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Nigeria Power Output Falls Below 4,000 MW Amid Gas Shortages

March 5, 2026

Electricity generation on Nigeria’s national grid has fallen sharply due to persistent gas supply shortages, the Nigerian Independent System Operator (NISO) said on Thursday. Total power generation stood at 3,940.53 megawatts as of 5:00 a.m. on March 5, below expected

Labour·News·Nigeria·Top Stories

Tinubu Appoints Four New Permanent Secretaries

March 5, 2026

by Prosper Okoye

President Bola Ahmed Tinubu has approved the appointment of four new permanent secretaries to fill vacancies in Nigeria’s federal civil service, the government said on Thursday. The appointees are Warrens Bekearedebo Augusta from Bayelsa State, Jones-Nebo Nkiruka Bella from Enugu

Business

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Business·Top Stories

Naira Depreciates Against Dollar In Black Market, Official Window

March 5, 2026

In the black market on Thursday, March 5, the naira depreciated against the United States dollar (USD) by 0.33 percent after the foreign exchange

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business·Top Stories

NGX Closes With N220bn Gain As Traders Exchange N29bn Shares

March 5, 2026

The Nigerian Exchange (NGX) recovered from the loss recorded on Wednesday, March 4, with a N220.74 billion gain on Thursday, March 5, as the

Rising Cost Of Drugs Takes Toll On Nigerian Patients As FX Scarcity Hits Hard

Business·Top Stories

Mecure, Fidson… Five Largest Pharmaceutical Companies In Nigeria

March 5, 2026

The market valuation of the six pharmaceutical companies listed on the Nigerian Exchange (NGX), also known as the stock market, increased by N548.35 billion

Business·Markets·News·Nigeria·Oil & Gas·Top Stories

Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

March 5, 2026

Cooking gas prices in Nigeria have jumped about 40 percent amid the ongoing fighting involving the United States, Israel and Iran. Liquefied Petroleum Gas

Business·Top Stories

Dollar Rate Crosses N1,400/$ In Black Market, Rises To N1,387/$ In Official Window

March 4, 2026

On Wednesday, March 4, the foreign exchange (FX) rate for the United States dollar (USD) increased by N21.65 kobo to N1,409.42 kobo per $1.

Politics

News·Nigeria·Politics·Top Stories

Tinubu Approves New Gratuity Scheme for Retiring Civil Servants

March 5, 2026

President Bola Ahmed Tinubu has approved a new exit benefit scheme granting retiring federal civil servants a gratuity equivalent to 100 percent of their annual salary, officials said on Thursday. The decision was approved by the Federal Executive Council and will take effect from January 1, 2026, according to a statement from the office of the Head of the Civil

UNGA79: Nigeria Calls For Eradication Of ‘Safe Havens’ Aiding Illicit Financial Flow From Developing Countries

News·Nigeria·Politics

Shettima Says ADC Membership Portal Flooded With Fake Names

March 5, 2026

Nigeria’s Vice President Kashim Shettima has alleged that the opposition African Democratic

News·Politics·Top Stories

Kano Assembly Begins Impeachment Process Against Deputy Governor Gwarzo

March 5, 2026

The Kano State House of Assembly has commenced impeachment proceedings against the

News·Politics·Top Stories

Aba Lawmaker Hon. Alex Mascot Joins Labour Party, Signals Political Shake-Up in Abia

March 4, 2026

In a significant political move, Hon. Alex Mascot Ikwechegh, the Member representing

News·Nigeria·Politics·Top Stories

Anambra Stakeholders Split Over Soludo’s ‘One-Sided’ Project Implementation

March 2, 2026

Stakeholders from Anambra State are divided over the performance of Chukwuma Soludo

Entertainment

Emmys 2025: ‘Adolescence’ Win Big, Full Winners List

September 15, 2025

The 2025 Emmy Awards were handed out Sunday, with Adolescence, The Studio, The Pitt, and The

Entertainment

How To Vote For AFRIMA 2025

September 9, 2025

The countdown to AFRIMA 2025 has officially begun as the All Africa Music Awards announced that

Entertainment

Full AFRIMA 2025 Nominations List: Davido, Burna Boy Lead List

September 5, 2025

The wait is over! The African Music Awards (AFRIMA) 2025 nominees list has been officially released,

Entertainment

AFRIMA 2025 Nominees List Unveiled: Voting Details, Top Contenders

September 5, 2025

The African Music Awards (AFRIMA) 2025 nominees list is finally here, music fans across the continent

Entertainment

Court Orders Mohbad’s Wife To Run DNA On Their Son

September 4, 2025

A Lagos State Magistrate Court sitting in Ikorodu, on Tuesday, September 2, 2025, ordered a DNA

Technology

Nigerian Govt Launches 'Build-A-Thon Program', Seeks Visionary Educators To Foster Tech Innovation In Schools

News·Technology

FEC Approves GIS-Enabled Alphanumeric Digital Postcode System for Nigeria

March 5, 2026

The Federal Executive Council (FEC) has approved the implementation of a Geographic Information System (GIS)-enabled alphanumeric digital postcode system aimed at modernising Nigeria’s national

Business·Finance & Economy·Labour·News·Nigeria·Technology·Top Stories

Tinubu Envisages Lebara to Transform Nigeria’s Digital Space, Create Jobs

February 28, 2026

President Bola Ahmed Tinubu has welcomed the launch of Lebara Nigeria, describing it as a signal of investor confidence in the country’s digital economy,

Africa·News·Technology

Dozens of Ghanaians Killed Fighting in Ukraine War

February 28, 2026

Dozens of Ghanaians have been killed while fighting in the war in Ukraine, with two others currently held as prisoners of war, Foreign Affairs

News·Technology·Top Stories·World News

US Denies Selling AI Chips to China Amid Security Concerns

February 25, 2026

A high-end Nvidia chip that can train and run artificial intelligence systems has not yet been sold to Chinese firms, a US Commerce Department

News·Nigeria·Technology·Top Stories

EU Funding Boosts Nigeria’s Internet Expansion Plans

February 19, 2026

Faster and more reliable internet could soon reach millions of Nigerians after the European Union pledged €22m to support the country’s fibre-optic expansion. The

Sport

Sports·Top Stories·World News

Iran Women’s Team Stands Silent During Anthem at Asian Cup Opener

March 3, 2026

The Iran women’s national football team made a striking statement on Monday night at the 2026 AFC Women’s Asian Cup, standing in silence as their national anthem played ahead of their opening match. The incident occurred at CBus Super Stadium on the Gold Coast, where Iran faced the South Korea women’s national football team in their Group A opener. Lined

Business·News·Sports

Stripe Explores Possible Deal for PayPal as Takeover Speculation Lifts Shares

February 24, 2026

Financial technology company Stripe is exploring a potential acquisition of PayPal or

FEATURES·Sports

Brain Drain in Nigerian Sports: Governance, Trust and the Ofili Question

February 21, 2026

When Favour Ofili confirmed her decision to switch allegiance to Turkey, the

News·Sports·Top Stories

18 Senegalese Fans Jailed After AFCON Final Disturbances in Morocco

February 19, 2026

A Moroccan court has sentenced 18 Senegalese football fans to prison terms

Diaspora·News·Sports

UK-Based Nigerian Footballer Dies After Suffering Severe Brain Injury

February 8, 2026

A Nigerian non-league footballer, Saburi Olayinka Adeniji, has died in the United

Markets

Business·Markets·News·Nigeria·Top Stories

Dangote Cement Records 20% Increase in 2025 Revenue

March 1, 2026

Dangote Cement Plc reported a 20.3 percent rise in revenue to 4.31 trillion naira ($2.7 billion) for the year ending Dec. 31, 2025, driven

Business·Markets·News·World News

Aston Martin to Cut 20% of Workforce Over Rising Losses

February 25, 2026

British luxury carmaker Aston Martin has announced plans to reduce its workforce by up to 20 percent, following widening annual losses linked to US

Currency·Finance & Economy·Markets·News·Nigeria·Top Stories

CPPE Warns Nigeria’s $6bn Capital Inflow Surge May Be Fragile Despite Rebound

February 24, 2026

Nigeria recorded a sharp increase in foreign capital inflows in the third quarter of 2025, but the Centre for the Promotion of Private Enterprise

Dangote Sugar, Jaiz Bank Shares Decline, Drag NGX Down By N101bn

Business·Markets·News

Ellah Lakes’ N235 Billion Public Offer Falls Flat: Investors to Receive Refunds

February 22, 2026

Ellah Lakes Plc’s ambitious N235 billion public offer has ended in disappointment, with the company announcing it will refund investors due to insufficient subscription.

Business·Markets·Top Stories

Week Ahead: Nigeria CPI Cools, US-Iran Talks & US PCE in Focus

February 19, 2026

By Lukman Otunuga In a welcome development for Nigeria’s economy, inflation unexpectedly slowed in January, with prices rising 15.1% year-on-year. This represented a slight

Latest

News·Nigeria·Power

Nigeria Power Output Falls Below 4,000 MW Amid Gas Shortages

March 5, 2026

Electricity generation on Nigeria’s national grid has fallen sharply due to persistent gas supply shortages, the Nigerian Independent System Operator (NISO) said on Thursday. Total power generation stood at 3,940.53 megawatts as of 5:00 a.m. on March 5, below expected levels as

Labour·News·Nigeria·Top Stories

Tinubu Appoints Four New Permanent Secretaries

March 5, 2026

President Bola Ahmed Tinubu has approved the appointment of four new permanent secretaries to fill vacancies in Nigeria’s federal civil service, the government said on Thursday. The appointees are Warrens Bekearedebo Augusta from Bayelsa State, Jones-Nebo Nkiruka Bella from Enugu State, Aminu

News·Nigeria·Oil & Gas·Top Stories

Ex-NNPCL GCEO Kyari to Appear Before Senate Over Alleged ₦210 Trillion Discrepancy

March 5, 2026

A Senate committee has warned it may issue arrest warrants against former officials of the Nigerian National Petroleum Company Limited (NNPCL) if they fail to appear before it on a date to be announced, lawmakers said on Thursday. The committee, chaired by

Business·Top Stories

Naira Depreciates Against Dollar In Black Market, Official Window

March 5, 2026

In the black market on Thursday, March 5, the naira depreciated against the United States dollar (USD) by 0.33 percent after the foreign exchange (FX) rate for both currencies increased to N1,414.13 kobo per $1. During trading on Wednesday, March 4, the

Climate Change & Sustainability·News·Nigeria·Top Stories

Reps Move to Create Legal Framework for Decarbonisation

March 5, 2026

The House of Representatives has begun moves to establish a legal framework to guide the country’s decarbonisation programme as part of efforts to accelerate the transition to a low-carbon economy, lawmakers said on Thursday. The proposed National Decarbonisation Bill has passed first

Business·Top Stories

NGX Closes With N220bn Gain As Traders Exchange N29bn Shares

March 5, 2026

The Nigerian Exchange (NGX) recovered from the loss recorded on Wednesday, March 4, with a N220.74 billion gain on Thursday, March 5, as the bourse’s market capitalisation grew to N126.31 trillion. According to the NGX, also known as the stock market, the

News·Nigeria·Politics·Top Stories

Tinubu Approves New Gratuity Scheme for Retiring Civil Servants

March 5, 2026

President Bola Ahmed Tinubu has approved a new exit benefit scheme granting retiring federal civil servants a gratuity equivalent to 100 percent of their annual salary, officials said on Thursday. The decision was approved by the Federal Executive Council and will take

Business·Top Stories

Mecure, Fidson… Five Largest Pharmaceutical Companies In Nigeria

March 5, 2026

The market valuation of the six pharmaceutical companies listed on the Nigerian Exchange (NGX), also known as the stock market, increased by N548.35 billion between January 2, 2025, and February 20, 2026, according to analysis by Prime Business Africa. Fidson Healthcare, Mecure

Business·Markets·News·Nigeria·Oil & Gas·Top Stories

Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

March 5, 2026

Cooking gas prices in Nigeria have jumped about 40 percent amid the ongoing fighting involving the United States, Israel and Iran. Liquefied Petroleum Gas (LPG) now sells for about 1,400 naira per kilogramme at retail outlets in parts of Lagos, up from

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