Nigeria’s crude oil production rose to 1.459 million barrels per day in January 2026, up by 37,000 bpd when compared to December 2025 production of 1.422 million bpd. This is according to the Organisation of the Petroleum Exporting Countries’ (OPEC) February 2026 Monthly Oil Market Report (MOMR) released on Wednesday, February 11. While the output …
The 2026 football calendar is barely underway, yet the managerial carousel is already spinning at full speed. Across Europe’s elite leagues, impatience has become the dominant currency. Reputation offers no shield. Silverware provides no immunity. Even long-term “projects” now operate on short-term tolerance. In just weeks, five high-profile managers have lost their jobs, each exit …
The New Nigeria Peoples Party (NNPP) has rejected a bill before the United States Congress that seeks to impose sanctions on its national leader, Rabiu Musa Kwankwaso, over alleged “severe religious freedom violations.” The proposed legislation, introduced on Tuesday by five US lawmakers in the House of Representatives, directs the Secretary of State to submit …
The Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have warned that persistent underfunding is weakening anti-corruption efforts in Nigeria. The heads of both agencies raised concerns on Tuesday during their 2026 budget defence before the Senate Committee on Anti-Corruption and Financial Crimes. Musa Adamu Aliyu, …
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Justice Obiora Egwuatu of the Federal High Court in Abuja has withdrawn from presiding over two cases involving former Attorney-General of the Federation and Minister of Justice, Abubakar Malami.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, …
