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 …
A Federal High Court in Abuja has sentenced Anamekwe Nwabuoku, former acting accountant-general of the federation, to 72 years in prison for money laundering. Delivering judgment on Monday, trial judge James Omotosho held that the Economic and Financial Crimes Commission (EFCC) successfully proved its case against the former government official. Nwabuoku had been arraigned on …
Two academics and a public relations practitioner have called for greater intellectual contribution to Nigeria’s development, as they formally join The Nigerian Economy Newspaper as regular contributors. The new columnists—Dr Felix Ijeh, Ewere Okonta and Blaise Udunze—are expected to strengthen the publication’s coverage of economic and social policy as it expands its digital media footprint. …
The Dangote Petroleum Refinery has reached a major export milestone, shipping 456,000 tonnes of refined petroleum products to five African countries. This development follows the achievement of full production capacity of 650,000 barrels per day (bpd) in February by the refinery. Twelve cargoes of petroleum products were delivered to Côte d’Ivoire, Cameroon, Tanzania, Ghana, and …
A former senator and ex-ADC gubernatorial candidate in Adamawa state, Abdulaziz Nyako, has defected from the African Democratic Congress (ADC) to the All Progressives Congress (APC). Nyako, who represented Adamawa Central Senatorial District from 2015 to 2019, announced his return to the APC on Saturday when Ahmadu Fintiri visited his residence in Yola, the state …
The Governor of Oyo State, Seyi Makinde, has alleged that members of a faction of the Peoples Democratic Party (PDP) aligned with Nyesom Wike are working in support of the re-election bid of President Bola Ahmed Tinubu. Makinde made the claim on Sunday during a closed-door meeting at the Bauchi Government House with Bala Mohammed …
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 …
The Securities and Exchange Commission and the National Youth Service Corps have signed a Memorandum of Understanding to educate corps members on the dangers of fraudulent investment schemes and promote safe investment habits. The agreement was signed in Abuja by SEC Director-General Emomotimi Agama and NYSC Director-General Olakunle Oluseye Nafiu, according to a statement on …
The Centre for the Promotion of Private Enterprise (CPPE) has warned that rising petrol prices, driven by global oil shocks, could reverse Nigeria’s fragile progress in slowing inflation, calling for urgent government action to cushion the impact on households and businesses. In its February 2026 inflation brief issued by its Chief Executive Officer, Muda Yusuf, …
