Cross-Regional Coalition of 50 Lawmakers Demand Nnamdi Kanu’s Release
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In a surprising turn of events, a diverse group of 50 members of the House of Representatives has united across party lines and regional divides to advocate for the release of Nnamdi Kanu, the controversial … Read more
Nigeria’s Gas Shortfall Plunges 60% of Ghana into Darkness: ECG Reports 1,000 MW Deficit
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The recent energy announcement from Ghana’s Electricity Company (ECG) has illuminated a stark reality: West Africa’s energy interdependence is both its strength and its Achilles’ heel. The ECG’s declaration of a three-week power rationing schedule, … Read more
From 36 States to 8 Regions, Fapohunda’s Bill for Devolution of Power and Regional Autonomy
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Key takeways from Afenifere Chieftain’s Proposal: The draft bill proposes restructuring Nigeria into a regional system of governance with eight geo-political regions. It advocates for a two-tier government system, with regional governments having executive and … Read more
Naira Surge to 1,244/USD Freezes FX Trade, Turnover Slides $3.5 Bln
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Nigeria’s foreign exchange market turnover plummeted in April, according to the latest FMDQ Exchange report. Total spot forex turnover nosedived 27.68% from March levels to $9.12 billion amid a dramatic strengthening of the naira against … Read more
Naira Bond Yields Invert as Inflation Surges Above 33%
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Nigeria’s sovereign bond yield curve inverted in April as rising inflation eroded real returns across all maturities, according to the latest FMDQ Exchange data. The spread between 3-month and 10-year government bond yields narrowed to … Read more
Nigeria’s .ng Domain Gains Momentum, Over 215,000 Businesses On Board
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Nigeria’s homegrown internet domain, .ng, is experiencing a surge in popularity, with over 215,000 businesses now embracing the locally-branded online identity. The Nigerian Internet Registration Association (NiRA), the custodian of the country’s top-level domain, is … Read more
Nigerian Prince Ebuka’s Killing by S.Africa Cops Draws Ire, Union Seeks Justice
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The Nigerian Union in South Africa (NUSA) has expressed outrage over the killing of Prince Ebuka, a 43-year-old Nigerian national from Obosi, Anambra State, who lost his life in Danielskuil, Northern Cape, South Africa, on … Read more
Atiku Offers Support to Obi for 2027 If PDP Picks S’East
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The former Vice President, Atiku Abubakar, has stated that he would rally behind Peter Obi, the Labour Party’s flagbearer in the 2023 presidential election, should his own party, the Peoples Democratic Party (PDP), decide to … Read more
Aliko Dangote’s Mega Refinery Turns to American Crude to Meet Demand
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The Dangote Oil Refining Co. has cast its gaze across the Atlantic in its quest for crude feedstock, issuing tenders to purchase a whopping 24 million barrels of black gold from American shores over the … Read more
Fiscal Harmony: N1.208 Trillion Distributed Across Nigeria’s Tiers of Government
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In a resounding display of commitment to grassroots development, the Federation Accounts Allocation Committee (FAAC) has orchestrated a harmonious distribution of wealth, ensuring that the lifeblood of prosperity courses through the veins of our beloved … Read more