The U.S. dollar edged higher on Tuesday but struggled to gain momentum as investors focused on Wednesday’s Federal Reserve interest rate decision and stayed alert to possible coordinated currency intervention by U.S. and Japanese authorities. Recent moves in the foreign exchange market have centred on the Japanese yen, which has rallied by as much as …
The power grid has collapsed again, causing a nationwide blackout. This comes four days after the first major incident in 2026. Electricity supply from the grid to distribution companies (DisCos) across the country dropped to 0.00 megawatts (MW) from over 4,000MW on Tuesday morning, reflecting a nationwide power outage. Real-time data displayed on the Nigerian …
Meta Platforms, TikTok and YouTube will go on trial this week over claims that their platforms fuel youth addiction and harm mental health. The case marks a new phase in the debate over children’s screen time and social media use. The bellwether trial will take place at the California Superior Court in Los Angeles County. …
The All Progressives Congress (APC) has dismissed reports suggesting that Vice-President Kashim Shettima may be replaced as President Bola Tinubu’s running mate ahead of the 2027 general election. In a statement issued on Monday, Felix Morka, national publicity secretary of the party, described the reports as “speculative, untrue and utterly baseless”. According to the APC, …
Anambra State Governor, Prof. Chukwuma Soludo, has ordered the closure of the Onitsha Main Market for one week over failure of traders to stop observing sit-at-home on Mondays. Justifying his action, Soludo, in a statement posted on his X handle on Monday, January 26, described the persisting Monday sit-at-home as “economic sabotage.” The governor, who …
Kano State Governor Abba Kabir Yusuf has officially joined the All Progressives Congress (APC). The move was formalized on Monday, January 26, 2026, at a ceremony held at the Coronation Hall of the Kano State Government House. This comes three days after Yusuf announced his resignation from the New Nigeria People's Party (NNPP), a platform …
The Federal High Court in Abuja has adjourned hearing in the final forfeiture proceedings over a London property linked to the late Jeremiah Useni, former minister of the Federal Capital Territory (FCT), to February 25. In 2025, the Code of Conduct Bureau (CCB) filed an ex parte application seeking an interim forfeiture and preservation order …
Twenty-one members of the Kano State House of Assembly have formally defected from the New Nigeria Peoples Party (NNPP) to the All Progressives Congress (APC). The lawmakers announced their defection on Monday, days after Abba Yusuf, governor of Kano State, officially resigned from the NNPP. Yusuf’s resignation followed shortly after his meeting with President Bola …
Unilever Nigeria Plc is grappling with at least six major issues that are shaping its financial stability and business strategy, according to its latest financial disclosures. The challenges include rising costs, currency risks, restructuring efforts, and market concentration, as shown in the company’s unaudited results for the year ended December 31, 2025. It revealed that …
Nigeria’s digital economy faces a growing threat from a shortage of skilled manpower, putting an estimated $11 billion in annual industry revenue at risk. Experts warn that the skills gap also threatens Nigeria’s goal to increase the Information and Communication Technology (ICT) sector’s contribution to Gross Domestic Product (GDP) to 21 per cent by 2027. …
