Middle East Strikes Rattle Oil Markets, Fuel Price Fears Rise
LAGOS, Nigeria – Global oil markets reel as joint United States–Israel strikes on Iran stoke fears of supply disruption, prompting warnings that Nigerians may…
Business and Economy
REA Targets 500 Rural Power Projects With ₦170bn 2026 Budget
ABUJA, Nigeria – Nigeria’s Rural Electrification Agency earmarks ₦170 billion in its 2026 budget to deliver over 500 power projects, targeting rural communities and…
Gas Shortage Cripples Power Grid, Deepens Nigeria’s Electricity Crisis
ABUJA, Nigeria – Nigeria’s electricity crisis deepens as acute gas shortages slash thermal power generation, pushing national grid output to critically low levels and…
FCCPC Probes Possible Airline Fare Exploitation During Festive Rush
ABUJA, Nigeria – The Federal Competition and Consumer Protection Commission flags possible exploitative pricing by domestic airlines following a review of airfares during the…
Tinubu Extends Raw Shea Nut Export Ban for One Year
ABUJA, Nigeria – President Bola Tinubu extends Nigeria’s ban on exporting raw shea nuts for another 12 months, from February 26, 2026, to February…
ECOWAS Warns AfCFTA Fails Without Women, Youth Inclusion
ABUJA, Nigeria – West Africa risks squandering the promise of the African Continental Free Trade Area unless governments dismantle barriers excluding women, young people…
Labour Unions Give FG Friday Deadline Over Unpaid Wage Awards
ABUJA, Nigeria – Organised labour in Nigeria’s federal public service issues a Friday ultimatum to government, demanding immediate payment of three months’ outstanding wage…
Nigeria Oil Union Warns Tinubu Decree Risks Jobs, Investment Stability
ABUJA, Nigeria – The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) issued a stark warning that a presidential order redirecting petroleum…
Fire Destroys NiMet Equipment at Lagos Airport Old Terminal
LAGOS, Nigeria – A major fire outbreak gutted the old terminal of the Murtala Muhammed International Airport, destroying all weather forecasting equipment belonging to…
CBN Cuts Benchmark Rate to 26.50% in Policy Shift
ABUJA, Nigeria – Nigeria’s Central Bank of Nigeria (CBN) reduces its benchmark interest rate by 50 basis points to 26.50 per cent, signalling a…