The Federal Government of Nigeria plans to raise N750 billion through bond re-opening auctions scheduled for March 30, 2026. The Debt Management Office (DMO) disclosed the offer on Wednesday, noting that the settlement is set for April 1, 2026. According to DMO, the offer consists of a N250 billion 5-year bond at a 17.94 per …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has taken significant steps to boost the country's oil production, approving a major new exploration license while also streamlining the process for bringing idle wells back online. The Commission signed a Petroleum Exploration Licence (PEL) No. 5 agreement with a partnership led by SeaSeisGeophysical Limited and global data company TGS. According …
Ahead of its national convention, the All Progressives Congress (APC) on Wednesday conducted zonal congresses across the six geopolitical zones, producing new executives. and reinforcing support for President Bola Tinubu as the 2027 general election draws closer. The congresses serve as a prelude to the party’s national convention scheduled for March 27 and 28 in …
The Central Bank of Nigeria (CBN) says it is set to review the Federal High Court judgement on its 2024 intervention in Union Bank of Nigeria Plc, signalling possible next steps after the ruling. In a statement issued Wednesday and signed by its acting director of corporate communications, Hakama Sidi Ali, the apex bank said …
The Chief Executive Officer and Managing Director of the Dangote Petroleum Refinery, David Bird, has again raised concerns about the shortage of domestic supply of crude oil to the refinery. Bird said the 650,000-barrels-per-day refinery is only getting about 30 per cent of the expected crude supply for its feedstock under the Naira-for-crude deal. Bird, …
The Central Bank of Nigeria (CBN) has removed its cash pooling requirement for International Oil Companies (IOCs), allowing them unrestricted access to their export earnings in a move aimed at boosting liquidity in the foreign exchange market. In a statement issued on Wednesday and signed by the Director of the Trade and Exchange Department, Musa …
Fresh efforts to reconcile warring camps within the Peoples Democratic Party (PDP) have begun, as leaders push for unity ahead of the party’s planned national convention scheduled for March 29–30, 2026. The faction led by Tanimu Turaki, with backing from PDP governors, confirmed on Wednesday that a renewed peace process is underway to address lingering …
Nigeria attracted $23.21 billion in foreign capital in 2025, marking an 88.5 per cent increase from $12.31 billion recorded in 2024. The National Bureau of Statistics (NBS) disclosed this in its Capital Importation Report for 2025. The data reflects renewed investor interest in the economy. Capital inflows started the year at $5.64 billion in the …
On the surface, Nigeria’s fight against tuberculosis appears to be holding steady. With a 94 percent treatment success rate and expanded diagnostic capacity, health authorities say progress is being made. But beneath that progress lies a largely invisible threat, thousands of undiagnosed infections quietly spreading across communities. In 2025 alone, Nigeria recorded 440,000 tuberculosis cases, …
Despite a significant surge in revenue in Nigeria's power sector over the past two years, millions of citizens continue to endure erratic electricity supply, raising fresh concerns about the effectiveness of ongoing reforms and investments in the sector. Nigeria’s Minister of Power, Adebayo Adelabu, revealed that the sector’s revenue has more than doubled in the …
