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Supreme Court bars FG from controlling lands adjoining waterways for non-navigational purposes
Supreme Court has in a unanimous ruling stopped the Federal Government from controlling lands adjoining waterways for non-navigational purposes within states of the federation. The court by its ruling, Friday further voided contentious portions of the National Inland Waterways Authority (NIWA)…
5m electricity consumers remain unmetered nationwide — NERC, as DisCos install 241,590 meters in 2 months
Electricity Distribution Companies (DisCos) in Nigeria installed a combined total of 241,590 new meters in January and February 2026, according to the Nigerian Electricity Regulatory Commission (NERC) monthly metering fact sheet. This is also as the commission noted that a…
Court grants eNaira exclusive ownership rights to CBN
Following months of controversies over rights control, the Federal High Court sitting in Abuja, has granted the Central Bank of Nigeria (CBN) full ownership of the eNaira digital currency platform. It would be recalled that the eNaira digital currency platform was…
Nigeria retains third spot among World Bank’s biggest borrowers
Nigeria has retained its position as the third largest borrower from the World Bank’s International Development Association (IDA) despite recording a slight reduction in its debt profile during the first quarter of 2026. Data obtained from the bank showed that the…
Crude oil market continues climb, amid Strait of Hormuz uncertainties
Global crude oil market remained volatile, Friday, amid uncertainties by investors over the inability of United States and Iran to reach a peace agreement that would allow shipping traffic to return to normal in the Strait of Hormuz. Brent crude futures…
UK unemployment rate hits 5-yr high over prolinged US/Iran conflict
Data released by the United Kingdom’s Office for National Statistics (ONS), last Tuesday, showed employers struggling with soaring energy costs after oil and gas prices jumped following the effective closure of the Strait of Hormuz during the US-Israeli military campaign…
PenCom kicks-off ‘PenCare’ free healthcare scheme for retirees
National Pension Commission (PenCom), has kicked off the pilot phase of its PenCare initiative by inviting retirees aged from above 60 years to enroll in the free healthcare scheme. Accident to PenCom, the healthcare scheme is also for the 60+ year-olds…
Nigeria’s crude oil production rises by 7.6%, as global carbon pricing revenue tops $107bn
Nigeria’s crude oil production increased by 7.66 percent in April 2026, representing a rise from 1.383 million barrels per day (bpd) recorded in March to 1.489 million bpd in April 2026, according to the Organisation of the Petroleum Exporting Countries…
FG begins certification processes for 5 proposed deep seaports
Federal Government has approved certification processes for five proposed deep seaports. Federal Government has approved certification processes for five proposed deep seaports in the country. The move is aimed at halting a reported loss of over 70 per cent of…
UNIPORT, UNIBEN teams advance to boot camp in NCDMB Engineering Olympiad
Frank Okon University of Port Harcourt and University of Benin have emerged winners of the South-South regional stage of the Nigerian Engineering Olympiad (NEO), securing spots in the national boot camp phase of the competition. The contest which held at…
