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FG Sets Transition for Direct Oil Payments to Federation Account
National News Mar 3, 2026

FG Sets Transition for Direct Oil Payments to Federation Account

The Federal Government has started a new plan to make sure money from Nigeria's oil goes directly into the country's main account. Under a new rule called Executive Order 9, oil companies will now pay the government directly instead of going through other steps. To make sure this big change doesn't cause problems for businesses, the Minister of Finance, Wale Edun, has announced a "transition period."

Global Markets React: Oil Surges, Stocks Slide After Iran Attacks
Energy & Infrastructure Mar 3, 2026

Global Markets React: Oil Surges, Stocks Slide After Iran Attacks

The sudden escalation of conflict in the Middle East has sent shockwaves through the global economy. On Monday, March 2, 2026, oil prices spiked by nearly 10% after major energy facilities in Saudi Arabia and Qatar were hit by drone attacks. While energy companies saw their stock prices rise, travel and consumer businesses faced a difficult day as investors moved their money into safer assets like gold.

Rescued Kidnap Victim Delivers Twins at Kogi IDP Camp
National News Mar 3, 2026

Rescued Kidnap Victim Delivers Twins at Kogi IDP Camp

In a heartwarming turn of events at an IDP camp in Kogi State, a woman rescued from kidnappers has safely given birth to twin girls. This story highlights the ongoing security efforts in the state and the government's commitment to providing medical care and a safe space for survivors to recover.

Nigeria’s FX Reserves Surge to $34.8B as CBN Reforms Boost Confidence
Economy Mar 3, 2026

Nigeria’s FX Reserves Surge to $34.8B as CBN Reforms Boost Confidence

The Central Bank of Nigeria has reported a significant jump in the country's foreign exchange reserves, reaching over $34 billion in 2025. This growth reflects new financial reforms that have helped build trust with international investors and strengthened Nigeria’s ability to manage its economy.

FG Sets Transition for Direct Oil Payments to Federation Account
🔥 Trending

FG Sets Transition for Direct Oil Payments to Federation Account

The Federal Government has started a new plan to make sure money from Nigeria's oil goes directly into the country's main account. Under a new rule called Executive Order 9, oil companies will now pay the government directly instead of going through other steps. To make sure this big change doesn't cause problems for businesses, the Minister of Finance, Wale Edun, has announced a "transition period."

Global Markets React: Oil Surges, Stocks Slide After Iran Attacks
🔥 Trending

Global Markets React: Oil Surges, Stocks Slide After Iran Attacks

The sudden escalation of conflict in the Middle East has sent shockwaves through the global economy. On Monday, March 2, 2026, oil prices spiked by nearly 10% after major energy facilities in Saudi Arabia and Qatar were hit by drone attacks. While energy companies saw their stock prices rise, travel and consumer businesses faced a difficult day as investors moved their money into safer assets like gold.

Rescued Kidnap Victim Delivers Twins at Kogi IDP Camp
🔥 Trending

Rescued Kidnap Victim Delivers Twins at Kogi IDP Camp

In a heartwarming turn of events at an IDP camp in Kogi State, a woman rescued from kidnappers has safely given birth to twin girls. This story highlights the ongoing security efforts in the state and the government's commitment to providing medical care and a safe space for survivors to recover.

Nigeria’s FX Reserves Surge to $34.8B as CBN Reforms Boost Confidence
🔥 Trending

Nigeria’s FX Reserves Surge to $34.8B as CBN Reforms Boost Confidence

The Central Bank of Nigeria has reported a significant jump in the country's foreign exchange reserves, reaching over $34 billion in 2025. This growth reflects new financial reforms that have helped build trust with international investors and strengthened Nigeria’s ability to manage its economy.

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