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Global energy markets are reeling as the Middle East conflict enters a volatile new phase. Crude oil prices surged by nearly 6% on Thursday, climbing to $108.3 per barrel after Iran dismissed a 15-point US peace proposal. Tehran labelled the plan “unfair” and “skewed” toward American and Israeli interests. The rejection abruptly reversed a brief…
The era of easy identity theft via mobile numbers is nearing its end. The Nigerian Communications Commission (NCC) has unveiled the Telecoms Identity Risk Management System (TIRMS), a platform designed to kill off SIM-related financial crimes. Aminu Maida, the Commission’s Executive Vice Chairman, announced the move on Thursday in Abuja. He argued that the mobile…
Tertiary education in Nigeria remains a high-risk environment for women. A new national survey has revealed that 70% of female students and 30% of male students have suffered at least one form of gender-based violence (GBV) on campus. These figures emerged from the National Campus Climate Baseline Survey, conducted across 12 universities spanning all six…
Nigeria has effectively ended the era of fiscal dominance. Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, announced on Thursday that the federal government’s “Ways and Means” debt has crashed to N2.84 trillion. This represents a massive reduction from the N26.95 trillion inherited by the current administration. Speaking at the Monetary Policy Forum in Abuja,…
The Naira maintained a fragile stability against the US Dollar on Friday, March 27, 2026. At the Nigerian Foreign Exchange Market (NFEM), the currency traded within a narrow band of ₦1,350 to ₦1,370. Mid-market indicators placed the official rate at approximately ₦1,356, reflecting a period of uncharacteristic calm. This follows months of aggressive interventions by…
Nigeria has stopped gambling with its energy security. Vice President Kashim Shettima made this clear on Thursday while commissioning the new head office of the Nigerian Electricity Liability Management Company (NELMCO) in Abuja. The government views the power sector as the primary floor for national progress. This new facility in the Asokoro District is not…
Foreign portfolio investment flowing into Nigeria’s stock market surged by 39.4% in February 2026, rising to N66.71 billion from N47.86 billion recorded in the same period of 2025, according to data released by the Nigerian Exchange Limited. The NGX report, released on Wednesday, shows a broad uptick in market activity, with total transactions at…
Ange Postecoglou has declared he is ready to return to football management, insisting his recent difficult experiences have only sharpened his hunger to succeed at the highest level. The 60-year-old Australian, who has been without a club since October after a brief and troubled stint at Nottingham Forest, spoke candidly to Australian sports radio…
Nigeria joined Ghana and 122 other member states of the United Nations General Assembly on Wednesday to adopt a landmark resolution declaring the transatlantic slave trade the gravest crime against humanity and calling for reparatory justice for people of African descent. The resolution, led by Ghana, was adopted with 123 votes in favour, while…
The United Kingdom will raise visa, settlement and citizenship application fees across nearly all categories from April 8, 2026, in a move set to affect thousands of Nigerians seeking to travel, study, work or relocate to the country. The fee changes, published by the UK Home Office on March 18, cover visit visas, student…
