Long queues have continued to form at fuel stations across Mali’s capital, Bamako, as residents struggle to access petrol amid an ongoing blockade by militants affiliated with al-Qaida. The crisis began in early September when members of Jama’at Nusrat al-Islam wal-Muslimin (JNIM) declared a blockade on fuel imports from neighbouring Senegal and Ivory Coast, targeting …
The Federal Competition and Consumer Protection Commission (FCCPC) has withdrawn the criminal charge filed against MultiChoice Nigeria Limited and its top executives following an amicable settlement between both parties. FCCPC’s counsel, Daniel Amadi, informed Justice James Omotosho of the Federal High Court that the commission had filed a notice of withdrawal on August 16 after …
The former Minister of Innovation, Science and Technology, Geoffrey Nnaji, has said his resignation from President Bola Tinubu’s cabinet is not an admission of guilt but a personal and principled decision taken in the interest of due process and good governance. Nnaji, who was appointed minister in August 2023, announced his resignation in a letter …
The Bank of England (BoE) has warned that global financial markets could face a sharp correction if investor confidence in artificial intelligence (AI) prospects or the independence of the U.S. Federal Reserve weakens. In its latest Financial Policy Committee (FPC) report, the BoE noted that U.S. stock valuations are nearing levels last seen during the …
Gold prices soared beyond $4,000 per ounce for the first time in history on Wednesday as investors rushed to the safe-haven asset amid global economic and geopolitical tensions, as well as expectations of U.S. interest rate cuts. Spot gold climbed 1.3% to $4,034.59 per ounce by 09:31 GMT, while U.S. gold futures for December delivery …
Professor Mahmood Yakubu, outgoing Chairman of the Independent National Electoral Commission (INEC), has handed over the leadership of the commission to Mrs. May Agbamuche-Mbu, who will serve as Acting Chairman. The handover ceremony took place on Tuesday during a meeting with Resident Electoral Commissioners (RECs) at the INEC headquarters in Abuja. Mrs. Agbamuche-Mbu, the oldest …
Nigeria’s Minister of Power, Adebayo Adelabu, has disclosed that the Federal Government is in discussion with the Export-Import Bank of China to secure a $2 billion loan to fund the development of a new national "super grid," which will stabilize energy supplies and encourage industrial growth across the country. Adelabu made this known at the …
Eko Electricity Distribution Company Plc (Eko DisCo) has registered a subsidiary, Excel Electricity Distribution Company Limited, to taker over the operations of its electricity distribution business in Lagos State. In a statement released on Tuesday, October 7, 2025, the management of Eko DisCo clarified that the creation of the subsidiary was in compliance with regulatory …
Nigeria’s non-interest capital market has grown to a valuation of over ₦1.6 trillion, according to the Securities and Exchange Commission (SEC). Its Director-General, Emomotimi Agama, hinted at this during a joint press briefing in Abuja ahead of the 7th African International Conference on Islamic Finance (AICIF), scheduled to be held in Lagos on November 4 …
Human Capital Africa (HCA), The Nigerian Economic Summit Group (NESG), The Aliko Dangote Foundation, and the African Philanthropy Forum launched two powerful coalitions aimed at combating the learning crisis across Africa. These coalitions—the African CEOs’ Coalition for Foundational Learning and the Africa Philanthropy Coalition for Foundational Learning—will harness collective influence, resources, and expertise to drive …
