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Tax Ombud, OGFZA partner to boost investor confidence, FDI

WorldStage— The Office of the Tax Ombud and the Oil and Gas Free Zones Authority (OGFZA) have agreed to deepen inter-agency collaboration aimed at strengthening investor confidence and attracting more foreign direct investment (FDI) into Nigeria’s oil and gas free zones. The collaboration is expected to improve the resolution of tax and fee related grievances […] The post Tax Ombud, OGFZA partner…

Nigeria: FG moves NIGCOMSAT-2A, 2B acquisition, deployment to next phase

By Abiodun Folarin WorldStage— The Federal Government has moved the acquisition and deployment of NIGCOMSAT-2A and NIGCOMSAT-2B into the next phase following Federal Executive Council (FEC) approval for the two next-generation High-Throughput Communication Satellites. The satellites, to be deployed by Nigeria Communications Satellite Limited (NIGCOMSAT), are expected to expand Nigeria’s satellite…

Atiku hits back at Tinubu over attack on promise to re-introduce fuel subsidy

*Demands explanation of N30trn revenue spendingWorldStage— Former Nigeria’s Vice President Atiku Abubakar has fired back at President Bola Ahmed Tinubu, describing the President’s critique of his proposed petroleum-sector intervention as the “insolent sermon of a failed economic experimenter.” In a scathing press statement issued on Senior Special Assistant on Public Communication, Phrank Shaibu,…

NEPA, PHCN’s pensioners protest, demand release of N350b outstanding pension arrears

WorldStage— Pensioners of the defunct National Electric Power Authority (NEPA) and Power Holding Company of Nigeria (PHCN) have staged a peaceful protest at the Tafawa Balewa Square in Lagos, demanding the immediate release of over ₦350 billion in outstanding pension arrears. Operating under the aegis of the Concerned NEPA/PHCN Pensioners, the aggrieved senior citizens carried […] The post NEPA,…

Nigeria: Tambuwal runs to Defence Minister for urgent intervention on insecurity nightmare in the North

WorldStage— Former House of Representatives Speaker, Senator Aminu Waziri Tambuwal, has met with the Minister of Defence, Gen. Christopher Musa (rtd.), to demand urgent federal intervention and increased security resources to combat worsening insecurity in Sokoto State. The former Sokoto governor and current lawmaker representing Sokoto South senatorial district was accompanied by Hon. Abdussamad…

Northern senators flay bureaucratic delays in validation of State Police Bill following terrorist onslaughts on Adamawa, Sokoto

WorldStage— The Northern Senators Forum (NSF) has demanded the immediate ratification of the State Police Bill, declaring that Nigeria can no longer lose innocent lives to bureaucratic delays. This urgent intervention followed coordinated terrorist onslaughts in Adamawa and Sokoto States that claimed more than 36 lives, including security personnel and worshippers. The renewed push for […] The…

As Police confirm 46 bodies recovered in Sokoto boat mishap, Speaker Abbas, mourns, calls for safety on waterways

The Speaker of the House of Representatives Rt. Hon. Abbas Tajudeen, has commiserated with the families of passengers who lost their lives in a boat accident on Thursday in Sokoto State, Nigeria. Abbas described the mishap as “unfortunate and painful,” in a statement issued by his Special Adviser on Media and Publicity, Musa Abdullahi Krishi. […] The post As Police confirm 46 bodies recovered in…

African students applaud Olukoyede’s successes in fight against corruption

WorldStage— The African Students Union Parliament on Friday, August 21, 2026, commended the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede, for his leadership and efforts in the fight against corruption and economic crimes in Nigeria. The students presented Olukoyede with the Pan-African Leadership Hall of Fame Award as Africa’s […] The post African…

Dangote plans 700,000bpd refinery in  Kenya, to offer 30% share to East African nations

Nigeria’s Dangote Group has offered a 30% stake in a planned refinery in Kenya to East African nations, a senior economic adviser to Kenya’s President William Ruto said. Dangote Group, the corporation of Africa’s richest man, Aliko Dangote, plans to build a refinery in Kenya with a processing capacity of as much as 700,000 barrels […] The post Dangote plans 700,000bpd refinery in Kenya, to offer…

FBI declines to release Tinubu’s record

WorldStage– The Federal Bureau of Investigation (FBI) has stayed that fully opening the file details of Nigeria’s President Bola Ahmed Tinubu to the public would disclose hidden investigative procedures and risk physical harm to individuals connected to the historical case. The agency said it has applied specific exemptions under the US Freedom of Information Act […] The post FBI declines to…

EFCC, ICPC in joint investigation of NFF over alleged misuse of N12b

WorldStage– The Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) are jointly investigating the Nigeria Football Federation (NFF) regarding the alleged misappropriation of a ₦12 billion (approximately $9 million) government fund. The funds, approved by President Tinubu in January 2024 for player bonuses, salaries, and…

NDC mobilizes members nationwide for 2027 General Elections campaigns

WorldStage– The Nigeria Democratic Congress (NDC) has directed all its candidates across the country to commence campaigns ahead of the 2027 general elections. In a national statement issued on Friday, August 21, 2026, the party’s National Publicity Secretary, Osa Director, announced that the flag-off strictly aligns with the official electoral timeline authorized by the Independent […] The post…

Nigeria: Oshiomhole-led investigative committee discovers ex-Gov Obaseki spent N3.8b on museum project

WorldStage– Investigative committee chaired by former Governor Adams Oshiomhole has revealed that the Edo State Government under former Governor Godwin Obaseki spent ₦3.8 billion of taxpayers’ money on the Museum of West African Art (MOWAA) project. The report, formally submitted on August 20, 2026, to the current Edo State Governor, Monday Okpebholo, concluded an intense […] The post Nigeria:…

EFCC boss orders withdrawal of cybercrime charges against Maryam Shehu, Abubakar Shuraim Abdulhamad

WorldStage– The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede has compassionately ordered the withdrawal of charges preferred against Maryam Isah Shehu and Abubakar Shuraim Abdulhamad, who were, on Thurday August 21, 2026 arraigned before Justice Joyce Abdulmalik of the Federal High Court, Abuja, for alleged cybercrime and peddling malicious […] The…

Sanwo-Olu, Popoola, business leaders seek stronger communication and innovation at 13th Lagos PR Conference

Effective communication, exemplary leadership and sustained investment in innovation dominated discussions at the 13th Lagos Public Relations Stakeholders’ Conference held on Thursday, August 20, 2026, at the MUSON Centre, Onikan, Lagos. The conference, themed “Communication, Leadership and Innovation for Sustainable Community Transformation in Nigeria,” brought together public relations…

Geregu Power’ chairman Yari indicts former owners of disappointing legacy after personally offset defaulted ₦40b bond

WorldStage– The Board Chairman of Geregu Power Plc (GPP), Senator Abdul-aziz Abubakar Yari has shed more light on why he is deploying his personal resources to pay the 8th coupon and part principal repayment under its ₦40.085 billion Series 1 Fixed Rate Bond to bond trustees, saying it is not an admission that the obligation is […] The post Geregu Power’ chairman Yari indicts former owners of…

Sanwo-Olu sets fresh agenda to end blackouts, as Lagos targets 3,500MW power supply

The Governor of Lagos State, Mr. Babajide Sanwo-Olu, has reaffirmed his administration’s commitment to ending the persistent blackout and aim for a twenty four hours electricity in the state. He said the Lagos State Government is ready to work with the critical stakeholders to actualise the targeted increase in available electricity supply to about 3,500 […] The post Sanwo-Olu sets fresh agenda to…

Geregu Power: Chairman’s bailout of ₦40b bond default further sustains market skepticism as stock fails to appreciate

WorldStage– Market sentiment on the stock of Geregu Power Plc (GPP) remained indifferent on Thursday despite the power generator’s confirmation of the payment of its 8th coupon and part principal repayment under its ₦40.085 billion Series 1 Fixed Rate Bond to bond trustees. The payment follows recent scrutiny regarding scheduled debt obligations under the company’s multi-issuance bond programme…

2027: Speaker Abbas assures IRI that Nigeria is committed to free, fair elections

WorldStage— The Speaker of Nigeria’s House of Representatives Rt. Hon. Abbas Tajudeen, has said the Federal Government is committed to free, fair, and credible general elections in 2027, adding that the House is providing legislative backing to the democratic process. He made this known when hosting a delegation from the International Republican Institute (IRI) on […] The post 2027: Speaker Abbas…

EFCC boss commended for turning proceeds of corruption into national assets

WorldStage— The President of Global Peace Movement International, Dr Mike Uyi, has commended the Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede, for converting proceeds of corruption into tangible national assets. His commendation comes barely a day after President Bola Tinubu directed the the EFCC to channel recovered funds into […] The post EFCC boss…

NIIRA 2025: NAICOM licenses more insurers after meeting capital requirements

By Abiodun Folarin WorldStage— The National Insurance Commission (NAICOM), has issued new licences to additional insurance companies, confirmed and verified as having met the minimum capital requirements under the Nigerian Insurance Industry Reform Agenda (NIIRA 2025). The Commission said the development marks another milestone in efforts to strengthen confidence, enhance financial stability and…

Nigeria: Executive order could unlock additional 1mbpd from deep offshore fields – NUPRC

WorldStage— The Deep Offshore Oil and Gas Project Incentives (Tax Remission) Executive Order 2026 signed by President Bola Ahmed Tinubu could unlock up to $50 billion in investments and facilitate the production of an additional one million barrels per day of crude oil and condensate from Nigeria’s deep offshore fields. The Executive Commissioner, Development and […] The post Nigeria: Executive…

NiHSA warns 33 states of high flood risk, urges immediate precautionary measures

WorldStage— The Nigeria Hydrological Services Agency (NiHSA), has placed 33 states across the country at high risk of riverine flooding between August 19 and 25, 2026, urging governments and communities in vulnerable areas to take immediate precautionary measures. The Director-General/Chief Executive Officer of NiHSA, Umar Mohammed, disclosed this in the Agency’s latest National Flood Advisory,…

Restoring Petrol Subsidies: Atiku’s volte-face and desperation for power

By Bayo Onanuga Alhaji Atiku Abubakar, former Vice President and perennial candidate for the presidency of Nigeria, has finally revealed his economic plans to Nigerians, should he be elected as President by January next year. Against expectations that he would announce a more creative and ingenious alternative to the programme being executed by the Tinubu […] The post Restoring Petrol Subsidies:…

GTCO delays audited half-year financial results pending regulatory approval

WorldStage– Guaranty Trust Holding Company Plc (GTCO) has announced a delay in the publication of its Audited Half-Year Financial Statements (HAFS) for the period ended June 30, 2026. In a public disclosure signed by Group General Counsel and Company Secretary Erhi Obebeduo, the financial institution confirmed that its Board of Directors reviewed and approved the […] The post GTCO delays audited…

UBA’s Board approves audited accounts for H1 2026, appoints Non-Executive Director

WorldStage– United Bank for Africa (UBA) Plc has announced that its Board of Directors approved the Group’s Audited Accounts and Financial Statements for the half-year ended June 30, 2026, alongside the appointment of Mr. Ibrahim Ajimasu Puri as a Non-Executive Director. CBN Approval and Closed Period Both the half-year financial statements and Mr. Puri’s board […] The post UBA’s Board approves…