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FG Signs Power Bond, Formalise Deal To Offset Gencos Debt

The federal government yesterday officially signed the financing documents for the N728.9 billion Series 2 power sector bond, marking the completion of the transaction designed to settle part of its N4 trillion outstanding obligations to the electricity market. The signing ceremony held in Abuja formalised the financing arrangement after approval had already been secured for…

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APC Governors Oppose Wike’s Rainbow Coalition

The Progressive Governors Forum has ruled out supporting or endorsing any political coalition or candidate outside the All Progressives Congress ahead of the 2027 elections, in an apparent reference to the Nyesom Wike-led Rainbow Coalition.  Chairman of the Forum and Imo State Governor, Hope Uzodimma, announced the position late Monday after the governors’ meeting in…

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Oil Nears $100 Per Barrel As Hostilities Continue Between US & Iran

Oil prices approached $100 a barrel yesterday, with traders and analysts warning of a renewed supply crunch, as hostilities between the US and Iran exacerbated supply concerns. The price of benchmark Brent crude rose above $98 a barrel during the day for the first time since late July, following US strikes on three Iranian crude…

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Four Years On: Queen Elizabeth II’s 70-Year Legacy Endures

It is the fourth anniversary of Queen Elizabeth II’s death, and reflections have continued on the enduring impact of her 70-year reign and the memories she left behind.Queen Elizabeth II died peacefully at Balmoral Castle on 8 September 2022 at the age of 96.She remains Britain’s longest-reigning monarch, having ascended the throne in 1952 and…

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Osun Election: Adeleke’s Victory Allegedly Challenged By APC & PDP

Controversy has trailed an alleged petition filed by the All Progressives Congress (APC) and a faction of the Peoples Democratic Party (PDP) at the Osun State Governorship Election Petition Tribunal challenging the victory of Governor Ademola Adeleke in the August 15 governorship election. Debunking the development, the APC legal team led by Dr Abiodun Layonu,…

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Peter Obi Vows To Transform Nigeria, Backs Makinde’s Ambition

Presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, yesterday rejected the pessimistic assessment of his former running mate, Dr Datti Baba-Ahmed, about the capacity of the leading contenders to transform Nigeria. The former Anambra State governor declared that his record in the state demonstrated that he could replicate his achievements at the national…

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Dangote Refinery Signs IPO, Targets 10M Subscribers

Dangote Petroleum Refinery and Petrochemicals (DPRP) has signed the registration documents for the biggest Initial Public Offering (IPO) in Africa, valued at approximately N2.2 trillion, about $1.6 billion. The people-centric offering targets up to 10 million Nigerian investors, including low-income earners, through a Bank Biometric Verification Number (BVN)-integrated subscription process. President and Chief Executive of…

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Nigeria Nears $1Bn Monthly Remittance Milestone

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said Nigeria is nearing its target of attracting $1 billion in monthly remittance inflows, after inflows through International Money Transfer Operators (IMTOs) rose to a record $947 million in July 2026. The July figure represents the highest monthly remittance inflow ever recorded through formal channels…

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