• Honour our invitations or face sanctions, Senate warns MDAs

    Honour our invitations or face sanctions, Senate warns MDAs
    By Henry Umoru, AbujaThe Senate on Thursday warned Ministries, Departments and Agencies (MDAs) and Government-Owned Enterprises (GOEs) against failure to honour invitations issued by the chamber or its committees, saying defaulting institutions would face sanctions.The warning followed the Senate’s concern over the refusal of some agencies to appear before the Senate Committee on Finance during interactive sessions on internally generated revenue, operating surpluses and remittances into
  • Dollar to Naira exchange rate today, July 29, 2026

    Dollar to Naira exchange rate today, July 29, 2026
    The Nigerian Naira opened trading on Wednesday, July 29, 2026, maintaining relative stability against the United States dollar across both the official Foreign Exchange Market (NFEM) and the parallel market.Data from the official Nigerian Foreign Exchange Market shows the currency trading at an average rate of 1,364.54 Naira per US Dollar. Intra-day spot trading in the official window opened near 1,367.00 Naira before settling around the 1,364.50 range during morning transactions.In the paralle
  • Court voids Reps’ N72.6bn compensation directive against Seplat, says judicial powers usurped

    Court voids Reps’ N72.6bn compensation directive against Seplat, says judicial powers usurped
    By Innocent AnabaA Federal High Court in Lagos has set aside a directive by the House of Representatives Committee ordering Seplat Energy Producing Nigeria Unlimited, SEPNU, to pay N72.624 billion as compensation to communities over alleged oil spill incidents, holding that the National Assembly exceeded its constitutional powers.
    The court held that the directive amounted to an unconstitutional usurpation of the judicial powers exclusively vested in courts of competent jurisdiction.
    Justice Al
  • AVA Capital set for NGX listing to strengthen market visibility

    AVA Capital set for NGX listing to strengthen market visibility
    By Peter EgwuatuAVA Capital Plc, an integrated financial services group with operations in investment banking, asset management, securities trading and trusteeship, is set to list on the Nigerian Exchange Limited (NGX) by way of Listing by Introduction on Friday.According to a statement made available to Vanguard, the listing is a strategic transition into the public market aimed at strengthening the Group’s institutional profile rather than raising fresh capital.Managing Director of
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  • Customs agents threaten protest over alleged manifest manipulation by shipping firms

    Customs agents threaten protest over alleged manifest manipulation by shipping firms
    By Godwin OritseMembers of the Association of Nigerian Licensed Customs Agents (ANLCA) have threatened to stage a protest over the alleged manipulation of ship manifests by some shipping companies, warning that they will expose those responsible if urgent action is not taken.  The agents said the practice could disrupt port operations and further weaken the country’s fragile economy.Former ANLCA Vice President, Kayode Farinto, accused the Mediterranean Shipping Company (MSC) and
  • Nigeria risks losing Africa’s tech investment edge, LCCI warns

    Nigeria risks losing Africa’s tech investment edge, LCCI warns
    •Urges more predictable regulatory environmentBy Yinka Kolawole The Lagos Chamber of  Commerce and Industry, LCCI, has warned that Nigeria risks losing its position as Africa’s leading technology hub unless the government accelerates policy reforms, expands digital infrastructure and creates a more predictable regulatory environment to attract investment.Speaking at the opening of the 12th ICTEL Expo 2026 in Lagos, yesterday, LCCI President, Engr. Leye Kupoluyi, said althou
  • Nigeria loses 62,400GWh electricity as gas flaring rises 18.6% 

    Nigeria loses 62,400GWh electricity as gas flaring rises 18.6% 
    •Expert blames weak power market, poor gas monetisation incentives By Ediri EjohDespite the Federal Government’s gas flaring penalties and efforts to curb the practice, Nigeria lost an estimated 62,400 gigawatt-hours (GWh) of potential electricity generation from flared gas between 2024 and 2025, representing an 18.6 per cent increase from 50,800 GWh recorded during 2022 and 2023.The losses come as the global oil and gas industry shifts from flaring associated gas to captur
  • NASS commends SEC on fiscal sustainability, revenue growth

    NASS commends SEC on fiscal sustainability, revenue growth
    By Peter EgwuatuThe National Assembly has commended the Securities and Exchange Commission (SEC) for strengthening its fiscal sustainability through improved revenue generation and prudent cost management.Deputy Chairman of the House of Representatives Committee on Finance, Hon. Saeed Musa Abdullahi, gave the commendation during the 2026 Revenue Monitoring Exercise with the Commission in Abuja.Addressing the SEC management, Abdullahi said: “DG, you have done significantly well. We ha
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  • S&P Global buys majority stake in Nigeria’s  Agusto & Co

    S&P Global buys majority stake in Nigeria’s  Agusto & Co
    •Move to deepen Africa’s debt markets, boost credit transparencyBy Babajide KomolafeS&P Global has agreed to acquire a majority stake in Agusto & Company Limited, a leading Pan-African credit rating agency, in a move aimed at strengthening its presence in Africa’s domestic debt markets and enhancing credit transparency across the continent.The transaction, which is subject to regulatory approvals, will support the expansion strategy of S&P Global Ratings in Afr
  • Petrol depot prices drop as marketers slash rates by up to N23/litre 

    Petrol depot prices drop as marketers slash rates by up to N23/litre 
    By Udeme AkpanPetrol depot prices declined across major supply centres  yesterday  as marketers implemented fresh price cuts, signalling increased competition in the downstream petroleum market.An analysis of the mid-day depot price report showed that most major depots in Lagos, Warri, Calabar and Port Harcourt either reduced their prices or maintained existing rates, with no depot recording an increase in the price.In Lagos, the Dangote Petroleum Refinery retained its ex-depot p
  • Nigeria loses 47% of dollar millionaires, retains 4th position in Africa

    Nigeria loses 47% of dollar millionaires, retains 4th position in Africa
    By Babajide KomolafeNigeria has lost nearly half of its dollar millionaires over the past decade, with the population of high-net-worth individuals falling by 47 per cent between 2015 and 2025, according to the 2025 Africa Wealth Report by Henley & Partners in collaboration with New World Wealth.Despite the sharp erosion in private wealth, Nigeria retained its position as Africa’s fourth-largest hub for dollar millionaires, with 7,200 millionaires, 20 centi-millionaires (individu
  • Gunmen kill Army Colonel in Abuja, shot wife

    Gunmen kill Army Colonel in Abuja, shot wife
    …as mob kills Unijos graduate over alleged phone theftBy Kingsley Omonobi & Golok NanmwaGunmen have killed a serving Nigerian military officer of the Nigerian Army Intelligence Corp, Colonel Abdussalam Ude at his residence in the Kurudu area of Abuja.This came as the Plateau State Police Command has arrested three suspects over the alleged mob killing of a 25-year-old Jos-based model, Ibrahim Mbaya, popularly known as “Ibee,” who was allegedly beaten to death after b
  • Naira rises to N1,400/$ in parallel market

    Naira rises to N1,400/$ in parallel market
    By Elizabeth AdegbesanThe  Naira yesterday appreciated to N1,400 per dollar in the parallel market from N1,407 per dollar on Monday.But the naira depreciated to N1,365 per dollar in the Nigerian Foreign Exchange Market,  NFEM.Data  from the Central Bank of Nigeria,  CBN, showed that the indicative exchange rate for the naira rose to N1,365 per dollar from N1,364 per dollar on Monday,  indicating N1 depreciation for the naira.Consequently, the margin between the parallel
  • Tinubu to Catholic Bishops: We’re stabilising Nigeria, prosperity on horizon 

    Tinubu to Catholic Bishops: We’re stabilising Nigeria, prosperity on horizon 
    ABUJA – President Bola Tinubu yesterday, assured that the ongoing restructuring of security operations and institutions will deliver victory over terrorism, banditry and kidnappings across the country. Receiving the leadership of the Catholic Bishops’ Conference of Nigeria, CBCN, led by its President, Most Rev. Matthew Ndagoso, at the State House, President Tinubu emphasised that Nigeria’s security architecture was being repositioned for greater efficiency.Most Rev. Ndago
  • Deregistration of ADC, others was judicial rascality — A-COURT

    Deregistration of ADC, others was judicial rascality — A-COURT
    ***Slams Justice Lifu’s action
    ***Verdict corrected grave miscarriage of justice — ADC
    By Ikechukwu Nnochiri, Luminous Jannamike & Shina Abubakar ABUJA — The Court of Appeal in Abuja yesterday,  vacated the judgment that directed the Independent National Electoral Commission, INEC, to deregister African Democratic Congress, ADC, and four other political parties accused of failing to meet constitutional requirements, describing Justice Peter Lifu’s action as
  • Nigeria at war, Tinubu has no strategy to end it — Gbenga Hashim

    Nigeria at war, Tinubu has no strategy to end it — Gbenga Hashim
    lSays terrorists still dictate pace of war  lCalls for national security overhaulThe presidential candidate of Accord party, Dr. Gbenga Olawepo-Hashim, has declared that Nigeria was at war being led without a coherent strategy to defeat terrorism and restore national security.In a statement, yesterday, Olawepo-Hashim condemned the latest wave of killings in Kaduna, Zamfara, Plateau and other states, as well as the abduction of innocent citizens in Kebbi State, including a High Court j
  • Police hunt kidnappers of three Lafia varsity students

    Police hunt kidnappers of three Lafia varsity students
    By Edwin Philip, LafiaThe Nasarawa State Police Command has launched a manhunt for the abductors of three students of the Federal University of Lafia.The students were reportedly kidnapped at their off-campus lodge in the Bukan Kwato area of Lafia, near the university, at about 8:45 p.m. on Saturday.Speaking with our correspondent on Tuesday, the Police Public Relations Officer (PPRO) of the command, Superintendent Rahman Nansel, said efforts were ongoing to rescue the victims unhurt and appreh
  • Anosike returns as Anambra APC chairman as party moves to end crisis

    Anosike returns as Anambra APC chairman as party moves to end crisis
    By Vincent UjumaduAWKA — The national leadership of the All Progressives Congress (APC) has intervened in the lingering crisis within the Anambra State chapter of the party, reaffirming Senator Emma Anosike as the state chairman.The party’s Deputy National Chairman (South), Dr. Benjamin Nwoye, who led a reconciliation team from the national secretariat to Awka, announced the decision during a meeting with stakeholders.The crisis had followed a disagreement by some party members who
  • Nasarawa pensioners urge Gov. Sule to clear outstanding gratuities before leaving office

    Nasarawa pensioners urge Gov. Sule to clear outstanding gratuities before leaving office
    By Edwin Philip, LafiaThe Nasarawa State chapter of the Nigeria Union of Pensioners (NUP) has appealed to Governor Abdullahi Sule to clear outstanding gratuities, pension arrears and other pending entitlements before the end of his tenure.The State Chairman of the union, Alhaji Hudu Baba Abdullahi, made the appeal while speaking with journalists in Lafia.He recalled the governor’s pledge to settle outstanding pension liabilities and urged him to fulfil the commitment before leaving office
  • NAFDAC seals two factories over production of banned sachet, 100ml alcoholic drinks

    NAFDAC seals two factories over production of banned sachet, 100ml alcoholic drinks
    By Daniel KudayahThe National Agency for Food and Drug Administration and Control (NAFDAC) has sealed two factories in Ogun State for allegedly manufacturing banned sachet alcoholic beverages and alcohol packaged in 100ml bottles, in continued enforcement of the Federal Government’s directive aimed at reducing alcohol abuse and protecting public health.
    The affected facilities include Nigerian Distillers Limited, located at Km 14, Idiroko Road, Iju-Ota, and Intercontinental Distillers Lim
  • Autistic Nigerians still shut out of schools, jobs — Experts

    Autistic Nigerians still shut out of schools, jobs — Experts
    … Seek stronger govt policies as families battle stigma, isolation, caregiver burnoutBy Chioma ObinnaSixteen years after sustained autism advocacy began in Nigeria, experts on Monday lamented that thousands of children and adults living with autism remain excluded from schools, workplaces and community life, blaming weak government policies, poor public support systems and persistent stigma.They warned that while public awareness of autism has improved over the years, meaningful inclusio
  • 9 million still miss HIV treatment, WHO warns

    9 million still miss HIV treatment, WHO warns
    …Says funding cuts, inequalities threaten bid to end HIV, hepatitis, STIs by 2030By Chioma ObinnaThe World Health Organization (WHO) has warned that nearly nine million people living with HIV are still without life-saving treatment, raising concerns that funding cuts, humanitarian crises and widening inequalities could derail global efforts to end HIV, viral hepatitis and sexually transmitted infections (STIs) as public health threats by 2030.The warning is contained in WHO’s lates
  • Why Nigeria doesn’t need more training programmes but better employment systems

    Why Nigeria doesn’t need more training programmes but better employment systems
    By SAM DAIBO Nigeria has become a nation of training programmes. Every week, somewhere across the country, another graduation ceremony celebrates young people completing courses in coding, welding, agribusiness, fashion design, renewable energy or entrepreneurship. Governments launch new empowerment schemes. Development partners fund fresh skills initiatives. Companies proudly invest in youth capacity-building. Yet millions of Nigerians remain unemployed, underemployed or unemployable. If
  • Globacom: Championing technology, innovations and exceptional value in the telecom sector

    Globacom: Championing technology, innovations and exceptional value in the telecom sector
    By KAYODE AKINYEMIWhen Globacom Nigeria Limited (Glo) made its debut in the Nigerian market in 2003, not much expectation was placed on it as a late arrival into the telecommunications space owing to the first movers’ advantage earlier enjoyed by two foreign mobile telecom firms that had entered in 2001. The odds were heavily stacked against the new entrant, as a significant chunk of the market had been shared by the two pioneers.Again, being a wholly Nigerian enterprise in a sector
  • Senator Abdullahi Adamu at 80: A life of service, wisdom and grace, by Usman Sarki

    Senator Abdullahi Adamu at 80: A life of service, wisdom and grace, by Usman Sarki
    “In old age the consolation of hope is reserved for the tenderness of parents, who commence a new life in their children; the faith of enthusiasts, who sing hallelujahs above the clouds; and the vanity of authors, who presume the immortality of their name and writings,” Edward Gibbon
    Edward Gibbon’s profound meditation on old age reminds us that time is the great leveller of all human endeavour. Parents find continuity in their children, the faithful place their hopes in
  • Abia monarch denies stopping man from burying late wife, says police investigation ongoing

    Abia monarch denies stopping man from burying late wife, says police investigation ongoing
    By Ugochukwu AlaribeUMUAHIA — The Chairman of the Abia State Council of Traditional Rulers, Eze Linus Nto Mbah, has denied allegations that he prevented a resident of his community, Elijah Ndubuisi Amah, from burying his late wife.Eze Mbah, the traditional ruler of Ata Igbo Ukwu Kingdom in Umuzomgbo, Ihechiowa, Arochukwu Local Government Area, said the matter is the subject of a police investigation following concerns raised by members of the community over the circumstances surrounding t
  • So, who killed Abacha and Abiola? By Ochereome Nnanna

    So, who killed Abacha and Abiola? By Ochereome Nnanna
    So much is touted about the “inviolability” of the sovereignty of nations under the United Nations Charter. It simply means that a nation’s entitlement to full control of its territory and affairs cannot be forcefully intruded upon by external powers. In practice, however, the amount of power a state projects determines its ability to defend its sovereignty while forcing itself on the sovereignty of others in pursuit of its strategic interests.Nigeria’s sovereignty
  • Beyond ‘Open Letters’: Nigeria’s energy sector is quietly winning

    Beyond ‘Open Letters’: Nigeria’s energy sector is quietly winning
    By ADEYEMI ADEGBOLAIn recent weeks, a series of open letters and opinion pieces have sought to cast doubt on Nigeria’s energy sector reforms, questioning the direction of the Nigerian National Petroleum Company Limited (NNPC Ltd) and the policies of the Bola Ahmed Tinubu administration. While constructive criticism is always welcomed, these largely non-factual commentaries, with blatant disregard for research, reveal a troubling disconnect from the facts on the ground. This article t
  • Oyebanji names government buildings after Fayose, Fayemi, Oni

    Oyebanji names government buildings after Fayose, Fayemi, Oni
    By Rotimi OjomoyelaAdo-Ekiti — Ekiti State Governor, Biodun Oyebanji, has approved the naming of newly completed government buildings after three former governors of the state in recognition of their contributions to its development.The former governors are Chief Ayodele Fayose, Dr. Kayode Fayemi and Engr. Segun Oni. They are also expected to commission the facilities named in their honour.The announcement was contained in a statement issued on Tuesday by the Governor’s Special Advi
  • Taraba State’s alleged PVC impunity

    Taraba State’s alleged PVC impunity
    The allegation that teachers and other workers in Taraba State were directed to present photocopies of their Permanent Voter Cards (PVCs) before receiving their salaries has rightly provoked outrage across the country. The Taraba State Universal Basic Education Board (TSUBEB) has denied making salary payment contingent on PVC submission, insisting that its chairperson, Christiana Binga, merely encouraged teachers to obtain their voter cards.We draw the public’s attention to this controver

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