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The Senate moves today toward one of the most far-reaching constitutional decisions in Nigeria’s democratic history, as lawmakers prepare to vote on a bill seeking to establish state police services across the federation, following President Bola Tinubu’s formal transmission of the proposed amendment. The legislation, contained in a communication dated June 15, 2026, was…
A Nigerian national and three currency exchange firms operating in Lagos and Kano now sit on Washington’s terrorism blacklist, after the United States accused them of channelling funds for the Islamic State of Iraq and Syria through Nigeria’s bureau de change sector. The designations, announced on Monday, June 22, 2026, by the U.S. Department…
Nigeria has approved a fresh round of petrol and diesel imports for the July to September quarter, a move that signals renewed pressure on domestic fuel supply even as the country pushes to lean more heavily on local refining. The Nigerian Midstream and Downstream Petroleum Regulatory Authority issued the clean product import permits to…
Nigeria shipped Premium Motor Spirit worth N105.50bn to Togo in the first three months of 2026, a figure that captures how sharply the country’s downstream fortunes have turned after decades of dependence on imported fuel. The export value was contained in the National Bureau of Statistics Foreign Trade Statistics Report for the first quarter…
Nigeria’s economy remained firmly cash-driven in May 2026, as the volume of money circulating outside the banking system rose to N5.19 trillion, exposing the limits of the Central Bank of Nigeria’s years-long campaign to wean the country off physical cash. Latest money and credit statistics from the CBN showed that currency outside banks…
Cristiano Ronaldo etched his name deeper into football folklore on Tuesday, becoming the first player in history to score at six different FIFA World Cup tournaments as Portugal crushed debutants Uzbekistan 5-0 in their Group K clash in Houston. The 41-year-old captain opened the scoring in the sixth minute, swivelling on the six-yard box…
The Nigerian equities market extended its positive momentum for the second consecutive session on Tuesday as renewed buying interest drove capital appreciation. The benchmark All-Share Index gained 2,524.00 points, representing a growth of 1.06 per cent to close at 240,743.19 points. Similarly, the total market capitalisation of listed equities rose by N1.64tn to settle at…
The United States government has placed a high-profile Nigerian citizen and a network of affiliated businesses on its global terrorism blacklist. The US Department of the Treasury announced the sanctions on Tuesday through its Office of Foreign Assets Control. Federal investigators uncovered evidence linking the individual directly to illicit financial networks that funnel money to…
Nigeria spends nearly five times more of its national revenue on servicing external debts than on healthcare and education combined. A damning report by ActionAid International and ActionAid Nigeria revealed the fiscal imbalance on Tuesday. The advocacy group directly accused the International Monetary Fund of pushing hostile policies that deliberately undermine social development. The country…
The Lagos State Police Command has intercepted forty-seven sacks of military camouflage uniforms and eighty cartons of illicit drugs in a major intelligence-led operation. State Commissioner of Police Fatai Tijani disclosed the significant breakthrough during a press briefing at the command headquarters in Ikeja on Tuesday. Detectives from the Anti-Kidnapping Unit intercepted the illicit cargo…
