The Federal Government yesterday, in Abuja, issued a fresh N728.98 billion Series 2 bond under its N4 trillion Power Sector Multi-Instrument Issuance Programme to settle verified legacy debts owed to 11 electricity generation companies (GenCos), even as the sector continues to struggle with a yearly revenue shortfall of about N1.7 trillion. The latest issuance comprises […]
Security agencies have heightened surveillance around schools, NYSC orientation camps, places of worship and other vulnerable locations following intelligence indicating plans by terrorists to launch coordinated attacks across the country. The Nigeria Police Force, in a security alert circulated to its formations nationwide, warned of planned attacks that could coincide with the resumption of the […]
Deposit Money Banks in Nigeria closed a net 476 branches and cash centres between 2022 and 2025, reducing their physical footprint by 8.8 per cent in three years, according to data from the Central Bank of Nigeria. Figures contained in the CBN’s 2025 Statistical Bulletin for the Financial Sector showed that the number of bank […]
The Federal Fire Service (FFS) has joined global leaders to formally sign the World Fire Congress (WFC) Founding Principles, a shared commitment to strengthening international cooperation, advancing fire safety, and building resilient communities through collective action. The landmark signing, which took place during the closing ceremony of the first WFC, establishes a robust framework for […]
The Federal Government has fixed September 18, 2026, as the deadline for ministries, departments and agencies to submit their personnel cost proposals for the 2027 budget. The directive is part of the government’s plan to present the 2027 Appropriation Bill to the National Assembly in September and improve the country’s budget cycle. Politics Nigeria gathered […]
Nigerians may face another round of higher transport fares and food prices following Dangote Petroleum Refinery’s latest increase in the price of Premium Motor Spirit (PMS), popularly known as petrol. The refinery raised its petrol gantry price from N1,265 to N1,350 per litre, effective Saturday, September 12, representing an increase of N85. The adjustment is […]
Troops of Operation Hadin Kai have arrested six kidnappers operating around Soktu Hill in Song Local Government Area of Adamawa State. The Army also said it received a surrendered Boko Haram/ISWAP terrorist at Borgozo in Benisheikh, Kaga Local Government Area of Borno State. The Acting Military Information Officer, North-East Joint Task Force, Operation Hadin Kai, […]
The Bamboo investment app has experienced login difficulties as a surge of users attempt to access the platform following the commencement of the Dangote Refinery and Petrochemicals FZE public offer. The development has left some users unable to log into the app, with Bamboo acknowledging the disruption in a statement shared on its official X […]
The Debt Management Office has announced an offer of two Federal Government of Nigeria bonds valued at N1tn for subscription at N1,000 per unit. The DMO, in a statement on Monday, said the first offer was a new 10-year FGN bond valued at N400bn and due in September 2036. The second was a N600bn reopening […]
The Nigeria Immigration Service has extended its Special Passport Intervention Exercise in the United Kingdom to October 3, 2026, following a high turnout of applicants in London and Manchester. The Service said the exercise had been progressing smoothly at both centres despite initial challenges experienced on the first day. In a statement signed by the […]
