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,…
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…
BOKO HARAM SETS SCHOOL ABLAZE IN FRESH ATTACK
BOKO HARAM SETS SCHOOL ABLAZE IN FRESH ATTACK Suspected Boko Haram insurgents have reportedly set a school on fire during an attack on a community, causing extensive damage to educational facilities and raising fresh concerns about security in the affected…
SENEGAL FANS BARRED FROM WORLD CUP AS VISA DELAYS DERAIL TRAVEL PLANS
Thousands of Senegalese football supporters will reportedly miss the FIFA World Cup after widespread visa processing issues prevented many fans from securing travel documents in time for the tournament. According to reports, visa delays and administrative challenges have affected a…
Nigerian filling stations bow to market forces, reduce fuel price
Nigerian filling stations bow to market forces, reduce fuel price More Nigerian filling stations have significantly reduced their premium motor spirit pump price to remain competitive and woo patronage. A market survey on thursday showed that filling stations, including Emedab,…
UK-based Nigerian Law Scholar wins University of Hull award for publication excellence
Daramola’s academic work is informed by a dual-jurisdiction legal background. He is qualified as both a Barrister and Solicitor of the Supreme Court of Nigeria and a Registered Foreign Lawyer in England and Wales, giving his scholarship a practical and…
US extradites convicted ex-Ghanaian official over $6 million fraud
Justice has no borders. The United States has extradited Sedina Tamakloe Attionu to Ghana, following her conviction on 70+ corruption-related charges, including embezzling more than $6M equivalent in Ghanaian taxpayer funds,” the embassy stated. It added: “This is our strong…