Blog

Energy

NLC demands overhaul of Nigeria’s ‘failing’ energy sector model

Nigeria Labour Congress has called for a fundamental shake-up of Nigeria’s energy sector, saying the country’s current energy model has failed to deliver energy security and is instead leaving Nigerians to pay for persistent power shortages. The National Coordinator of the NLC’s Climate Change, Green Jobs, and Just Transition Programme, Eche Asuzu, spoke on the […]

Tech

Myspace seeks comeback as algorithms reshape social media

Millennials may welcome the planned revival of Myspace with nostalgia, but analysts say the once-dominant social media platform faces an uphill battle in today’s crowded market, where algorithm-driven feeds and short attention spans shape user engagement. Myspace owners Tim and Chris Vanderhook, co-founders of Viant Technology, recently appeared in the documentary Myspace, directed by Tommy […]

Oil and Gas

Global EITI team arrives to assess Nigeria’s oil, gas reforms

The Global Extractive Industries Transparency Initiative validation team has arrived in Nigeria to assess the country’s progress in improving transparency and accountability in the oil, gas and mining sectors. The validation mission, which begins on Monday (tomorrow), is part of the 2026 Extractive Industries Transparency Initiative Validation Exercise that commenced on July 1. The exercise […]

Business

Spain checks 200 travellers as Italy border controls begin

Spain checked about 200 travellers arriving from Italy at the country’s six largest airports on Saturday, the first day of border controls reintroduced amid a dispute with Rome over irregular migration. The Spanish Interior Ministry said 199 passengers on 12 flights from Italy were checked at airports in Madrid, Barcelona, Seville, Bilbao, Alicante and Valencia. […]

News

Iran sets conditions for reopening Strait of Hormuz

Iran set preconditions on Saturday for a reopening of the Strait of Hormuz, including compensation for war damages, complicating a potential deal to open the waterway essential to the world economy. Tehran has imposed an effective blockade of the strait since the United States and Israel struck Iran in late February, and wants to charge […]

featured Opinion

SERAP urges Tinubu, Atiku, Obi, others to publish assets ahead of 2027

The Socio-Economic Rights and Accountability Project has urged all 19 presidential candidates announced by the Independent National Electoral Commission to publish details of their assets and liabilities, those of their spouses and, where applicable, their unmarried children under 18, ahead of the 2027 presidential election. SERAP also urged the candidates to disclose the legitimate sources […]

featured Finance

Taraba owes ₦85.51bn not ₦1.2tn, commissioner cites official DMO figures

The Taraba State Commissioner for Budget and Economic Planning, Sarah Adi, has dismissed claims that the state currently carries a debt burden of about ₦1.2tn, saying the figure does not reflect the state’s debt stock contained in the latest publicly available records of the Debt Management Office. Adi made the clarification during a fiscal briefing […]

featured News

NDLEA warns parents over cannabis-laced cookies, gummies smuggled into Nigeria

The National Drug Law Enforcement Agency has warned parents to pay closer attention to their children’s fondness for cookies and gummies, cautioning that some of these products may contain illicit substances smuggled into Nigeria. In a statement issued on Sunday, the NDLEA’s Director of Media and Advocacy, Femi Babafemi, said recent seizures by agency operatives […]

Finance

Nigeria risks losing $1.4bn US aid over Christians persecution concerns

Nigeria may be excluded from a new $1.4 billion United States health and humanitarian assistance package announced earlier this week if the Federal Government fails to take measurable actions to address violence against Christians, according to terms contained in a bilateral Memorandum of Understanding signed by both countries. The MOU, signed on December 20, 2025 […]

Policy and Regulations

NGX urges Tinubu to support fintech’s domestic listing

The Chief Executive Officer of Nigerian Exchange Limited, Temi Popoola, has called on President Bola Ahmed Tinubu to support policies that would require major companies operating in Nigeria, particularly high-growth fintech firms, to list on the domestic stock exchange. Speaking during a meeting with the President, Popoola expressed concern that several companies generating significant revenues […]

Business

NGX gains ₦237.8bn as FUGAZ banking stocks lead Friday rally

The Nigerian equities market closed the trading week on a bullish note on Friday, August 7, 2026, adding about N237.8 billion to market capitalisation as gains in the FUGAZ banking stocks outweighed losses across several other sectors. The benchmark NGX All-Share Index rose 0.15 per cent to close at 245,573.60 points, up from 245,209.34 points […]