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Nigeria’s foreign reserves received a notable addition as the Central Bank of Nigeria incorporated responsibly sourced gold refined to international standards, elevating its total gold holdings to $3.5 billion and advancing efforts to diversify away from traditional assets amid global economic shifts. The move, part of an ongoing reserve diversification strategy, involves gold aggregated…
The assassination of Iran’s Supreme Leader has plunged global markets into a “prolonged period of flux,” the head of the IMF warned on Thursday. Kristalina Georgieva told the “Asia in 2050” conference in Bangkok that the escalating conflict between Iran, Israel, and the United States is a severe test of global economic resilience. Brent crude…
Boko Haram and ISWAP fighters have dislodged a military base and slaughtered dozens in the resettled community of Ngoshe, Borno State. Senator Ali Ndume confirmed on Thursday that the insurgents launched the assault on Tuesday evening, precisely as residents were breaking their Ramadan fast. The attackers overwhelmed the local military formation with superior firepower, including…
Nigeria’s Federal Government has announced plans to introduce routine hearing checks in primary schools and scale up newborn hearing screening across the country, in a move aimed at improving early detection of hearing impairment and building more inclusive learning environments for children. The announcement was made as Nigeria joined the rest of the world…
FIFA has officially confirmed the six-team line-up for the inter-confederation play-off tournament that will determine the final two spots at the 2026 FIFA World Cup, with DR Congo named as Africa’s representative and Nigeria’s last avenue to the tournament firmly closed. The world football governing body issued an accreditation notice to journalists on Wednesday,…
The Federal Government will demolish and replace Lagos’s iconic Carter Bridge after technical audits confirmed the structure is beyond repair. The Federal Executive Council (FEC) approved the decision on Wednesday as part of a broader ₦1.2 trillion infrastructure funding. Advanced Engineering Consultants secured the ₦5.6bn contract to design the replacement. This marks the end of…
NIPCO Gas Limited, one of Nigeria’s foremost downstream gas companies, has announced an ambitious infrastructure programme that includes the construction of 20 compressed natural gas stations across the country, two major compression hubs in Lagos State and Ogun State, an 80-kilometre natural gas pipeline linking Sagamu to Ibadan, and additional gas distribution infrastructure connecting…
President Bola Tinubu has moved to split the state’s monopoly on power transmission by creating the Grid Asset Management Company (GAMCO). The Federal Executive Council approved the plan on Wednesday to address the chronic instability of the national grid. Nigeria privatised its generation and distribution arms over a decade ago but kept the transmission lines…
On Wednesday, March 4, 2026, the Nigerian National Petroleum Company Limited (NNPC) adjusted its pump price to ₦937 per litre, while major independent marketers like Petrocam and Javy followed suit, pricing the product at ₦935 and ₦930, respectively. The price hike is being driven by the escalating war between the United States, Israel, and Iran,…
The Nigerian Meteorological Agency (NiMET) has disclosed a total lack of federal budgetary support, revealing that its statutory operations are funded entirely through Internally Generated Revenue (IGR). Despite this fiscal drought, the agency reaffirmed its commitment on Wednesday to building a climate-resilient health system. Speaking at the “Wiser-Health” workshop in Lagos, Director of Research and…
