Author: Ogochukwu Ndubuisi

Trump Orders Restriction on U.S. Birthright Citizenship President Donald Trump of the United States signed two executive orders recently in another attempt to restrict birthright citizenship. One order seeks to deny automatic citizenship to certain children whose parents are not U.S citizens, including children of foreign government employees and people classified as “alien enemies.” The other seeks to ban so-called “birth tourism,” a term used to describe people visiting the US for the purpose of giving birth so that their child obtains U.S citizenship. Executive orders set policy but are not legally binding. At the beginning of his second term,…

Nigeria Rejoins World Energy Council, Inaugurates Governing Board Nigeria has rejoined the World Energy Council (WEC) with the inauguration of a National Member Committee and Governing Board to strengthen the country’s participation in global energy policy and investment discussions. Nigeria’s renewed membership was disclosed on Thursday in a statement signed by Dr Angela Wilkinson, the Secretary-General and Chief Executive Officer of WEC. “Nigeria has a significant leadership role to play within the global energy community,” Wilkinson said in the statement. Nigeria has been a member of the council with the Nigerian National Committee originally approved and established on April 6,…

Fuel Subsidy Gulped N1.16trn in 2021-RMAFC Dr Mohammed Shehu, the Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), has said that Nigeria spent N1.16 trillion on fuel subsidy in 2021. Shehu made this known on Thursday in Abuja in his presentation to the Senate‘s Public Accounts Committee (SPAC), probing 2021-2023 Audit reports on the oil and gas industry conducted by the Nigeria Extractive Industries Transparency Initiative (NEITI). He also said that N1.20 trillion was deducted from the federation crude sales proceeds. The chairman added that aside from the fuel subsidy, crude and product losses also accounted for N16.20…

Nigeria Launches Global Investors’ Expo to Market Credible Projects Nigeria is hosting the maiden investors’ summit, tagged “Nigeria NOW! Global Investors Expo,” aimed at showcasing credible investment opportunities and strengthening partnerships across key sectors of Nigeria’s economy and development. The expo scheduled to hold in Nov. 19 is organisd by EnergyNet Ltd., with support from the Federal Ministry of Solid Minerals Development, whose Minister, Dele Alake, would serve as its patron. Alake, speaking at the official inauguration of the expo on Thursday in Abuja, said the event would connect credible projects with investors and encourage stronger cooperation between the public…

Dangote Refinery Tops U.S. as Europe’s Largest Jet Fuel Supplier Nigeria’s flagship refinery accounts for one-fifth of Europe’s jet fuel imports, reinforcing its position as a major force in global aviation fuel trade Dangote Petroleum Refinery & Petrochemicals has strengthened its position as a global supplier of premium aviation fuel after emerging as Europe’s largest jet fuel supplier for the second consecutive month, overtaking the United States and underscoring the refinery’s growing influence on international energy markets. Latest European import data compiled by global commodities intelligence firm Kpler show that more than 400,000 tonnes of jet fuel produced by the…

Tinubu Orders EFCC to Vacate Court Order on Osun’s N11bn Probe President Bola Tinubu has directed the Economic and Financial Crimes Commission (EFCC) to immediately return to court and vacate the order freezing the bank accounts of the Osun State Government, describing the timing of the agency’s action as “deeply embarrassing.” The directive was disclosed on Thursday in a statement issued by the President and shared by his Special Adviser on Information and Strategy, Mr. Bayo Onanuga. The EFCC had, on August 5, 2026, secured a court order freezing Osun’s accounts. Less than 24 hours later, the Commission confirmed the…

Oil prices traded mixed on Thursday as investors weighed diplomatic efforts to restore shipping through the Strait of Hormuz against persistent regional security risks.

Monetary Policy Focused on Price Stability in 2025 – CBN The Central Bank of Nigeria (CBN) says its monetary policy remained focused on price stability in 2025, relying on orthodox instruments. The CBN said this in its recently released annual report for the 2025 fiscal year. According to the apex bank, although monetary policy was largely restrictive in 2025, an easing cycle was initiated at the September MPC, as disinflation persisted. It said that consistent with its policy posture, expansion in reserve and broad money moderated to 15.60 per cent and 15.16 per cent, respectively. It said that the figures…

Nigeria’s Domestic Economy Expanded by 3.87% in 2025 – CBN The Central Bank of Nigeria (CBN) says Nigeria’s domestic economy expanded by 3.87 per cent in 2025, an improvement over the 3.38 per cent recorded in 2024. The CBN said this in its recently released annual report for the 2025 fiscal year. According to the apex bank, broad-based growth followed gains from the continuing implementation of a cocktail of reforms in key sectors and the rebasing of the economy to accommodate emerging subsectors. It said that headline inflation declined to 15.15 per cent in December 2025, from 34.80 per cent…

NSITF Records 85% Contribution Target at Mid-Year The Nigeria Social Insurance Trust Fund (NSITF) says it has achieved about 85 per cent of its 2026 contribution target at the mid-year mark. The Managing Director/Chief Executive of NSITF, Mr Oluwaseun Faleye, said this at the opening of the Fund’s 2026 Half-Year Management Performance Review on Wednesday in Abuja. Faleye attributed the achievement to the commitment of regional and branch leadership, compliance teams and staff in spite of significant institutional changes during the period. He said the first half of 2026 was marked by the Fund’s Voluntary Exit Exercise, which created new…