By Sodiq Adelakun Nigeria’s labour movement has delivered a blunt verdict on the country’s economic reality, warning that salary increases alone can no longer protect workers from hardship. The President of the Nigeria Labour Congress, Joe Ajaero, said workers are more concerned about the value of their earnings than nominal wage figures, stressing that inflation…
By Seun Ibiyemi The United Arab Emirates (UAE) has formally announced its decision to withdraw from the Organisation of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance, marking a major shift in global oil politics amid rising tensions across the Middle East. The decision, which will take effect from May 1, 2026, was…
By Seun Ibiyemi The House of Representatives has approved a $516.33 million external borrowing request by President Bola Tinubu for the construction of a section of the Sokoto–Badagry Superhighway project. The approval followed the consideration of a report presented by the House Committee on Aids, Loans and Debt Management, chaired by Abubakar Nalaraba. President Tinubu…
By Seun Ibiyemi The shareholders of Guaranty Trust Holding Company Plc (GTCO), yesterday commended the management of the financial institution for the highest dividend payout of N12.76 kobo in the Nigerian’s banking sector for 2025 financial year. The shareholders yesterday at the GTCO’s 5th Annual General Meeting (AGM) lauded the Group’s impressive 2025 financial year…
… S/West APC leaders target 10m votes for Tinubu By Seun Ibiyemi The political race for the 2027 general elections gathered momentum on Tuesday as President Bola Ahmed Tinubu, Lagos State Deputy Governor Dr. Kadri Obafemi Hamzat, Senator Solomon Olamilekan Adeola (Yayi), and other prominent politicians formally entered the contest by obtaining the All Progressives…
By David Adeyemi The Trade Union Congress (TUC) has warned that it may embark on a nationwide protest if the Federal Government fails to urgently address the worsening economic conditions and declining welfare of Nigerian workers. This position was contained in a communiqué issued on Monday in Abuja at the end of the TUC National…
By Seun Ibiyemi The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has pegged aviation fuel prices at N2,037 per litre in Abuja and N1,760 and N1,988 per litre in Lagos. This intervention is aimed at stabilising supply and pricing amid persistent volatility in Nigeria’s aviation sector. Also, NMDPRA directed energy marketers to sell directly…
By Seun Ibiyemi Nigeria’s state-owned energy giant, the Nigerian National Petroleum Company Limited (NNPCL), has recorded its highest crude oil production in five years, reaching 1.171 million barrels per day (mbpd) under the leadership of its Group Chief Executive Officer, Engr. Bashir Bayo Ojulari. The milestone formed part of the company’s one-year performance report titled…
Domestic and international flight operations across Nigeria may face major disruption from Tuesday, April 28, 2026, as the Aviation Ground Handlers Association of Nigeria (AGHAN) has issued a final ultimatum to indigenous airlines over an outstanding debt exceeding N9 billion. AGHAN, the umbrella body representing the country’s five major ground handling companies—NAHCO, SAHCO, Butake, Precision,…
By Seun Ibiyemi Nigeria’s total public debt stock rose to N159.28 trillion (about 110.97 billion dollars) in the fourth quarter of 2025, up from N153.29 trillion (103.94 billion dollars) recorded in the third quarter, according to the latest report by the National Bureau of Statistics. The report, titled Nigerian Domestic and Foreign Debt Report for…
