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Nigeria Government Loses Over N2.3 Trillion to Stranded Power in 12 Years

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Nigeria’s electricity sector has suffered heavy financial setbacks over the past 12 years, with an estimated ₦2.31 trillion lost to stranded power — electricity generated but not delivered to consumers due to persistent transmission and distribution bottlenecks.

According to data compiled from power generation companies (GenCos), the country has consistently been unable to evacuate more than 2,000 megawatts (MW) of available electricity to the national grid each year. This means that a substantial portion of the power produced never reaches homes or businesses, worsening the nation’s chronic energy supply deficit.

Industry experts attribute the recurring losses to weak transmission infrastructure, poor maintenance of distribution networks, and delayed investments in grid expansion. These challenges have limited the capacity of the Transmission Company of Nigeria (TCN) and distribution companies (DisCos) to fully absorb and deliver generated power.

Between 2013 and 2025, the cumulative impact of this inefficiency translates to over ₦2.31 trillion in lost electricity value — funds that could have been reinvested into improving generation capacity, grid reliability, and access to electricity across the country.

Despite ongoing reforms and the federal government’s push toward privatization and renewable integration, the persistent gap between power generation and actual delivery continues to hinder Nigeria’s industrial productivity and economic growth.

Analysts warn that unless significant upgrades are made to the transmission and distribution network, the country will remain trapped in the cycle of generating more power than it can deliver — a paradox at the heart of Nigeria’s energy crisis.

Nigeria FG Moves to Ban Sale of Flight Tickets in US Dollars

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The Federal Government is taking steps to stop foreign airlines operating in Nigeria from selling flight tickets in US dollars, according to the National Association of Nigerian Travel Agencies (NANTA).

NANTA disclosed that the move aims to reduce pressure on the naira and restore compliance with Nigerian aviation regulations, which require all transactions within the country to be conducted in local currency.

The association noted that several international carriers continue to price tickets in dollars, making air travel unaffordable for many Nigerians and contributing to foreign exchange instability.

In response, government agencies are said to be working on new enforcement measures to ensure airlines comply with local currency policies.

Meanwhile, travel operators are calling on the government to provide stronger policy and financial support for domestic airlines, particularly Air Peace, which has expanded international routes in recent months.

Industry analysts believe that curbing dollar-denominated ticket sales could ease forex demand and help stabilize the aviation sector, though they warn that enforcement must be balanced to avoid disruptions in flight operations.

Fuel Import Duty: Marketers Warn 15% Levy Could Cripple Operations

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Petroleum marketers have raised alarm over the Federal Government’s proposed 15% import duty on fuel products, warning that the policy could severely disrupt operations and worsen Nigeria’s fuel supply challenges.

According to industry sources, the new levy — expected to apply to imported petrol, diesel, and aviation fuel — would significantly increase landing costs and retail prices at a time when businesses are already struggling with high exchange rates and logistics expenses.

Marketers argue that the additional cost burden could force many independent operators out of business, further consolidating the market in the hands of a few major importers. They also warn that consumers may soon face higher pump prices if the policy is implemented without supporting measures.

Industry groups are urging the government to reconsider or suspend the proposed duty, noting that fuel imports remain vital until local refineries — including the Dangote Refinery and state-owned plants — begin consistent production.

Stakeholders say that while the policy aims to boost government revenue and encourage local refining, its timing could be counterproductive, given the fragile state of the downstream sector and Nigeria’s ongoing battle with inflation and currency depreciation.

Naira Hits Strongest Level of 2025 Amid Improved Dollar Inflows and Rising Reserves

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The Nigerian naira has recorded its highest value since the beginning of the year, trading at ₦1,421.73 per U.S. dollar in the official foreign exchange market. The development marks a notable strengthening of the local currency amid renewed investor confidence and improved foreign exchange supply.

According to data from the FMDQ Exchange, the naira appreciated by 2.48% week-on-week, supported largely by increased inflows from portfolio investors who have shown renewed interest in Nigeria’s financial markets. The positive movement is being attributed to recent policy adjustments by the Central Bank of Nigeria (CBN), aimed at improving liquidity and transparency within the forex ecosystem.

Before the currency was floated in June 2023, Nigeria maintained a dual exchange rate regime, with a sharp disparity between the official and parallel market rates. The liberalization of the forex market has since narrowed that gap, allowing market forces to play a greater role in determining the value of the naira.

Further boosting optimism, Nigeria’s foreign reserves rose by $820 million between September and October 2025, reflecting improved dollar inflows from exports, remittances, and investor participation. Analysts suggest that sustained growth in reserves could provide a stronger buffer for the naira in the months ahead, especially as the CBN continues efforts to stabilize the market and attract long-term investment.

The recent rally in the naira underscores growing confidence in Nigeria’s monetary policy direction, even as stakeholders call for consistency in reforms to ensure lasting currency stability.

FG to Release ₦11.99bn to Settle Doctors’ Arrears Amid Ongoing Nationwide Strike

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By Ranks Africa News Desk

In a decisive move aimed at ending the ongoing nationwide strike by the National Association of Resident Doctors (NARD), the Federal Government has announced plans to release ₦11.99 billion within the next 72 hours to clear outstanding salary and allowance arrears owed to medical professionals.

The announcement was made on Saturday by Alaba Balogun, Head of Information and Public Relations at the Federal Ministry of Health, who confirmed that the government is taking “concrete actions” to address the grievances that prompted the industrial action.

According to Balogun, the payment is part of a broader government initiative to restore stability in the health sector, improve staff welfare, and ensure consistent delivery of medical services nationwide.

“This payment is part of a coordinated effort to stabilize the health workforce and ensure uninterrupted medical services across the country,” Balogun stated.

He further revealed that discussions are ongoing with relevant agencies to fast-track recruitment processes, settle other outstanding financial obligations, and implement long-term health sector reforms aimed at preventing future disputes.

The announcement follows days of disruption in hospitals nationwide after resident doctors began an indefinite strike to protest delayed payments and inadequate working conditions.

Observers note that the government’s rapid response signals an urgent attempt to rebuild trust with healthcare professionals and avert a deeper crisis in the already strained medical system.

Sowore Rejects Trump’s Reported Threat of Military Action in Nigeria, Warns Against Foreign Interference

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Sowore Rejects Trump’s Reported Threat of Military Action in Nigeria, Warns Against Foreign Interference

By Ranks Africa News Desk

Human rights activist and pro-democracy advocate Omoyele Sowore has voiced strong opposition to reports of a statement by U.S. President Donald Trump, suggesting possible military intervention in Nigeria under the guise of protecting Christians.

Taking to his official X handle, Sowore cautioned that such foreign involvement has historically deepened instability and chaos in nations where it was supposedly intended to “restore order” or “protect rights.” He cited examples from the Middle East and Africa, warning Nigerians not to be swayed by rhetoric that could undermine national sovereignty.

“Foreign military action has never brought stability anywhere—it only creates more suffering,” Sowore wrote. “Nigeria’s problems can’t be solved by outside powers. True change must come from within—through responsible leadership and accountability.”

Sowore emphasized that while the protection of all citizens, regardless of faith, remains vital, sustainable progress must emerge from domestic reforms, not external pressure or intervention.

His statement comes amid rising diplomatic tension between Abuja and Washington, following the U.S. government’s recent designation of Nigeria as a “Country of Particular Concern” over alleged religious persecution.

The activist’s comments echo a broader sentiment among civil society voices calling for homegrown solutions to Nigeria’s political and security challenges rather than reliance on foreign powers.

As the debate intensifies ahead of President Tinubu’s planned visit to Washington for high-level talks, Sowore’s warning underscores the delicate balance between defending human rights and preserving national sovereignty in Nigeria’s evolving international relations.

President Tinubu Set for High-Level Talks with US Officials Amid Growing Diplomatic Tensions

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President Tinubu Set for High-Level Talks with US Officials Amid Growing Diplomatic Tensions

By Ranks Africa News Desk

President Bola Ahmed Tinubu is set to embark on a critical diplomatic mission to the United States on Tuesday, for high-level discussions with senior American officials. The visit, according to presidency sources, seeks to ease escalating tensions between Abuja and Washington following recent allegations and policy moves by the US government.

The talks are expected to center on allegations of widespread persecution of Christians in Nigeria and reported threats of possible military intervention made by US President Donald Trump. President Tinubu will meet with US Vice President JD Vance, who has been officially designated to lead the discussions on behalf of President Trump.

The meeting, insiders say, will focus on strengthening bilateral cooperation in counter-terrorism, regional stability, and global security. Both nations are also expected to review existing partnerships under the US–Nigeria Strategic Dialogue framework and explore new areas of collaboration, particularly in defense, energy, and governance reforms.

Tensions between Nigeria and the United States reached a new height after President Trump announced Nigeria’s designation as a “Country of Particular Concern,” citing alleged attacks on Christian communities. The move drew strong reactions from Abuja, with President Tinubu firmly rejecting the classification, stressing that Nigeria’s Constitution guarantees full religious freedom for all citizens.

The Nigerian leader has consistently maintained that his administration engages both Christian and Muslim leaders across the federation, and that the government is taking concrete steps to combat security threats affecting Nigerians of every faith.

Analysts say the upcoming talks could mark a turning point in Nigeria–US relations. A diplomatic resolution may reaffirm Washington’s commitment to Nigeria as a key partner in West Africa, while a breakdown could strain long-standing security and economic cooperation between the two countries.

As the world watches closely, the outcome of this meeting will not only determine the future direction of bilateral relations but may also influence how both nations navigate faith-based tensions, foreign policy priorities, and global peace efforts in the months ahead.

Potential Implications of President Trump’s Threat of Military Action

If President Trump’s threat of military intervention were to materialize—or even persist rhetorically—it could trigger a severe diplomatic crisis between Nigeria and the United States.

  • Economic impact: Nigeria could face sanctions or reduced foreign investment if diplomatic channels collapse.
  • Security cooperation risks: Joint counter-terrorism programs, intelligence sharing, and military aid could be suspended.
  • Regional instability: Any direct or indirect US military move would destabilize West Africa’s fragile security balance.
  • Diplomatic isolation: Nigeria might pivot toward alternative allies, including China or Russia, further reshaping global power alignments in Africa.

For now, all eyes remain on Washington, as President Tinubu’s visit could determine whether the two nations move toward renewed partnership—or deeper confrontation.

A Call for Caution: Why Foreign Military Intervention in Nigeria Would Do More Harm than Good

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I have observed with keen interest Nigerians discuss the possibility of U.S. military intervention in Nigeria. The excitement by some is unfortunately ignorantly conceived as a solution to the killings by the extremist group.

it is essential to consider the dire consequences of such a decision, particularly for ordinary Nigerians.
History has shown that military invasions often exacerbate chaos rather than restore order, as evidenced by the turmoil in Libya and Iraq. These nations, once relatively stable, now grapple with widespread violence and instability following foreign interventions.

While the ongoing violence against Christians in Nigeria is a grave concern, it is crucial to recognize that extremist groups also threaten Muslim communities, as well as traditional worshippers and secular individuals. The root of the problem lies not in religious differences, but in the rise of violent extremists who exploit societal fractures.

The Nigerian Federal Government must take decisive action to combat these groups, demonstrating a commitment to justice and security for all citizens. A robust approach that emphasizes law enforcement, community engagement, and socioeconomic development is necessary. This strategy will help address the underlying issues without further aggravating an already volatile situation.

In short, intervention may seem like a solution, but more thoughtful, locally driven efforts are vital to securing a peaceful and united Nigeria. Let’s urge restraint and support the Nigerian people in their fight against extremism.

Fidelis Duker is a Filmmaker and Media Practitioner who writes from Abuja

Acts of Genocide Hidden in Plain Sight: Examining Targeted Violence in Nigeria and the United States

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Genocide is defined as “the crime of intentionally destroying a part or all of a national, ethnic, racial or religious group by killing people or by other methods”. By this definition, there are acts of genocide in Nigeria; and even in the United States of America, where they are euphemistically labeled hate crimes .

In Nigeria , those who currently perpetrate these acts of genocide are in four categories. First, the local and invading foreign terrorists from the sahel region of Africa who are engaged in a war with the Nigerian State, fighting to establish what they call an “Islamic State”. It must, however, be noted that these terrorists kill Christians and Muslims indiscriminately.

The second category is that of muslim fanatics, islamists and jihadists who are extremist fringes of islamic groupings in Nigeria who favour a full blown implementation of sharia law. These fringe elements seize on protests , riots, religious upheavals and periodic alleged desecration of the name of the Holy Prophet to kill, maim and destroy places of worship .

The third category is that of ethnic expansionist, territory annexationists, conquerors and settlers who use the pretext of intenerant pastoralism to grab greener pasturelands from local populations and indigenous communities. This category also has a bi-category of ethnic armies who are organized to defend the local groups and populations against armed invasions and pillages

The fourth category is that of ethnic militias and bandits , including separatist groups that are clamouring for secession.

Apart from these identified categories, there are bandits and criminal gangs engaged in kidnappings in many parts of Nigeria and collecting huge ransom payments.

What is the best way to respond to the foreign threat to militarily invade Nigeria to protect “ Christians”, based on allegations of anti-Christian genocide ?

The Federal Government of Nigeria has failed in putting a stop to these acts of genocide and unwarranted killings. The government has been negligent ; and in some cases government functionaries have been found to engage in acts of sabotage, collusion and connivance .

As a matter of urgency, the Government of the Federation must comprehensively restructure the internal security and defence system in Nigeria by sharing policing and internal security powers with local governments and States to enable them defend, in real time, their peoples and lands against bandits, terrorists, separatists, “Islamists” and marauders, who are using the facade and pretext of ethnic nationalism and itinerant pastoralism, to kidnap , kill, expropriate and subjugate local populations and indigenous communities. In this regard , it is silly for the FGN to create another national, centralized, agency called the National Forest Guard ( to be constituted based on federal character and quota system by way of recruitment, and to be composed, organized and deployed like the current police force , relying on interstate personnel posting ), which is handed over to a National Security Adviser Office. This is repeating past mistakes . Let the people of every state protect and defend their state.

Under this restructured internal security and defence system , a federal police and rejuvenated military force will coexist with the local governments and state governments police formations in the country.

A final end must be put to intenerant pastoralism in Nigeria . Cattles must be confined to states of origins of cattle owners and herdsmen, where they can receive support from government for grazing and ranch development. Interstate, crops and farms destroying marches in the name of exercising right to freedom of movement and right to residency in any part of Nigeria, open grazing and the antediluvian grazing routes , steeped in stone- age primitivism, must be prohibited.

The FGN should sincerely wage a full throttle war against all terrorists and bandits in all parts of the country. Dubious “ peace accords “ with implacable terrorists should be discarded forthwith.

Pusillanimous diplomacy and placatory genuflections are not the right propitiation to a man who thinks he is the emperor of the universe. Raising a team to his palace in Washington to engage him diplomatically will bring nothing but a televised national humiliation for any such unfortunate delegation. A mind fixated on scooping petroleum, gold , lithium et cetera on a disproportionate scale , as cost of funding his imagined military invasion to save his Christian brethren, would not be dissuaded from his arrogant messianism by such a visit. The sin of refusal to accept into Nigeria Venezuelan deportees from America cannot be forgiven by such a visit .

The best response by Nigeria is to immediately reorganize itself to ensure that lives and property are secure within our borders, that lives of innocent citizens are no longer wantonly wasted, and that religious liberty is not only guaranteed in our Constitution but also lived as our daily experience.

For those who are desperate for the Nigerian revolution , or who desire regime change , who have engaged in unbridled cyber jubilation, thinking that an armed invasion by this foreign government will precipitate change , let us be clear, what you are courting is chaos and unmitigated humanitarian crisis .

And for those Nigerians who have been praying for the disintegration of Nigeria, who see the man’s threatened intrusion as a God-sent opportunity for the actualization of an oodua nation, arewa republic or state of Biafra, let it be stated that while the man’s action may throw Nigeria into a state of pervasive internecine and fratricidal war , there will be no clinical secession by default , or seamless partition of Nigeria into ideal independent states. No. While the biggest black country on earth would be facing destruction, your separatist dreams would remain unfulfilled. And in case you do not know , in the face of such an invasion , you may be regarded as an enemy domestic , tried for treason , treasonable felony or aiding the enemy, and dealt with harshly , in accordance with the law

OPay hosts Empowering Futures Conference, launches ₦1.2 billion scholarship to 420 Nigerian students

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Leading Fintech firm, OPay Digital Services Limited, has reaffirmed its dedication to supporting Nigerian youth by organizing the “Empowering Futures Conference 2025” in Lagos and unveiling a ₦1.2 billion university scholarship program.

The event took place on Friday, October 31, at the Lagos Marriott Hotel in Ikeja.

It was attended by academics, tech experts, and notable celebrities like Tunde Onakoya, Nancy Isime, Enioluwa Adeoluwa,  Stan Nze, Layi Wasabi, Tania Omotayo, Kiekie, Ebuka Uchendu, and many others.

During the event, OPay unveiled several programs under its Corporate Social Responsibility agenda. Among them is the ₦1.2 billion, 10-year scholarship program developed in partnership with Nigerian universities.

Executive Director and Chief Commercial Officer of OPay Nigeria, Elizabeth Wang, disclosed the 10-year ₦1.2 billion Corporate Social Responsibility scholarship plan.

The scholarship aims to sponsor 420 students each year across 20 universities in all six geopolitical zones of Nigeria, offering financial assistance for tuition, accommodation, and essential study materials.

Institutions that were recipients of the grants included the Ahmadu Bello University, University of Ibadan; Obafemi Awolowo University; University of Ilorin; Federal University of Technology, Minna; Benue State University; University of Calabar; Olabisi Onabanjo University; and Bayero University.

Others were the Kwara State Polytechnic; University of Abuja; University of Uyo; Ambrose Alli University; Nasarawa State University; University of Maiduguri; Federal University of Health Sciences, Bauchi;  University of Jos;  University of Nigeria, Lagos State University; and the Federal Polytechnic, Nekede.

Additionally, the company introduced the CyberLab Project, a digital skills initiative focused on establishing innovation labs in universities nationwide to foster tech-driven learning and creativity.