The Peoples Democratic Party (PDP) on Sunday accused the All Progressives Congress–led Federal Government of failing in its constitutional duty to protect citizens, following renewed cases of school abductions in parts of the North. Speaking at a press conference in Abuja on Sunday, the PDP National Publicity Secretary, Comrade Ini Ememobong, said the recent kidnapping …
Despite recording a marginal increase in crude oil production in October, Nigeria has, however, failed to meet its OPEC production quota for the third consecutive month. Nigeria recorded 1.401 million barrels per day (bpd) in October, slightly up from 1.39 million bpd in September 2025. This is according to the Organisation of Petroleum Exporting Countries …
United States War Secretary Pete Hegseth has called for urgent action towards addressing violence against Christians in Nigeria. Hegseth made the call during a high-level meeting between him and Nigeria’s delegation, led by National Security Adviser Mallam Nuhu Ribadu, on November 20 at the Pentagon. This was revealed in a statement released by the Office …
There is a strong expectation that the Central Bank of Nigeria (CBN) will cut the benchmark interest rate when its 12-member committee meets for its 2-day Monetary Policy Committee (MPC) meeting starting on Monday, November 24. The anticipation for another rate cut is reflective of recent positive developments in the domestic and global macroeconomic conditions. …
Kwara State Governor AbdulRahman AbdulRazaq has confirmed the release of 38 worshippers abducted during last week’s attack on the Christ Apostolic Church (CAC), Eruku, in Ekiti Local Government Area. The victims were freed on Sunday after several days of coordinated operations involving security agencies and federal authorities. In a statement by his Chief Press Secretary, …
The European Union has pledged €15.5 billion to accelerate Africa’s clean energy transition. The funding aims to expand electricity access and support sustainable economic growth across the continent. European Commission President Ursula von der Leyen announced the pledge on behalf of Team Europe. It includes over €10 billion in EU-led funding, along with significant contributions …
MTN Nigeria has announced that it has paid over ₦6.9 Trillion in taxes, levies, and duty contributions. This figure solidifies the telecommunications giant's position as one of the largest corporate taxpayers and fiscal partners to the Federal and State Governments, directly funding critical sectors of the economy. The company’s role in nation-building extends beyond tax; …
Former Vice President Atiku Abubakar has expressed concern over the appointment of Xpress Payment Solutions Limited as a new Treasury Single Account (TSA) collecting agent. He raised the concern in a statement on Sunday, November 23, urging the federal government to come clean with Nigerians. He likened the appointment to a dangerous resurrection of the …
The equities market extended its losses for the fourth straight week, as the All-Share Index (ASI) fell below 145,000 basis points amid persistent selloff pressure on the trading floor of the Nigerian Exchange Limited (NGX). In the week ended November 21, the ASI declined by 2.24 per cent to close at 143,722.62 bps, while the …
The Nigerian naira closed the week on a negative note as it further depreciated at the official foreign exchange market on Friday, November 21. The Central Bank of Nigeria (CBN) foreign exchange data indicated that the naira exchanged for N1,456.72 per dollar at the Nigerian Foreign Exchange Market (NFEM) on Friday. This reflects a N4.59 …
