The Federal Government reduced its debt service spending sharply in early 2026. Payments dropped by 38.5 per cent year-on-year to $405.3 million in January 2026, down from $659.7 million recorded in January 2025. Data from the Central Bank of Nigeria (CBN) International Payments Report revealed the decline. Nigeria also recorded a slight drop in total …
Stakeholders in Nigeria’s maritime sector say the Middle East crisis may disrupt cargo movement into Nigerian ports. They also warn that prolonged conflict could raise shipping costs and worsen inflation across Nigeria and West Africa. Industry operators say the crisis already affects global shipping routes. Chairman of the Shipping Association of Nigeria, Boma Alabi, said …
*CP Dantawaye urges officers to uphold professionalism as partnerships strengthen security across the capital.* Security infrastructure in the Federal Capital Territory received a boost on Wednesday as the Commissioner of Police, FCT Command, Miller G. Dantawaye, commissioned two newly built police outposts and laid the foundation for another within the Lugbe axis of Abuja. …
The Federal Government has begun evacuating Nigerian nationals who wish to leave Iran following rising tensions in the Middle East. Officials are escorting the evacuees through the border with Armenia to ensure their safety. The Chairman and Chief Executive Officer of the Nigerians in Diaspora Commission (NiDCOM), Abike Dabiri-Erewa, confirmed the development in a post …
The Director of the Nigeria National Single Window, Tola Fakolade, has highlighted the benefits of the new government initiative, saying it will simplify trade processes, streamline import and export documentation, and strengthen Nigeria’s competitiveness in global trade. Fakolade also assured stakeholders that the platform would not interfere with the statutory revenue collection responsibilities of agencies …
The Nigeria Revenue Service (NRS) has set up a Curriculum Review Committee to strengthen taxation education in Nigerian institutions and improve the country’s tax administration system. The agency inaugurated the committee on February 24, 2026, at the NRS Academy in Durumi. The move forms part of efforts to modernise tax education and align academic …
Nigerians are grappling with renewed economic pressure after oil marketers raised the pump price of Premium Motor Spirit (PMS), popularly known as petrol, to as high as ₦1,330 per litre at some filling stations, intensifying the burden on commuters and transport operators already struggling with rising cost of living. The ripple effects of regional conflicts …
A viral video circulating on TikTok has sparked anxiety among parents after a mother claimed that excessive consumption of soy-based baby milk could damage infants’ kidneys, weaken bones, and cause bloating. The video, which features a container labelled Baby Wonder Soya Plus placed on top of a bucket of soybean pap powder, shows the mother …
Africa is beginning to feel the economic consequences of the escalating Middle East conflict as the United States and Israel continue to launch attacks on Iran, triggering fresh volatility in global oil markets. The tensions have already pushed oil prices up by about 10 percent, raising concerns across African economies that remain heavily dependent on …
The Tunisian government has unveiled plans to undertake a major expansion of its main international gateway, Tunis–Carthage International Airport estimated at $1 billion, as the North African country seeks to modernise air transport infrastructure and strengthen its tourism industry. In a statement, the Tunisia Ministry of Transport said the project forms part of a broader …
