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Nigeria faces a crippling fiscal squeeze despite maintaining technically sustainable levels of public debt. The International Monetary Fund warns that the federal government will spend roughly 50 percent of its tax revenues solely on interest payments between 2025 and 2028. While Abuja is not at immediate risk of systemic sovereign default, this massive debt-servicing burden…
Nigerian households may soon experience major relief from crushing energy bills. The Nigerian Association of Liquefied Petroleum Gas Marketers projects that retail cooking gas prices could crash to N900 per kilogram by the end of 2026. This optimistic forecast depends entirely on the federal government executing swift supply chain reforms. Consumers currently endure extreme financial…
Nigeria’s sweeping foreign exchange reforms have yet to align the local currency with economic reality. The International Monetary Fund states that the naira trades roughly 25.6 percent below its fair value. According to the Washington-based lender, its Real Effective Exchange Rate model shows that the currency remains heavily undervalued despite recent gains. This persistent gap…
Global energy markets face immediate downward pressure after a breakthrough agreement in the Middle East. Brent crude plunged below the critical threshold of 80 dollars a barrel on Tuesday. Investors rapidly unloaded contracts following news of a diplomatic breakthrough between the United States and Iran. This sudden sell-off reflects a sharp drop in the geopolitical…
Armed men have launched a deadly assault on the National Institute for Policy and Strategic Studies in Plateau State. The attackers stormed the elite facility in Kuru near Jos late on Monday night. Three security operatives lost their lives whilst defending the nation’s foremost policy centre. This bold raid on a highly guarded federal establishment…
Nigeria’s informal currency market has delivered another sobering reality check to monetary authorities. The naira depreciated to N1,400 per dollar in the parallel market on Monday. This drop from N1,390 over the weekend signals persistent liquidity pressures outside official banking channels. Retail buyers continue to flock to street dealers for quicker access to hard currency….
The presidential candidate of the Social Democratic Party, Adewole Adebayo, has criticised the Senate’s refusal to investigate military spending despite escalating insecurity, insisting that accountability in defence expenditure must not be traded away under the cover of protecting troop morale. Speaking with journalists in Abuja on Monday, Adebayo questioned the value Nigerians have received from…
The Joint Admissions and Matriculation Board has released the results of the 2026 Unified Tertiary Matriculation Examination mop-up exercise, clearing the way for the ranking of candidates and the start of the admission cycle for tertiary institutions nationwide. The Board’s Public Communication Advisor, Fabian Benjamin, disclosed in a statement on Tuesday that candidates who…
Fresh doubts have been cast over the report that recommended the six-month suspension of Senator Natasha Akpoti-Uduaghan, with Senator Adams Oshiomhole alleging that the signatures of at least three senators were forged or improperly attached to the document. Oshiomhole, who represents Edo North Senatorial District, made the allegation on Monday during an interview on…
The vast and rugged expanse of the Old Oyo National Park has emerged as the central obstacle frustrating efforts to free more than 45 pupils and teachers seized from three schools in Oriire Local Government Area, one month after gunmen stormed their classrooms. Governor Seyi Makinde, in his Newsletter No. 140 released on Friday,…
