U.S. President Donald Trump has announced a five-day pause on planned military strikes targeting Iranian energy infrastructure, following what he described as “very productive” talks with Iran. In a post on his Truth Social platform on Monday, Trump said recent engagements between the United States and Iran over the past two days had yielded positive …
The Nigeria Labour Congress (NLC) has proposed the merger of the Ministries of Petroleum and Power into a single Ministry of Energy as a long-term solution to Nigeria’s persistent electricity challenges. The labour union also rejected the Federal Government’s proposed N6 trillion bailout for electricity generation and distribution companies (GenCos), describing it as ineffective and …
Nigeria has attracted over $2.6 billion in foreign direct investment (FDI) into its mining sector within the past two years, Minister of Solid Minerals Development, Dele Alake, has revealed. He credited the surge to sweeping reforms, including improved governance, digitisation of licensing processes, and a sustained crackdown on illegal mining activities. Speaking at the Powering …
In a move that has sent shockwaves across African football, the Confederation of African Football (CAF) has stripped Senegal of the 2025 Africa Cup of Nations (AFCON) title and awarded it to Morocco months after the final was played. The ruling, following Morocco’s appeal over Senegal’s temporary walk-off during the chaotic January final, has ignited …
The Lagos Chamber of Commerce and Industry (LCCI) says the marginal decline in Nigeria’s inflation rate provides cautious optimism for businesses and households, even as persistent risks threaten to reverse the fragile progress. Reacting to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS), the Chamber noted that headline …
The Nigeria Security and Civil Defence Corps (NSCDC) is deploying over 53,500 personnel across the country to ensure a peaceful Eid-ul-Fitr celebration, the Commandant General, Prof. Ahmed Audi, has announced. According to the Corps’ Public Relations Officer, Babawale Afolabi, the deployment includes tactical and intelligence officers in all 36 states and the Federal Capital Territory …
Nigeria’s oil production declined by nine per cent month-on-month to 1.483 million barrels per day (bpd) in February 2026, down from 1.627 million bpd recorded in January. This is according to the latest report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which tracks crude oil and condensate production. On a year-on-year basis, output also …
Nigeria and the United Kingdom have achieved an all-time high in bilateral trade, reaching £8.1 billion annually. This growth is expected to create hundreds of jobs as Nigerian banks, fintech firms, and creative industry businesses expand operations in the UK. UK’s Twinings Ovaltine opened a £24 million manufacturing facility in Lagos, the first of its …
Nigeria’s textile industry faced a sharp downturn in 2025 as export earnings collapsed by 55.25 per cent to N16.55 billion from N36.98 billion in 2024, even as the nation’s importation of textile products surged to N1.061 trillion, up 46.11 per cent from N726.18 billion the previous year. Data from the National Bureau of Statistics (NBS) …
Nigeria’s supply of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, declined by 8.5 per cent month-on-month to 4.7 metric tonnes per day in February 2026, down from 5.1 metric tonnes recorded in December 2025. This is according to the latest factsheet released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The …
