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The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has warned that Nigeria’s current economic trajectory is failing the poor. Speaking virtually at the Nigeria Business Summit 2026 in Lagos, Edun noted that while average yearly GDP growth has climbed from 2% to 4%, the uptick remains too shallow to lift millions…
The Nigeria Sovereign Investment Authority (NSIA) has reported a bruising 91% drop in annual profit, as the era of easy gains from naira devaluation came to an abrupt halt. Net income for the 2025 financial year fell to $107.03m, a staggering descent from the $1.24bn recorded in 2024. The state-owned fund, which manages Nigeria’s oil…
US President Donald Trump has issued a 48-hour deadline for Iran to reopen the Strait of Hormuz or face “all-out hell” through overwhelming military action. The ultimatum, posted on Truth Social on Easter Sunday, follows six weeks of a joint US-Israeli campaign that has rattled global oil markets and left thousands dead. Trump’s warning coincides…
An early morning explosion at the Mando Motor Park in Kaduna has destroyed a luxury bus, raising fresh concerns over the safety of compressed natural gas (CNG) technology. The incident occurred around 3:00 am on Sunday when a bus belonging to Silver Luxury Transport Company caught fire, and the blaze quickly spread to two newly…
Bayero University, Kano (BUK), has announced the passing of Hadiza Jega, the wife of former Vice-Chancellor and former Chairman of the Independent National Electoral Commission (INEC), Professor Attahiru Jega. The university confirmed her death in a statement released on Sunday, 5 April 2026. Mrs Jega was a prominent figure within the university community during her…
Former President Goodluck Jonathan led a chorus of Nigerian leaders this Easter, calling for selflessness and a retreat from narrow personal interests. In a series of official messages, Mr Jonathan, alongside the Minister of Housing and several state governors, urged a weary public to draw inspiration from the themes of sacrifice and renewal. The appeals…
Terrorists have killed at least seven worshippers and abducted dozens more in a coordinated Easter Sunday attack on two churches in Kaduna State. Heavily armed gunmen stormed the Ariko community in Kachia Local Government Area during the early morning hours, targeting the First ECWA Church and St. Augustine Catholic Church. Local officials report that the…
The Nigerian Navy has intercepted 15,000 litres of illegally refined petroleum and rescued a kidnapped man during a sweep of the Rivers State waterways. Personnel from Forward Operating Base Bonny recovered Mr Benedict Eze at Coconut Jetty after his captors abandoned him under the pressure of naval intelligence. Mr Eze had been abducted from the…
The Federal Government of Nigeria has announced the acquisition and planned launch of two earth-monitoring satellites, Sat 2A and Sat 2B, scheduled for 2028 and 2029. President Bola Tinubu approved the project to bolster national security and provide real-time intelligence along the country’s borders. Dr Bosun Tijani, Minister of Communications, Innovation, and Digital Economy, confirmed…
Russia has launched its largest evacuation of personnel from Iran’s Bushehr nuclear power plant after a US-Israeli projectile struck near the facility on Saturday morning. The Russian state nuclear agency, Rosatom, moved 198 workers by bus toward the Iranian-Armenian border just 20 minutes after the explosion. This marks the third withdrawal of Russian staff from…
