Archive
OML 42: Nestoil targets improved oil production with $28m investment
Nestoil Group, yesterday disclosed that it has invested about $28 million in two drilling rigs as part of efforts to boost crude oil production and strengthen indigenous drilling capacity in
CAFWCLQ: Edo Queens battle USFA for final ticket
Edo Queens will face hosts USFA of Burkina Faso in the semi-finals of the 2026 WAFU-B CAF Women’s Champions League qualifiers on Wednesday, with a place in the final and
Banks’ borrowing drops 89% to N126bn
Banks’ borrowing from the Central Bank of Nigeria’s (CBN) Standing Lending Facility, SLF, declined by 89 percent to N126 billion in August 2026 from N1.19 trillion in July 2026, reflecting
“Everything is in our hands” — Ilechukwu turns focus to Champions League after Katsina draw
For Ilechukwu, the result was not the performance he had prepared for, but he believes Rangers can use the opening fixture as a learning experience ahead of their continental assignment
IMF warns stablecoins cannot replace fiscal discipline as global debt risks mount
By Peter Egwuatu The International Monetary Fund (IMF) has warned that the growing adoption of dollar-backed stablecoins must not be allowed to weaken fiscal and monetary discipline in countries whose
$14.86m Fraud: EFCC summons wanted ex-gov, Sylva for questioning
The Economic and Financial Crimes Commission (EFCC) has asked former Bayelsa State Governor, Timipre Sylva, to appear before the agency for questioning over an alleged $14.86 million fraud case. The
Electricity subsidy bill hits N1.92trn in 2025 — NERC
By ObasEsiedesa, Abuja The electricity tariff subsidy obligation of the Federal Government (FG) stood at N1.92 trillion in 2025, as the government continues to absorb the gap between cost-reflective electricity
Nigeria’s GDP rises 4.4% as oil sector rebounds
By Elizabeth Adegbesan The National Bureau of Statistics (NBS), yesterday, said that the Nigerian economy expanded in real terms by 4.43 percent year-on-year, YoY, in the second quarter of 2026,
Duane ‘Keffe D’ Davis found guilty of murdering Tupac Shakur
Duane “Keffe D” Davis, a former Los Angeles gang member, was found guilty on Monday by a Las Vegas court of the 1996 murder of chart-topping rapper Tupac Shakur. Thirty
Dollar to Naira exchange rate today, September 1, 2026
The Nigerian naira is trading at different rates against the US dollar across the official foreign exchange market and the parallel market as of Tuesday, September 1, 2026. At the
