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The Nigerian Navy has dismantled a reconstructed illegal refining cluster along the Rivers–Bayelsa border, recovering about 8,500 litres of suspected petroleum products during the operation. The Director of Naval Information, Capt. Abiodun Folorunsho, disclosed this in a statement issued on Sunday in Abuja. According to Folorunsho, the operation was carried out by personnel of Nigerian …

Islamic cleric, Sheikh Ahmad Gumi, has warned against involving the United States in Nigeria’s fight against terrorism, saying such a move could expose the country to foreign terror groups and escalate violence. In a Facebook post on Monday, Gumi described Nigeria’s sovereignty as “a red line,” insisting that the Nigerian military has the capacity to …

Nigeria’s two biggest telecom operators, MTN Nigeria and Airtel Nigeria, spent the last five years pouring billions into 4G, 5G, fibre networks and spectrum licences. The two giant telecoms companies also generated record revenues, driven increasingly by data consumption rather than traditional voice calls. However, across the same period, Nigerians continued to complain about dropped …

MTN, Airtel

Muda Yusuf, a renowned economist, has warned that any rate hike could hurt economic growth, weaken businesses and do little to address Nigeria's inflation problem. His warning comes ahead of the Central Bank of Nigeria (CBN) 305th Monetary Policy Committee (MPC) meeting scheduled for May 19–20, 2026, in Abuja. In a statement issued on Sunday, …

Muda Yusuf, CPPE chief executive officer

Troops of Operation HADIN KAI, working in close coordination with the United States Africa Command (AFRICOM), have killed Abu-Bilal Al-Minuki, the Islamic State’s second-in-command globally, in what military authorities describe as the most significant counter-terrorism breakthrough in Nigeria’s North-East insurgency war in recent years. The high-profile operation, carried out in the early hours of Saturday …

Nigeria’s worsening unemployment crisis, rising rural insecurity, and persistent pressure on foreign exchange may find an unlikely solution in one commodity: sugar. The Executive Secretary and Chief Executive Officer of the National Sugar Development Council (NSDC), Kamar Bakrin, says a fully industrialised sugar sector could become one of the country’s most transformative economic tools capable …

Nigeria’s credit system is failing millions of small businesses and choking economic growth, the Alliance for Economic Research and Ethics has warned. The group pointed this out in a policy document titled 'A Policy Analysis on SME Credit, Development Finance, and the Imperative of Structural Reform', which it issued on Sunday, May 17. It blamed …

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