Nearly two weeks after the tragic Warri–Itakpe train accident that claimed five lives, the Nigerian Railway Corporation (NRC) has announced that all injured passengers have been discharged from hospital. Managing Director and Chief Executive Officer of the NRC, Mr. Kayode Opeifa, disclosed this on Tuesday, noting that the victims who were receiving treatment at a …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigeria Revenue Service (NRS) have strengthened partnership to enhance transparency, accountability, and efficiency in revenue collection across the nation’s oil and gas sector. The collaboration comes at a critical juncture as Nigeria’s upstream sector shows clear signs of recovery, with the government pushing toward a sustained …
The state regulators warn that the 2026 Electricity Bill threatens multi-billion-naira investments Electricity regulators from 16 states in Nigeria have opposed an ongoing move by the National Assembly to amend the1999 Constitution and the Electricity Act 2023, especially in the area of control of the electricity markets across the states. The state regulators accused …
The federal government has dismissed reports that it plans to introduce new taxes on telecommunications services and petroleum products. It dismissed the claim in a statement on Tuesday by Maryann Duke, Senior Special Assistant on Communications and Press Affairs to the Minister of Finance and Coordinating Minister of the Economy, describing it as inaccurate and …
The Court of Appeal sitting in Abuja has granted an order for a stay of execution of the Federal High Court judgment that directed the Independent National Electoral Commission (INEC) to deregister five political parties. The suspension preserves the legal status of the affected parties pending the determination of the substantive appeal. The Affected political …
The Alliance for Economic Research and Ethics has faulted the International Monetary Fund’s warning that stablecoins threaten Nigeria’s monetary sovereignty. The think tank group argued instead that the growing use of digital dollar-backed assets reflects deep economic problems within the country. In a policy brief released on Tuesday, June 16, by its chairman, Dele Oye, …
The International Monetary Fund (IMF) has warned that the rapid rise of stablecoins in Nigeria could weaken the country’s control over its monetary system. It highlighted this concern in a report on Tuesday following the release of its latest Article IV report on Nigeria, detailed in Annex VII. According to the Brettonwood financial institution, more …
In a major bid to shield the continent from global supply shocks and climate pressures, the Africa Finance Corporation and Dangote Group have reached a deal for a massive US$7 billion expansion of fertilizer manufacturing capacity in Africa. According to a statement by the Dangote Group, the mega-project will dramatically scale up production at …
The Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, has called on the government to focus on tackling the structural factors driving inflation in Nigeria rather than relying solely on monetary policy measures. He made the call on Monday in a policy brief on the country's inflation …
Nigeria's natural gas production rose to 7.93 billion cubic feet per day (bcf/d) in May 2026, marking a modest 0.63% year-on-year increase from the 7.88bcf/d recorded in May 2025. In The figures reveal a significant shift in gas utilisation patterns, with domestic market sales rising to 2.18bcf/d while export sales dropped sharply from 4.13bcf/d to …
