FG, ILO Reaffirm Commitment To Eradicate Child Labour
By Barth Ikiebe The Federal Government and the International Labour Organisation (ILO) have reaffirmed commitment to eliminating child labour through …
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Tinubu Approves Expansion of Nigerian Army to 12 Divisions, Recruitment of 28,000 Personnel to Strengthen National Security
President Bola Ahmed Tinubu has approved the expansion of the Nigerian Army’s structure from eight to twelve divisions—a landmark move …
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Ex-DSS Director: How ex- Head of State, Sani Abacha Died on top of Girlfriend’s Sister During Sex
Retired Department of State Services DSS, Chief, Dennis Amachree, has offered what he describes as the most authoritative account yet …
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Senate Puts Tinubu Under Pressure Over Implementation of 2025 Budget
From Victor Osula, Abuja The President Bola Tinubu administration came under intense scrutiny on Monday after Senator Mohammed Tahir Monguno …
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Reps to Probe into Trillions in Recovered Assets Since 1999, Demand Full Audit of Anti-Corruption Agencies
From Victor Osula, Abuja The House of Representatives has initiated what is expected to be the most comprehensive legislative investigation …
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₦8.05bn Religious Projects Not an Excuse For Opaque Budgeting, Questionable Public Expenditure, Atiku Tells Tinubu
Former Vice President and Presidential Candidate of the African Democratic Congress (ADC), Atiku Abubakar, has challenged the Federal Government to …
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IMF Warns Rising Living Costs Will Worsen Poverty In Nigeria Despite Stronger Economic Growth Outlook
The International Monetary Fund (IMF) has warned that rising prices of essential goods will push more Nigerians into poverty and worsen food insecurity, even as it maintained a positive outlook for the country’s economic growth over the next two years. In its July 2026 World Economic Outlook (WEO) Update, the IMF retained Nigeria’s growth forecast at 4.1 per cent for 2026 and 4.3 per cent for 2027, citing improved macroeconomic stability and favourable terms of trade. According to Globalfinancial Digest, the Fund cautioned that persistently high prices for food and other necessities remain a major threat to household welfare. The IMF also downgraded its global growth outlook, projecting the world economy to expand by 3.0 per cent in 2026 and …
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FG Settles ₦333.12 billion Debt to Eight participating Power Generation Companies, Says Verheijen
Special Adviser to the President Bola Tinubu on Energy, Olu Arowolo Verheijen on Tuesday said the Federal Government has met it’s financial obligations to power companies under a settlement agreement. Speaking at the Investor Forum for the Presidential Power Sector Financial Reforms Programme (PPSFRP) – Series I, she said President Bola Ahmed Tinubu’s administration has demonstrated beyond doubt its commitment to making a clean break from the fiscal dysfunction that once defined Nigeria’s power sector. She said that through bold policy decisions and disciplined execution, the government is converting an unsustainable liability into a bankable, well-governed investment opportunity that the market can trust. “In February 2026, the Federal Government deployed approximately ₦501 billion, N300 billion in cash and roughly ₦201 …
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CBN Keeps Benchmark Interest Rate at 26.5 Percent
From Victor Osula, Abuja The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR), the country’s benchmark interest rate, at 26.5 percent. The decision was announced at the end of the Committee’s 306th meeting, held in Abuja on July 20 and 21, 2026. All 11 members of the Committee attended the two-day meeting, during which they reviewed recent domestic and global economic developments before unanimously deciding to leave the benchmark lending rate unchanged. The decision extends the CBN’s tight monetary policy stance as the apex bank seeks to sustain the moderation in inflation, preserve exchange rate stability and consolidate recent macroeconomic gains. The MPR serves as the benchmark for interest rates …
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FG Returns Assets To Licencing Pool as Investors Shun 13 Oil Blocks
Thirteen oil and gas blocks offered by the Federal Government in Nigeria’s 2025 Licensing Round failed to attract investor bids, forcing their return to the national licensing pool despite a competitive auction that generated about 200 bids from 143 qualified companies. The outcome of the country’s flagship upstream licensing exercise was announced on Tuesday in Abuja by the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, during the 2025 Commercial Bid Conference, where the Commission presented the results of the bidding process conducted under the Petroleum Industry Act (PIA) 2021. Although the exercise recorded strong investor participation, the inability of more than a quarter of the offered assets to secure commercial bids highlights the increasingly selective …
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Tinubu Signs Executive Order on Virtual Assets, Sets Up Council to Harmonize Regulation of Digital Economy
President Bola Ahmed Tinubu, has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, to harmonise the regulation of virtual assets, strengthen cooperation among the nation’s financial, revenue and capital markets agencies, protect citizens from fraud, and safeguard the integrity of the financial system while enabling responsible innovation. The President signed the Order pursuant to Section 5 of the Constitution of the Federal Republic of Nigeria, 1999 (as altered). The Executive Order takes effect immediately. According to Presidential Spokesperson, Bayo Onanuga, the order responds to a regulatory environment that has become fragmented as virtual assets increasingly blur the traditional boundaries between currencies, money, commodities and securities. “With relevant agencies operating in silos, overlapping in some areas and leaving gaps in …
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Atiku Fires Back At Obasanjo Over Bribery Claim, Says ex- President working for a Presidential Candidate
By Ayo Kehinde Former Vice President Atiku Abubakar has mounted a vigorous defence against former President Olusegun Obasanjo over allegations …
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PFIPC Probe: Budget Office Says No Kobo Was Released, Financial Controls Blocked ₦1.3bn Spending
From Victor Osula Abuja Accountant General of the Federation, Ogunjimi to appear on Monday Fresh revelations emerged on Friday in …
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Reps Passes State Police Bill Amid Minority Revolt
From Victor Osula, Abuja – The House of Representatives, on Thursday, handed President Bola Tinubu one of the biggest legislative …
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Yilwatda Challenges Opposition to Move Beyond Criticism as Aides Bag National Assembly Excellence Awards
The National Chairman of the ruling All Progressives Congress (APC), Professor Nentawe Goshwe Yilwatda, has challenged opposition leaders to move …
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ICPC Uncovers 908 Ghost Workers, Recovers ₦942m From Federal MDAs With Police topping List
From Victor Osula, Abuja The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has uncovered a massive payroll fraud …
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Atiku to Tinubu: ₦22.15bn Palace Budget Allocation Unconditional, Robbery
From Victor Osula, Abuja Presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has faulted President Bola Tinubu’s decision …
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Trump Lauds Tinubu’s Decisive Leadership Against Terrorists
US President Donald Trump has lauded President Bola Ahmed Tinubu for his decisive leadership “on behalf of the Nigerian people.” …
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The Prof Bart Nnaji Book, By Uzor Maxim Uzoatu
The Prof Bart Nnaji Book Uzor Maxim Uzoatu The capacious International Conference Centre, Enugu was filled to the brim on Friday, July 17 when the Prof Bart Nnaji Birthday Symposium, “Powering Tomorrow: 70 Years of Engineering the Common Good”, took pride of place. It was awe-inspiring beholding the gathered creme de la creme of Nigeria calling the shots with remarkable aplomb. The Presidential Fireside Chat of former President Olusegun Obasanjo moderated by the chairman of the editorial board of ThisDay newspaper, Olusegun Adeniyi, was a hit. The Keynote Address by HRH Khalifa Dr Muhammadu Sanusi II, Emir of Kano, flowed with grace and uncommon cadence. The Chief Host, Governor Peter Mbah, presented Enugu State as the most accommodating dreamland of all Nigerians. Governor Alex Otti of Abia State in whose domain Prof Nnaji’s Geometric Power Group is situated was as ever his resourceful self. The man who’s the issue in Nigeria today, Mr Peter Obi, stood strong amid the consummate attention. The celebrant, Prof Bart Nnaji, was quite radiant with his adorable wife, Mrs Agatha Nnaji, aka OsoDi. The event also marked the unveiling of the book, Bart Nnaji – The Challenge of Facing the Future, which I wrote. To borrow the words of the legendary poet, Christopher Okigbo, I was “the shrub among the poplars/Needing more roots/More sap to grow to sunlight/Thirsting for sunlight/A low growth among the forest.” When the book reviewer, Prof Okey Ndibe who had flown in from the United States with his personable wife, Sheri, asked me to stand up to be recognized, I disappeared! His Eminence Eze (Dr) Engr. Eberechukwu Kanu Oji, Eze Aro IX, the 9th Monarch of the Ancient Arochukwu Kingdom undertook the charge of the book presentation of Bart Nnaji – The Challenge of Facing the Future. After the event, my mischievous friends have been ribbing me with the charge of making tons of money, but I cannot get tired of telling them that the book is not an exercise in money-making whatsoever. I believe in the philosophy of the master music producer of Michael Jackson’s “Thriller”, the American Quincy Jones who said: “God walks out of the room when you’re thinking about money.” The joy for me is having the chance to work with a man of integrity, Prof Bart Nnaji, a personage everybody would want to be associated with. The challenge initially was working out the size of the book to be written – whether to write a fat tome purporting to accommodate all of Prof Nnaji’s global accomplishments or paring down the book into a concise volume to inspire general readers. A durable associate of Prof Nnaji, Dr. C. Don Adinuba, former Anambra State Commissioner for Information, advised me to follow the course of concision as championed by Dr Stanley Macebuh, founding managing director of The Guardian, who had stated that any writer who cannot tackle his subject in 800 words knows nothing about the subject! It’s far easier to transcribe the entirety of an interview and publish it as a fat book than gleaning for true meaning to publish a slim book …
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David Umahi: Collapsing The Boundaries Of Reason, By Promise Adiele
Many people argue that government officials in Nigeria wield metal shields to protect themselves from justice after willfully breaking the …
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Trial of Five, Accused of Hiding Ex-Minister Timipre Sylva Stalled as Court Adjourns to October
From Victor Osula, Abuja The trial of five men accused of concealing the whereabouts of former Bayelsa State governor and …
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