BREAKING: ADC ANNOUNCES AMAECHI AS ATIKU’S 2027 RUNNING MATE
The African Democratic Congress (ADC) has officially announced former Rivers State Governor and ex-Minister of Transportation, Rotimi Amaechi, as the running mate to its presidential candidate, Atiku Abubakar, for the 2027 presidential election. According to a statement issued by the…
SERAP sues NNPCL over ₦5.9bn rebranding cost
The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Nigerian National Petroleum Company Limited over what it described as the company’s failure to account for approximately ₦5.9 billion allegedly spent on the incorporation, transition and rebranding of…
Democracy has not failed Nigeria, Nigerian leaders have — Gov. Alex Otti.
Governor Alex Otti of Abia State has stated that democracy is not responsible for Nigeria’s challenges, insisting that the country’s problems stem from poor leadership rather than the democratic system itself. Speaking during a public engagement, Otti argued that democracy…
2027: Kwankwaso unveils son as NDC deputy governorship candidate
Senator Rabiu Musa Kwankwaso has unveiled his son, Mustapha Rabiu Kwankwaso, as the deputy governorship candidate of the Nigeria Democratic Congress (NDC) ahead of the 2027 general elections in Kano State. The announcement was confirmed on Monday by Habibu Mohammad,…
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…
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,…
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…