Delegation to inspect industrial hub as Nigeria seeks to revive textile sector. Vice President Kashim Shettima on Thursday travelled to the Republic of Benin on a working visit aimed at exploring strategies for reviving Nigeria's struggling textile industry. According to a statement by the Senior Special Assistant to the Vice President on Media and …
As electricity demand rises in Nigeria, the presidency has stated that the country needs to increase annual investment in the power sector to $12 billion through 2045 to achieve reliable electricity. This, it said, means the country is recording an annual power investment deficit of about $11 billion, as only $1 billion is currently being …
An Enugu Air aircraft suffered a runway excursion shortly after landing at Benin Airport on Thursday. Fortunately, all passengers and crew members on board disembarked safely without any reported injuries or casualties. A video shared on social media showed the aircraft lying on muddy ground as passengers struggled to disembark. In a statement, the airline …
Dangote Petroleum Refinery and Petrochemicals has successfully closed a landmark $2.5 billion private equity placement, marking what is believed to be Africa's largest publicly disclosed primary equity private placement by value. In a statement released on Thursday, the company said the offering, which was oversubscribed by 3.7 times relative to the initial offer size, represents …
Credit to Nigeria’s private sector rose by 2.8 per cent month-on-month to N83.3 trillion in June 2026, from N81 trillion in May, amid a broader expansion in domestic credit and money supply. The latest Money and Credit Statistics released by the Central Bank of Nigeria (CBN) showed that the increase in private sector lending was …
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR) at 26.5 per cent, choosing to keep monetary policy tight as rising geopolitical tensions in the Middle East continue to threaten inflation and global economic stability. The decision was taken at the committee's 306th meeting, …
The 2026 FIFA World Cup will be remembered not only for Spain’s dramatic triumph over Argentina in the final but also for the remarkable individual achievements that reshaped the tournament’s record books. From Lionel Messi’s multiple milestones and Kylian Mbappé’s rise to become the competition’s all-time leading scorer to Cristiano Ronaldo’s unprecedented sixth World Cup …
Farmers in the Federal Capital Territory (FCT), under the aegis of the All Farmers Association of Nigeria (AFAN), FCT Chapter, have raised the alarm over the alleged delay in the release of 6,800 bags of free fertiliser meant for the 2026 wet-season farming. According to a report by Vanguard, the fertiliser was reportedly provided under …
Former Kano State Governor and Nigeria Democratic Congress (NDC) vice-presidential candidate Rabiu Kwankwaso says he believes the party's presidential candidate, Peter Obi, will honour his commitment to serve only one four-year term if elected in the 2027 presidential election. Kwankwaso disclosed this during an interview on Channels Television, revealing that both leaders signed a written …
The House of Representatives has commenced a clause-by-clause consideration of President Bola Tinubu's executive bill seeking to establish state police, with lawmakers indicating they may adopt the version already passed by the Senate with only minor amendments. Speaking at the meeting of the House Committee on Constitution Review in Abuja on Monday, the Deputy Speaker …
