Nigeria is losing an estimated $15 billion annually to oil theft and pipeline vandalism, a new study by Professor Usman Muhammed of Kaduna State University has revealed, raising serious concerns about the long-term sustainability of President Bola Ahmed Tinubu’s Renewed Hope Agenda beyond 2027.
Bearish sentiment was sustained on the Nigerian Exchange Limited over the past week, leading to the market closing in the red, with investors losing N2.84tn, a 2.90 per cent decline in market capitalisation.
The minister of aviation and aerospace development, Festus Keyamo, says the federal government is set to establish a Nigerian aircraft leasing company to ease aircraft acquisition challenges faced by domestic carriers.
Pension Fund’s investments in Federal Government (FG) securities rose by 18.1% Year-on-Year, YoY, in eight months, ended August 2025 to N15.824 trillion from N13.396 trillion recorded in the corresponding period of 2024.
The Federal Government has received 90 hectares of land from the Oyo State government to build the Moniya Inland Dry Port in a bold move to expand the country’s maritime infrastructure and decongest seaports.