Nigeria’s economic activity slipped into contraction in April 2026, as rising global tensions and weakening demand slowed business performance across key sectors, according to the Central Bank of Nigeria (CBN). The CBN's latest Purchasing Managers’ Index (PMI) report showed the composite index fell to 49.4 points, dropping below the 50-point mark that separates growth from …
Residents of some parts of Lagos have been grappling with power outages in the last 48 hours following the shut down of the Egbin Power Station. The facility, located in the Ikorodu area of Lagos has an installed capacity of 1,3000 megawatts and supplies significant power to the national grid. According to a statement released …
As Nigeria marks International Workers’ Day 2026, Corporate Accountability and Public Participation Africa (CAPPA) has warned that worsening living conditions are pushing workers to the brink, calling on governments at all levels to take urgent and practical steps to address the crisis. In a statement issued Thursday, CAPPA said this year’s May Day comes at …
The Federal Executive Council (FEC) has approved a comprehensive settlement ending the 20-year concession dispute with Bi-Courtney Aviation Services Limited over the Murtala Muhammed Airport Terminal Two (MM2) in Lagos. Minister of Aviation and Aerospace Development, Festus Keyamo, announced the resolution on Thursday, April 30, detailing the agreement reached with Bi-Courtney's leader, Wale Babalakin. The …
President Bola Ahmed Tinubu has nominated Mr. Joseph Olasunkanmi Tegbe as Nigeria’s new Minister of Power, pending his confirmation by the Senate. The nomination was officially transmitted to the upper legislative chamber in line with constitutional requirements. The appointment fills the vacancy left by former Minister Adebayo Adelabu, who resigned recently to join the governorship …
NESCAFÉ, Nestlé Nigeria’s coffee brand, has launched its nationwide ‘Next Level Promo’, a three-month initiative designed to reward Nigerian consumers with over ₦80 million in cash and career-boosting prizes. Running from April through June 2026, the campaign aims to provide more than just a caffeine kick; it’s offering the tools for consumers to take their …
Two young men, barely out of secondary school, are now at the centre of a chilling murder case that has sent shockwaves through Lagos, after they allegedly kidnapped and killed their former classmate in a crime police say was both premeditated and brutally executed. The suspects, 21-year-old Anthony Oghenetega from Delta State and 23-year-old Emmanuel …
The Federal Government has reaffirmed its commitment to strengthening economic reforms through deeper collaboration with the private sector, as it formally inaugurated the Joint Planning Committee (JPC) for the 32nd Nigerian Economic Summit (NES#32), scheduled to hold in October 2026. Representing the Minister of State for Budget and Economic Planning, Dr. Doris Uzoma-Anite, the Permanent …
Nigeria National Petroleum Company Limited (NNPC) has announced the completion of the River Niger crossing of the Obiafu-Obirikom-Oben (OB3) gas pipeline, a project that will unlock a transport capacity of 2 billion standard cubic feet per day (2bcf/d) of gas. NNPC GCEO, Bayo Ojulari, made this known in a statement posted on his X handle on Thursday, …
The financial toll of the United States’ ongoing military campaign against Iran has surged to an estimated $25 billion, marking the first official cost assessment of the conflict and intensifying scrutiny in Washington over the scale and sustainability of the operation. The figure was disclosed by Jules Hurst, a senior Pentagon official currently performing the …
