The Nigerian Presidency has issued a formal statement criticizing former presidential candidate Peter Obi following reports of his potential political party switch. The development has sparked significant discourse regarding the future of the Labour Party and the broader Nigerian political landscape as stakeholders react to the shifting alliances.
In a shift from recent trends, several filling stations across Nigeria have reduced the pump price of Premium Motor Spirit (PMS) by between N65 and N75 per litre. This adjustment follows a period of significant price hikes that had strained consumers and businesses across the country, sparking discussions on market stability and supply chain dynamics.
The Nigerian Federal Executive Council has approved significant infrastructure projects, headlined by the ₦549 billion reconstruction of the historic Carter Bridge in Lagos. These initiatives are part of a broader government effort to modernize critical transportation networks across the country, aiming to enhance connectivity and stimulate economic growth.
The National Population Commission of Nigeria has launched a comprehensive geospatial database to digitize the country's mapping infrastructure. This initiative aims to ensure an accurate and reliable National Population and Housing Census by utilizing satellite imagery and GIS technology to delineate enumeration areas across the nation.
Recent reports regarding Abdul-Azeez Adediran, popularly known as Jandor, withdrawing from the Lagos State gubernatorial race to support APC cohesion are factually incorrect. Adediran contested the 2023 Lagos governorship election as the candidate for the Peoples Democratic Party (PDP), not the APC, and did not withdraw from the race.
Nigeria's Dangote oil refinery is currently operating its gasoline-making unit at 75% capacity following a temperature control issue. The facility, a critical component of Nigeria's energy infrastructure, is expected to return to full operational throughput by May 6 as maintenance and adjustments are completed.
Militants linked to the Islamic State West Africa Province (ISWAP) have carried out a deadly attack on the Guyaku community in Adamawa State, Nigeria. Local authorities and security sources confirmed that at least 29 people were killed during the raid, which involved the burning of homes and businesses, marking a significant escalation of violence in the region.
The National Drug Law Enforcement Agency (NDLEA) in Nigeria has issued a stern warning regarding a dangerous trend where drug traffickers ingest illicit substances to bypass security during road travel. The agency is intensifying surveillance at checkpoints to combat this method, which poses severe health risks to the traffickers and challenges for law enforcement.
The Peoples Democratic Party (PDP) in Kogi State, Nigeria, has held a strategic stakeholders' meeting in Lokoja. Party leaders emphasized the need for internal unity, reconciliation, and grassroots mobilization to strengthen the party's position ahead of the 2027 general elections.
Former US mayor Mike Arnold recently testified before the US Congress, highlighting Nigeria's critical security and governance situation. The testimony emphasized the urgent need for strategic engagement as the nation faces multifaceted threats, drawing attention to the importance of stability in the region for broader international interests.
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Nigerian Institute of Quantity Surveyors (NIQS) have signed a Memorandum of Understanding to curb corruption, enhance transparency, and promote ethical standards within Nigeria's construction and infrastructure industry.
Nigeria's Minister of Power, Bayo Adelabu, has officially resigned from his cabinet position. In his departure, Adelabu has proposed the creation of a new, high-level coordinating role focused on integrated energy management to address the country's ongoing power sector challenges.
President Bola Tinubu has implemented a significant cabinet reshuffle in Nigeria, resulting in the departure of key ministers, including Finance Minister Wale Edun and Housing Minister Ahmed Dangiwa. The changes are part of a broader effort to restructure the administration's economic and development agenda.
President Bola Tinubu has extended warm birthday wishes to former Chief of Naval Staff, retired Vice Admiral Awwal Zubairu Gambo, as he marks his 60th birthday. The President commended the retired officer for his dedicated service to the Nigerian Navy and his significant contributions to enhancing maritime security across the nation's territorial waters.
The Nigerian Exchange Limited (NGX) has received regulatory approval to extend its daily trading hours to 9:00 a.m. – 4:00 p.m. WAT, effective April 27. This strategic adjustment aims to enhance market liquidity, provide investors with more time for trading activities, and align the exchange's operations with global best practices.
The newly inaugurated chairman of the Nigerian Institute of Electrical and Electronics Engineers (NIEEE) Abuja Chapter has launched a strategic initiative aimed at upskilling young engineers. The program focuses on bridging the technical skills gap to address persistent challenges within Nigeria's power sector through specialized training and professional development.
Nigerian President Bola Tinubu has officially signed the 2026 Appropriation Bill into law, authorizing a total expenditure of 68.32 trillion naira. The budget aims to drive economic growth and infrastructure development across the nation, marking a significant milestone in the administration's fiscal planning for the upcoming year.
Nigerian authorities have reiterated their commitment to hosting the African Union's African Monetary Institute. The nation is actively preparing to meet the requirements for the institution, which is targeted for an operational launch in September 2026 as part of the broader African Union financial integration agenda.
The International Monetary Fund (IMF) has projected that Nigeria's debt-to-GDP ratio is set to climb to 33.1 percent by 2027. This forecast, detailed in the latest World Economic Outlook, highlights ongoing fiscal challenges for Africa's largest economy as it navigates debt servicing obligations and macroeconomic adjustments.
A Federal High Court in Kaduna has granted bail to former Kaduna State Governor Nasir El-Rufai. The bail was issued in connection with a corruption-related case initiated by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) regarding alleged financial misconduct during his tenure.
