The Nigerian National Petroleum Company Limited (NNPCL) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) remitted more than N322bn and $116.9m into the Federation Account within two months following the implementation of Executive Order 9 signed by President Bola Tinubu in February 2026. The remittances were disclosed in documents presented at recent Federation Account Allocation Committee meetings, showing that the inflows followed the Federal Government’s directive mandating the full transfer […]

The Academic Staff Union of Universities (ASUU) has threatened fresh industrial action over what it described as the poor and incomplete implementation of the December 2025 agreement reached with the Federal Government. The union expressed dissatisfaction over unresolved issues, including the withheld three-and-a-half months’ salaries, promotion arrears, salary shortfalls linked to the Integrated Payroll and Personnel Information System (IPPIS), unremitted third-party deductions, and outstanding arrears of the 25 to 35 […]

Gunmen suspected to be kidnappers have abducted a businessman in Irawo, Atisbo Local Government Area of Oyo State, during an attack that also left a 10-year-old girl injured by gunfire. The incident occurred on Monday after the victim was reportedly followed from Kraal Market in Ago-Are to his filling station and later to his residence in Irawo, where he was abducted at gunpoint by three armed men and taken to […]

Nigeria is advancing talks with the World Bank over a fresh $1.25bn loan aimed at supporting economic reforms, job creation, and improved competitiveness, as the proposed facility moves closer to final approval. The loan, known as the Nigeria Actions for Investment and Jobs Acceleration programme, is expected to be presented for approval on June 26, 2026. If approved, it will become one of the largest World Bank facilities secured under […]