Gulf, Asian Envoys Meet in Tehran Over War

Tehran Plans New Hormuz Route With Oman

Iran plans to sign an agreement establishing a tightly controlled commercial transit corridor through the Strait of Hormuz within days, senior security officials in Tehran disclosed on Sunday, 6 September 2026. Mohsen Rezaei, the secretary of Iran’s Supreme National Security Council, announced on state television that Iranian authorities will directly manage vessel entry and exit…

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Living Abroad, Working for Nigeria: The Tax Debate Under the 2026 Reform Framework

  Nigeria’s evolving tax framework has opened a new discussion over how employment income should be treated when a worker lives outside the country but remains employed by a Nigerian company. The issue has become increasingly relevant as remote work expands across borders, allowing Nigerian businesses to hire professionals who perform their duties from countries…

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NELFUND Student Loans Hit 1.6m Applications

  Nigeria’s student financing landscape is undergoing one of its biggest transformations in decades as the Nigerian Education Loan Fund (NELFUND) expands access to tertiary education through a government-backed loan scheme that has attracted more than 1.6 million applications. The programme, launched to reduce financial barriers facing students in public tertiary institutions, has so far…

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Nine NGX Firms Sink Into Financial Distress

Six Firms List 14.44bn Additional Shares on NGX

  Nigeria’s equities market recorded one of its notable weeks for corporate actions as six listed companies admitted a combined 14.44 billion additional shares on the Nigerian Exchange (NGX), highlighting continued efforts by businesses to strengthen capital positions, restructure liabilities and meet evolving industry requirements. The supplementary listings, completed during the week ended September 4,…

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N94.4bn Queried as Audit Exposes MDGIF Financial Gaps

  The fund created to finance Nigeria’s gas infrastructure ambitions is facing fresh scrutiny after an audit uncovered financial discrepancies and compliance failures involving about N94.4bn, raising questions over revenue collection, transparency and accountability within one of the country’s strategic energy institutions. The findings involving the Midstream and Downstream Gas Infrastructure Fund (MDGIF) come at…

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Pete Edochie Names Awolowo as His Favourite Nigerian Politician

Pete Edochie Names Awolowo as His Favourite Nigerian Politician

Veteran Nollywood actor Pete Edochie has named the late Chief Obafemi Awolowo as his favourite Nigerian politician, citing his approach to governance and contributions to education and broadcasting. Edochie said that although he was not deeply interested in politics, Awolowo earned his admiration because he clearly explained his development plans, their projected costs and how…

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Datti Baba-Ahmed: I Warned Obi Against Joining ADC

  Yusuf Datti Baba-Ahmed, Peter Obi’s running mate on the Labour Party ticket in the 2023 presidential election, has said he personally advised the former Anambra State governor against joining the African Democratic Congress, describing the platform as unsuitable for Obi’s ambitions. Speaking during an interview on the MIC ON Podcast, Baba-Ahmed recalled that he…

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SERAP Demands Answers Over ₦78.8bn Cash Transfer Spending

  An audit of Nigeria’s federal cash transfer programme has raised concerns over documentation gaps, payment verification and financial controls surrounding billions of naira allocated to support vulnerable households, prompting renewed calls for greater transparency in the country’s social protection system. The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to direct…

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