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News - Page 3

Nigeria’s Debt Servicing Jumps Fourfold in Four Years, Hits ₦15.91tn in 2026 Proposal

Nigeria’s debt servicing burden has expanded dramatically over the past four years, rising from ₦3.76 trillion in 2022 to a proposed ₦15.91 trillion in 2026, more than four times the 2022 figure, Prime Business Africa reports. Data cited by Statisense from BudgIT’s

February 15, 2026

News·Top Stories·World News

Pezeshkian Reveals $1,000 Monthly Pay as Iran’s Inflation Crisis Deepens

Iranian President Masoud Pezeshkian has disclosed that his official monthly salary stands at about $1,000, a revelation that comes as the country battles surging inflation and a dramatic slide in its national currency. Pezeshkian, a physician-turned-politician who assumed office in July 2025,

February 12, 2026

Africa·FEATURES

Zimbabwe Faces Fresh Turmoil over Mnangagwa Term-Extension Plan

Zimbabwe has entered a tense new political phase after President Emmerson Mnangagwa’s cabinet approved draft constitutional changes that could allow him to remain in power beyond the limits set by the country’s 2013 constitution. The proposals, now awaiting publication before being sent

February 12, 2026

News·Security·Top Stories

Why US Govt Targets Kwankwaso, Others for Alleged Christian Genocide

When two Republican members of the U.S. Congress introduced a bill this month to punish those they say are responsible for the killing of Christians in Nigeria, they did more than escalate Washington’s pressure on Africa’s most populous nation. They also pulled

February 12, 2026

BUA Group Chairman Reaffirms Commitment To Slashing Cement Price To N3,500

Business·News·Nigeria·Top Stories

How Loan Turned BUA from Cement Importer to Producer – Rabiu

Nigerian billionaire Abdul Samad Rabiu says a long-term loan from the Africa Finance Corporation helped transform his company, BUA Group, from an importer of cement into one of Africa’s largest producers, in a shift he says offers a model for how the

February 12, 2026

Court Orders EFCC To Produce Emefiele On November 8 Amidst Discrepancy

News·Nigeria·Top Stories

Emefiele Trial: Witness Blames Cash Scarcity on Commercial Banks

A witness for Nigeria’s anti-graft agency told a federal court on Tuesday that some commercial banks hoarded newly redesigned naira notes during the cash crunch that followed the Central Bank of Nigeria’s currency overhaul in late 2022 and early 2023. Chinedu Eneanya,

February 12, 2026

News·Top Stories·World News

U.S. Energy Secretary Wright Visits Caracas to Boost Venezuela Energy Ties

U.S. Energy Secretary Chris Wright arrived in Caracas on Wednesday, February 11, 2026, for a three-day visit aimed at deepening energy cooperation between the United States and Venezuela. The trip marks the highest-level U.S. engagement in the country in decades and comes

February 12, 2026

News·Technology·Top Stories·World News

Russia Cuts Off WhatsApp Access in Sweeping Push for State-Controlled Messaging Platform

WhatsApp says the Russian government has moved to “fully block” its encrypted messaging service across the country, in what appears to be a coordinated effort to steer users toward a newly promoted state-sponsored platform. The Meta Platforms Inc.-owned company said Wednesday it

February 12, 2026

News·Top Stories

NAFDAC Denies Suspension of Sachet Alcohol Ban, Says Enforcement Ongoing

The National Agency for Food and Drug Administration and Control (NAFDAC) has dismissed reports alleging that enforcement of the ban on sachet alcohol and alcoholic drinks packaged in PET bottles below 200 millilitres has been suspended. In a press release dated February

February 11, 2026

News·Top Stories·Transport

Arik Air Boeing 737 Suffers Engine Fault, Makes Safe Diversion to Benin

An Arik Air Boeing 737 aircraft en route from Lagos to Port Harcourt was forced to divert to Benin Airport on Wednesday after the crew detected an engine malfunction mid-flight, Prime Business Africa reports. The aircraft, a 737-7GL with registration number 5N-MJF

February 11, 2026

Diaspora·News·Top Stories

Kyari Emerges IFAD Governing Council Chair, Tinubu Hails Nigeria’s Growing Global Role in Food Security

President Tinubu has applauded the election of the Minister of Agriculture and Food Security, Senator Abubakar Kyari, as Chairperson of the Governing Council of the International Fund for Agricultural Development (IFAD), describing the development as a significant boost for Nigeria’s standing in

February 11, 2026

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Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

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News - Page 3

Nigeria’s Debt Servicing Jumps Fourfold in Four Years, Hits ₦15.91tn in 2026 Proposal

Pezeshkian Reveals $1,000 Monthly Pay as Iran’s Inflation Crisis Deepens

Zimbabwe Faces Fresh Turmoil over Mnangagwa Term-Extension Plan

Why US Govt Targets Kwankwaso, Others for Alleged Christian Genocide

How Loan Turned BUA from Cement Importer to Producer – Rabiu

Emefiele Trial: Witness Blames Cash Scarcity on Commercial Banks

U.S. Energy Secretary Wright Visits Caracas to Boost Venezuela Energy Ties

Russia Cuts Off WhatsApp Access in Sweeping Push for State-Controlled Messaging Platform

NAFDAC Denies Suspension of Sachet Alcohol Ban, Says Enforcement Ongoing

Arik Air Boeing 737 Suffers Engine Fault, Makes Safe Diversion to Benin

Kyari Emerges IFAD Governing Council Chair, Tinubu Hails Nigeria’s Growing Global Role in Food Security

Featured Stories

Senate U-Turn or Smoke Screen? Loopholes in Electoral Reform Persist

Opinion: Why Afreximbank’s Break with Fitch Exposes a Deeper Rift

Political Heavyweights Visit El-Rufai, Call for Respect for Rule of Law

U.S. Energy Secretary Wright Visits Caracas to Boost Venezuela Energy Ties

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Nigeria’s Debt Servicing Jumps Fourfold in Four Years, Hits ₦15.91tn in 2026 Proposal

China to Scrap Tariffs for 53 African Countries from May 1, Excludes Eswatini

BOI Disburses Record N636bn in 2025, Creates 1.6m Jobs – President Tinubu

INEC Clarifies Rationale for 2027 General Election Dates, Signals Possible Review After Stakeholder Concerns

Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Behind the Geregu Power Sale: Politics and a $750m Deal

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

Nigeria’s Debt Servicing Jumps Fourfold in Four Years, Hits ₦15.91tn in 2026 Proposal

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