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Tinubu blames privatization for current power sector crisis

Electricity featured

Nigeria isn’t poor, huge money moves below radar –

Finance

Access Holdings disowns unauthorised 2025 financial highlight release

Banking

South Africa’s inflation rises to 3.1% as cost pressures

Economy

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featured Oil and Gas

Iran denies US talks, accuses Trump of oil market manipulation

Iran has firmly denied engaging in any negotiations with the United States. This directly contradicts claims by US President Donald Trump that both nations recently held productive conversations. In a statement issued on Monday, Iran’s foreign ministry insisted that no discussions are taking place between Tehran and Washington. It dismissed Trump’s remarks as a strategic […]

Business

FG unveils PenCom governing board in Abuja

The Federal Government on Monday inaugurated the Governing Board of the National Pension Commission weeks after the Nigerian Labour Congress made the request to PenCom Director-General, Ms. Omolola Oloworaran. The inauguration ceremony, held in Abuja, was overseen by the Secretary to the Government of the Federation, Senator George Akume. It was earlier reported that during […]

Agribusiness

Farmers accessed ₦3.4trn credit in 2025 – FG

The federal government has revealed that farmers in Nigeria accessed credit schemes totaling N3.4 trillion in 2025 to enhance food production. Minister of Agriculture and Food Security, Abubakar Kyari, who did not specify the number of farmers involved, stated that this amount represents less than four per cent of agriculture’s contribution to the country’s GDP. […]

Business

DisCos back power supply to Togo amid domestic shortages

The Chief Executive Officer of the Association of Nigerian Electricity Distributors, Sunday Oduntan, has defended Nigeria’s continued electricity supply to Togo despite ongoing domestic shortages. Oduntan explained that the supply is based on an existing bilateral agreement with the neighbouring country, stressing that the deal must be honoured. He made this known during an interview […]

Business

Oil Prices fall as Trump pauses strikes on Iran

Oil prices dropped sharply on Monday after President Donald Trump said the U.S. and Iran held productive talks, prompting him to pause planned strikes on the country’s key energy infrastructure. Brent crude fell more than 6 per cent to $105.09 per barrel after rising above $112 on Friday, while West Texas Intermediate futures declined nearly […]

News

Trump orders five-day ceasefire on Iran energy sites amid talks

United States President Donald Trump announced on Monday that he had ordered a halt to threatened military strikes on Iranian energy infrastructure following productive discussions with Tehran. The announcement came amid an ongoing conflict in the Middle East, now in its fourth week, which has involved tensions over the Strait of Hormuz and attacks on […]

Maritime

Iran defies Trump Hormuz reopening order, threatens gulf mines

Iran threatened on Monday to deploy naval mines in the Gulf and target power plants across the region in defiance of United States President Donald Trump’s ultimatum demanding that the Islamic republic reopen the Strait of Hormuz. The escalated rhetoric followed warnings that the world faces an energy crisis more severe than the combined impact […]

featured Scams

Ex-acting AGF Nwabuoku jailed 72 years for ₦868m fraud

The Economic and Financial Crimes Commission announced on Monday that a former Acting Accountant-General of the Federation, Chukwunyere Anamekwe Nwabuoku, has been convicted and sentenced to 72 years imprisonment for fraud involving N868.46 million. The commission made the disclosure in a post on its official X handle, stating that Nwabuoku was prosecuted before the Federal […]

Finance

Banks race to meet CBN recapitalisation March 31 deadline

Banks are in a last-minute push to meet the Central Bank of Nigeria’s recapitalisation deadline. The apex bank is expected to make a major announcement this week as the March 31, 2026, cut-off approaches. Findings by The PUNCH indicate that most lenders have substantially met the new capital requirements. A few institutions are resolving final […]

Oil and Gas

Dangote Refinery exports 456,000 tonnes of fuel to Africa

The Dangote Petroleum Refinery has ramped up its regional footprint with the export of 12 cargoes of refined petroleum products totalling 456,000 tonnes to five African countries. This occurs amid a growing fuel supply crisis triggered by geopolitical tensions in the Middle East. The cargoes, sold through international traders on a Free on Board basis, […]

World

Nigeria’s CBN named ‘Central Bank of the Year’ globally

The Central Bank of Nigeria has been named Central Bank of the Year by Central Banking magazine. This recognition is in honour of sweeping reforms that restored macroeconomic stability and investor confidence in Nigeria. The award underscores what the magazine described as a “return to policy orthodoxy” under the leadership of CBN Governor, Olayemi Cardoso. […]

Finance

BudgIT report exposes states’ poor LG budget transparency

A new report by BudgIT has revealed that only 10 states in Nigeria have publicly accessible annual budgets for their Local Government Areas. The report, titled “The Missing Tier: Mapping Local Government Budget Transparency in Nigeria,” found that while six states provide partial data, as many as 18 states publish no LGA budget information at […]

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