How Nigeria’s latest inflation figures expose a painful gap between the economic numbers and what families pay at the market For a Nigerian household walking into a market this week, one question may matter more than the latest inflation headline. If inflation is falling, why is the food bill still rising? The …
Geregu Power Plc has appointed Engr Mohammed Sani Jaoji as its acting Chief Executive Officer, effective Monday, August 17, 2026. The appointment comes amid growing concerns over the company’s debt obligations and recent default on its bond repayment. The company announced the appointment in a statement to the Nigerian Exchange Limited (NGX) and the investing …
With the election fever over in Osun State, tension is beginning to ease off as supporters, family members, and friends of Governor Ademola Adeleke continue to celebrate his victory. Governor Adeleke has received greetings and congratulations from across the political spectrum, including top opposition leaders like Rabiu Kwankwaso, NDC vice presidential candidate, who viewed the victory …
For millions of Nigerians, the working day no longer ends when the office closes. At 5 pm, another shift begins. A civil servant becomes a trader. A teacher starts private lessons. A software developer takes on another client. A banker sells products online. A technician accepts evening jobs. A graduate turns to logistics, delivery or …
Governor Ademola Adeleke of the Accord Party has won the Osun State 2026 governorship election held on Saturday, August 16, paving the way for his return for a second term in office. Pinnacle Daily reports that although the election featured 14 candidates, it was a keenly contested race between Adeleke and other major party candidates, including …
Nigeria has about four years to bridge a $625 billion economic gap if President Bola Ahmed Tinubu’s ambition of growing the economy to $1 trillion by 2030 is to become reality. With Nigeria’s economy put at about $375 billion by All Progressives Congress (APC) National Chairman Nentawe Yilwatda, the country would have to expand its …
The president says "ordinary flame and smoke" is not enough; he commits to a structural reset of the nation's oil assets. President Bola Tinubu has assured Nigerians that the country's refineries will not be allowed to waste away, vowing to undertake a comprehensive restructuring that will reposition them for long-term profitability and value delivery. …
Geregu Power Plc has confirmed it has commenced discussions with relevant stakeholders and advisers to resolve concerns surrounding its N40.09 billion bond repayment obligations, following a default on its latest coupon and principal payments. The company defaulted on the eighth coupon payment and fourth bullet principal repayment of its N40.09 billion Series 1 Senior Unsecured …
In a major move aimed at restarting Nigeria's deepwater energy sector, President Bola Tinubu has approved a reform package expected to unlock up to $50 billion in new deep offshore oil and gas investments. The reform, codified under the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, fundamentally shifts Nigeria's approach to …
For decades, Abuja was known primarily as Nigeria's political capital, a city of government offices, diplomatic missions, luxury hotels and a rapidly expanding residential landscape. That identity is changing. Across Gwarinpa, Jabi, Kuje, Kwali, Galadimawa, Bwari and other parts of the Federal Capital Territory, a different kind of infrastructure is increasingly becoming visible: universities. The …
