Nigeria’s fuel supply position strengthened in January 2026, with petrol stock sufficiency rising to 33 days, even as total daily PMS supply declined month-on-month, fresh data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) shows. The figures reveal a sector in transition: domestic refining is gaining influence, imports are declining, but diesel demand is surging beyond benchmarks, a warning sign about deeper structural energy weaknesses. Petrol Supply Falls – But Stocks Improve According to the NMDPRA fact sheet: PMS domestic supply fell from 74.2 million litres/day in December 2025 to 63.0 million litres/day in January 2026. PMS consumption…
Author: Elvis Eromosele
The International Facility Management Association (IFMA) Nigeria Chapter has officially expanded its footprint with the inauguration of the Oyo State Branch, marking a significant milestone in the advancement of facility management practice and professional development in the South-West region of Nigeria. The ceremony, which doubles as the Chapter’s first strategic meeting of 2026, was held recently at the Nigerian Society of Engineers (NSE) Secretariat in Akobo area of Ibadan, the Oyo State capital. In attendance at the inauguration were the IFMA National Executive Council members, professionals, and stakeholders who are in alignment with IFMA’s mission to professionalise the built environment…
The Lagos State Government says 1.5 million residents are currently served by the public water system, representing 44 per cent coverage across the state’s water network. In an exclusive interview with Nairametrics, the Lagos State Ministry of Environment and Water Resources clarified that while 44 per cent of residents have physical access to water infrastructure, not all are fully connected to household taps. “Current coverage levels and population connected to the Lagos Water Corporation supply are 44 per cent and 1.5 million people. Out of this, some residents receive water and pay for it, some receive water without paying, while…
MTN Nigeria Plc (MTNN) has reclaimed its position as the most valuable company on the Nigerian Exchange, overtaking BUA Foods Plc after a sharp rally in its share price. The telecom giant’s market capitalisation climbed to N14.9 trillion as of Friday, February 13, following an 8.6 per cent jump in its share price to N708.90. The gain ended BUA Foods’ six-month run at the top, after it displaced MTNN on August 7, 2025. According to African Stock Exchange data, MTNN now accounts for about 12.7 per cent of the total equity market capitalisation on the Nigerian Exchange (NGX), reinforcing its…
The Enugu State Government has commissioned a $20 million ICT manufacturing factory developed by China’s Haier Group, with plans already underway to scale total investment in the state to $30 million. The Enugu Haier Factory, inaugurated on Saturday by Governor Peter Mbah, will manufacture smartphones, tablets, computers, smart boards, Android TVs, medical equipment, and renewable energy solutions for sectors including education, health, agriculture, and transportation. Sun Yongle, Haier’s Vice President, said the plant has an annual production capacity of 200,000 units across its product lines and will initially create about 100 jobs, expanding to more than 200 positions as operations…
(First published on May 30, 2017 at: https://mybiafranstoryweb.wordpress.com/2017/05/30/biafra-blues/ The Nigerian civil war is often looked at through a binary lens: The East versus the rest of Nigeria and good versus evil, depending on who is telling the story. There is hardly ever a dispassionate commentary because it is so emotional and traumatic, and the narrators are invested in their story. There has not been a shortage of narrative; by my own count, there are close to one hundred books on the subject of Biafra’s aborted secession. I was a child when the war broke. I remember the feeling of fear, foreboding…
The Nigeria Deposit Insurance Corporation (NDIC) has reassured the public about the stability of Nigeria’s banking sector, stating that banks remain financially sound and that more than 80% of depositors of the defunct Heritage Bank Plc have been reimbursed. Speaking in Minna, Niger State, during activities to mark World Savings Day, Zeyad Abubaka, NDIC representative said the Corporation achieved a record settlement timeline by leveraging the Bank Verification Number (BVN) system to process payments within five days of the bank’s license revocation. According to Abubaka, the rapid reimbursement was made possible through digitised banking systems that allowed NDIC to trace…
The Independent National Electoral Commission (INEC) says it may review the timetable for the 2027 general elections after concerns that the scheduled dates fall within the Ramadan fasting period. In a statement issued on February 14, 2026, the Commission said it had received representations from stakeholders worried that the timing could affect voter participation, given its overlap with a major religious observance. INEC had earlier fixed: February 20, 2027 – Presidential and National Assembly elections March 6, 2027 – Governorship and State Houses of Assembly elections The dates follow existing regulations that place presidential and National Assembly elections on the…
Nigerian Breweries Plc has reported N1.467 trillion in revenue for the financial year ended December 2025, marking a 35 per cent increase from the N1.084 trillion recorded in 2024. The results signal a strong rebound for the brewing giant after a difficult 2024 shaped largely by macroeconomic headwinds, including inflation and pressure on consumer spending. Profit Recovery Gains Momentum Key highlights from the audited 2025 results show: 35 per cent revenue growth despite inflationary pressures 194 per cent rise in operating profit, driven by improved productivity and cost discipline 168 per cent rebound in net profit, supported by a sharp…
The administration of Donald Trump spent more than $40 million to deport roughly 300 migrants to countries with which they had no prior connection, according to a report released Friday by Democrats on the United States Senate Foreign Relations Committee. The report outlines the financial and policy implications of a controversial deportation strategy that relocates non-citizens to third countries when their home governments decline to accept them. According to the committee’s findings, the deportations cost an average of $133,333 per migrant. In one case, Rwanda, which received seven deportees, reportedly cost about $1.1 million per person. The policy involved transferring…