Millions of Nigerian households and businesses are bracing for a potential spike in electricity tariffs as the Federal Government officially increased the price of natural gas supplied to power generation companies (GenCos). The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) disclosed on Tuesday, in a public announcement, that the Domestic Base Price (DBP) for …
Nigeria is once again in the grip of grief and fear as fresh attacks in 2026 have left communities shattered and families buried in mourning, with no clear end in sight. The deadly Palm Sunday attack in Agwan Rukuba community in the Jos North Local Government Area of Plateau State has become the latest symbol …
The federal government has said the recent killings in the Angwan Rukuba area of Jos North LGA of Plateau State occurred in a conflict-prone community and do not indicate a breakdown of national security. At least 28 residents were killed in the attack on Sunday. Speaking at a press conference on Tuesday at Radio House …
Nigeria’s total public debt is projected to rise to ₦155.1 trillion following the Senate’s approval of a fresh $6 billion loan request by President Bola Ahmed Tinubu. The approval, granted within hours, adds about ₦8.4 trillion at an exchange rate of ₦1,400 per dollar to the country’s debt stock, which stood at ₦146.69 trillion as …
No fewer than 241 people died, while 459,995 others were affected by floods across 27 states and 128 local government areas in 2025, the National Emergency Management Agency (NEMA) has said. The agency noted that the impact was lower than in the previous year. It linked the improvement to better planning and response. Speaking in …
Global oil prices spiked sharply as tensions around the Strait of Hormuz raised fears of supply disruption. Brent crude rose to $118.2 per barrel, while WTI climbed to $102.5, creating a wide gap between the two benchmarks. The surge followed remarks by Donald Trump, who urged countries facing jet fuel shortages due to the disruption …
Ongoing tensions in the Strait of Hormuz are disrupting global energy and fertilizer flows. Shipping through the key waterway has dropped the by over 95 per cent. This sharp decline is affecting oil, gas, and fertilizer movement worldwide. Energy prices have surged across regions due to the disruptions. Higher oil and gas costs are pushing …
Bolaji Tunji, special adviser on strategic communications and media to the minister of power, Bayo Adelabu, has dismissed reports claiming his principal has resigned from office. A letter that circulated on Tuesday, March 27, alleged that Adelabu had stepped down as minister to pursue the Oyo State governorship in 2027. The document, purportedly addressed to …
Nigeria’s economic activity continued to grow in March 2026, showing the 16th consecutive month of expansion. This is according to the latest Purchasing Managers’ Index (PMI) report from the Central Bank of Nigeria (CBN). It shows that the composite PMI stood at 53.2 points, reflecting broad-based growth as 31 of the 36 surveyed subsectors reported …
The Federal High Court in Kaduna on Tuesday adjourned the hearing of the bail application filed by former Kaduna State governor, Nasir El-Rufai, to Wednesday. Counsel to the former governor, Ukpong Abang (SAN), confirmed the development while speaking to journalists after the session but declined further comment. “I’m sorry, I can’t talk now; we are in …
