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The member representing Awka North and South Federal Constituency in the House of Representatives, Professor Oby Lilian Orogbu, has been awarded the Legislator of the Year award at the 5th edition of the Anambra Man of the Year (AMTY) awards. The award was presented to the lawmaker at a gathering that brought together distinguished personalities and prominent voices from across …

The Federal Government has announced that 13 oil and gas blocks offered during the 2025 Licensing Round will be withdrawn from the current bidding process because they failed to attract investor interest. The disclosure was made on Tuesday in Abuja by the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, during the 2025 Commercial Offering Conference. …

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) maintained its benchmark interest rate at 26.5 percent for the second time. CBN Governor, Olayemi Cardoso, announced the decision on Tuesday at the end of the 306th meeting of the committee in Abuja. Cardoso said, “The committee decided as follows: maintain the monetary policy rate at 26.5 percent.” …

A former deputy director of the Department of State Services, Dennis Amachree, has said Nigeria’s late head of state, General Sani Abacha, died of cardiac arrest during an intimate gathering at the presidential villa in Abuja, dismissing years of conspiracy theories about the military ruler’s death. Amachree made the revelation in her newly released memoir, DSS @40: My Journey Behind …

The Senate on Tuesday passed a bill that seeks to rename the National Insurance Commission (NAICOM) as the Insurance Regulatory Commission (IRC) as part of efforts to strengthen regulation and oversight of Nigeria’s insurance sector. The bill was passed after lawmakers considered in plenary the report of the Senate Committee on Banking, Insurance and Other Financial Institutions. If it eventually …

The Nigerian Civil Aviation Authority (NCAA) has revealed that Indigenous airline, Max Air refunded N182 million to 956 passengers in the second quarter (Q2) of 2026. The NCAA acknowledged the refunds in a post on X on Tuesday, but urged the airline to resolve passenger refund claims more quickly in accordance with Section 19 of the 2023 NCAA Rules. “In …

The Federal Government of Nigeria (FGN), through the Debt Management Office (DMO), conducted a bond auction yesterday, offering a total of $1.2 trillion across three reopened maturities. According to a circular obtained by the authority, the size of the offering remained unchanged from June, reinforcing the government’s high financing requirements amid persistent fiscal pressures. The issuance will be evenly split, …

Executive Deputy Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC) Aminu Maida highlighted the need for telecommunications regulators across Africa to establish a more deliberate, systematic and beneficial exchange of experiences for their organizations. Maida made this call on Tuesday at the Head of Regulators Roundtable event themed ‘Building an African Networked Intelligence Ecosystem for Evidence-Based Regulation’, …

The Presidential Aspirant of the People’s Redemption Party (PRP) in the 2027 general elections, Eng. (Dr.) Yakubu Mohammed Kingsley (YMK)), expressed concern over the various challenges facing the country as the 2027 general elections approach. According to him, Nigerian blood should not be shed because of politics. In a statement he personally signed and made available to journalists in Abuja, …

The Minister of Finance and Coordinating Minister for the Economy, Taiwo Oyedele, has explained that the sharp rise in the profile of Nigerian departments is largely due to the depreciation of the naira, and not necessarily due to new borrowings by the Federal Government. Oyedele made the clarification on Monday while addressing the Senate committee on finance on the state …