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Economy

Tinubu seeks stronger Türkiye partnership against terrorism, banditry

President Bola Ahmed Tinubu has stated that Nigeria continues to face various instabilities and security challenges, including terrorism and banditry, while emphasising the importance of sustained international cooperation to confront threats to national and regional stability. The President made the remarks during a joint press conference with the President of the Republic of Türkiye, where […]

Electricity

Poor power generation triggered multiple grid failures — Stakeholders

Concerns are growing that frequent grid collapses may be returning to Nigeria’s power sector, with Nigerians experiencing three incidents in less than a month. According to The PUNCH, electricity distribution companies have attributed the disruptions to low power generation, though they insist the sector is not reverting to the era of constant grid failures. The […]

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Grid collapse linked to Gombe transmission substation – NISO

The Nigerian Independent System Operator has confirmed that Tuesday’s nationwide grid collapse was caused by a voltage disturbance at the Gombe transmission substation. In a statement released on Tuesday, NISO provided updates on ongoing repair and restoration efforts. The operator noted that the incident led to a partial system collapse, representing the second grid disturbance […]

featured Oil and Gas

Dangote petrol now costlier than imported fuel after price hike

The landing cost of imported Premium Motor Spirit (petrol) has fallen below the gantry price of petrol from the Dangote Petroleum Refinery following the refinery’s decision to increase its price. Data from the Major Energies Marketers Association of Nigeria indicate that the landing cost of imported petrol stood at N728.88 per litre last week. On […]

Court dismisses MAN’s lawsuit against electricity tariff hike
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FG issues ₦501bn bond to settle power sector debts

The Federal Government has moved to address Nigeria’s estimated N4 trillion power sector debt as five power generation companies signed settlement agreements under the Presidential Power Sector Debt Reduction Programme following the issuance of a N501 billion bond. The bond recorded 100 per cent subscription when it was issued in Lagos on Tuesday, drawing participation […]

Aviation

Airlines struggle financially as billions remain trapped globally – IATA

The International Air Transport Association has warned that international airlines are under increasing financial strain as billions of dollars in ticket revenues remain trapped in several countries because of foreign exchange restrictions. In an article by IATA’s Senior Vice President for External Affairs, Thomas Reynaert cautioned that the growing backlog of blocked funds threatens global […]

CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
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CBN approves two-month window for use of expired import licences

The Central Bank of Nigeria has approved a temporary measure allowing importers to use expired National Agency for Food and Drug Administration and Control licences for import documentation, providing relief to businesses affected by ongoing system transitions in Nigeria’s trade processing framework. In a circular dated January 26, 2026, and issued by its Trade and […]

News

Contractors reject FG claim of ₦152bn payment

The All-Indigenous Contractors Association of Nigeria has rejected claims that its members have received ₦152 billion from the Federal Government, describing the assertion as false, misleading and deliberately crafted to misinform the Nigerian public. The association said the claim poses a serious threat to ongoing reconciliation efforts between contractors and the government, while also eroding […]

Economy

Nigeria is central to Iran-Africa engagement, says envoy

The Ambassador of the Islamic Republic of Iran to Nigeria, Mr Gholamreza Mahdavi Raja, has said Nigeria occupies a central place in Iran’s engagement with Africa, describing the country as a strategic gateway to West Africa. Mr Raja made the assertion while speaking at a press briefing on Tuesday in Abuja, where he identified Nigeria’s […]

Investment

W’Bank fund: States given 30-day deadline to publish contract awards

In a renewed effort to strengthen transparency and accountability in public procurement, the World Bank–assisted Human Capital Opportunities for Prosperity and Equity Programme of the Federal Ministry of Budget and Economic Planning has directed state governments to publish contract award information for basic education and primary healthcare procurements within 30 days after the end of […]

Aviation

Court hands over aircraft to FG over unpaid Customs duties

The Federal High Court sitting in Abuja has ordered the final seizure, condemnation and forfeiture of a Bombardier BD-700 Global 6000 aircraft with registration mark 9H-GVG and manufacturer’s serial number 9470, operated by Orlean Invest Africa Limited, to the Federal Government of Nigeria. The court delivered the judgement on January 22 in suit number FHC/ABJ/CS/1085/2025 […]

News

Court orders FCTA workers to halt strike

The National Industrial Court has issued a temporary injunction stopping the indefinite strike by workers of the Federal Capital Territory Administration. Justice Emmanuel Subilim handed down the ruling after hearing an application from the legal team of FCT Minister Nyesom Wike, Channels Television reports. The order follows days of disruptions in Abuja, where FCTA workers […]

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