The Central Bank of Nigeria (CBN) says it is set to review the Federal High Court judgement on its 2024 intervention in Union Bank of Nigeria Plc, signalling possible next steps after the ruling. In a statement issued Wednesday and signed by its acting director of corporate communications, Hakama Sidi Ali, the apex bank said …
The Chief Executive Officer and Managing Director of the Dangote Petroleum Refinery, David Bird, has again raised concerns about the shortage of domestic supply of crude oil to the refinery. Bird said the 650,000-barrels-per-day refinery is only getting about 30 per cent of the expected crude supply for its feedstock under the Naira-for-crude deal. Bird, …
The Central Bank of Nigeria (CBN) has removed its cash pooling requirement for International Oil Companies (IOCs), allowing them unrestricted access to their export earnings in a move aimed at boosting liquidity in the foreign exchange market. In a statement issued on Wednesday and signed by the Director of the Trade and Exchange Department, Musa …
Fresh efforts to reconcile warring camps within the Peoples Democratic Party (PDP) have begun, as leaders push for unity ahead of the party’s planned national convention scheduled for March 29–30, 2026. The faction led by Tanimu Turaki, with backing from PDP governors, confirmed on Wednesday that a renewed peace process is underway to address lingering …
Nigeria attracted $23.21 billion in foreign capital in 2025, marking an 88.5 per cent increase from $12.31 billion recorded in 2024. The National Bureau of Statistics (NBS) disclosed this in its Capital Importation Report for 2025. The data reflects renewed investor interest in the economy. Capital inflows started the year at $5.64 billion in the …
On the surface, Nigeria’s fight against tuberculosis appears to be holding steady. With a 94 percent treatment success rate and expanded diagnostic capacity, health authorities say progress is being made. But beneath that progress lies a largely invisible threat, thousands of undiagnosed infections quietly spreading across communities. In 2025 alone, Nigeria recorded 440,000 tuberculosis cases, …
Despite a significant surge in revenue in Nigeria's power sector over the past two years, millions of citizens continue to endure erratic electricity supply, raising fresh concerns about the effectiveness of ongoing reforms and investments in the sector. Nigeria’s Minister of Power, Adebayo Adelabu, revealed that the sector’s revenue has more than doubled in the …
The Nigeria national football team, the Super Eagles, have begun full preparations in Antalya, Turkey, with 21 players now in camp ahead of upcoming international friendlies against Iran national football team and Jordan national football team. According to reports, the squad continues to grow as more players arrive to join the early arrivals who opened …
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has ranked the Rural Electrification Agency (REA) as the best-performing agency in integrity, compliance, and ethics in Nigeria’s power sector. The ranking appears in the Commission’s 2025 MDAs scorecard. It highlights the agency’s strong governance systems and compliance culture. ICPC said the ranking reflects REA’s …
As the March 31 deadline for filing Pay As You Earn (PAYE) tax returns approaches, many Nigerians are trying to understand what exactly they need to do. Online conversations show widespread confusion, especially among employees who assume that once their employer deducts tax, their responsibility ends. However, filing a personal income tax return is a …
