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The Chairman and Chief Executive Officer of the National Drug Law Enforcement Agency (NDLEA), Brig.-Gen. Mohamed Buba Marwa (retd.), has warned that Nigeria risks a deepening social crisis if citizens fail to confront the growing pop culture that glamorises drug abuse among young people. Marwa issued the warning on Thursday in Abuja during the official …

Dangote Petroleum Refinery and Petrochemicals is set to go to the capital market with its initial public offering (IPO) in September, driven by overwhelming investor demand. President of the Dangote Group, Aliko Dangote, who confirmed this on Wednesday, May 20, said investor demand has reached $2 billion for the planned private placement, reflecting massive market …

Dangote Refinery to Launch IPO in September as Investor Demands Hit $2bn

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has stepped up its implementation of the Host Community Development Trust (HCDT) framework with the launch of a new digital portal designed to enhance transparency and accountability. The initiative, established under the Petroleum Industry Act (PIA) of 2021, was officially unveiled on Wednesday during a stakeholder …

NMDPRA Launches Digital Portal to Boost Transparency in Host Community Trusts

Nigeria’s electricity metering rate rose to 58.57 per cent in February 2026, up from 57.93 per cent recorded in January, according to the Nigerian Electricity Regulatory Commission (NERC). The improvement was attributed partly to the implementation of the World Bank-supported $500 million Distribution Sector Recovery Programme (DISREP), aimed at strengthening the country’s power distribution network …

Education advocate Alex Onyia has called for an urgent investigation into alleged cases of misconduct at Chukwuemeka Odumegwu Ojukwu University in Anambra State, raising concerns over claims of extortion, intimidation and other criminal activities within the institution. The allegations were disclosed in a statement shared on Onyia’s official X handle, where he accused the university …

Security was heightened around the Lagos State secretariat of the All Progressives Congress (APC) in Ogba, Ikeja, on Thursday morning as the party commenced the distribution of personnel and election materials for its governorship primary. Security operatives, including officers of the Nigeria Police Force, personnel of the Nigeria Security and Civil Defence Corps (NSCDC) and …

APC Remains best Option for Kwankwaso, Party Dismisses NNPP as Regional Experiment

The Joint Admissions and Matriculation Board (JAMB) has released 279 results from the 2026 Unified Tertiary Matriculation Examination (UTME) that were earlier withheld over suspected examination malpractice. The Board disclosed this in a statement issued on Thursday, noting that the release followed ongoing investigations into irregularities observed during the conduct of the examination. According to …

Dangote Industries Limited has kicked off preliminary preparations for its proposed Deep Seaport at the Olokola Free Trade Zone in Ogun State. This major step forward follows successful engagements and endorsements from traditional rulers and host communities across Ogun and Ondo states, positioning the project to become a dominant maritime logistics hub in West Africa. …

The Centre for the Promotion of Private Enterprise (CPPE) has commended the Central Bank of Nigeria’s decision to keep interest rates unchanged, describing the outcome of the 305th Monetary Policy Committee (MPC) meeting as a balanced response to Nigeria’s inflation challenges. In a statement issued on Wednesday, May 20, Chief Executive Officer of CPPE, Dr …

CBN Rate Reset Should Lower Borrowing Costs – CPPE

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