Petrol, Cooking Gas Landing Costs Crash as Marketers Import ₦279 Billion Fuel Cargoes
Nigeria may witness another round of relief in fuel prices as the landing costs of imported petrol and cooking gas have dropped significantly, encouraging marketers to bring in massive volumes of fuel products worth about ₦279 billion. According to industry…
Meet the founder who took a detour from tech, and raised $1.5 million to build West Africa’s largest safety footwear company
From Tech Dreams to Safety Boots: Founder Raises $1.5 Million to Build West Africa’s Largest Footwear Company What began as a detour from the technology industry has grown into one of Nigeria’s most remarkable manufacturing success stories. Shamsideen Atunde, founder…
Nigerian Army officer makes history at US War College
A Nigerian Army officer, Timothy Ajato, has made history, becoming the “first International Fellow to win” the prestigious Frank Kelly Writing Award at the United States Army War College (USAWC), Carlisle, Pennsylvania. According to a statement posted on the army’s…
Nigeria produces oil but never had electricity – Kemi Badenoch
Leader of the United Kingdom’s Conservative Party, Kemi Badenoch, has said Nigeria’s vast oil resources have failed to translate into reliable electricity supply, arguing that poor government policies have prevented the country from fully benefiting from its natural wealth. Badenoch,…
We Will Not Bow to Terrorists’ — Tinubu Reacts to Major-General Abubakar’s Death
President Bola Ahmed Tinubu has declared that the Federal Government will not bow to terrorists’ demands following the death of retired Major-General Rabe Abubakar in captivity.Abubakar, a former Director of Defence Information, was abducted alongside his wife while travelling to…
Dangote refinery boosts Nigerian crude buying as Middle East conflict reshapes oil trade
Aliko Dangote’s refinery is increasing purchases of Nigerian crude oil as the ongoing Iran war reshapes global energy markets, creating an unexpected opportunity for Africa’s largest refinery to strengthen its grip on domestic supply. According to Bloomberg, the Dangote Petroleum…
CBN Proposes New Rules to Stop HoldCos from Influencing Bank Loans, Mandates 51% Ownership of Subsidiaries
The Central Bank of Nigeria (CBN) has unveiled a draft regulatory framework aimed at strengthening corporate governance and reducing risks within the country’s financial system. Under the proposed guidelines, Financial Holding Companies (HoldCos) will no longer be allowed to participate…
Zambia Completes External Debt Buyback Worth $1.36 Billion
Zambia 🇿🇲 has successfully executed the world’s first $1.36 billion debt-for-development swap. The country repurchased its $1.365 billion Eurobond maturing in 2053, with 97.85% of investors approving the deal. The African Development Bank is extending a $600 million concessional loan…
BOKO HARAM SETS SCHOOL ABLAZE IN FRESH ATTACK
Oyo State Governor, Seyi Makinde, has confirmed that the students and teachers abducted on May 15, 2026, from Oriire Local Government Area are still within the Old Oyo National Park axis, as security operations continue to secure their release. Providing…
Four Nigerians die in Ethiopian prison
Four Nigerian nationals have reportedly died while serving prison terms in Ethiopia, sparking concerns among members of the Nigerian community and calls for a thorough investigation into the circumstances surrounding their deaths. According to reports, the deceased were being held…