Articles

A section of the Kugbo Bus Terminal in Abuja, commissioned nine months ago by the Minister of the Federal Capital Territory (FCT), Nyesom Wike, has been damaged following a heavy rainstorm, raising fresh concerns about infrastructure resilience and project delivery standards in the capital. The terminal, situated along the Nyanya–Keffi Expressway on the Mararaba–Nyanya corridor, […]

Tension heightened in Jos on Tuesday as angry women in the Angwan Rukuba community of Jos North Local Government Area staged a protest to stop the planned mass burial of victims of the Palm Sunday attack. The women, carrying leaves and chanting songs, were joined by some youths as they blocked the entrance to the

FTSE Russell has officially updated Nigeria’s status in its latest Equity Country Classification Interim Review, released Tuesday, April 7, 2026. Following a period of observation on the “Watch List” since September 2025, the index provider has confirmed Nigeria’s move back to Frontier Market status from its previous “Unclassified” (Standalone) position. This reclassification is a major

…as equity gains boost returns Nigeria’s pension assets climbed to N29.43 trillion in February, delivering a N1.39 trillion month-on-month surge, the strongest expansion in the more than two decades since the Contributory Pension Scheme was introduced. The jump eclipses the previous high set in January 2024, when assets rose by N1.18 trillion, underscoring a new

Nigeria’s public finances are facing renewed scrutiny after the World Bank warned that a growing share of federation revenues is being absorbed by deductions before funds reach federal, state and local governments, raising fresh concerns about fiscal sustainability despite stronger inflows. More than 39 percent of revenues generated in 2025 were consumed by statutory and

Nigerian companies are spending about $850 million annually on foreign cloud services, embedding the country’s fast-growing digital economy into infrastructure located thousands of kilometres away and increasingly exposed to geopolitical risk. That risk came into sharp focus in March 2026, when Iranian drone strikes hit AWS facilities in the UAE and Bahrain. Though Nigeria recorded

…Other GenCos hold back Eight of Nigeria’s largest power generation companies, including Transcorp Power, Egbin Power, and Geregu Power Plc, have signed onto President Bola Tinubu’s N3.3 trillion debt settlement programme, a deal aimed at restoring liquidity to an electricity sector that has lurched from one financial crisis to the next for nearly a decade.

Suspected terrorists have intensified efforts to isolate border communities in Niger State, detonating an improvised explosive device (IED) along the Babanna axis of Borgu Local Government Area on Sunday, leaving at least four people feared dead. The blast struck a strategic bridge that had been attacked barely two weeks earlier, reinforcing fears of a coordinated

There has been no proclamation by the Central Bank of Nigeria, no parliamentary debate, and no introduction of a new monetary unit. Across markets, transport routes and neighbourhood shops, the naira has effectively undergone a silent redenomination. The smallest denominations (N5, N10, N20 and N50) have largely disappeared from everyday transactions, pushed out not by

The recapitalization of Nigeria’s banking system is a rare policy moment that is simultaneously technical, misunderstood, and profoundly consequential. To many outside the financial system, the directive by the Central Bank of Nigeria seemed almost literal: banks were told to “raise capital,” and so the public imagined vaults filling with cash, stacked somewhere under central