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In a bold move to address the persistent conflict between herders and farmers, 11 Nigerian states have signaled readiness to adopt ranching as a sustainable alternative to open grazing. The states—Lagos, Plateau, Ondo, Zamfara, Bauchi, Delta, Niger, Kano, Jigawa, Nasarawa, and Anambra—have either set aside land or are in the process of formulating policies to support the initiative. This development comes amid growing insecurity in states like Benue and Plateau,

Guaranty Trust Bank (GTBank) has lost its legal bid to repossess a valuable mansion in Ikoyi, Lagos, tied to a disputed loan agreement involving Alhaji Agboola Abiola, son of late Nigerian business magnate and politician, Chief M.K.O. Abiola. The Lagos Division of the Court of Appeal nullified a 2013 judgment from the Federal High Court that had earlier granted GTBank rights to foreclose on the N30 billion property—reportedly a 44-room

A SpaceX Starship prototype exploded on Wednesday, June 18, 2025, during a static fire test at the company’s Starbase facility in Texas, marking a significant setback in the spacecraft’s ongoing development. The explosion occurred as engineers prepared the vehicle for its much-anticipated 10th test flight. Though dramatic, the incident did not result in any injuries, and all personnel at the site were confirmed safe. Initial findings suggest that a malfunction

Despite recording a trade surplus of ₦668.34 billion in agricultural exports in the first quarter of 2025, food insecurity and hunger remain pressing concerns in Nigeria, according to agriculture experts. Figures released by the National Bureau of Statistics (NBS) show that agricultural exports rose to ₦1.7 trillion, outpacing imports which stood at ₦1.04 trillion. This surplus, buoyed by a 150-day duty-free import window initiated by the Federal Government, highlights increasing

In a significant move to tackle rising food prices, Nigeria’s 36 state governors have agreed to a coordinated effort with the Federal Government to remove barriers hampering the smooth movement of food across the country. This includes harmonizing state-level levies, eliminating illegal checkpoints, and supporting a unified security framework. The collaboration follows a high-level meeting with National Security Adviser Nuhu Ribadu, several federal ministers, and governors under both the Nigeria

Nigeria’s power transmission system, managed by the Transmission Company of Nigeria (TCN), is facing severe setbacks due to chronic underfunding, widespread vandalism, and regulatory inefficiencies, according to TCN’s Managing Director, Sule Abdulaziz. 🔧 Key Challenges: 1. Vandalism Crisis Over 109 transmission towers vandalized between January–March 2025 alone. Port Harcourt region suffered most, with 62 towers destroyed in 13 attacks. 2024 and 2025 have seen record vandalism cases, leading to extended

A new report by Renaissance Capital has raised red flags over the Central Bank of Nigeria’s (CBN) decision to impose a 50% Cash Reserve Ratio (CRR) on banks, warning that the policy is choking bank liquidity, stifling lending, and potentially undermining Nigeria’s $1 trillion GDP ambition by 2030. 🔍 Key Findings: Liquidity drain: With 50% CRR and 30% liquidity ratio, banks have just 20% of customer deposits left for lending