In a significant move to stabilize Nigeria’s struggling power sector, the Presidency has begun internal approval processes aimed at clearing the ₦2 trillion legacy debt owed to electricity generation companies (GenCos). The debt resolution is expected before the end of the current quarter, according to a senior energy official. This announcement was made during the…
A total of 62 international airlines operated 3,314 Hajj flights this year, transporting Muslim pilgrims from 238 destinations across 71 countries to Saudi Arabia, according to officials of the Hajj Transport and Logistics Committee. The update was given by Saleh Al-Zuwaid, the official spokesperson for the Hajj Transport and Logistics team, during a press briefing…
Nigerians are truly global citizens — from Toronto to Tokyo, the Nigerian spirit of resilience, ambition, and excellence shines everywhere. Whether for education, work, or simply chasing a better life, Nigerians continue to spread across the globe, making remarkable contributions to the places they now call home. Here are 10 countries with the highest Nigerian…
Despite ongoing inflation challenges, Dr. Jumoke Oduwole, Nigeria’s Minister of Industry, Trade, and Investment, has reaffirmed that the Tinubu administration is strategically diversifying the economy away from oil dependency by unlocking the potential of non-oil sectors. Oduwole made this statement during the third day of the 16th National Council on Industry, Trade and Investment in…
Nigeria’s power sector is facing a deepening liquidity crisis as the Federal Government’s electricity debt has ballooned by an additional N800 billion in 2025 alone, according to the Senate Committee on Power. The Committee Chairman, Senator Enyinnaya Abaribe, disclosed this alarming figure on Saturday during a media briefing at a retreat held in Ikot-Ekpene, Akwa…
The Federal Medical Centre (FMC), Ebute Metta, Lagos, has raised serious concerns about the crippling cost of electricity, revealing that it spends N20 million monthly despite receiving just 3 hours of public power supply daily. The startling revelation was made by the outgoing Medical Director, Dr. Adedamola Dada, during a media briefing where he outlined…
Nigeria’s inflation rate has slightly declined, dropping to 23.71% in April 2025 from 24.23% in March, according to the latest data released by the National Bureau of Statistics (NBS). In its Consumer Price Index (CPI) update released Thursday, the NBS reported a 0.52% decrease in the headline inflation rate month-on-month. “This means that in April…
Tech billionaire and philanthropist Bill Gates has announced he will give away nearly all his wealth—an estimated $200 billion—by 2045, leaving just 1% for personal use, as he plans to shut down the Bill and Melinda Gates Foundation. In a heartfelt post on his blog Gates Notes, the Microsoft co-founder stated that the globally renowned…
Bitcoin has surged past the $100,000 mark for the first time since February, driven by renewed investor confidence following a major trade deal between the United States and the United Kingdom. The world’s largest cryptocurrency touched a high of $109,241.11 on Thursday, echoing its January 20 peak—the same day U.S. President Donald Trump was inaugurated…
Derin Phillips, an aspirant for the Ikoyi-Obalende Local Council Development Area (LCDA) chairmanship seat under the All Progressives Congress (APC), has pledged to champion technology, education, and transparent governance as part of his vision to transform the community. In a statement released on Tuesday, Phillips unveiled his five-point agenda, branded FAITH, aimed at addressing key…
