By Adeyemi David President Bola Tinubu has defended the sweeping executive order he signed on February 13, 2026, restructuring the financial architecture of Nigeria’s oil and gas sector, declaring that the move was aimed at ending decades of structural leakages that have deprived Nigerians of the full benefits of the nation’s hydrocarbon wealth. In a…
… Strips NNPC of right to withhold oil revenues President Bola Tinubu has issued an Executive Order directing direct remittance of oil and gas revenues to the Federation Account. The order is to safeguard and enhance revenues, curb wasteful spending and eliminate duplicative structures in the sector. This is contained in a statement issued by Presidential…
The Nigeria Customs Service (NCS) has officially reopened the Seme Border in Lagos, seven years after its closure against the Benin Republic over alleged smuggling activities, in a move aimed at strengthening regional trade and boosting national revenue. Comptroller-General of Customs, Dr Bashir Adewale Adeniyi, confirmed the reopening in an interview with Shipping Position, describing…
President Bola Ahmed Tinubu has formally signed the Electoral Act Amendment Bill 2026 into law, setting the legal framework for the 2027 general elections and igniting fresh debates over electoral reform in the country. The brief ceremony took place at the State House in Abuja on Wednesday, 18 February 2026, with principal officers of the National Assembly…
The Minister of Solid Minerals Development, Dele Alake, has ordered the immediate sealing of a mining site in Zuraq, Wase Local Government Area of Plateau State, following a deadly incident that claimed dozens of lives. The directive, contained in a statement issued on Wednesday in Abuja by his Special Assistant on Media, Segun Tomori, came…
By Adeyemi David The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has stressed the urgent need for Africa to accelerate industrialisation, create jobs, expand economic opportunities, and lift millions out of poverty while strengthening climate resilience. Cardoso made the call during his keynote address at the Egypt 30by30 Programme organised by the…
By Adeyemi David The Nigerian naira recorded a positive performance in the foreign exchange market, appreciating against the United States dollar at the official window as improved liquidity supported the local currency. Data from the Central Bank of Nigeria showed the naira closed at about N1,337 per dollar, strengthening from N1,344 recorded earlier, marking its…
By Adeyemi David The Nigerian equities market rebounded on Wednesday, adding N684 billion to investors’ portfolios as renewed buying interest in key stocks lifted overall performance. Market capitalisation rose from N121.552 trillion at the start of trading to N122.236 trillion at the close, while the Nigerian Exchange Limited All-Share Index advanced by 0.56 percent, or…
The Nigeria Deposit Insurance Corporation (NDIC) has intensified its financial literacy campaign in secondary schools across Cross River State, emphasizing the importance of cultivating a savings culture among young Nigerians. Speaking in Calabar on Wednesday, the Principal Manager of the Communications and Public Affairs Department at NDIC, Bokepere Adeghe, said instilling the habit of saving…
Former Minister of Transportation and chieftain of the African Democratic Congress (ADC), Hon. Chibuike Rotimi Amaechi, on Tuesday announced his intention to contest the 2027 presidential election under the ADC banner. Speaking on his confidence to secure the party’s ticket, Hon. Amaechi said, “If I lose, I will remain in ADC. But I believe I…
