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Tuesday, May 5, 2026

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Business

NNPC Turns to China for Refinery Revival After $2.39bn Rehabilitation Setbacks

Nigeria’s state oil company has moved to revive its long-troubled refining sector by seeking new international partners, following years of costly but underperforming rehabilitation...

Hardship Bites Harder as Food Prices Soar, “Corporate Begging” Stages Comeback

A deepening cost-of-living crisis is tightening its grip on Nigerians, as residents of the Federal Capital Territory (FCT), like others all over the country,...

NNPC’s ₦210 Trillion Missing Money or Fairy Tale? Youth Group Dares Senate: Show Your Math or Simply Shut up

A  youth coalition has thrown down the gauntlet to the Senate over its headline-grabbing ₦210 trillion NNPCL figure, calling the claim “a scandal that...

China to Open Market Fully to Africa as Zero-Tariff Policy Takes Effect May 1

China will implement a zero-tariff policy on goods from 53 African countries beginning May 1, 2026, in a move expected to significantly boost trade...

Tinubu Seeks Fresh $516.3 Million Loan For Construction of Sokoto–Badagry Superhighway

By Obioha Victor President Bola Tinubu has requested Senate approval to secure a $516.3 million loan from Deutsche Bank AG. The borrowing would be backed...

FAAC Disbursements Hit N2.036trn in March as Tinubu-Era Allocations Surge Past N30trn

The Federation Account Allocation Committee (FAAC) has shared N2.036 trillion as revenue for March 2026, reinforcing a historic surge in public revenue distribution under...

Tinubu Reshuffles Cabinet, Removes Edun, Dangiwa; Elevates Oyedele, Nominates Darma

President Bola Ahmed Tinubu has approved a minor reshuffle of the Federal Executive Council (FEC), removing the Minister of Finance, Wale Edun, and the...

Tinubu’s ₦3.3tn Power Sector Payout Elicits Hope – and Skepticism – in Nigeria’s Long Struggle with Unreliable Electricity

President Bola Tinubu has approved a ₦3.3 trillion payment plan aimed at clearing a decade-long backlog of debts in Nigeria’s troubled power sector, a move...

Amid Rising Fiscal Pressures and Debt Concerns NASS Approval of ₦68.3trn 2026 Budget Stirs Concern

Nigeria’s National Assembly has approved a ₦68.3 trillion budget for the 2026 fiscal year, marking one of the largest spending plans in the country’s...

Approval of $6bn Loan in 4hours: Atiku slams Tinubu, Senate

Press Statement Former Vice President and chieftain of the African Democratic Congress, Atiku Abubakar has expressed deep concern over reports that the Senate approved...

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