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A recent media brief from the Federal Ministry of Finance has revealed a sobering reality for Nigeria’s national budget: over the last two years, the cost of paying back debt has systematically starved capital projects of funding. Between 2024 and 2025, the Federal Government spent ₦27.2tn on debt servicing, outstripping capital expenditure by ₦3.9tn. While…
The Nigerian Naira opened the second week of March 2026 with a show of resilience, trading at 1,391.58 per dollar in the official Nigerian Foreign Exchange Market (NFEM) on Monday, March 9, 2026. This represents a slight appreciation from the 1,398.00 closing rate recorded last Friday. Market transparency remains at an all-time high as the…
The Nigerian equities market closed the first week of March 2026 on a bullish trajectory, as the All-Share Index (ASI) surged 2.14% week-on-week to settle at an all-time high of 196,968.15 points. This rally, which added approximately ₦2.67 trillion to investor wealth, was primarily fueled by a dramatic spike in global crude oil prices. As…
A shipment of liquefied natural gas (LNG) from Nigeria has been diverted from its European course to Asia, as traders move to capitalise on a massive price premium in the Pacific. Shipping data from Kpler shows the tanker BW Brussels, which loaded at the Bonny Island terminal on February 27, abandoned its westward route toward…
Iran has appointed Mojtaba Khamenei as its new Supreme Leader following the death of his father, Ayatollah Ali Khamenei, in a recent U.S.-Israeli strike. The 88-member Assembly of Experts finalised the appointment this morning, marking the first dynastic succession since the 1979 Islamic Revolution. Mojtaba, a hardline cleric with deep institutional ties to the Islamic…
The Senate Committee on Public Accounts has rejected the financial explanations provided by the Nigerian National Petroleum Company Limited (NNPCL) regarding ₦210 trillion in unaccounted funds. Committee Chairman Aliyu Wadada announced on Sunday Politics that the current leadership, led by Group CEO Bayo Ojulari, failed to substantiate two massive entries in the company’s 2017–2023 audited…
Global oil benchmarks have shattered the $100 barrier, with Brent crude surging to $114.86 per barrel during Monday morning trading. This 23% single-day spike follows a dire warning from Goldman Sachs that prices could reach $150 by the end of March if the “effective blockade” of the Strait of Hormuz persists. The investment bank noted…
HerStory International successfully hosted its first HerStory Digital Community Dialogue in commemoration of International Women’s Day, bringing together distinguished speakers, professionals, advocates, and members of the public for an engaging and thought-provoking conversation on women’s voices, rights, and leadership. The event, which was held today, Sunday, 8th March 2026, started at 4:00 p.m., and lasted…
Nigeria’s worsening security situation has pushed the country into one of the most consequential governance debates of the Fourth Republic: whether the time has come to decentralise policing. Across the country, communities face daily threats from insurgency, banditry, kidnapping, farmer–herder conflicts, and organised criminal violence. Yet the responsibility for policing over 200 million citizens remains…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has attributed the latest surge in fuel pump prices to the “vagaries of market forces” following the escalation of the US-Israel-Iran war. NMDPRA spokesperson George Ene-Ita stated on Sunday that under the current deregulated regime, the government no longer dictates prices. Instead, local costs are directly…
