The Federal Government has commenced the implementation of Executive Order 9 of 2026, which mandates the direct remittance of oil revenues to the Federation Account Allocation Committee. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this in a statement issued on Monday, detailing key resolutions reached at the meeting. This […]

Alex Otti has reacted to the sealing of offices belonging to Globacom in Abia State, stating that his administration will continue to respect and abide by the order of the court. The Globacom offices in the state were sealed on Friday, February 6, 2026, following an order of the Abia State High Court over the […]

Twelve Nigerians have been rescued after a Nigerian tugboat, LEO, carrying 18 persons sank in South African waters late Saturday night, with one person confirmed dead and search and rescue operations still ongoing for five others who remain missing following the maritime incident. In a press statement signed by Special Assistant on Communication and New […]

The Chairman of the Independent National Electoral Commission, Prof. Joash Amupitan, has assured Nigerians that the commission has the capacity to electronically transmit election results in 2027, but cautioned that it may not be able to guarantee a “100 per cent perfect election.” Amupitan spoke on Sunday at the Citizens’ Town Hall programme aired live […]

Nigeria could earn an extra $1.3 billion in crude sales in March as spiralling Middle East tensions threaten to trigger a supply shock that may see prices rally to $100 to $150 per barrel amid widespread fears of a possible disruption of the Strait of Hormuz. The fiscal gain, however, may cause a significant short-term […]

The Police Service Commission on Wednesday said Adamawa State recorded the highest number of applicants in the ongoing recruitment into the Nigeria Police Force, as 616,873 applications were received nationwide. Of the total applications received, the PSC said 434,604 were qualified for further screening, while 121,596 were unqualified and 60,673 submissions were invalid. On gender […]

Justice Joyce Abdulmalik of the Federal High Court in Abuja has fixed April 23 for the arraignment of former Governor of Kaduna State, Nasir Ahmad El-Rufai, in the cybercrimes and breach of Communications Act charges brought against him by the Federal Government The Federal Government’s bid to arraign El-Rufai today could not proceed due to […]

Dr. Peter Akpe has been unveiled as the sixth Deputy Governor of Bayelsa State to complete the remaining two years of the present administration, having been cleared by the State House of Assembly on Tuesday. The Deputy Governor swearing-in ceremony took place on Wednesday at the Bayelsa State exco chamber, Yenegoa, alongside the inauguration of […]

The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 b basis point from 27 percent to 26.5 percent. The Governor of the CBN, Mr. Olayemi Cardoso, disclosed this at the end of the 304th meeting of the Monetary Policy Committee (MPC) today in Abuja. According to him, the bank […]

The Inspector-General of Police, Kayode Egbetokun on Tuesday resigned from office, paving the way for the appointment of Assistant Inspector-General of Police, Tunji Disu, as the new police boss ahead of the 2027 general elections. Disu, who was promoted to the rank of AIG in March 2025, is expected to take over from Egbetokun who […]

A new partnership between the Rural Electrification Agency (REA) and Lotus Bank is set to improve rural electrification in the country with N100 billion in project funding. Meanwhile, the House of Representatives has explained that its proposal requiring Ministries, Departments and Agencies (MDAs) to source at least 50 per cent of their electricity needs from […]

The fixed income market opened 2026 on a strong note, with total turnover rising sharply to N28.1 trillion in January, representing a 45.7 per cent month-on-month increase from N19.32 trillion recorded in December 2025. Latest data from FMDQ Securities Exchange in January showed that the N8.83 trillion expansion in activity was driven by increased transactions […]