A tense exchange broke out on Wednesday between Natasha Akpoti-Uduaghan, senator representing Kogi Central, and Shuaibu Audu, minister of steel development, during a joint sitting of the Senate and House of Representatives committee on mines and steel development. The disagreement occurred at the ministry’s budget defence session, where lawmakers examined funding provisions and policy direction …
Justice Obiora Egwuatu of the Federal High Court in Abuja has withdrawn from presiding over two cases involving former Attorney-General of the Federation and Minister of Justice, Abubakar Malami. At Thursday’s court sitting, Justice Egwuatu said his decision to step aside from the cases was based on personal reasons and taken in the interest of …
Nigeria’s capital importation rose to $21 billion in the first 10 months of 2025. The figure marks a 75 per cent increase from the $12 billion recorded in the same period of 2024. The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, disclosed this during the 2026 budget defence before the Joint House of …
Nigeria’s long-standing quest for fuel self-sufficiency has received a significant boost as the Dangote Refinery successfully ramps up its Crude Distillation Unit (CDU) and Motor Spirit production block to a full capacity of 650,000 barrels per day (bpd). This followed a period of scheduled maintenance and technical stabilisation. The refinery made this known in a …
Nigeria’s capital market now faces a major shake-up following mandatory minimum capital requirements set for market entities. Not only will the move see market operators outpace their peers in other African countries, but it will also trigger survival of the fittest. On January 16, 2026, the Securities and Exchange Commission (SEC) announced new minimum capital …
The National Sugar Development Council (NSDC) and the Nigerian Export-Import Bank (NEXIM Bank) have formed a strategic partnership to unlock long-term financing for Nigeria’s sugar industry. At a high-level meeting in Abuja, both institutions agreed to work together to drive large-scale sugar production and reduce the country’s heavy reliance on imports. Leading the NSDC team, …
The Nigerian Content Development and Monitoring Board (NCDMB) has emphasised the need for stronger collaboration among oil and gas-producing countries in Africa in local content development to achieve energy sufficiency and sustainable growth. Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe made the call while delivering a keynote address titled “Africa’s Local Content Collaboration Strategy” …
The Court of Appeal in Abuja has scheduled February 12 to hear a series of suits challenging the legality of the Peoples Democratic Party (PDP)’s national convention held on November 15 and 16, 2025, in Ibadan, Oyo State. A three-member panel led by Justice Mohammed Danjuma will consider eight separate appeals questioning the validity of …
The Chief of Staff to President Bola Tinubu, Femi Gbajabiamila, has said he spent months ensuring the inclusion of the south-east in a federal infrastructure loan during his time as Speaker of the House of Representatives. Gbajabiamila served as Speaker between 2019 and 2023, during former President Muhammadu Buhari’s second term, a period marked by …
Former Vice-President Atiku Abubakar has criticised the Senate for failing to approve real-time transmission of election results to the Independent National Electoral Commission’s result viewing portal (IReV). On Tuesday, the upper legislative chamber approved the electronic transmission of election results to IReV but included a clause allowing manual collation as a fallback where technology fails. …
