By Adeyemi David The Federal Government of Nigeria has declared Thursday, March 19, and Friday, March 20, 2026, as public holidays to mark the celebration of Eid-el-Fitr. The announcement was made in a statement issued on Tuesday by the Permanent Secretary of the Ministry of Interior, Magdalene Ajani. According to the statement, the Minister of…
By Seun Ibiyemi The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has successfully concluded the pre-qualification stage of the 2025 Oil Licensing Round, paving the way for companies to access critical data ahead of the bidding process. A statement by Head of Media and Strategic Communication at NUPRC, Eniola Akinkuotu on Tuesday in Abuja, confirmed that…
By Seun Ibiyemi Nigeria’s headline inflation rate eased slightly to 15.06 per cent in February 2026, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The report, published in Abuja on Monday, showed a marginal decline of 0.04 percentage points from the 15.10 per cent recorded in…
By Seun Ibiyemi Nigeria and the United Kingdom are set to formalise a £746 million financing agreement aimed at upgrading key maritime infrastructure at the Lagos Port Complex (Apapa Quays) and Tin Can Island Port Complex, as President Bola Tinubu begins a historic state visit to the UK. The deal, to be signed between UK…
By Seun Ibiyemi The Socio-Economic Rights and Accountability Project (SERAP) has called on Bola Tinubu to direct an investigation into the N5.9 billion reportedly spent on the rebranding of the Nigerian National Petroleum Corporation (NNPC) to the Nigerian National Petroleum Company Limited (NNPCL). The call was disclosed in a statement shared on the organisation’s account…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has called on businesses and government to adopt urgent measures to mitigate the impact of escalating energy costs on Nigeria’s economy, warning that the trend could threaten the sustainability of many small and medium enterprises. In an advisory note titled “Mitigating the Impact…
By Seun Ibiyemi Nigeria spent a total of $5.21 billion on servicing external debt in 2025, accounting for more than 72 per cent of the country’s total international payments, according to data released by the Central Bank of Nigeria (CBN). Figures published on the apex bank’s website show that external debt service payments rose from…
The Federal Government has reaffirmed its commitment to market-based petrol pricing, insisting it will not introduce price controls despite rising geopolitical tensions in the Middle East that have heightened volatility in global oil markets. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this during an interview on Politics Today on…
By Seun Ibiyemi Industry experts in Nigeria’s energy sector have called on the Federal Government to prioritise bold privatisation over bureaucratic committees as the only sustainable solution to the country’s chronic power challenges and broader economic stagnation. In an interview with BusinessPointer, Engineer Eleojo Joseph stressed that while the generation and distribution segments of Nigeria’s…
By Seun Ibiyemi Nigeria’s decision to power the Aso Rock Presidential Villa with its own solar energy system marks a symbolic and potentially transformative moment for the nation’s beleaguered electricity sector. While the move has drawn praise for its environmental foresight, it also lays bare deep structural problems in the country’s energy supply and carries…
