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has presented its 2024 Regulatory Impact Assessment, a comprehensive review aimed at overhauling existing telecom regulations

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Banking
has presented its 2024 Regulatory Impact Assessment, a comprehensive review aimed at overhauling existing telecom regulations

Nigerians use 45,800 terabytes of data daily — NCC

Business

Nigeria’s inflation rose to 16.42% in April

Economy

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Business

NSDC, BOI launch ₦10bn Sugar project acceleration fund for greenfield projects

The National Sugar Development Council and the Bank of Industry have created the Sugar Project Acceleration Fund to support the development and expansion of greenfield sugar projects across Nigeria. The ₦10 billion fund is designed to provide financing and project development support to viable greenfield initiatives, with the goal of fast-tracking the growth of a […]

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NLNG cargo diverted to Asia as regional prices spike

A cargo of liquefied natural gas from Nigeria has been redirected to Asia after rising regional prices created an arbitrage opportunity for traders. Data from analytics firm Kpler showed that the LNG tanker BW Brussels, which loaded at the Nigeria LNG terminal on Bonny Island on February 27, initially indicated it was bound for Europe […]

Opinion

OPL 245 dispute resolution will reposition economy – AGF Fagbemi

The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, SAN, has stated that resolving the longstanding dispute over Oil Prospecting Licence 245 will reposition Nigeria’s economy and strengthen the country’s fiscal muscle. Fagbemi also praised President Bola Tinubu’s visionary leadership, which enabled the breakthrough. “This development will pave the way for large-scale investments, […]

Aviation

Nigeria must boost business environment to grow passenger traffic — FAAN MD

The Managing Director of the Federal Airports Authority of Nigeria, Mrs Olubunmi Kuku, has stated that boosting passenger traffic in the country requires improvements in the business environment and enhanced tourism activities. Kuku emphasized that for Nigeria’s hub strategy to succeed, international airports must have dedicated transit areas. She added that this should be supported […]

News

OpenAI robotics chief resigns over Pentagon military deal

OpenAI’s top robotics executive, Caitlin Kalinowski, announced on Saturday that she had resigned from the artificial intelligence company. Her resignation stemmed from concerns over OpenAI’s recent defense contract with the Pentagon, which allows deployment of its technology for military purposes, including potential war applications and domestic surveillance. The company behind ChatGPT secured the defense contract […]

Policy and Regulations

Tinubu’s reforms drive surge in Nigeria’s mining sector – Alake

The Minister of Solid Minerals Development, Dr. Dele Alake, has stated that reforms introduced by President Bola Tinubu have greatly enhanced Nigeria’s mining sector. These changes have increased productivity and attracted more Foreign Direct Investments. A statement from the Minister’s Special Assistant on Media, Segun Tomori, indicated that Alake pointed out the sector’s fast growth. […]

Second explosion hits Oil facility in Rivers State
Oil and Gas

Four killed as US-Israel strikes hit Iran oil depots

Overnight airstrikes by the United States and Israel targeted five oil-related facilities in and around Iran’s capital, Tehran, resulting in four fatalities, according to an Iranian official. Chief Executive Officer of the National Iranian Oil Products Distribution Company, Keramat Veyskarami, disclosed the details during a Sunday interview on state television. Veyskarami stated that the strikes […]

featured Oil and Gas

Navy dismantles illegal refineries, recovers stolen crude in Rivers

The Nigerian Navy said it dismantled illegal crude oil refining activities and recovered suspected stolen crude oil in the Ogba/Egbema/Ndoni area of Rivers State. This was disclosed in a statement issued on Saturday via its verified X handle. The Navy said the operation was carried out under its flagship maritime security initiative, Operation Delta Sentinel. […]

Niger owes Nigeria N4bn for electricity supply - NERC
Electricity featured

DisCos recorded ₦51.17bn revenue shortfall in December — NERC

Electricity distribution companies operating on Nigeria’s national grid recorded a N51.17 billion revenue shortfall in December 2025. This was revealed by the Nigerian Electricity Regulatory Commission in its December commercial performance fact sheet published on its website on Saturday. According to the report, the country’s 11 electricity distribution companies billed customers N258.66 billion during the […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
featured Finance

Naira drops to ₦1,398/$, weakest since January

The Naira weakened further at the end of the trading week, closing at N1,398 per United States dollar on Friday, as foreign exchange liquidity pressures persisted in the market. Data from the Central Bank of Nigeria showed the naira fluctuated between N1,404/$ and N1,398/$ during Friday’s trading session, while the simple average exchange rate settled […]

Business

Pension funds hit N28.04tn, govt securities dominate

Nigeria’s pension funds totaled N28.04 trillion, with federal government securities and domestic stocks accounting for 74.85 per cent of the portfolio, as of January 31, 2026. The National Pension Commission reported the figures in its latest unaudited industry portfolio update, highlighting fund managers’ preference for government-backed instruments and local equities to ensure safety and regulatory […]

CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
featured

Nigeria maintains growth momentum with February PMI above 56

Nigeria’s economic activity maintained strong growth momentum in February 2026, with the composite Purchasing Managers’ Index rising to 56.4 points. This was disclosed in the latest report by the Central Bank of Nigeria. The report shows that overall economic activity expanded for the fifteenth consecutive month. The report also indicated that growth remained broad-based across […]

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