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Global renewable energy capacity reached an unprecedented 5,149 gigawatts in 2025, marking a watershed moment in the worldwide transition away from fossil fuel dependence. The International Renewable Energy Agency disclosed the figures in its Renewable Capacity Statistics 2026 report, which documents the addition of 692 GW during the year and positions renewables as the dominant…
The Nigerian DJ Association has announced an immediate boycott of music by Grammy-winning Afrobeats artist Burna Boy, following reports of a physical confrontation between the singer and prominent disc jockey DJ Tunez at a Lagos nightlife venue. The decision marks a rare instance of collective industry action against a major Nigerian artist and has intensified…
Global oil price hikes could drive Nigeria’s headline inflation up by 3.1 percentage points as the Middle East conflict continues to batter energy markets. In its latest Nigeria Development Update, the World Bank warned that the conflict has pushed crude prices to $80 per barrel, a 31% increase since hostilities began. This surge is already…
The Central Bank of Nigeria (CBN) has declared the country’s development finance sector critically undersized and in urgent need of a total overhaul. Speaking at the World Bank’s Nigeria Development Update in Abuja, CBN Deputy Governor Mohammed Sani Abdullahi revealed a staggering ₦230 trillion financing gap for micro, small, and medium enterprises (MSMEs). Nigeria’s current…
Pretoria has adopted a policy of digital border enforcement, refusing entry to three Nigerian nationals at Johannesburg’s OR Tambo International Airport on Sunday. The group, which included media personality Yemi Firstson, was intercepted by immigration officials despite holding valid tourist visas for the Easter period. South African authorities clarified on Monday that the denials were…
Former Vice President Atiku Abubakar has confirmed that the African Democratic Congress (ADC) remains the vehicle of choice for the opposition’s 2027 electoral bid. In a BBC Hausa interview aired on Wednesday, Atiku dismissed suggestions that the coalition might abandon the party due to its ongoing internal leadership disputes. He noted that the coalition movement…
The fragile two-week ceasefire between Washington and Tehran will not extend to the Lebanese front, according to the Israeli Prime Minister. Benjamin Netanyahu clarified on Wednesday that while Israel supports the American effort to neutralise the Iranian nuclear and missile threat, its own military campaign against Hezbollah continues unabated. This distinction sets Jerusalem at odds…
The African Democratic Congress (ADC) has accused the Federal Government of using state security apparatus to launch a “troubling pattern of abuse” against former Kaduna Governor Nasir el-Rufai. At a press conference in Kaduna on Tuesday, party leaders claimed the government is orchestrating a campaign of harassment to dismantle opposition influence. This alarm follows a…
British Prime Minister Keir Starmer will travel to the Gulf region on Wednesday for high-level consultations aimed at consolidating a fragile ceasefire in the Middle East and securing the strategic Strait of Hormuz, Downing Street announced. The diplomatic mission follows the overnight confirmation of a ceasefire agreement in the prolonged conflict that has destabilised…
The Nigerian Naira opened trading on Wednesday, April 8, 2026, with modest appreciation against the United States Dollar at the Nigerian Foreign Exchange Market, even as the parallel market continued to trade at a significant premium. The divergence between official and unofficial exchange rates highlights persistent structural pressures within the domestic foreign exchange ecosystem….
