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Dangote Refinery Helped Stabilise Naira, Ease Forex Pressure — Afreximbank

President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), George Elombi, has said the Dangote Petroleum Refinery has played a significant role in stabilising the naira by reducing Nigeria’s reliance on imported petroleum products. Speaking at a mid-year media roundtable in Abuja on Wednesday, Elombi revealed that Afreximbank approved $2.5 […]

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July 1, 2026
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Business

Four Universities Win ₦235m, Centre of Excellence Building at Maiden Nigerian Engineering Olympiad

(L-R): Alexis Emelle, General Manager, Human Capital Development, Nigerian Content Development & Monitoring Board (NCDMB); Silas Omomehin Ajimijaye, Director, Planning Research & Statistics (NCDMB); Smart Sharon; Dr David Patrick; Abel Philip, winner of Nigerian Engineering Olympiad (NEO) from Modibbo Adama University of Technology, Adamawa State; Engr Abayomi Bamidele, Director, Project Certification and Authorization (NCDMB); and […]

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July 1, 2026
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Breaking News

Niger Delta: Piracy, Armed Robbery Have Declined — Defence Minister

The Federal Government has reaffirmed its commitment to strengthening security in the Niger Delta to boost crude oil production, with the Minister of Defence, Christopher Musa, saying piracy, armed robbery and other criminal activities in the region have significantly reduced. Speaking after a closed-door meeting with key stakeholders in the oil and gas sector at […]

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July 1, 2026
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Business

DisCos rake in N801bn despite persistent power outages

Electricity Distribution Companies (DisCos) generated a combined N801.16 billion in revenue from electricity consumers between January and April 2026, despite months of widespread blackouts and unstable power supply across Nigeria, according to data from the Nigerian Electricity Regulatory Commission (NERC). NERC’s commercial performance reports showed that the 11 DisCos collected N204.74 billion in January, N196.68 […]

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July 1, 2026
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Presidency

Why I approved NYSC reforms — Tinubu

President Bola Tinubu has explained that the recent reforms to the National Youth Service Corps (NYSC) are aimed at equipping young Nigerians with practical skills, enhancing their employability and preparing them to contribute more effectively to national development. In a statement shared on his X account on Wednesday, Tinubu said the reforms, approved by the […]

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July 1, 2026
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Breaking News

Ex-Science Minister Uche Nnaji arrested at Abuja airport over alleged certificate forgery

Former Minister of Science and Technology, Uche Nnaji, was arrested on Wednesday at the Nnamdi Azikiwe International Airport shortly after arriving from Enugu aboard a chartered flight. Authoritative airport sources confirmed the arrest, saying Nnaji is expected to be handed over to the Independent Corrupt Practices and Other Related Offences Commission for interrogation. The arrest […]

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July 1, 2026
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Health

Ebola outbreak could cost Africa $3.6bn, UN warns

The United Nations has warned that the ongoing Ebola outbreak in the Democratic Republic of the Congo (DRC) could cost African economies up to $3.6 billion, eliminate tens of thousands of jobs and push nearly one million more people into poverty if the crisis worsens. In a statement, the United Nations Development Programme (UNDP) said […]

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July 1, 2026
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Business

CBN revokes licences of 46 microfinance banks over regulatory breaches

The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks nationwide for failing to meet key regulatory requirements for continued operations. The apex bank announced the decision in a statement issued on Wednesday by its Acting Director of Corporate Communications, Hakama Sidi-Ali, saying the revocation took effect from July 1, […]

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July 1, 2026
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Presidency

Climate Change Alters Nigeria’s Rainfall, FG Urges Flood Preparedness

The Federal Government has urged Nigerians to begin immediate preparations for possible flooding as the rainy season intensifies, warning that climate change has significantly altered the country’s rainfall patterns and increased flood risks across several states. Special Assistant to the President on Climate Change Matters, Yussuf Kelani, said recent flooding in Lagos and other parts […]

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July 1, 2026
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Uncategorized

Court Grants Diezani Permission to Present UK Acquittal Evidence in Asset Forfeiture Suit

The Federal High Court in Abuja has granted former Minister of Petroleum, Diezani Alison-Madueke, permission to present evidence of her acquittal by the Southwark Crown Court in her ongoing legal battle to reclaim forfeited assets. Justice Inyang Ekwo approved the application after Diezani’s lawyer, Godwin Iyinbor, requested leave to file a supplementary affidavit containing the […]

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July 1, 2026
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