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US Visa Restrictions Hit Nigerian Airlines & Travelers Hard

16.01.2026
Following several strict sanctions placed on Nigerians seeking to travel to the United States of America, aircraft load factors have begun to reduce significantly, as stakeholders confirmed massive visa rejections at US embassies. Airline operators who spoke with our correspondent explained that airlines have recently been experiencing many empty seats, as US-bound passengers have withdrawn...
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Nigeria Misses OPEC Oil Quota for Nine Months in 2025

16.01.2026
Nigeria’s crude oil output dipped in December 2025 by 14,000 barrels per day, defying government efforts to ramp up production. According to data from the Nigerian Upstream Petroleum Regulatory Commission, instead of rising to meet the 1.5 million barrels per day quota set for Nigeria by the Organisation of the Petroleum Exporting Countries, crude oil...
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Standard Chartered Appoints Dalu Ajene Africa CEO

16.01.2026
Standard Chartered has announced the appointment of Dalu Ajene as the Chief Executive Officer of the bank’s operations in Africa, with dual responsibilities as the Head of Coverage for Africa. Until his appointment, Ajene served as the Chief Executive Officer of Standard Chartered Nigeria, a position he assumed in April 2024. Under his leadership, the...
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Nestle Leads Gainers as NGX Trading Hits N31bn

16.01.2026
The Nigerian Exchange Limited closed Thursday’s trading session on a positive note, driven by strong performances from consumer and banking stocks. Investors exchanged a total of 1,025,534,120 shares in 51,194 deals, representing a market turnover of N31.36bn. The trading session marked a 36 per cent increase in volume and a six per cent rise in...
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Dangote Boosts Nigeria’s Petrol Supply to 960M Litres

16.01.2026
Fuel availability and stock levels improved in December 2025, with the supply of petrol rising to 74.2 million litres per day and national stock sufficiency expanding to over 29 days, according to a factsheet released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority on Thursday. This came as petrol supply from the Dangote Petroleum...
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Nigeria’s Government Spending Rises Amid High Inflation

16.01.2026
The Nigerian government’s spending rose in nominal terms in 2024. Still, it delivered far less value in real terms, as inflationary pressures continued to weigh on public finances, renewing calls for policy action to boost growth while enforcing fiscal discipline. Data from the Central Bank of Nigeria’s 2024 Statistical Bulletin showed that total government expenditure...
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Nigeria Removed From EU High-Risk Financial List by Commissi

16.01.2026
The Federal Government has welcomed the European Commission’s decision to remove Nigeria from the European Union’s list of high-risk third countries for Anti-Money Laundering and Countering the Financing of Terrorism. The decision is contained in a European Commission Delegated Regulation released this week, amending Delegated Regulation 2016/1675. A statement issued via X on Thursday by...
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Dangote Refinery Starts 24-Hour Petrol Loading Operations

16.01.2026
The Dangote Petroleum Refinery has commenced night-time loading operations as it intensifies efforts to sustain a daily supply of more than 50 million litres of Premium Motor Spirit (petrol) across Nigeria, signalling a major shift to full 24-hour operations at Africa’s largest refinery. The move comes as the refinery continues to ramp up production, stabilise...
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Petrol Price Hike Looms as Crude Oil Price Exceeds $66

16.01.2026
The pump prices of Premium Motor Spirit (petrol) and other refined petroleum products, including Automotive Gas Oil (diesel), and Household Kerosene, among others, may spike soon as crude oil, the major feedstock for refined fuel, crossed $66/barrel on Wednesday. Brent, the global benchmark for crude, traded above $66 on Wednesday, as other oil grades also...
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Nigeria’s Power Sector Grapples with Unbilled Energy Losses

16.01.2026
The power sector lost about N187bn to unbilled energy between July and October 2025, as data from the Nigerian Electricity Regulatory Commission revealed that electricity distribution companies failed to issue this amount as bills to customers during the period, underscoring persistent inefficiencies that continue to weaken the industry’s liquidity. According to NERC’s Commercial Performance of...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

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Man who asked Tinubu to resign admitted in psychiatric hospital

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The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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