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World

Global coal output to fall after historic 2024 peak — IEA

Global coal production is projected to move into a period of structural decline after reaching a historic plateau, according to the latest report released on Wednesday by the International Energy Agency. The agency noted that after attaining record output levels, global coal production is expected to fall back to 8.6 billion tonnes by 2030, reflecting […]

Finance

States plan N4.3tn borrowing to fund 2026 budgets

Ten Nigerian states are planning to raise about N4.287tn from loans, bonds, grants, capital receipts and public-private partnerships to finance capital projects contained in their 2026 budgets. The states, Lagos, Abia, Ogun, Enugu, Osun, Delta, Sokoto, Edo, Bayelsa and Gombe, collectively presented budgets totalling N14.174tn to their respective Houses of Assembly. An analysis of the […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
featured Politics

Tax: PDP accuses Tinubu of putting revenue above Nigerians’ welfare

The Peoples Democratic Party has accused the administration of President Bola Ahmed Tinubu of prioritising revenue generation over the welfare and well-being of Nigerians following the Federal Government’s insistence on commencing the new Tax Act on January 1, 2026, despite alleged discrepancies in its gazetted provisions. The opposition party renewed its call for the suspension […]

Business

Afreximbank to launch pan-African gold bank

The African Export–Import Bank and the Central Bank of Egypt have entered into a Memorandum of Understanding to establish the African Gold Bank in Egypt. This was disclosed made in a statement on Tuesday, noting that the MoU aims to formalise gold value chains, boost central bank reserves, and lessen Africa’s dependence on foreign refining […]

featured News

VIDEO: Goods destroyed as fire guts Arena Market in Lagos

A major fire incident was recorded on Monday, December 30, 2025, at the Arena Market, also known as Army Arena Market, located in Oshodi, Lagos State. The fire reportedly started earlier in the day and spread rapidly across several sections of the busy market, causing panic among traders and passers-by. According to information gathered from […]

Oil and Gas

Marketers lift diesel daily despite Port Harcourt refinery shutdown

Fuel marketers have confirmed that the Port Harcourt Refining Company has continued supplying diesel to the market despite being shut down for maintenance since May 24, 2025. The Publicity Secretary of the Petroleum Products Retail Outlet Owners Association of Nigeria, Joseph Obele, disclosed this in an interview on Tuesday, stating that marketers still load diesel […]

Finance

NAICOM rules out extension of insurance recapitalisation deadline

The National Insurance Commission has reiterated that it will not extend the ongoing recapitalisation deadline in the insurance industry, stressing that the timeline is clearly stipulated by law and cannot be altered. The commission’s Deputy Commissioner for Insurance (Technical), Dr Usman Jankara, made this known while representing the Commissioner for Insurance and Chief Executive Officer […]

Business

Too much screen time for kids affect brain development – Report

Using electronic devices to soothe restless infants, once a popular parenting strategy, may come with long-term consequences, according to new research. Scientists in Singapore have found that children exposed to high levels of screen time before age two exhibited changes in brain development associated with slower decision-making and heightened anxiety during their teenage years. The […]

How FG can boost Nigeria's digital growth - Analyst
Telecommunications

ATCON projects expansion phase for Nigeria’s telecoms sector in 2026

The Association of Telecommunication Companies of Nigeria has forecast that Nigeria’s telecommunications sector will move from a period of consolidation in 2025 into an expansion phase in 2026. ATCON President, Mr Tony Emoekpere, made this known while sharing his outlook for the industry in an interview with the News Agency of Nigeria in Lagos. He […]

Customs, FAAN ranked worst-performing agencies in May 2024
News

Customs seize N24m donkey skins worth ₦24.3m in Bauchi

The Nigeria Customs Service, Federal Operations Unit, Zone D, Bauchi, has intercepted 718 pieces of donkey skins valued at over N24 million, allegedly being smuggled out of the country. The seizure was disclosed on Tuesday by the Zonal Comptroller of the unit, Abdullahi Kaila, during a media briefing on the command’s anti-smuggling operations held at […]