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Nigeria’s electricity distribution companies (DisCos) collected N207.49 billion from customers in December 2025, according to the latest performance factsheet from the Nigerian Electricity Regulatory Commission (NERC). While the figure suggests a bustling festive period for the utilities, it masks a persistent fiscal wound: a N51.17 billion revenue shortfall. Of the N258.66 billion billed to consumers,…
The Central Bank of Nigeria (CBN) has ordered all commercial banks to undergo rigorous stress tests starting April 1, 2026. This directive arrives as the industry enters the final stretch of its recapitalisation journey, with a March 31 deadline for meeting new capital floors. The apex bank intends to measure how lenders would survive “extreme…
Daniel Bwala, Special Adviser to President Bola Tinubu on Policy Communication, has rejected assertions that insecurity is deteriorating across Nigeria, insisting instead that the Federal Government is actively containing the situation through sustained military operations and international partnerships. His remarks came during a recorded appearance on Al Jazeera’s “Head to Head” programme with…
Governor Lucky Aiyedatiwa of Ondo State has asserted that no terrorist attacks have occurred in the state since the June 2022 massacre at Saint Francis Xavier Catholic Church in Owo, characterising recent violent incidents including the killing of a traditional ruler as isolated criminal acts rather than coordinated terrorism. The governor made these claims…
Afrobeats star Joeboy has expressed deep concern over the “insurmountable” hurdles facing emerging artists in the current musical climate. Speaking during a recent interview on Jay On-Air Live on March 3, 2026, the singer noted that the industry has shifted from a talent-first model to one dictated by digital visibility. He argued that the era…
A five-day warning strike has brought the University College Hospital (UCH), Ibadan, to its knees, as medical staff protest what they call “deliberate internal power rationing.” The industrial action, which began on Monday, March 2, has forced the premier teaching hospital to stop admitting new patients and cancel routine surgeries. While the Ibadan Electricity Distribution…
The World Health Organisation (WHO) has verified 13 attacks on healthcare facilities in Iran since the outbreak of the US-Israel-Iran war on February 28. Director-General Tedros Adhanom Ghebreyesus confirmed the strikes on Thursday, noting that the violence has already claimed over 1,000 lives and displaced 100,000 people across 16 countries. The attacks on medical infrastructure,…
The United States has imposed visa restrictions on several senior Rwandan officials, accusing them of fuelling instability in the eastern Democratic Republic of the Congo through continued support for the M23 rebel militia and violations of the Washington Accords. The sanctions, announced by Secretary of State Marco Rubio on Friday, represent the latest escalation…
The Nigerian Army neutralized 45 terrorists in a high-stakes battle in the Danmusa Local Government Area of Katsina State on Friday. The victory, however, claimed the lives of a captain and two soldiers during a fierce exchange of fire. Commissioner for Internal Security and Home Affairs, Nasir Mua’zu, confirmed the encounter in a statement on…
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has dismissed fears of a fiscal collapse, describing Nigeria’s current economic turbulence as a necessary “fiscal correction.” In a detailed brief released on Friday, Edun argued that the administration is prioritising long-term sustainability over “short-term illusion.” The document, aimed at deepening public understanding…
