ASUU Strike Returns: Nigeria Is Still Trapped in the Same University Strike Cycle

The Academic Staff Union of Universities (ASUU) has declared indefinite strikes at Imo State University and Nasarawa State University, Keffi, disrupting academic activities over unpaid salaries, promotion arrears and other outstanding entitlements. At the same time, ASUU has authorized branches in about 20 other universities to issue 14-day strike ultimatums over the failure to implement…

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FG Promises to Pay Outstanding Wage Awards by Mid-August, But Workers Want More Than Another Promise

The Federal Government has assured public servants that outstanding wage awards will be paid before the middle of August, after months of complaints over delayed payments. Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele, gave the assurance as the government also moved to address outstanding promotion arrears. The immediate significance is obvious: workers…

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Nigeria’s Gazelle 2 Deal Could Give the Federation More Room to Breathe, But It Is Not Free Money

Nigeria’s latest move to refinance Project Gazelle is less significant because of the headline $4.5 billion figure and more because of what the restructuring could change about the country’s access to cash. The National Economic Council has approved a new $4.5 billion financing arrangement, Project Gazelle 2, to refinance the outstanding balance of about $1.5…

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Nigeria Has the World’s Largest Electricity Access Gap. The Bigger Problem Is What That Costs the Economy.

Nigeria has once again emerged as the country with the largest number of people living without access to electricity, a distinction no government wants to hold. According to the World Bank’s latest energy access data, around 86.8 million Nigerians still lack electricity, the highest figure globally despite years of investment and reforms in the power…

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Nigeria Breaches Debt Sustainability Threshold After Borrowing 61% Above Budget

Nigeria’s public debt has exceeded the government’s debt sustainability threshold after the Federal Government borrowed 61.2% more than originally budgeted to finance a wider-than-expected fiscal deficit in 2024, according to data from the Budget Office analyzed by BusinessDay. The report showed that total public debt rose to ₦144.67 trillion, pushing the country’s debt-to-GDP ratio to…

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Tracka Flags ₦962.83bn Budget for SUVs and Empowerment Projects, Raising Spending Concerns

Nigeria’s 2026 Appropriation Act has come under fresh scrutiny after civic technology organization Tracka revealed that the Federal Government allocated ₦962.83 billion for the procurement of 39 Sport Utility Vehicles (SUVs) and 2,579 empowerment projects—an amount that exceeds the combined budgets of seven key federal ministries. According to Tracka’s budget review, ₦15.13 billion has been…

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Tinubu Signs Executive Order to Harmonise Nigeria’s Virtual Asset Regulations

President Bola Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, introducing a unified regulatory framework for Nigeria’s fast-growing virtual assets sector. The order aims to harmonize oversight across financial regulators, protect investors from fraud, and support responsible innovation in the country’s digital economy. It took immediate effect upon signing. The Executive…

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FG Files Terrorism Charges as Freed Oyo Teachers Recount 56 Days in Captivity

The Federal Government has filed a 10-count terrorism charge against three men accused of orchestrating the abduction of pupils and teachers from schools in Oriire Local Government Area of Oyo State, as survivors continue to reveal details of their 56-day ordeal in captivity. The suspects, Abdulrazak Umar (aka Abu Khalifa), Yunusa Musa, and Shamsu Adamu…

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FG Renames Lagos-Calabar Coastal Highway After President Tinubu

The Federal Government has officially renamed the Lagos-Calabar Coastal Highway as the President Bola Ahmed Tinubu Coastal Highway, describing the move as recognition of President Bola Tinubu’s long-standing vision for one of Nigeria’s biggest infrastructure projects. The announcement was made by the Minister of Works, David Umahi, during a media briefing in Abuja. Umahi said…

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