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S&P Global Ratings raised Nigeria’s long-term sovereign credit rating to ‘B’ from ‘B-‘, citing three years of sustained structural adjustments. The American ratings agency affirmed the short-term outlook as stable. This decision follows similar upward revisions by Fitch Ratings and Moody’s Investors Service, signaling a broader recovery of international confidence in the management of the…
The Federal High Court in Abuja has convicted former Minister of Power Saleh Mamman for laundering ₦33.8 billion. Justice James Omotosho found the former official guilty on all twelve counts brought by the Economic and Financial Crimes Commission. The judgment reveals a systematic looting of funds meant for the Mambilla and Zungeru hydroelectric projects. While…
The Senate confirmed Olasunkanmi Tegbe as Power Minister on Wednesday, handing him the most poisoned chalice in the cabinet. Lawmakers demanded an immediate end to the national grid collapses that have made a mockery of Nigeria’s industrial goals. The grid has failed so often that it is now a predictable feature of national life rather…
Sokoto health officials have confirmed that 33 children died following an outbreak of cerebrospinal meningitis. The state recorded 256 suspected cases across eight local government areas since the disease resurfaced last month. Sabon Birni is the worst hit with 63 cases, followed closely by Wamakko and Shagari. Most deaths occurred at home because parents initially…
The African Democratic Congress has unveiled its schedule for the 2026 primary elections, setting out timelines for nomination, screening, appeals, and voting across elective offices as preparations for the 2027 general elections gather pace. Details of the timetable were contained in a statement issued on Sunday by the party’s National Publicity Secretary, Bolaji Abdullahi….
Nigeria has pledged its total commitment to OPEC and the OPEC+ alliance. This move follows the departure of the United Arab Emirates (UAE) from the oil cartel on 1 May 2026. Officials in Abuja spent Friday insisting that collective action remains the best way to handle market volatility. They claim that the Declaration of Cooperation…
Nigeria’s data regulator recently folded its own digital shutters to survive a wave of aggression. The National Data Protection Commission (NDPC) endured 1,500 hacking attempts in a short window, forcing a temporary network shutdown. Dr Vincent Olatunji, the National Commissioner, confirmed the breach attempts during a training session in Lagos. This blackout was a defensive…
The Nigerian naira is showing resilience at the official window this Wednesday, April 29, 2026, trading around the ₦1,360 mark. Market data confirms a period of relative stability, with the currency hovering near ₦1,360.19 per dollar. While official channels maintain this tight band, the parallel market remains under persistent pressure, with rates reported between ₦1,480…
The Nigerian government has secured agrément, the formal consent of host nations, for 33 of the 65 ambassadors nominated by President Bola Tinubu. Thirty-two nominees remain in bureaucratic limbo, awaiting the green light from their assigned countries. The Ministry of Foreign Affairs confirms that the successful 33 will depart for their missions immediately following the…
Nigerian superstar Davido has added another accolade to his collection, clinching the “Best International Act” title at the 2026 Liberian Entertainment Awards (LEA). The ceremony, held on April 25 at the Lisner Auditorium in Washington, DC, saw the singer triumph over a competitive field that included Tyla, Gunna, Rema, and Fridayy. This recognition serves as…
