Nigeria has secured a $200 million loan from the African Development Bank Group to scale up agricultural productivity, in a major push to strengthen food security, cut imports and expand climate-smart farming. The facility, approved by the Bank’s Board of Directors, will fund the second phase of the Federal Government’s National Agricultural Growth Scheme–Agro-Pocket (NAGS-AP), […]
The Securities and Exchange Commission (SEC) has inaugurated a Capital Market Working Group on Market Liquidity with a mandate to attract up to 20 million new investors into Nigeria’s capital market through technology-driven solutions. Director-General of the SEC, Emomotimi Agama, who inaugurated the Working Group on Friday in Abuja, said expanding investor participation is critical […]
The Federal Government has commenced payments for outstanding 2024 capital projects and fixed March 31, 2026, as the deadline for the full implementation of capital components in both the 2024 and 2025 budgets, in a renewed push to clear backlogs and accelerate execution. The Special Adviser on Media and Public Communication to President Bola Tinubu, […]
The continued imposition of a 7% import surcharge is reportedly threatening cargo throughput and revenue stability at the Onne Port in Rivers State. Licensed customs agents and freight forwarders have voiced concerns that the port is losing its competitive edge to regional alternatives due to what they describe as a “suffocating” regime of multiple taxation. […]
Dr. Ainojie ‘Alex’ Irune, Executive Director at Oando PLC and Managing Director of Oando Energy, has called for a fundamental “financing rethink” to bridge the gap between Nigeria’s oil production reality and its 2 million barrels per day (mbpd) ambition. Speaking on the sidelines of a 2026 energy forum, Dr. Irune emphasized that as the […]
Senate President Godswill Akpabio has mounted a firm defense of the National Assembly’s decision to excise the mandatory “real-time” election result transmission clause from the latest amendments to the Electoral Act. Speaking during a high-stakes legislative session, Akpabio argued that the removal was a move toward “operational realism,” citing Nigeria’s current “digital divide” and the […]
President Bola Tinubu recently held a high-level security meeting at the State House with General Michael Langley, the Commander of the United States Africa Command (AFRICOM), alongside Nigeria’s Service Chiefs and top diplomatic officials. The strategic dialogue focused on strengthening the “security of the person” and protecting critical national infrastructure through enhanced counter-terrorism cooperation and […]
In a major step toward revitalizing regional trade, the Federal Government has officially reopened the Tsamiya-Anguwar Lalle land border with the Republic of Benin. This development ends a seven-year closure that began in 2019, signaling a significant shift in Nigeria’s trade policy and its commitment to the “security of transit” within the West African sub-region. […]
A comprehensive audit report has uncovered significant financial irregularities within the six Area Councils of the Federal Capital Territory (FCT), totaling over N100 billion. The report, which scrutinizes the fiscal management of the councils, points to systemic failures in accounting, unauthorized expenditures, and a widespread lack of supporting documentation for high-value transactions. This indictment comes […]
The Nigeria Labour Congress (NLC) has issued a stern warning to the Federal Government and the Independent National Electoral Commission (INEC), threatening a nationwide boycott of the 2027 general elections if the electronic transmission of results is not legally mandated. In a statement released following its National Executive Council (NEC) meeting in early February 2026, […]
In a major development for the stability of Nigeria’s Southeast, Mazi Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB), has issued a definitive directive to his followers to immediately end the mandatory Monday “sit-at-home” protest. This order, communicated through his legal counsel, marks a significant shift in the region’s civil disobedience strategy, […]
The Central Bank of Nigeria (CBN) has granted “no-objection” approval to the Bank of Industry (BOI) to establish a non-interest banking window, marking a strategic shift in the nation’s development finance landscape. This regulatory milestone, announced on February 8, 2026, allows Nigeria’s oldest and largest development finance institution to offer Sharia-compliant financing products to MSMEs […]
The Nigeria Immigration Service (NIS) has officially refuted online reports alleging that specific regions of the country are being blocked from obtaining international passports. In a statement released on Saturday, February 7, 2026, the Service described the claims as “entirely false” and a “gross misrepresentation” of its current administrative reforms. Signed by the Service Public […]
In a tragic escalation of the security crisis in Kaduna State, suspected bandits launched a violent early-morning raid on the Karku community in Kauru Local Government Area on Saturday, February 7, 2026. The attackers abducted Reverend Father Nathaniel Asuwaye, the Parish Priest of Holy Trinity Catholic Church, along with ten other residents. The assault resulted […]
The United Nations Food and Agriculture Organization (FAO) has reported that global food prices continued their downward trajectory in January 2026, marking the fifth consecutive month of decline. The FAO Food Price Index, which tracks the monthly changes in international prices of a basket of commonly traded food commodities, showed a marginal but significant decrease […]
A prominent United States lawmaker has publicly criticized the Nigerian Federal Government’s decision to secure a $9 million international lobbying contract, describing the move as a misallocation of resources given the country’s internal economic challenges. In a sharp critique of the administration’s diplomatic strategy, the lawmaker argued that the investment in high-priced Washington lobbyists is […]
A former National Commissioner of the Independent National Electoral Commission (INEC) has expressed reservations regarding the persistent calls for the mandatory real-time transmission of election results from polling units to a central portal. In a recent analysis of Nigeria’s electoral framework, the former official argued that while the push for digital transparency is commendable, the […]
The Joint Health Sector Unions (JOHESU) has officially suspended its nationwide strike after 84 days, following a comprehensive agreement reached with the Federal Government. The industrial action, which began in late 2025, had significantly paralyzed activities in public hospitals across the country, affecting essential services and patient care. The suspension comes after a final round […]
The Federal Government has announced a partial closure of the Lagos-Ibadan Expressway for a duration of six weeks to facilitate urgent structural repairs on key bridge components. Starting in February 2026, the construction focus will center on the long-term integrity of the infrastructure, specifically targeting expansion joints and deck reinforcements that have shown signs of […]
The Medical and Dental Council of Nigeria (MDCN) has revealed that it received zero disbursements from its N1.2 billion capital budget allocation for the 2025 fiscal year. Appearing before the House of Representatives Committee on Health Institutions in February 2026, the Registrar of the MDCN, Dr. Fatima Kyari, disclosed that the total lack of capital […]