Despite the Central Bank of Nigeria’s (CBN) decision to keep its benchmark interest rate unchanged, economic experts warn that Nigeria may be staring at a prolonged period of high borrowing costs, as stubborn inflation, rising geopolitical tensions and shifting global capital flows continue to threaten growth and cloud the economic outlook. At the end of …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has raised the alarm over fraudulent social media accounts impersonating its Chief Executive, Mrs. Oritsemeyiwa Eyesan. The Commission, in a statement issued on Thursday, May 21, by the Head, Corporate Communications and Media, Eniola Akinkuotu, said there are currently 15 such fake accounts across social media platforms (X, …
Nigerian airlines have raised their minimum airfares to as high as ₦200,000 for one-way domestic tickets as the persistent hike in aviation fuel, also known as Jet A1, continues to affect operations. Routes such as Lagos–Abuja, Lagos–Port Harcourt, and Lagos–Enugu now commonly exceed ₦200,000 for one-way economy tickets on several carriers. The high cost of …
The Nigeria Deposit Insurance Corporation (NDIC) has restated its commitment to talent development and stronger collaboration between academia and industry through a structured leadership exposure programme aimed at preparing future business leaders for real-world corporate challenges. The initiative, known as the Executive Industry Immersion Challenge (EIIC), was organised in partnership with the Nile Business School, …
The Chairman and Chief Executive Officer of the National Drug Law Enforcement Agency (NDLEA), Brig.-Gen. Mohamed Buba Marwa (retd.), has warned that Nigeria risks a deepening social crisis if citizens fail to confront the growing pop culture that glamorises drug abuse among young people. Marwa issued the warning on Thursday in Abuja during the official …
Dangote Petroleum Refinery and Petrochemicals is set to go to the capital market with its initial public offering (IPO) in September, driven by overwhelming investor demand. President of the Dangote Group, Aliko Dangote, who gave the confirmation on Wednesday, said investor demands have reached $2 billion for the planned private placement, reflecting massive market confidence …
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has stepped up its implementation of the Host Community Development Trust (HCDT) framework with the launch of a new digital portal designed to enhance transparency and accountability. The initiative, established under the Petroleum Industry Act (PIA) of 2021, was officially unveiled on Wednesday during a stakeholder …
Nigeria’s electricity metering rate rose to 58.57 per cent in February 2026, up from 57.93 per cent recorded in January, according to the Nigerian Electricity Regulatory Commission (NERC). The improvement was attributed partly to the implementation of the World Bank-supported $500 million Distribution Sector Recovery Programme (DISREP), aimed at strengthening the country’s power distribution network …
Education advocate Alex Onyia has called for an urgent investigation into alleged cases of misconduct at Chukwuemeka Odumegwu Ojukwu University in Anambra State, raising concerns over claims of extortion, intimidation and other criminal activities within the institution. The allegations were disclosed in a statement shared on Onyia’s official X handle, where he accused the university …
Security was heightened around the Lagos State secretariat of the All Progressives Congress (APC) in Ogba, Ikeja, on Thursday morning as the party commenced the distribution of personnel and election materials for its governorship primary. Security operatives, including officers of the Nigeria Police Force, personnel of the Nigeria Security and Civil Defence Corps (NSCDC) and …
