Nigeria’s President Bola Tinubu recently approved ₦3.3 trillion to clear its power sector debt. That is roughly $2 billion. It sounds like a breakthrough. It is not, at least not on its own. To understand why, you need to understand how Nigeria’s electricity system actually works, why the debt piled up in the first place,
Silas Adekunle used to black out his entire apartment block. Not on purpose, or at least, not exactly. As a child in Osun State, Nigeria, he conducted ambitious electronics experiments that tripped the power supply and knocked out the lights for every flat in the building. The neighbours complained. His parents didn’t quite know what
The Alliance of Sahel States, a defense pact and confederation formed by Burkina Faso, Mali, and Niger, recently sent one of its most direct messages yet to the President Donald Trump administration – we are open to doing business with you, but on our terms. Mali’s ambassador to the United States, Sékou Berthe, on March
Nigeria and the UK have agreed to a £746 million ($990 million) export finance deal to redevelop the Lagos Port Complex and TinCan Island Port Complex, two ports that together handle more than 70 per cent of Nigeria’s cargo trade, Reuters reports. The deal was signed during President Bola Tinubu‘s state visit to Britain, and
The recent rejection of real-time transmission of election results by Nigeria’s Senate has stirred public debate and disappointment. Many had hoped that the amendment to the Electoral Act would make the electronic transmission of results mandatory, especially following criticisms of the 2023 election’s transparency. However, the Senate’s decision has left the law as it stands,
Elon Musk has reignited the privacy fight around Meta-owned WhatsApp, posting on X that the messaging app “is not secure” and urging people to use X Chat instead. His comment followed fresh whistleblower-linked claims and a lawsuit that challenges WhatsApp’s long-running pitch that end-to-end encryption keeps messages private from the company itself. DON’T MISS THIS:
Nigerian billionaire and BUA Group chairman, Abdul Samad Rabiu, says he will still pay the Super Eagles the $500,000 incentive he previously promised, even after the national team’s defeat to Morocco in the semi-finals of the Africa Cup of Nations (AFCON). Prior to the game, Rabiu had pledged to gift the Nigeria’s national team the
Independent petroleum marketers say Nigeria’s petrol supply is increasingly coming from the Dangote Refinery, arguing that product availability has improved and imports have effectively paused for now. In an interview published by Nairametrics, IPMAN spokesperson Chinedu Ukadike said members have been lifting PMS from Dangote without the shortages that typically show up around peak travel
Shoprite Nigeria has secured a new investor backing, an injection of capital aimed at steadying the ship and repositioning the brand in a market where survival is no longer guaranteed. Retail Supermarkets Nigeria Limited (RSNL), the operator of Shoprite in Nigeria, said the investment “provides the capital base to accelerate Shoprite’s turnaround strategy and marks
President Bola Tinubu has lifted the six-month emergency rule imposed on Rivers State, reinstating Governor Siminalayi Fubara, his deputy Ngozi Odu, and the State House of Assembly. The suspension takes effect from midnight, September 17, 2025. “It therefore gives me great pleasure to declare that the emergency in Rivers State of Nigeria shall end with