The President of the European Commission, Ursula von der Leyen, on Monday warned that the ongoing war involving Iran is already affecting Europe, citing rising energy prices, security threats and disruptions to global trade. Speaking to European Union ambassadors, von der Leyen said the ripple effects of the conflict are spreading beyond the Middle East. …
The Rivers State House of Assembly on Monday screened and confirmed five out of the nine commissioner nominees submitted by Governor Siminalayi Fubara, while rejecting four others. The lawmakers approved five of the nominees as commissioners-designate after a screening exercise that lasted more than two hours. Speaker of the House, Martin Amaewhule, who presided over …
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has reportedly traced several luxury properties in Egypt to former Kaduna State Governor, Nasir El-Rufai. According to TheCable, investigators discovered the properties during an ongoing probe into El-Rufai’s activities while he governed Kaduna State from 2015 to 2023. Investigators reportedly identified three villas and six …
FCMB Group Plc has completed the capital raise programme for its banking subsidiary, First City Monument Bank Limited, after securing ₦242.8 billion to meet the new capital requirement for an international banking licence. It announced this in a statement issued on Sunday, March 8, and signed by the Group Chief Executive, Ladi Balogun. The financial …
Rising global crude oil prices triggered by the escalating U.S.–Iran war are putting renewed pressure on domestic fuel prices in Nigeria, raising concerns about inflation and the cost of living across the country. Global oil benchmark has surged past the $100 per barrel mark for the first time in years as conflict in the Middle …
The Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf, has explained why the existence of domestic refineries does not automatically guarantee cheaper petrol and other petroleum products. Yusuf explained the rationale in a policy brief released on March 9, stressing that global crude oil prices remain the dominant …
Dangote Refinery has halted loading of Premium Motor Spirit (PMS), also known as petrol, fueling speculations of a further increase in its ex-depot price of the product. Tanker drivers who had reportedly queued at the facility have been asked to leave the premises, as all operations are currently suspended. The fear comes from a similar …
Every year on March 8, the world pauses to recognise the courage, creativity, and contributions of women across the world. In 2026, International Women’s Day (IWD) comes under the global campaign theme “Give To Gain,” a reminder that when individuals and societies invest in women with opportunities, resources, skills, mentorship, and unwavering support, everyone benefits …
Despite a steady installation of meters throughout 2025, not less than 5.2 million electricity customers across the country remain unmetered, leaving them subject to the controversial estimated billing system. This figure was revealed in the latest Metering Factsheet released recently by the Nigerian Electricity Regulatory Commission (NERC). This significant metering gap persists even as the …
Nigeria's electricity Distribution Companies (DisCos) generated a total revenue of ₦207.49 billion in December 2025. Despite the substantial income, the sector recorded a significant revenue shortfall of ₦51.17 billion. This is according to the latest Commercial Performance Factsheet released by the Nigerian Electricity Regulatory Commission (NERC). The revenue loss highlights persistent collection inefficiencies even as …
