The Federal Government has said the removal of fuel subsidy and reforms in Nigeria’s foreign exchange market generated an estimated ₦15.8 trillion in additional resources for the federation between June 2023 and December 2025. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed the figure on Wednesday while presenting the Government’s … Read more
The Nigerian Army has arrested 18 suspected illegal miners during an operation in Izom, Gurara Local Government Area of Niger State, recovering cash and equipment allegedly linked to unauthorised mining activities. The suspects were apprehended by troops of the 102 Guard Battalion during a routine operation in the area after the soldiers discovered an active … Read more
The Nigerian Electricity Regulatory Commission has given Kaduna Electricity Distribution Plc a 12-month deadline to improve its operations, reduce electricity losses and close its persistent metering gap as the regulator intensifies efforts to rescue the troubled distribution company. The directive was issued to the newly constituted Interim Board of Special Directors and the Interim Administrator … Read more
Lagos State has received a major boost to its electricity transmission infrastructure following the commissioning of upgraded substations at Ijora and Apapa Road, with the Federal Government adding 208 megawatts of bulk transmission capacity to the national grid. The projects, commissioned on Monday, August 17, 2026, are expected to strengthen electricity delivery to several industrial, … Read more
Rivers State Governor, Siminalayi Fubara, is set to begin the commissioning of 10 major projects across the State as his administration intensifies efforts to deliver infrastructure and public facilities to communities across the 23 local government areas. The commissioning exercise is scheduled to begin on Monday, August 17, 2026, and will continue until August 28, … Read more
The Federal Ministry of Finance has come under scrutiny over unresolved financial issues contained in the Nigeria Extractive Industries Transparency Initiative’s audit of the oil and gas sector, with officials pointing to difficulties in obtaining records from key petroleum agencies, particularly the Nigerian National Petroleum Company Limited. The disclosure was made on Thursday, August 13, … Read more
President Bola Ahmed Tinubu has assured petroleum workers that Nigeria’s Government-owned refineries will return to sustainable operations, insisting that the facilities must not only restart but also become commercially viable and beneficial to the Nigerian economy. Tinubu gave the assurance on Thursday, August 13, 2026, when he received the newly elected leadership of the Nigeria … Read more
Former Toyota Motor Corporation President and Chairman, Hiroshi Okuda, one of the executives credited with transforming the Japanese automaker into a global powerhouse, has died at the age of 93. Toyota confirmed his death on Wednesday, August 12, 2026, although the company did not immediately disclose the date or cause of death. Okuda remains closely … Read more
Oil prices extended their recent gains on Tuesday as uncertainty surrounding the reopening of the Strait of Hormuz continued to unsettle global energy markets and revive concerns about inflation. The latest movement came as hopes of a quick agreement between the United States and Iran appeared to weaken, with both sides maintaining positions that could … Read more
Former Ekiti State Governor, Ayodele Fayose, has officially assumed the position of Chairman of the Governing Board of the Rural Electrification Agency (REA), pledging to deploy his political influence and experience to strengthen the Agency and expand electricity access to underserved communities across Nigeria. Fayose was formally inaugurated on Friday, August 7, 2026, in Abuja … Read more