Nigeria’s electricity crisis has deepened as about 58 per cent of publicly funded dam projects intended to support power generation remain stalled or abandoned, despite hundreds of millions of naira already disbursed. Hydropower currently accounts for roughly 30.1 per cent of Nigeria’s electricity supply, making it the country’s second-largest energy source after thermal generation, yet…
The Chairman of the Nigeria Revenue Service (NRS), Dr Zacch Adedeji, has called for a paradigm shift from reliance on raw material exports to innovation-driven economic growth, describing it as critical to achieving sustainable development and national prosperity. Adedeji made the call while delivering the maiden Distinguished Personality Lecture of the Faculty of Administration at…
The National Association of Government Approved Freight Forwarders (NAGAFF) has raised concerns over alleged high-level corruption at Nigeria’s ports and border stations, warning that the trend threatens national security and economic growth. The association’s National Publicity Secretary, Dr Clement Iwegbuna, made the assertion in a statement issued on Thursday in Lagos. Iwegbuna alleged that Nigeria-bound…
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has issued a stern warning to Nigerians regarding the hidden costs of digital platforms, noting that without adequate awareness, citizens’ personal data risks being monetized by global entities without their consent or benefit. Speaking at the official signing of a Memorandum of…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the strategic implementation of downstream deregulation and foreign exchange reforms resulted in over N6 trillion in savings from fuel import losses during the first nine months of 2025. This disclosure was made by the Chief Executive of the NMDPRA, Mr. Saidu Mohammed, during…
…Calls for continued partnership with Navy Following the success of its maritime security architecture known as the Deep Blue project, the Nigerian Maritime Administration and Safety Agency (NIMASA) is considering an expansion of the project which impact has been felt across the Gulf of Guinea and gained global recognition, to ensure sustainability and greater impact….
Adeyemi David Stanbic IBTC Holdings Plc has announced its unaudited financial results for the year ended December 31, 2025, recording a pre-tax profit of N552 billion, an impressive 81.6 pet cent increase from N303.8 billion in 2024. The robust performance was driven by higher interest income, boosted by increased loan volumes, rising interest rates, and…
Adeyemi David Nigeria’s naira closed the trading week ended January 31, 2026, with notable gains against the United States dollar, marking its strongest performance in around two years amid improved foreign exchange market conditions and rising external reserves. Data from the Nigerian Foreign Exchange Market (NFEM) showed the naira appreciated to ₦1,386.55 per dollar at…
Nigerian international and Atalanta winger Ademola Lookman is on the brink of completing a sensational €40 million transfer to Spanish La Liga giants Atlético Madrid. Despite a late and lucrative push from Turkish side Fenerbahçe, Lookman has prioritised a move to Spain, keen on working under Diego Simeone and testing himself in La Liga. The…
The African Democratic Congress (ADC) has expressed concern over alleged efforts to coerce Nigerian civil servants into registering for the All Progressives Congress (APC) through its ongoing e-registration exercise. In a statement signed by the party’s National Publicity Secretary, Mallam Bolaji Abdullahi, the ADC said it had received multiple reports from across the country suggesting…
