President Bola Tinubu’s recent approval of a ₦3.3 trillion debt settlement plan has been touted as a significant move towards fixing the liquidity crunch that has choked the Nigerian power sector for years. However, the announcement has generated mixed reactions regarding its significance in the efforts towards ending the persistent blackouts that Nigerians have grappled …
The Central Bank of Nigeria (CBN) has dismissed claims that Polaris Bank is facing liquidation, describing the circulating report as false and misleading. In a post on X on Thursday, the apex bank reassured the public that the Nigerian banking system remains stable and secure. The CBN statement followed a viral claim that Polaris Bank …
The U.S. Embassy in Abuja has announced the temporary closure of its visa appointment services, urging affected applicants to monitor their email inboxes for further instructions regarding rescheduled interview dates. In a public notice issued on Thursday, April 9, the embassy clarified that all visa appointments in Abuja have been suspended until further notice, a …
The Nigeria Customs Service (NCS) and the Presidential Enabling Business Environment Council (PEBEC) have launched a joint reform strategy aimed at speeding up cargo clearance, reducing costs, and strengthening the country’s trade competitiveness. This is part of efforts to fix Nigeria’s long-standing port inefficiencies. The initiative, which signals a shift from policy formulation to measurable …
In a major move to tackle health risks associated with water, Nestlé Nigeria Plc, the Federal Ministry of Water Resources and Sanitation, and OPS-WASH have launched the National Water Quality Advocacy Handbook. Launched at the Annual Water Quality Conference in Abuja, the initiative aims to bridge the gap between technical water safety standards and everyday …
A Federal High Court in Abuja has sentenced four members of the Boko Haram terror group to life imprisonment after they pleaded guilty to terrorism charges. The trial judge, James Omotosho, handed down the sentences on Tuesday following the defendants’ admission of guilt. The prosecution presented evidence through a witness from the Department of State …
In a decisive push to tackle Nigeria’s deepening housing deficit, the Federal Ministry of Housing and Urban Development has unveiled a strategic plan to transition from policy frameworks to large-scale housing delivery by training top government officials and private developers on Public-Private Partnerships (PPPs) and joint venture financing. This development was disclosed in a press …
The chairman of the Independent National Electoral Commission (INEC), Joash Amupitan, has warned that the spread of false information, especially through the media, could pose the greatest danger to Nigeria’s 2027 general election. Speaking on Wednesday at the 81st general assembly of the Broadcasting Organisations of Nigeria in Abuja, Amupitan said elections are increasingly shaped …
Former Kwara Central Senator, Ibrahim Oloriegbe, has declared his intention to contest the 2027 governorship election in Kwara State. Oloriegbe submitted his letter of intent on Tuesday at the Ilorin secretariat of the All Progressives Congress (APC), formally signalling his entry into the race. The former lawmaker said the decision followed wide consultations with his …
The African Export-Import Bank (Afreximbank) has reported robust financial performance for the year ended December 31, 2025, highlighting strong balance sheet growth, increased investor confidence, and sustained execution of its strategic priorities across Africa and the Caribbean. The Bank said its total assets and contingencies rose by 21 percent to $48.5 billion from $40.1 billion …
