Senate Passes Factoring Bill to Boost MSME Credit

Senate Blocks Motion to Investigate Defense Funding

The Nigerian Senate has rejected a legislative motion seeking a comprehensive probe into national military spending and defense procurement. Lawmakers defeated the proposed investigation during a tense plenary session following strong pushback from the chamber’s leadership. The upper house argued that exposing detailed defense expenditure during active operations could compromise national security and weaken troop…

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Naira Sinks to N1400 per Dollar in the Parallel Market

Naira Skids to N1,398 Against Dollar

The Nigerian naira lost its recent momentum on the parallel market, dipping to N1,398 against the United States dollar. Bureau de Change operators across major street markets reported the slide following a fresh surge in corporate and retail foreign exchange demand. The minor depreciation halts a brief period of appreciation that had pulled the local…

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Gunmen Attack NIPSS Kuru, Kill Three

Gunmen Attack Immigration Office in Ogbomoso

Armed hoodlums have attacked the Nigeria Immigration Service passport front office in Ogbomoso, Oyo State, escaping with an operational rifle and personal valuables. The assailants breached the facility at approximately 10:00 p.m. on Tuesday night during a period of low administrative activity. The gunmen overpowered the personnel deployed to secure the facility before ransacking the…

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Police Arrest INEC Staff Over Leak Of Voter Records Shared by FCT Minister Aide

  The Nigeria Police Force has opened an investigation into allegations of unauthorised access and leakage of classified voter information from the Independent National Electoral Commission database resulting in the arrest of an INEC electoral officer and the questioning of Lere Olayinka the media aide to the Minister of the Federal Capital Territory Nyesom Wike….

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NERC Rolls Out Net Billing Regulations 2026 For Solar Power Exports

The Nigerian Electricity Regulatory Commission has commenced its Net Billing Regulations 2026 creating a framework that permits electricity consumers to generate power from renewable sources mainly solar photovoltaic systems and export surplus energy to the national grid under a structured billing arrangement. In a statement on its verified social media handle the commission said the…

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