stock. The nation’s outstanding exposure to the concessional lending arm stood at $18.5 billion as of March 31, 2026. This figure marks a slight 1.7 percent drop from the $18.7 billion recorded…

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