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 ongoing controversy over the ownership of the Bosso campus of the Federal University of Technology, Minna (FUT Minna) between the Niger State Government and the university community has become a matter of serious public concern. As citizens who believe in good governance, transparency, and the peaceful development of our dear state, it is important …
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 …
President Bola Tinubu, on Thursday, presided over a meeting that led to the resolution of a dispute between the Nigerian government, multinational oil giant ENI, and the Nigerian Agip Exploration Limited (NAEL) on the Prospecting Licence (OPL) 245. The resolution was sealed with a historic settlement agreement between the Federal Government, ENI, and Agip. According …
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 …
The Nigerian Electricity Regulatory Commission (NERC) has issued a fresh order directing Electricity Distribution Companies (DisCos) to refund a total of ₦20.33 billion to customers who paid for meters under the Meter Asset Provider (MAP) scheme. This directive is outlined in Order No. NERC/2026/025, signed on February 27, 2026, by NERC Chairman Musiliu Oseni and Commissioner Dafe …
On the sixth day of the war between the United States, Israel and Iran, the conflict has intensified inside Iran while tensions continue to spread across the Middle East. Iran has threatened global shipping in the Strait of Hormuz, while hostilities are expanding across several fronts, including the Gulf region, Lebanon and Iraq. In a …
President Bola Tinubu has ordered temporal suspension of the new cashless policy introduced by the Federal Airport Authority of Nigeria (FAAN) at access gates of airports across the country. Minister of Aviation and Aerospace Development, Festus Keyamo, said President Tinubu gave the directive during the Federal Executive Council meeting on Wednesday, March 4. In a …
