BUSINESS AND ECONOMY
-
FG Imposes ₦100m Fine on Loan Sharks Under New Consumer Protection Rules
The Federal Government has rolled out strict regulations for digital lenders, with fines up to…
Full Story » -
FG, Polaris Capital to Train 100,000 Construction Artisans Under NASAP Program
The Federal Government has partnered with Polaris Capital to train and certify 100,000 construction artisans.…
Full Story » -
Nigeria’s Naira Hits Biggest Single-Day Jump Against U.S. Dollar in FX and Black Market
The naira recorded its sharpest single-day gain on Monday in both official and parallel markets.…
Full Story » -
Plateau Earmarks ₦2bn for Youth Empowerment, Launches Fresh Training Scheme
Plateau State has approved ₦2 billion to boost youth empowerment through training in ICT, agribusiness,…
Full Story » -
Ogun State Approves 130 Hectares for Ijebu-Ode Inland Dry Port, Unveils Electric Bike Scheme
Ogun State has approved 130 hectares in Ijebu-Ode for the proposed Inland Dry Port project.…
Full Story » -
Naira Extends Winning Streak, Gains Across Official and Black Markets
The naira ended the week stronger against the dollar, gaining at both official and black…
Full Story » -
CBN Sets October Deadline for GPS Installation on All PoS Terminals
The CBN has ordered all PoS terminals in Nigeria to be geo-tagged with GPS within…
Full Story » -
Nigeria, China Sign $1 Million Grant Agreement for Flood Relief in Northern States
Nigeria has signed a $1 million grant agreement with China to support flood relief efforts.…
Full Story » -
Tinubu Hails Capital Market Growth, Pledges More Reforms
President Bola Tinubu praised Nigeria’s capital market growth, describing it as renewed proof of investor…
Full Story » -
CBN Sets October 31 Deadline for Payment Companies to Migrate to ISO 20022 and Geo-Tag Terminals
The CBN has ordered banks and payment operators to adopt ISO 20022 and geo-tagging by…
Full Story » -
Tinubu: Nigeria’s Capital Market Shows Investor Confidence Is Back
President Bola Tinubu hailed Nigeria’s capital market as a sign of resilience and renewed investor…
Full Story » -
Tinubu Orders Suspension of Raw Shea Nut Exports to Encourage Local Processing
Tinubu has halted the export of raw shea nuts to strengthen Nigeria’s agriculture. The policy…
Full Story » -
Dangote Refinery to Begin Direct Fuel Distribution as 1,000 CNG Trucks Arrive
Dangote Refinery is set to begin direct fuel distribution with 1,000 new CNG trucks. The…
Full Story » -
TICAD9: Nigeria Secures $238m Power Grid Loan Deal with Japan
Nigeria has secured a $238 million loan from JICA to modernize and expand its power…
Full Story » -
NNPC’s Profit Falls by 79.6% in July Despite Increase in Oil, Gas Output
NNPC Ltd has reported a sharp 79.6% drop in profit after tax, plunging from ₦905bn…
Full Story » -
FG, States, LGs Share N2.001 Trillion in Federation Revenue for July
FAAC has shared ₦2.001 trillion among federal, state, and local governments for July 2025. The…
Full Story » -
Minister Musawa Unveils Strategic Plan to Enhance Creative Economy and Tourism
Minister Hannatu Musawa has unveiled fresh strategies to boost Nigeria’s creative economy and tourism industry.…
Full Story » -
Naira Experiences Slight Decline Despite Increased FX Inflows
The naira slipped slightly against the dollar Wednesday despite a surge in foreign currency inflows.…
Full Story » -
US Says Tinubu’s Minimum Wage Increase Wiped Out by Naira Devaluation
US report says Nigeria’s new minimum wage is overshadowed by inflation and currency collapse. Workers…
Full Story » -
Governors Launch NGF Investopedia to Address Nigeria’s $100bn Infrastructure Financing Gap
The Nigeria Governors’ Forum has unveiled Investopedia, a new platform to attract infrastructure investment. The…
Full Story » -
Tinubu Commissions WAGL 40,000 CBM LPG Carrier, Expands Nigeria’s Clean Energy Drive
President Tinubu has inaugurated MT Iyaloja, a 40,000 CBM LPG carrier, boosting Nigeria’s gas sector.…
Full Story » -
Nigeria Needs Voluntary Tax Compliance to Boost Revenues, FIRS
FIRS says voluntary compliance is the most sustainable path to boost Nigeria’s revenue growth. Officials…
Full Story » -
CBN Governor Meets WTO Chief Okonjo-Iweala on Strengthening Nigeria’s Trade Outlook
Nigeria’s central bank governor and WTO chief met in Abuja to discuss trade reforms, competitiveness…
Full Story » -
Zenith Bank Marks 35th Anniversary with Grand Celebration in Lagos
Zenith Bank marked its 35th anniversary with a grand Chairman’s Dinner in Lagos. The celebration…
Full Story » -
Bauchi Governor Appoints Chinese National as Economic Adviser Amid Push for Foreign Investment
Bauchi Governor Bala Mohammed has appointed Chinese businessman Li Zhensheng as Economic Adviser. The move,…
Full Story » -
Nigeria Urged to Reform and Modernize Ajaokuta Steel for Economic Growth
Nigeria must urgently reform Ajaokuta Steel Company to end decades of waste and mismanagement. Professor…
Full Story » -
Nigeria’s Internet Users Drop in June as Data Consumption Holds Steady
Nigeria’s active internet subscriptions dipped slightly to 141.1 million in June, NCC reports. Data usage…
Full Story » -
Tinubu Orders Review of Revenue Deductions by NNPC, FIRS, Customs, NIMASA, Others
Tinubu orders review of revenue practices in key agencies to boost savings and economic growth.…
Full Story » -
Bitcoin Smashes Through $124K for First Time
Bitcoin hits record $124,000, boosted by rising demand from investors and retirement accounts. Analysts credit…
Full Story » -
FG Unveils Plan to Revive Moribund Steel Plants
The Federal Government has launched a major plan to revive Nigeria’s steel sector after decades…
Full Story » -
Air Peace CEO Recounts $2 Million Loss to Tunisian Leasing Firm
Air Peace CEO Allen Onyema says the airline lost $2 million to a Tunisia-based leasing…
Full Story » -
Lagos Blue Line Train to Run Every 10 Minutes Starting August 11
Lagos Blue Line to run every 10 minutes from August 11, cutting Marina–Mile 2 trip…
Full Story » -
NSIA Awards $280,000 to Six Nigerian Startups Driving Innovation in Agriculture and Health
NSIA and partners have awarded $280,000 to six Nigerian startups in health and agriculture at…
Full Story » -
Nigeria, Benin Begin Implementation of Strategic Economic Cooperation Pact
Nigeria and Benin have begun implementing a bilateral trade pact to boost cross-border economic cooperation.…
Full Story » -
FG, Oyo Government Partner on Agribusiness Hubs to Create 100,000 Jobs
Vice-President Shettima says agriculture holds the key to Nigeria’s future growth and job creation. He…
Full Story » -
CBN Reaffirms Commitment to Economic Stability as Eight Banks Surpass Recapitalization Target
The Central Bank of Nigeria is doubling down on reforms and partnerships to stabilize the…
Full Story » -
NOA Alerts Public to Circulation of Fake ₦1,000 Notes in Akwa Ibom’s Coastal Communities
Fake ₦1,000 notes are circulating in Akwa Ibom’s riverine areas, prompting public safety warnings. NOA…
Full Story » -
Naira Opens August Steady Against Dollar in Official, Parallel Markets
The naira opened August steady against the dollar, maintaining rates in both official and parallel…
Full Story » -
Nigerians Will Soon Own Shares in My Refinery, Dangote Declares
Aliko Dangote says his refinery will soon be listed on the Nigerian Stock Exchange for…
Full Story » -
Oyo Allocates ₦5.4 Billion for SAfER Phase II to Boost SMEs, Agriculture, and Healthcare Access
Oyo State allocates ₦5.4 billion for second phase of SAfER to support economic recovery. Funds…
Full Story »