US grants short-term waiver for stranded Russian oil sales to India
The United States government has temporarily eased economic sanctions on Russia to allow Russian oil currently stranded at sea to be sold to India. In a statement on Thursday, the United States Department of the Treasury said its Office of Foreign Assets Control issued a Russia-related licence authorising the delivery and sale of crude oil and petroleum products of Russian...
Osun 2026: INEC releases final candidates’ list, campaigns begin March 11
The Independent National Electoral Commission (INEC) has released the final list of candidates contesting the August 15, 2026 governorship election in Osun State, along with their running mates. The list, attached to a letter signed by the INEC Secretary, Rose Oriaran-Anthony, on March 4, 2026, confirmed that 14 political parties will participate in the election. Notably, the Peoples Democratic Party and...
Pension assets rise to N28trn as contributors surpass 11m
Nigeria’s pension fund industry recorded a strong start to 2026, with total pension assets rising to N28.04 trillion as of January 31, 2026, reflecting continued growth in both investments and contributor participation. According to the latest unaudited portfolio report from the National Pension Commission (PenCom), the industry’s assets increased by 22.64 per cent from N22.86 trillion recorded in January 2025. On...
Senate summons ex-NNPCL boss Kyari over N210trn unaccounted NNPCL funds
The Nigerian Senate on Thursday summoned the immediate past Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, over an alleged N210 trillion expenditure by the national oil company between 2017 and 2023 that lawmakers say has not been properly accounted for. Also invited by the Senate are the former Chief Financial Officer of the...
Bandits kill abducted NYSC member despite N10m ransom payment
Family members of an abducted member of the National Youth Service Corps (NYSC), identified as Abba, say they fear he has been killed by his captors despite paying a ransom of N10 million for his release. The family disclosed that communication with the kidnappers stopped shortly after the ransom was delivered, raising strong fears that the corps member may have...
FG makes NERD compliance mandatory for NYSC participation
The Federal Government has announced that compliance with the Nigeria Education Repository and Data Bank (NERD) will now be compulsory for graduates seeking to participate in or obtain exemption from the National Youth Service Corps (NYSC). Minister of Education Maruf Alausa disclosed the directive during a national programme on academic records integrity, describing NERD as a digital platform designed to...
EFCC arrests man for naira abuse at birthday party in Enugu
The operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Iziga Ikechukwu, popularly known as Easy-Money, for allegedly abusing naira notes during his birthday party in Enugu State. The EFCC said Ikechukwu, a 24-year-old palm kernel dealer, was arrested following an actionable intelligence received via a viral video circulating on social media in which he was seen recording...
El-Rufai threatens ICPC with N15.6bn lawsuit
Former Kaduna State Governor Nasir El-Rufai has threatened to file a N15.6bn lawsuit against the Independent Corrupt Practices and Other Related Offences Commission (ICPC) over what he described as his alleged unlawful detention and defamatory statements issued by the anti-graft agency. In a pre-action notice dated March 4, 2026, and addressed to the ICPC chairman, El-Rufai, through his lawyer Ubong...
Tinubu promotes Masari to SA on political affairs
President Bola Ahmed Tinubu has elevated Ibrahim Masari from Senior Special Assistant to Special Adviser on Political Affairs. The development was disclosed on Thursday in a statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga. According to the statement, Masari will serve alongside Alhaji Yau Darazo, whom Tinubu appointed to the same position in July 2023. Masari,...
Tinubu brokers historic truce on OPL 245 to boost Nigeria’s oil output
President Bola Ahmed Tinubu has announced the resolution of the long-running dispute over Oil Prospecting Licence (OPL) 245, clearing the way for the development of one of Nigeria’s most commercially promising deepwater oil assets. The agreement was reached between the Federal Government of Nigeria, Italian energy company Eni, and Nigerian Agip Exploration Limited during a meeting at the Presidential Villa...
