News - thoughtmedianetwork.com

Seplat Workers Begin Indefinite Strike, Raising Risks to Nigeria’s Oil Output

Lagos — Workers at have embarked on an indefinite strike, introducing fresh uncertainty into Nigeria’s oil production outlook at a moment when global prices are rising and the country is under pressure to maximise output. The industrial action, which commenced on Friday, affects one of Nigeria’s most important independent producers, with operations concentrated in key

Seplat Workers Begin Indefinite Strike, Raising Risks to Nigeria’s Oil Output Read More »

Financialism Reversed: The State as Enforcer, Not Protector

Article / 1 Comment

Deck: Bola Tinubu diagnosed financialism’s war on the poor with surgical precision. Three years into his presidency, the patient is still bleeding — and the surgeon has changed sides. There is something uniquely unsettling about reading Financialism: Water from an Empty Well today, not as a policy text, but as a mirror held up to

Financialism Reversed: The State as Enforcer, Not Protector Read More »

Drone Strikes, Border Closure and the Brink of War: Chad–Sudan Crisis Deepens

Article / Leave a Comment

N’Djamena/Tine — Escalating cross-border attacks and drone strikes have pushed tensions between and to a critical point, with growing fears of direct military confrontation. Crisis Timeline: Escalation in Motion The current crisis has unfolded through a series of increasingly severe incidents: The pattern reflects a shift from indirect spillover to direct targeting of Chadian territory.

Drone Strikes, Border Closure and the Brink of War: Chad–Sudan Crisis Deepens Read More »

₦68.3tn Budget Approved as Security Spending Falls, Oversight Questions Emerge

Article / Leave a Comment

Abuja — Nigeria’s National Assembly has approved a ₦68.3 trillion budget for 2026, the largest in the country’s history, following a late upward revision by President . The appropriation, initially presented at ₦58.47 trillion, was increased by ₦9.3 trillion through a presidential request endorsed by lawmakers without detailed scrutiny — a move that has drawn

₦68.3tn Budget Approved as Security Spending Falls, Oversight Questions Emerge Read More »

Dangote Refinery Begins Export of Refined Products

Business News, News / Leave a Comment

Lagos — The Dangote Petroleum Refinery has commenced the export of refined petroleum products, marking a significant milestone in Nigeria’s downstream oil sector. The development signals a shift in Nigeria’s long-standing position as a net importer of refined fuel, as the country begins to supply petroleum products to regional and international markets. Industry analysts say

Dangote Refinery Begins Export of Refined Products Read More »

Naira Holds Steady at Q2 Open on Strong Reserves, Tight Policy

Business News, News, Stock Market / Leave a Comment

Abuja — The Nigerian naira has started the second quarter of 2026 on a stable note, trading within a controlled range against the U.S. dollar as macroeconomic buffers strengthen. External reserves, according to the Central Bank of Nigeria (CBN), remain robust at about $49.40 billion, providing sufficient cover for foreign exchange interventions and market stability.The

Naira Holds Steady at Q2 Open on Strong Reserves, Tight Policy Read More »

Police Dismiss Security Threat Reports in Abuja

Article / Leave a Comment

Abuja — The Federal Capital Territory Police Command has debunked reports of a security threat in the Federal Capital Territory, describing the claims as false and misleading. Authorities said there is no verified intelligence suggesting any imminent danger in Abuja, urging residents to remain calm and go about their normal activities. The command warned against

Police Dismiss Security Threat Reports in Abuja Read More »

IPAC Warns INEC Over ADC Crisis, Flags Risks to 2027 Elections

News / Leave a Comment

Abuja — The Inter-Party Advisory Council (IPAC) has faulted the Independent National Electoral Commission (INEC) over its handling of the crisis within the African Democratic Congress (ADC), warning that missteps could undermine Nigeria’s electoral stability. IPAC cautioned against what it described as premature decisions, stressing that improper handling of internal party disputes could weaken confidence

IPAC Warns INEC Over ADC Crisis, Flags Risks to 2027 Elections Read More »

Report Links Herbert Wigwe to 106 London Properties, Ranks Among Top Overseas Owners

News / Leave a Comment

London/Abuja — A new investigative report has linked late Nigerian banking executive to the ownership of 106 properties in London, placing him among the most significant overseas real estate holders in the UK capital. The findings, published by , form part of a broader investigation titled “Revealed: The billionaires who really own London,” which maps

Report Links Herbert Wigwe to 106 London Properties, Ranks Among Top Overseas Owners Read More »

Nigeria: Fuel Prices Surge Despite Record Reserves as Oil Rally Bites Consumers

Business News, Investments, News / Leave a Comment

Abuja/Lagos — Nigeria is facing a sharp rise in fuel costs even as external reserves climb to a 13-year high, highlighting a growing disconnect between macroeconomic gains and everyday living conditions. Petrol and Diesel Prices Climb Petrol prices have surged to around ₦1,275 per litre and rising, following multiple upward adjustments by the within a

Nigeria: Fuel Prices Surge Despite Record Reserves as Oil Rally Bites Consumers Read More »