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Energy
Nigeria’s electricity grid has collapsed for the second time in 2026, plunging the country into a widespread blackout and leaving millions of homes and businesses without power. Checks on the official website of the Nigerian Independent System Operator (NISO) showed that as of 10:54 a.m. on Monday, January 27, 2026, all major electricity Distribution Companies ...
Politics
High-ranking federal officials, political stakeholders and former federal and state lawmakers converged recently in Abuja to reaffirm their commitment to the principle of rotational presidency and President Bola Ahmed Tinubu’s continuation in office beyond 2027. Speaking at the National Summit of the National Forum of Former Legislators (NFFL), the Deputy President of the Senate, Dr. Barau Jibrin, ...
security
The on Thursday commissioned the Lagos State Police Command Band, describing the development as a significant step in strengthening the institutional structure, identity and professionalism of the Command. Speaking at the commissioning ceremony, Egbetokun said progress in institutional leadership is often driven by deliberate and well-considered decisions rather than dramatic reforms, noting that the establishment ...
Business
The Federal Government, through the Minister of Marine and Blue Economy, Adegboyega Oyetola, has formally opened applications for the Cabotage Vessel Financing Fund (CVFF). Created 23 years ago to provide structured financing for indigenous shipowners, the scheme is finally being operationalized after decades of delays. During the launch, the Director-General of the Nigerian Maritime Administration ...
News
A proposed tariff increment by shipping companies operating at Nigerian seaports has hit a brick wall, following fierce opposition from the Organised Private Sector (OPS), importers, and freight forwarders. The resistance forced the Nigerian Shippers’ Council (NSC) to officially suspend any implementation pending exhaustive consultations. The showdown occurred on Wednesday at the NSC headquarters in Lagos during a high-stakes stakeholders’ ...
News
The Centre for the Promotion of Private Enterprise (CPPE) has cautioned the Federal Government against introducing additional taxes on sugar-sweetened beverages, warning that such a move could undermine Nigeria’s fragile economic recovery and reverse recent gains in the manufacturing sector. In its concluding assessment, the Chief Executive Officer, CPPE, Dr. Muda Yusuf stressed that Nigeria’s economy ...
News
The Sea Empowerment and Research Centre (SEREC) has warned that weak regulation of shipping lines could undermine the credibility and effectiveness of ongoing reforms at the Nigeria Customs Service (NCS). SEREC’s Head of Research, Dr Eugene Nweke, raised the concern on Wednesday while speaking with journalists in Abuja, stressing that customs efficiency is closely tied ...
Economy
The Centre for the Promotion of Private Enterprise (CPPE) has cautioned the Federal Government against introducing additional taxes on sugar-sweetened beverages, warning that such a move could undermine Nigeria’s fragile economic recovery and reverse recent gains in the manufacturing sector. In its concluding assessment, the Chief Executive Officer, CPPE, Dr. Muda Yusuf stressed that Nigeria’s economy ...
Foreign
Thousands of Nigerians in the overseas are facing persistent difficulties in obtaining international passports at the Nigeria High Commission in London, prompting fresh appeals for urgent intervention by the Federal Government. In a public appeal on Twitter space addressed to the Honourable Minister of Interior, Olubunmi Tunji-Ojo, affected applicants expressed frustration over prolonged delays and ...
News
The Honourable Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola has called on Danish investors to explore opportunities in Nigeria’s growing marine and blue economy sector. The appeal was made during a meeting with the Ambassador of Denmark to Nigeria, Mr. Jens Ole Bach Hansen, at the Ministry’s office on Tuesday, January 20, 2026. ...
CRIME
The Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone A, Ikeja, has intercepted four live pangolins during a targeted patrol operation along the Ajilete creeks in Ogun State. The interception was disclosed in a statement on Monday by the Command’s Public Relations Officer, Hussaini Abdullahi, who described the operation as a significant boost to ...
Capital Market
The Nigerian stock market began the new trading week on a cautious note this Monday, as mild profit-taking activities shaved approximately ₦11 billion off investors’ portfolios. According to data from the Nigerian Exchange Ltd. (NGX), total market capitalisation dipped by 0.01 percent, closing at ₦106.342 trillion, down from the ₦106.353 trillion recorded at the previous ...
Capital Market
Presco Plc has notified the Nigerian Exchange Limited (NGX) and the investing public that a meeting of its Board of Directors is scheduled to hold on January 29, 2026, through circularization, to consider and approve the company’s unaudited financial statements for the fourth quarter ended December 31, 2025. In line with NGX Rules on insider ...
Business
…as Economist predicts single-digit rate Economic experts are expressing conflicting concerns following the release of Nigeria's latest inflation figures. While headline inflation dropped to 15.15 percent in December 2025, marking a significant year-long trend of disinflation, analysts warn that rising core inflation and controversial statistical methodologies threaten to undermine investor confidence. Dr. Muda Yusuf, Chief ...
Economy
Veritas Kapital Assurance Plc has announced that its Board of Directors will approve the company’s Unaudited Financial Statements for the fourth quarter ended December 31, 2025, through circularisation, in line with regulatory requirements. In a notice to the Nigerian Exchange Limited (NGX), the company said a formal meeting of the Board has been scheduled for ...
Economy
Equities investors on the Nigerian Exchange Limited (NGX) recorded a substantial gain of N2.578 trillion in the week under review, driven by a broad-based rally that lifted share prices and expanded market capitalisation. Data from the Exchange showed that the NGX All-Share Index (ASI) advanced by 2.36 per cent to close at 166,129.50 points, while ...
Economy
The Omi Eko Project, a €410 million initiative aimed at transforming waterway transportation across the Lagos metropolis, has appointed Dr. Segun Alabi as its new Head of Communications and Media. The appointment was announced by the Special Adviser on Blue Economy to the Governor of Lagos State and Project Coordinator, Mr. Oluwadamilola Emmanuel, who expressed ...
Money market
Ten Nigerian banks have been listed among Africa’s Top 100 Banks, reinforcing Nigeria’s status as one of the continent’s leading financial markets despite economic headwinds. According to the latest ranking published by African Banker in its 4th Quarter 2025 edition, the Nigerian lenders that made the prestigious list are Access Bank, Zenith Bank, First Bank ...
Business
The Federal Government has announced a strategic target to raise Nigeria’s revenue-to-GDP ratio from the current 12.5 per cent to 18 per cent by 2030, as part of efforts to ensure long-term economic sustainability. The Minister of State for Finance, Hon. (Dr.) Doris Nkiruka Uzoka-Anite, disclosed this in a statement released via her official X ...
News
The United States has introduced stringent new travel regulations that may compel Nigerians applying for B1/B2 business and tourism visas to post bonds of up to $15,000. This measure is part of a broader crackdown aimed at tightening immigration compliance for nationals of countries designated as high risk. According to a notice released by the ...
