Day: May 13, 2026

FG seeks fresh $1.25bn World Bank loan

Aminu Imam
FG seeks W'Bank loan

The Federal Government is currently in talks with the World Bank for a fresh $1.25 billion loan, according to a leaked document. The document, titled: ‘Nigeria Actions for Investment and Jobs Acceleration’, noted that the proposed loan will finance ongoing economic reforms, job creation, and competitiveness. According to the document, talks are at the critical stage for the loan facility expected to be presented for approval on June 26, 2026. The loan has progressed beyond the initial concept and appraisal phases. If approved, it will come off as the second-largest…

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FG considers fresh electricity tariff increase

Aminu Imam
FG on electricity tariff

…As power crisis deepens despite 300% increase Millions of Nigerians may soon face fresh economic hardship, as the Federal Government considers another electricity tariff increase amid worsening challenges in the country’s power sector, despite the over 300% hike introduced under the controversial Band-A classification system two years ago. Discussions over a possible tariff adjustment intensified on May 12, 2026, following renewed pressure from power generation companies (GenCos) and other industry stakeholders who argued that current electricity pricing can no longer sustain rising operational and gas supply costs. Operators are reportedly…

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2027: Kwankwaso backs Obi alliance, says he’s ready to be running mate

Aminu Imam
Kwankwaso backs Obi alliance

…As NDC, ADC eye possible coalition Former Kano State governor and ex-presidential candidate of the NNPP, Rabiu Kwankwaso, has declared his willingness to serve as the running mate to Peter Obi ahead of the 2027 presidential election if the Nigeria Democratic Congress (NDC) chooses him for the role. Kwankwaso made the disclosure during an appearance on television, where he spoke on ongoing opposition realignments and efforts to build a formidable coalition ahead of the next general elections. According to him, he and Obi have already agreed to work together to…

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Ɗangote targets historic $50bn refinery IPO in landmark Stock Market push

Aminu Imam
Ɗangote targets refinery IPO

Africa’s richest man, Aliko Ɗangote, is preparing to take his flagship refinery business public with a projected valuation of up to $50 billion, in what could become the largest stock market listing in African history. According to Bloomberg, the planned Initial Public Offering (IPO) will see the company offer up to 10% of the refinery to investors, potentially raising about $5 billion on the Nigerian Exchange later this year. The ambitious valuation marks a dramatic rise from earlier estimates of $20–$25 billion in late 2025, reflecting stronger operational performance, growing…

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ASUU threatens strike over unpaid salaries, agreement implementation

Aminu Imam
ASUU threatens strike

The Academic Staff Union of Universities (ASUU) has threatened fresh industrial action over what it described as the flawed and partial implementation of its December 2025 agreement with the Federal Government. The warning followed the National Executive Council meeting of the union held at the Modibbo Adama University, Yola. The union also decried the continued withholding of salaries and unpaid entitlements owed to its members. Reading the communiqué to newsmen in Abuja on Monday, ASUU President, Prof. Christopher Piwuna, listed unresolved issues to include withheld three-and-a-half-month salaries, promotion arrears, salary…

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2027: Court adjourns suit seeking to bar Jonathan from race

Aminu Imam
Court adjourns suit on Jonathan

…Summons INEC, AGF The Federal High Court in Abuja has adjourned a suit challenging former President Goodluck Jonathan’s eligibility to contest the 2027 presidential election, after key parties in the case failed to appear in court on Monday. Jonathan, through his counsel, Chief Chris Uche (SAN), urged the court to dismiss the case outright, arguing that the plaintiff’s absence amounted to a lack of diligent prosecution. The suit was filed by lawyer Johnmary Jideobi, who is asking the court to restrain Jonathan from presenting himself as a candidate in any…

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Senate: “Akpabio unqualified to be President, will be changed” — Oshiomhole 

Aminu Imam
Hadi Sirika on Senate bid2

The Senator representing Edo-North Senatorial district, Adams Oshiomhole, has declared that Senate President Godswill Akpabio is not qualified to occupy the position under the current Senate Standing Order. Oshiomhole made the remark yesterday during an interview on television, where he spoke on the controversy surrounding the amendment of the Senate rules and the qualification required to preside over the Red Chamber. The former Edo State governor backed the position earlier canvassed by Senator Adeniyi Adegbonmire, (SAN), insisting that the debate over the Senate Standing Order was far from over. According…

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ADC demands probe into alleged FAAC allocation diversion to fund Tinubu’s campaign

Aminu Imam
ADC demands probe

The African Democratic Congress (ADC) has demanded a probe of the reports alleging that governors elected on the platform of the ruling All Progressives Congress (APC) diverted funds from the Federation Account Allocation Committee (FAAC) to finance President Bola Tinubu’s re-election campaign. In a statement issued yesterday by its National Publicity Secretary, Bolaji Abdullahi, the party said: “We call for an immediate independent investigation into the allegations, including the reported use of FAAC deductions and any related accounts or structures allegedly linked to the operation”. The ADC said that if…

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