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The Central Bank of Nigeria has ordered state governments to end their addiction to overdrafts and short-term loans. This fiscal recklessness now threatens the bank’s planned shift to a rule-based inflation-targeting framework. Deputy Governor Muhammad Abdullahi warned state officials on Sunday that expansionary spending at the sub-national level blunts the edge of monetary policy. States…
Nigeria’s telecommunications firms no longer have an excuse for dropped calls. The Federal Ministry of Communications, Innovation, and Digital Economy has told operators to improve their networks now that the state has cleared their paths. To help the sector, the government secured World Bank funding for Project BRIDGE, an open-access fibre network. This plan aims…
The National Drug Law Enforcement Agency has uncovered a multi-billion-naira drug stash in a Lekki mansion. Operatives seized 2,326 kilograms of high-strength imported cannabis known as “Loud” during the Friday raid. The haul is worth more than N5.8 billion on the black market. This operation at Lekki Phase 1 reveals how luxury residential areas now…
Nigerians are paying 300 per cent more for electricity while receiving the same dismal service. Two years after the government introduced Band A tariffs to boost revenue, the power grid remains stuck. Data from the Independent System Operator shows average generation hovers around 4,200 megawatts. Distribution companies ration even less, sharing just 3,618 megawatts among…
Donald Trump has dismissed Iran’s latest peace proposal as “totally unacceptable,” pushing the Middle East back toward open warfare. Writing on his Truth Social platform, the US president gave no specifics about the counteroffer but made his disdain clear. This rejection follows weeks of Pakistani-mediated talks aimed at ending the war that began on 28…
Nigerian ports are suddenly teeming with cars. New data from the Nigerian Ports Authority shows vehicle imports jumped to 58,870 units in the first quarter of 2026. This is a massive 67 per cent increase from the 35,262 units handled during the same period last year. The surge suggests that domestic demand is finally defying…
Nigeria’s opposition parties spent the weekend in a frantic dash to submit their membership registers to the Independent National Electoral Commission. The clock stopped at midnight on 10 May, marking the final cut-off for those planning to hold primaries by the end of the month. Under Section 77(4) of the Electoral Act 2026, parties must…
The Federal Government has ordered mandatory drug integrity tests for all secondary school students entering the Nigerian education system. Under the newly released National Implementation Guidelines, schools must screen every new arrival before they can take their seats in the classroom. This is not a one-off hurdle for freshers. The policy directs school administrators to…
Eight vessels carrying approximately 164,000 metric tonnes of petroleum products are headed to Nigerian ports, according to the Daily Shipping Position obtained on Sunday, raising fresh questions about the country’s dependence on imported refined fuel despite the ongoing operations of the Dangote Petroleum Refinery. The incoming shipments comprise 82,000 metric tonnes of Automotive Gas…
A special repatriation flight carrying 20 British nationals evacuated from a hantavirus-struck cruise ship landed at Manchester Airport on Sunday, bringing home passengers caught in one of the most unusual public health emergencies to affect a civilian vessel in recent memory. Television footage showed the aircraft touching down at the northwest England airport after…
