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For decades, Nigeria’s economic narrative was inextricably linked to crude oil. Federal income and foreign exchange earnings were primarily dependent on oil exports, leaving the country vulnerable to global price shocks. Investors and experts focused on this weakness, knowing that any disruption in the oil market might have far-reaching consequences for the economy. These […]
Donald Trump has reportedly claimed a staggering $4.5 billion gain from a strategic investment in Intel, sparking intense discussion within financial and political circles. The claim centers on his assertion that his involvement and public backing of the tech giant’s domestic manufacturing expansion contributed to a massive surge in the company’s valuation and his personal […]
Egypt has increased natural gas prices for major industries, signalling a deeper push to cut subsidies as rising import costs and declining domestic output strain the country’s energy balance. A government decree published on Sunday showed the new prices took effect in May, targeting energy-intensive sectors such as cement, iron and steel, fertilisers […]
Africa’s response to recent global fuel disruptions is increasingly being shaped by a single industrial asset in Nigeria, as Aliko Dangote’s $20 billion Dangote Petroleum Refinery, built with support from India and China, begins to reduce the continent’s reliance on imported fuel and challenge European and US refining dominance. Supply shocks linked to […]
At least four persons have been killed at a mining site in Mazat Community of Ropp District, Barkin Ladi Local Government Area of Plateau State. The President of the Berom Youth Moulders Association (BYM), Dalyop Solomon Mwantiri, has called for a new security strategy to address rising insecurity in the state. In […]
In a move that has sparked a fierce national debate over the boundaries of free speech and military discipline, the Nigerian Army has officially handed over social media influencer, Justice Mark Chidiebere, popularly known as Justice Crack, to civilian authorities for prosecution. The arrest, which took place following an investigation concluded on May 2, 2026, […]
Nigeria has emerged as the number one destination for energy investments in Africa over the past two years, driven by sweeping reforms introduced by President Bola Tinubu’s administration, a new government report has revealed. The report obtained by our correspondent on Monday, detailing a three-year review of Nigeria’s energy sector reforms from 2023 […]
A Federal High Court in Abuja has ordered the remand of the former Chairman of the defunct Skye Bank Plc, Tunde Ayeni, at the Kuje Correctional Centre. This follows his arraignment by the Economic and Financial Crimes Commission (EFCC) over his alleged involvement in an N8 billion fraud case. During the proceedings, the prosecution detailed […]
Senator Seriake Dickson has urged Nigerians to disregard what he termed as “malicious propaganda” surrounding the registration and activities of the Nigeria Democratic Congress (NDC). The former Bayelsa State Governor emphasized that the party is a legitimate political entity focused on providing a viable alternative for the country’s democratic future. In a statement addressing recent […]
The Russian government has announced a unilateral ceasefire for May 9, 2026, in observance of Victory Day, the annual holiday commemorating the Soviet Union’s defeat of Nazi Germany in World War II. The Kremlin stated that the truce is intended to allow for peaceful celebrations and to honor the historical significance of the day. However, […]
