Nigeria must urgently invest $5.5 billion in decentralised oil terminals to unlock thousands of stranded marginal fields and push crude oil production to three million barrels per day (bpd), stakeholders …
Politics
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Mauritania’s Dr Sidi Ould Tah Elected AfDB President as Nigeria’s Cardoso Wins Central Banker of the Year
Dr Sidi Ould Tah, a renowned economist and national of Mauritania, has been elected as the new President of the African Development Bank (AfDB). He will take over from Nigeria’s …
- BusinessEconomyEnergyGOVERNMENTOil & GasPolitics
President Tinubu Signs Executive Order to Cut Oil, Gas Costs and Attract More Investment into Nigeria’s Energy Sector
President Bola Ahmed Tinubu has signed a new Executive Order aimed at cutting the high cost of oil and gas production in Nigeria, increasing government revenue, and bringing in more …
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Sokoto Govt Approves ₦69 Billion for Housing, Agriculture, and Infrastructure Development
The Sokoto State Government has approved the sum of ₦69 billion for major developmental projects across the state. This was made known after the 4th Executive Council Meeting held on …
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Race for Africa’s Next Super Banker Heats Up as AfDB Presidency Election Holds Thursday
The race to lead the African Development Bank (AfDB) enters its final lap this Thursday as five candidates — including one woman — compete to succeed Dr. Akinwumi Adesina, Nigeria’s …
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Senator Natasha Akpoti-Uduaghan’s Legal Team Raises Alarm Over Selective Justice Amid Criminal Charges
The legal team representing Senator Natasha Akpoti-Uduaghan on Wednesday raised serious concerns about what they described as a troubling pattern of selective justice. This follows the Federal Government’s decision to …
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Senate Approves Rivers State 2025 Budget for Second Reading Amid State of Emergency
The Nigerian Senate has approved the Rivers State 2025 budget for its second reading, marking an important step in managing the state’s finances amid an ongoing State of Emergency. The …
- EconomyGOVERNMENTNigeriaPolitics
Political Tension Builds as Key Figures Rally to Challenge President Tinubu’s 2027 Re-Election Bid
As Nigerians continue to struggle with inflation and a rising cost of living, the political scene is getting hotter ahead of the 2027 presidential election. President Bola Ahmed Tinubu, who …
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Delta State Records 90% Surge in Internally Generated Revenue as Governor Oborevwori Boosts Public Service and Infrastructure
Governor Sheriff Oborevwori of Delta State has announced a remarkable boost in the state’s Internally Generated Revenue (IGR), which surged from N83 billion in 2023 to N158 billion in 2024. …
- EconomyFinance & ServicesGOVERNMENTInfrastructureNigeriaPolitics
Nigeria’s Public Debt May Rise Beyond ₦182tn as Tinubu Seeks Fresh $24bn Loan
President Bola Ahmed Tinubu has asked the National Assembly to approve new foreign loans amounting to $24.14 billion. If the lawmakers give the go-ahead, Nigeria’s total public debt may jump …