BudgIT Nigeria has raised fresh concerns over transparency and accountability in the proposed 2026 federal budget, warning that vague project descriptions and structural weaknesses could undermine legislative oversight and fiscal credibility. In a memo submitted to the National Assembly, the civic technology organisation said the lack of detailed explanations for several major budget line items …
The Rural Electrification Agency (REA) has stated that the Nigerian government's $750 million renewable energy programme is expected to act as a catalyst, generating an additional $1.1 billion in private sector investment. The REA Managing Director, Abba Aliyu, said this initiative is a cornerstone of Nigeria's strategy to significantly expand electricity access through off-grid solutions. …
The Central Bank of Nigeria (CBN) has been hitting the right notes lately with its effort to increase its reserves, which have now effectively crossed the $50 billion mark, the first time in 13 years. In the last 24 hours, the apex announced that it increased total gold holdings to $3.5 billion after taking delivery …
The Israeli Ambassador to Nigeria, Michael Freeman, has accused Iran of sponsoring extremist activities in Nigeria and other parts of the world, alleging that Tehran supports groups aimed at destabilising countries while pursuing its hostility against Israel. Freeman made the allegation during an interview on The Morning Show on Arise News Television on Friday. The …
The Federal High Court in Abuja has granted bail to the former Attorney General of the federation and Minister of Justice, Abubakar Malami, his son Abdulazeez Malami and wife Asabe Bashiru, with ₦200 million each. Malami is being tried on a 16 count charge in a money laundering case of 8.7 billion naira instituted against …
The refinery says Nigerian crude oil more expensive than Brent crude Dangote Petroleum Refinery has explained why it increased its ex-depot price of Premium Motor Spirit (PMS), also known as petrol, by ₦100 recently. The refinery had earlier in the week, the refinery had raised its ex-depot price of petrol from ₦774 to ₦874 …
Nigeria’s economy faces a mix of gains and pressures from the ongoing conflict between the United States, Israel and Iran, with higher global energy prices expected to strengthen government finances even as inflation risks intensify. In a report released on Thursday, March 5, CardinalStone Research said the war, which began on February 28, 2026, has …
Giorgia Meloni says Italy is willing to provide defensive assistance to Gulf countries as tensions continue to rise in the Middle East. Meloni, speaking in a live interview with the Italian radio station RTL 102.5 on Thursday, said Italy does not intend to enter a war but could support Gulf states, particularly in strengthening air …
The National Drug Law Enforcement Agency (NDLEA) has arrested a 45-year-old man, Ashiru Bala, for allegedly possessing 1,499 bottles of codeine-based cough syrup in Kano State. The command’s Public Relations Officer, Sadiq Muhammad-Maigatari, disclosed this in a statement issued on Thursday in Kano. He quoted the Kano Strategic Command Commander, Dahiru Yahaya-Lawal, as saying the …
A Federal High Court in Abuja has discharged and acquitted suspended Deputy Commissioner of Police, Abba Kyari, of a 23-count charge relating to alleged non-declaration of assets filed by the National Drug Law Enforcement Agency (NDLEA). Justice James Omotosho delivered the judgment on Thursday, ruling that the prosecution failed to establish its case against Kyari …
