How 2.3bn FG’s Electricity Project Failed
•As experts list implications •FG begins new phase •Transmission, distribution challenges persist — Prof Oke •Missed targets impose costs on homes, businesses, economy — LCCI •Economic growth, job creation will remain subdued — CPPE •Tinubu’s GAMCO raises concerns •Areas of conflict need to be resolved — PowerUp Nigeria Despite the injection of €2.3billion (N3.7 trillion […]
Dollar to Naira Exchange Rate Today, March 9, 2026
The Nigerian Naira began the second full trading week of March 2026 with a slight easing against the US Dollar on Monday, March 9, 2026. Real-time data from the Nigerian Foreign Exchange Market (NFEM) and informal trading channels indicate that the local currency is navigating a period of moderate volatility as corporate demand for the […]
Capital Projects Ongoing, Not Abandoned —Finance Ministry
The Federal Ministry of Finance has clarified that capital projects across Nigeria remain active despite concerns over low cash releases to ministries, departments, and agencies (MDAs). While budget execution rates for some MDAs may appear low, capital project implementation has not been abandoned, the ministry said. The clarification, detailed in a document titled “Deepening Public Understanding of […]
Pound To Naira Exchange Rate Today, March 9, 2026
The British Pound opened the second full trading week of March 2026 with a notable uptick against the Nigerian Naira on Monday, March 9, 2026. Real-time data from the Nigerian Foreign Exchange Market (NFEM) and informal trading channels indicate that the local currency is facing renewed pressure from the Sterling, largely driven by global safe-haven […]
Dangote Refinery Commits To Energy Stability Amid Global Refineries Shutdown
Dangote Petroleum Refinery & Petrochemicals has indicated its commitment to stabilising energy supply to Nigeria amid recent shocks in the international oil market. The ongoing conflict in the Middle East has led to the shutdown of some refineries and cuts in refinery production across the world, resulting in a global scarcity of petroleum products. In […]
Trump Says Iran ‘Will Be Hit Very Hard’, Threatens To Expand Targets
President Donald Trump suggested on Saturday the United States would hit Iran “very hard” and threatened to expand strikes to include new targets. “Today Iran will be hit very hard!” Trump posted on his Truth Social media platform. “Under serious consideration for complete destruction and certain death, because of Iran’s bad behavior, are areas and […]
SEREC Warns Of Risk Posed By US–Iran Tension For African Maritime
The Sea Empowerment and Research Center, SEREC, has warned that African maritime nations face heightened economic and security challenge due to the escalating tensions between the United States and Iran. The Centre highlights the far-reaching implications for import-dependent economies across the African Union economies considered to be particularly vulnerable. In the communiqué signed by Head […]
Nigeria Paid Boko Haram Ransom For Kidnapped Pupils – Intel Sources
The Nigerian government paid Boko Haram militants a “huge” ransom of millions of dollars to free up to 230 children and staff the jihadists abducted from a Catholic school in November, intelligence sources told AFP. Two Boko Haram commanders were also freed as part of the deal, which goes against the country’s own law banning […]
Why I Defected To NDC – Seriake Dickson
ABUJA — Former Governor of Bayelsa State and Senator representing Bayelsa West, Seriake Dickson, has defected from the Peoples Democratic Party (PDP) to the Nigeria Democratic Congress (NDC), a newly registered political party. Dickson announced his decision on Thursday while addressing journalists, supporters, political associates and stakeholders at his Abuja residence, saying the move followed […]
Power Crisis Worsens As Generation Drops 11% To 2,898 MW
The crisis in Nigeria’s power sector worsened yesterday with further decline recorded in power generation. Data obtained from the Nigerian Independent System Operator, NISO, showed that generation stood at 2,898 megawatts, MW, yesterday, a shortfall of 11 percent from 3,222MW recorded on Monday. The sharp drop forced electricity Distribution Companies, DisCos, to embark on further […]