Nigeria will spend about $11.6 billion servicing its debt in 2026, nearly half of projected government revenue, President Bola Tinubu said as he called for an overhaul of a global financial system he said penalises African borrowers. Debt-servicing costs are crowding out spending on infrastructure, healthcare and education, Tinubu said, despite a government tax overhaul...
Tag: Nigeria
Post
Post
FCCPC Backs Lagos Electricity Reforms Targeting Estimated Billing
The Federal Competition and Consumer Protection Commission (FCCPC) on Tuesday praised reforms introduced by the Lagos State Electricity Regulatory Commission (LASERC) aimed at reducing estimated billing and strengthening consumer protection in Lagos’ electricity market. In a statement signed by FCCPC Director of Corporate Affairs Ondaje Ijagwu, the commission said the reforms, outlined in LASERC’s 2025...
Post
Shettima Celebrates Fasoranti At His Centenary Birthday In Akure
Nigerian Vice President Kashim Shettima on Monday represented President Bola Tinubu at the 100th birthday celebration of Afenifere leader Reuben Fasoranti in Akure, Ondo State, where he praised the elder statesman’s contributions to national unity, democracy and justice. Shettima described Fasoranti as a steadfast advocate for the unity of Nigeria and the dignity of its...
Post
NSCDC Arrests Foreign Nationals In Lagos Over Suspected Recruitment Scheme
Operatives of the Nigeria Security and Civil Defence Corps (NSCDC) in Badagry, Lagos State have uncovered a suspected cross-border recruitment and network marketing syndicate following the arrest of 21 foreign nationals allegedly linked to a fraudulent scheme. CityMood Badagry reports that the NSCDC said the arrests followed a complaint lodged on May 6, 2026, by...
Post
Nigeria Customs CG Pushes Regional Modernisation At WCO Conference
Nigeria’s Comptroller-General of Customs, Adewale Adeniyi, reaffirmed the country’s commitment to regional modernisation and cooperation during the 32nd Conference of Directors-General of Customs for the West and Central Africa region held in Freetown, Sierra Leone. Adeniyi, who also chairs the World Customs Organisation (WCO) Council, said Nigeria’s leadership role within the region was rooted in...
Post
Lagos To Launch State Driver’s Licence
The Lagos State Government said on Monday it would introduce a state-issued driver’s licence within weeks in collaboration with the federal government to improve road safety and service delivery. Lagos Commissioner for Transportation, Mr Oluwaseun Osiyemi, disclosed this during the 2026 Lagos State Ministerial Press Briefing marking Governor Babajide Sanwo-Olu’s third year of his second...
Post
Nigeria Mandates Student Drug Tests, Suspensions For Repeat Offenders
The Nigerian government has introduced compulsory drug testing for secondary school students and temporary suspension for those who repeatedly test positive after treatment and rehabilitation. This was revealed in a new national guidelines by the federal ministry of education aimed at curbing substance abuse in schools. The measures are contained in the National Implementation Guidelines...
Post
APC Clears Hamzat, Ajose For Lagos Governorship Primaries
Two aspirants seeking the Lagos State governorship ticket of Nigeria’s ruling All Progressives Congress (APC) have been cleared to participate in the party’s primaries scheduled for May 21, party officials and campaign teams said on Sunday. The aspirants, Dr. Obafemi Kadiri Hamzat and Dr. Samuel Mawuyon Ajose popularly called SMA Gold, were screened and cleared...
Post
Police Arrest Two Suspects Over Firearm Possession In Ogun
Police in Nigeria’s Ogun state have arrested two men over alleged unlawful possession of a firearm. Police said on Sunday that the suspects, identified as Adeola Mathew, 47, and Rasheed Omoniyi, 48, were arrested in Ifo area of the state following what police described as an intelligence-led operation. Police spokesperson Oluseyi Babaseyi said detectives from...
Post
Navy Recover Illegally Refined Diesel During Rivers Operation
The Nigerian Navy said it recovered about 1,600 litres of suspected illegally refined Automotive Gas Oil (AGO) during an operation in Rivers. A statement by the Director of Naval Information, Navy Capt. Abiodun Folorunsho said the recovery was made under Operation DELTA SENTINEL by personnel of Nigerian Navy Ship (NNS) SOROH following intelligence on illegal...