Nigeria has assumed a continental leadership role in efforts to harmonize oil and gas regulations across Africa, launching a new platform aimed at improving transparency and attracting fresh investments to the sector. The initiative, known as the African Petroleum Regulators Forum (AFRIPERF), was formally established during Africa Oil Week in Accra, where regulators from eight…
A United States-based agribusiness company has concluded plans to establish a state-of-the-art cassava processing hub in the Special Agro-Processing Zone (SAPZ) located in Ogun State. The development, announced by state officials on Monday, is expected to significantly strengthen the cassava value chain, boost food security, and attract more international investment into Nigeria’s agricultural sector. According…
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has suspended its nationwide strike after reaching an agreement with Dangote Refinery to allow workers to unionize. The decision was made after a meeting convened by the Department of State Services (DSS) and attended by the Minister of Finance, as well as representatives from the…
A Nationwide blackout has plunged Nigeria into darkness as the National power grid collapsed for the third time this year. The incident occurred on Wednesday, September 10, 2025, at 11:23 am, according to the Abuja Electricity Distribution Company (AEDC). The AEDC confirmed the collapse in a public notice, stating, “Please be informed that the power…
A catastrophic gold mine collapse in northern Sudan’s River Nile state has claimed six lives, with up to 20 people feared trapped beneath the rubble. The Um Aud area, west of Berber city, was the site of the disaster, which occurred on Friday. According to Hassan Ibrahim Karar, executive director of the Berber locality, rescue…
The Nigerian Railway Corporation (NRC) has announced a sweeping reorganization of its management structure, barely 10 days after a train derailment on the Kaduna-Abuja route injured 20 people. NRC’s Managing Director, Dr. Kayode Opeifa, confirmed the changes in an internal memo, stressing that the shake-up was part of broader reforms aimed at strengthening efficiency, accountability,…
Nigeria has established itself as a key Air Travel Hub in West Africa, offering direct flights to 30 countries across four continents. According to aviation data compiled by Statisense from FlightConnections, the Country’s International Airports handle a significant volume of traffic, connecting passengers to destinations in Africa, Asia, Europe, and North America. Within Africa, Nigerian…
Nigeria has been ranked the 12th poorest Country Globally by Gross Domestic Product (GDP) per capita, with a GDP per capita of $807. This ranking is based on a recent report by the International Monetary Fund (IMF) published by Visual Capitalist. Despite being one of Africa’s largest economies by total GDP, Nigeria’s low per capita…
The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of petrol to N945 per litre in Abuja and N915 per litre in Lagos. This represents a N35 increase in Abuja and a N45 hike in Lagos from the previous prices of N910 and N870 per litre, respectively. The price adjustment, which took…
Controversial Cryptocurrency Platform Crypto Bridge Exchange (CBEX) has resurfaced after disappearing with millions in investors’ funds, sparking fresh outrage. The platform has reactivated users’ dashboards, displaying their previous balances, but with a catch: investors are now being asked to pay a “reactivation fee” ranging from $100 to $200 to access their funds or continue trading….
