Nigeria loses N40trn yearly to power outages

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Capital

Nigeria loses an estimated N40tn every year due to weak and unreliable electricity supply, the Nigerian Independent System Operator (NISO) has revealed. The agency warned that persistent outages remain one of the biggest barriers to economic growth, industrial productivity, and job creation. In its latest industry report, NISO said millions of businesses and households incur huge costs generating their own electricity...

32 govs, 8,453 delegates storm Abuja for APC convention

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NNPP, APC

President Bola Ahmed Tinubu, 32 state governors, and 8,453 accredited delegates are expected to converge on Abuja today for the All Progressives Congress (APC) National Convention, scheduled to hold between Friday and Saturday. The event, set to take place at Eagle Square, will bring together party leaders at the national, zonal, state, and ward levels to elect new executives and...

CBN blacklists major loan defaulters

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The Central Bank of Nigeria (CBN) has moved decisively against chronic loan defaulters, announcing sweeping restrictions on banking services for individuals and companies with substantial non-performing loans. The directive, issued on Wednesday, follows comments by CBN Governor Olayemi Cardoso at the 4th Annual IMF/AFRITAC West 2 High-Level Executive Forum in Abuja. Cardoso declared that the era of leniency toward delinquent borrowers...

Tinubu expands PiCNG mandate to include electric vehicles

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President Bola Ahmed Tinubu has approved a major expansion of the Presidential Initiative on Compressed Natural Gas (PiCNG), adding electric vehicles to its mandate. The initiative will now operate as the Presidential Initiative on Compressed Natural Gas and Electric Vehicles (PiCNG & EV), positioning Nigeria to lead in clean mobility. Under the new mandate, PiCNG & EV will coordinate the...

IGP submits state police framework to Senate

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IGP

The Inspector-General of Police (IGP), Olatunji Disu, has submitted a framework for the establishment of state police to the Senate. The IGP submitted the framework to Deputy Senate President, Jibrin Barau, who chairs the Senate Committee on the Review of the 1999 Constitution, in his office at the National Assembly in Abuja on Thursday, March 26, 2026. A statement issued on...

FG orders Abuja workers to work from home ahead of APC convention

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The Federal Government has instructed civil servants working within the Federal Secretariat in Abuja to work from home on Friday, March 27, 2026, ahead of the All Progressives Congress (APC) national convention scheduled to hold at Eagle Square. The directive was issued in a circular signed by Abdul Garba, Permanent Secretary, Service Welfare Office, on behalf of the Head of...

Sanwo-Olu unveils Irele Tower in Lekki industrial corridor

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Lagos State Governor, Babajide Sanwo-Olu, on Thursday inaugurated Irele Tower — the first commercial building within the Lagos Free Zone and a landmark nine-storey, EDGE-certified development designed to drive sustainable growth in the Lekki economic corridor. The building, which combines office and retail spaces, is developed as an eco-friendly “green” facility with 26% lower energy use and 46% reduced water...

Police rescue 5 passengers, arrest 3 robbers in Ondo

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The operatives of the Ondo State Police Command have rescued five passengers who were abducted by gunmen along Ondo Road in the state. The command’s spokesperson, DSP Abayomi Jimoh, disclosed this in a statement, saying the incident happened at about 05:20 a.m. on Thursday, March 26, 2026. Jimoh noted that the passengers were in a commercial vehicle en-route Ondo to Akure,...

Wike, EU deepen ties as FCT recovers encroached diplomatic lands

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Minister of the Federal Capital Territory (FCT), Nyesom Wike, on Thursday restated Nigeria’s commitment to deepening its partnership with the European Union (EU) while unveiling efforts to reclaim diplomatic lands in Abuja allegedly taken over by illegal occupants. Wike made the remarks during a courtesy visit by the EU Ambassador to Nigeria and ECOWAS, Gautier Mignot, where both sides underscored...

Oluremi Tinubu to inaugurate remodelled Abuja City Gate in May — Wike

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Senator Oluremi Tinubu, wife of President Bola Ahmed Tinubu, is set to inaugurate the remodelled Abuja City Gate in May as part of activities marking the administration’s third anniversary. The Minister of the Federal Capital Territory (FCT), Nyesom Wike, disclosed this during an inspection of ongoing projects across the territory. Wike said the transformation of the iconic City Gate would give...