News as it breaks
The Federal Government of Nigeria lost approximately 13.5 million barrels of crude oil, valued at $3.3 billion, to oil theft and pipeline sabotage between 2023 and 2024, according to the Nigerian Extractive Industries Transparency Initiative (NEITI). The revelation was made by NEITI Executive Secretary, Dr. Ogbonnaya Orji, at the 2025…
Vice President Kashim Shettima has declared that Nigeria has officially exited its phase of economic instability, assuring both local and international investors that there has never been a more opportune time to invest in the country. Speaking at the opening ceremony of the Bauchi Investment Summit 2025 on Wednesday, October…
The National Bureau of Statistics (NBS), in partnership with UNICEF, is preparing to commence the seventh round of the Multiple Indicator Cluster Survey (MICS7)—Nigeria’s most comprehensive data-gathering exercise on women, children, and vulnerable populations. This was disclosed in an official statement released on Tuesday by Alesanmi Folorunso, Head of Communication…
President Bola Tinubu has formally requested the House of Representatives to approve a new external borrowing plan totaling $2.35 billion, aimed at financing the 2025 budget deficit and refinancing a maturing Eurobond. The request was contained in a letter addressed to Speaker Tajudeen Abbas, which was read aloud during plenary…
The Federal Airports Authority of Nigeria (FAAN) has officially launched its Go-Cashless Policy at the Nnamdi Azikiwe International Airport, Abuja, as part of a nationwide plan to phase out cash payments at all FAAN-managed airports by March 2026. The move, which aims to enhance transparency, improve user experience, and significantly…
President Bola Ahmed Tinubu has stated that the recently launched ₦200 billion intervention fund for Micro, Small, and Medium Enterprises (MSMEs) and manufacturers is designed to tackle structural barriers, boost competitiveness, and unlock Nigeria’s full productive potential. Speaking at the opening session of the 31st Nigerian Economic Summit in Abuja…
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has attributed the recent cooking gas scarcity in Nigeria to temporary loading delays caused by the strike action led by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). Ojulari made this known…
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has described Nigeria’s youth as the country’s most valuable asset, urging them to step up and take leadership roles in driving economic stability, innovation, and inclusive growth. Cardoso made the remarks on Friday during the inaugural CBN Governor Annual Lecture…
The Lagos State Government has defended the recent demolition of structures at the Trade Fair Complex in Ojo, insisting that the exercise was based on technical planning violations and not motivated by ethnic bias. Speaking during a television interview on Thursday, the Commissioner for Physical Planning and Urban Development, Olumide Oluyinka,…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has officially suspended its nationwide strike, following high-level negotiations involving the National Security Adviser and the management of Dangote Refinery. PENGASSAN President, Festus Osifo, announced the development on Wednesday during a press conference in Abuja, saying the suspension was…
