Petroleum product marketers on Monday lamented their losses as the Nigerian National Petroleum Company Limited reduced the price of Premium Motor Spirit (petrol) to N880 per litre in Lagos and N935 in Abuja. From N925, some NNPC retail outlets in Lagos changed their pump price to N880 on Easter Monday, while those in Abuja adjusted […]

Kaduna Electric has reaffirmed its commitment to improving power supply in Kebbi State, while also acknowledging the challenges posed by grid instability and other systemic issues. This comes in response to the recent formation of a committee by Kebbi State Governor Dr Nasir Idris to address persistent power outages and concerns about the electricity distribution […]

President Bola Tinubu on Tuesday felicitated Alhaji Ibrahim Sulu-Gambari, the Emir of Ilorin, on his 85th birthday. The President commended Sulu-Gambari, the Chairman of the Kwara State Council of Traditional Rulers, for his unwavering commitment to nation-building, demonstrated by his consistent advocacy for unity, peace, and progress. He thanked the Emir for his services to […]

Burkina Faso’s military-led government has announced that it successfully thwarted what it described as a “major coup plot” targeting junta leader, Captain Ibrahim Traoré, according to a report by the BBC on Tuesday. Burkina Faso’s Security Minister, Mahamadou Sana, disclosed in a televised address on Monday that both active and retired soldiers, allegedly working in […]

The Federal Government announced, on Monday, that it generated N6.96 billion in mining fees and registered 118 new private mineral buying centres in the first quarter of 2025. Speaking at the second Annual Mining Conference organised by BusinessDay newspaper in Abuja, the Minister of Solid Minerals Development, Dr. Dele Alake, said the revenue reflects the […]

President Bola Tinubu is reportedly planning to meet with the service chiefs to discuss the rising killings in Plateau, Benue and other parts of the country. The President returned to the country on Monday night from his 18-day working visit to Paris and London. The Air Force 001 aircraft conveying the President landed at the […]

There is no going back on rebuilding credibility through orthodox monetary policy, transparency and consistency, the governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said. At an engagement before the commencement of the International Monetary Fund (IMF) and World Bank Group (WBG) Spring Meetings today, the CBN partnered with J.P. Morgan, the […]

Gold reached $3,500 an ounce for the first time Tuesday, as US President Donald Trump’s tariffs and verbal attack against the Federal Reserve sent investors snapping up the safe haven asset. The precious metal reached an all-time high $3,500.10 an ounce before pulling back to $3,467.87.

The manufacturing sector continues to groan under the weight of multiple grid failures and high energy costs, resulting in N1.11 trillion in alternative energy bills last year. The figure, as disclosed by the Manufacturers Association of Nigeria (MAN) Economic Review for the Second Half of 2024, is a significant increase (42 per cent) from N781.7 […]

This is as Nigerians accounted for one in 30 UK asylum claims over the period, ranking 11th on the Home Office’s newly released year-end Asylum and Resettlement statistics. According to the Home Office, nearly twice as many Nigerians (2,841) applied for asylum in 2024 as in 2023 (1,462). Overall, 2024 saw the highest number of […]

Tributes continue to pour for the late Pope Francis as the Vatican announced yesterday that the Pope died of stroke that led to coma and heart failure. A death certificate which was published by the Vatican noted that the cerebral stroke led to a coma and irreversible heart failure. Noted for his very simple and […]

Imports of Premium Motor Spirit (petrol) have plunged from 44.6 million litres a day in August 2024 to 14.7 ML by 13 April 2025—a fall of roughly 30 ML, or 67 per cent, according to the latest Nigerian Midstream and Downstream Petroleum Regulatory Authority supply tracker. The Authority’s Chief Executive Officer, Farouk Ahmed, disclosed this to State House correspondents on Tuesday during the sixth edition of the Meet-the-Press […]