Business

Eurafric Energy suffers setback in Dawes-Island v FG case

*FGN appeals against High Court ruling Eurafric Energy’s appeal against the Federal Government’s revocation of its expired licence, which granted it the management of the Dawes-Island marginal field, has suffered a major setback as the Federal High Court in Lagos dismissed in its entirety the case brought against the Federal Government. The operator’s license, which expired in June 2003, was …

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2026: Fayose distributes food items to promote Oyebanji’s re-election

Post views: 183 Barely 72 hours before the 2026 Ekiti State governorship election, former governor of the state, Ayodele Fayose, has distributed groceries to residents. Fayose, who strongly supports the re-election of Governor Biodun Oyebanji, offered assistance to the less privileged in solidarity with the incumbent president ahead of the election. The distribution exercise …

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Inspector loses assault rifle and ammunition after suspected thieves steal car at Kogi government headquarters

A police inspector attached to the security of the Kogi State Government House in Lokoja has lost an assault rifle and 30 live rounds after suspected thieves stole his vehicle and made off with the weapon in a brazen overnight incident. The officer concerned, identified as Inspector Mohammed Abdullahi, is said to have parked his Toyota Camry with registration number …

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IMF: Nigeria is a reform paradox: growth increases, reserves increase, but 63% live in poverty – THIS UPDATE

Nigeria’s sweeping economic reforms have produced stronger growth, lower inflation and improved external reserves, but millions of Nigerians continue to face worsening hardship, according to the International Monetary Fund (IMF). In its latest Article IV consultation report, the International Monetary Fund said poverty increased to 63% of the population, while about 27 million Nigerians faced food insecurity at the end …

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NBC launches digital broadcast platform to expand access to information in Nigeria

The National Broadcasting Commission (NBC) has unveiled a new digital broadcast initiative aimed at improving access to information, strengthening Nigeria’s media landscape and accelerating the transformation of the country’s digital economy. The initiative, called “The Big Picture” and supported by digital broadcasting platform Free TV, was officially launched in Abuja. NBC Director General Charles Ebuebu described the platform as an …

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Nigeria spends £23 billion on palm oil imports despite its status as a top producer

…Cocoa powder imports reach ₦9.55 billion as agricultural trade deficit widens According to foreign trade data, Nigeria spent about ₦23 billion importing crude palm oil from neighboring West African countries by the first three months of 2026, despite being one of Africa’s largest producers of the commodity. Data obtained from the Foreign Trade Statistics report published by the National Bureau …

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Nigeria: legitimizing terrorism and banditry?, by Promise Adiele – THISAGE

Many things in life defy basic understanding, rationality, or explanation. Some puzzles defy solution no matter how hard you try to figure them out. Sometimes, the search for answers to some contradictions numbs sensitivity. However, the man with a balanced conscience must resist the temptation to reconcile some anomalies with sensitivity. We must therefore continue to ask questions, to challenge …

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