Author: nuus.ng reporters

Oil spill chokes Nembe Creek communities as residents seek intervention
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nuus.ng reporters

Oil spill chokes Nembe Creek communities as residents seek intervention

By Samuel Oyadongha NEMBE CREEK — The stench of crude oil hangs heavy over the Nembe Creek communities, coating mangroves, centuries-old trees, and the waterways that have sustained generations of fishermen.  For more than 20 fishing settlements along the waterway, the latest oil spill represents a severe threat to their livelihoods and environment.  The incident […]

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Warri, environs in darkness over epileptic power supply
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nuus.ng reporters

Warri, environs in darkness over epileptic power supply

•We call NEPA Light Trafficator — residents •Say transformer replacement has become a business •Demand transfer of BEDC staff By Jimitota Onoyume At 7.30pm, Warri, in Delta State, should ordinarily be alive. The streets should be glowing with electric lights. Shops should be open, cold drinks should be chilling in refrigerators, barbing salons and hairdressing […]

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OML 42: Nestoil targets improved oil production with $28m investment
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nuus.ng reporters

OML 42: Nestoil targets improved oil production with $28m investment

Nestoil Group, yesterday disclosed that it has invested about $28 million in two drilling rigs as part of efforts to boost crude oil production and strengthen indigenous drilling capacity in Nigeria. The Group, in a statement, said through its strategic business unit, Scorpio Drilling International, it recently deployed the Pathfinder 500 rig to Oil Mining […]

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Nigerian banks closed 234 branches, 649 ATMs, IMF report
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nuus.ng reporters

Banks’ borrowing drops 89% to N126bn 

Banks’ borrowing from the Central Bank of Nigeria’s (CBN) Standing Lending Facility, SLF, declined by 89 percent to N126 billion in August 2026 from N1.19 trillion in July 2026, reflecting higher liquidity in the banking system. The CBN has two short term lending windows for banks: the      Standing Lending Facility (SLF) and Repo […]

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IMF warns stablecoins cannot replace fiscal discipline as global debt risks mount
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nuus.ng reporters

IMF warns stablecoins cannot replace fiscal discipline as global debt risks mount

By Peter Egwuatu The International Monetary Fund (IMF) has warned that the growing adoption of dollar-backed stablecoins must not be allowed to weaken fiscal and monetary discipline in countries whose currencies and assets underpin the digital tokens. According to a statement released by the IMF, its Managing Director, KristalinaGeorgieva, who spoke at the Jackson Hole […]

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Blackout in north
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nuus.ng reporters

Electricity subsidy bill hits N1.92trn in 2025 — NERC

By ObasEsiedesa, Abuja The electricity tariff subsidy obligation of the Federal Government (FG) stood at N1.92 trillion in 2025, as the government continues to absorb the gap between cost-reflective electricity tariffs and rates paid by customers, according to the Nigerian Electricity Regulatory Commission (NERC). NERC, in its 2025 industry report, put the government’s gross tariff […]

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nuus.ng reporters

Nepal floods death toll surpasses 1,000 as thousands remain missing

Devastating floods on the China-Nepal border have killed at least 987 people in Nepal, the disaster authority said Tuesday, taking overall deaths to more than 1,000. Chinese state media earlier confirmed 16 people were killed in Tibet, bringing the total toll from Wednesday’s disaster to 1,003. The number of missing in Nepal dropped to 3,916,

Read More: https://punchng.com/nepal-floods-death-toll-surpasses-1000-as-thousands-remain-missing/

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nuus.ng reporters

Morning recap: EFCC summons Sylva over $14.86m fraud, public funds moved into crypto, other top stories

From the EFCC summoning former Bayelsa governor Timipre Sylva over an alleged $14.86m fraud to revelations that public funds were moved from a local government account into cryptocurrency wallets, fresh anti-corruption developments dominate the morning headlines. In the United States, a former Los Angeles gang leader has been found guilty of murdering rap icon Tupac

Read More: https://punchng.com/morning-recap-efcc-summons-sylva-over-14-86m-fraud-public-funds-moved-into-crypto-other-top-stories/

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