Business

NMDPRA urges Africa to adopt regional fuel pricing

  • 30th July 2026

Seplat sells 10% JV stake to NNPCL for

  • 30th July 2026

BREAKING: Femi Otedola acquires ₦222.20bn First HoldCo shares

  • 30th July 2026

World Bank warns Nigeria risks missing AI revolution

  • 30th July 2026

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Spain rejects emergency declaration despite migrant surge from Morocco 

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NMDPRA urges Africa to adopt regional fuel pricing benchmark

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Seplat sells 10% JV stake to NNPCL for $281.6m

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Resident doctors declare indefinite nationwide strike from August 10

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Opinion

Ndume hails Tinubu over ₦68bn power intervention in Borno

Former Senate Leader Ali Ndume has praised President Bola Tinubu for approving ₦68 billion in operational support for the Maiduguri Emergency Power Plant. The funding, scheduled to be released in phases between March 2026 and December 2028, is intended to tackle the persistent power shortages in Borno State, which have been worsened by insurgent attacks […]

Finance

Nigeria spends $6bn yearly on imported clothing — FG

The Federal Government has indicated that Nigeria’s textile industry is struggling with massive importation, poor infrastructural backbone against local manufacturers and trade malpractices. Vanguard reported that speaking to journalists in Abuja on Monday, Minister of Industries, Trade and Investment, Dr. Olajumoke Oduwole, said as a result of weakened domestic production, Nigeria spends about $6 billion […]

Economy

FG unveils plan to unlock $74bn livestock economy by 2035

The Minister of Livestock Development, Alhaji Idi Mukhtar Maiha, has outlined a comprehensive roadmap for unlocking Nigeria’s projected $74 billion livestock economy, stressing that bold reforms, strategic investments and stronger private sector participation are critical to achieving the target by 2035. Vanguard reported that speaking at the Vanguard Economic Discourse 2026 in Lagos, the minister, […]

MTN, Airtel generate N3.67trn data, voice revenue in 2024 H1
Business

Court orders MTN, Airtel to restore airtime borrowing services

The Federal High Court have issued interim injunctions restoring airtime lending services and blocking the enforcement of contested regulations introduced by the Federal Competition and Consumer Protection Commission. The FCCPC had rolled out the controversial Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations in 2025, triggering the legal challenge. The rulings, delivered in Lagos and […]

Business

Manufacturers lament low export share despite ₦85trn total exports

Manufacturers in Nigeria have lamented the persistently low contribution of manufactured goods to the nation’s export basket despite a rise in total exports in 2025, warning that structural bottlenecks continue to undermine the country’s competitiveness in the global market. Vanguard reported that exporters under the Manufacturers Association of Nigeria Export Promotion Group disclosed that although […]

Policy and Regulations

2026 tariff amendments to boost domestic manufacturing growth — CPPE

The 2026 Fiscal Policy measures and Tariff Amendments recently approved by the Federal Government will engender a boost in domestic manufacturing and import substitution in the country, the Centre for the Promotion of Private Enterprise has stated. The measures include revisions to the Import Adjustment Tax covering 192 tariff lines, selective import restrictions, tariff reductions […]

Business

FG unveils AfCFTA toolkits to streamline trade processes

The Federal Government has unveiled simplified guidebooks and toolkits to strengthen Nigeria’s engagement in the African Continental Free Trade Area streamline trade processes, and drive non-oil export growth. Published in English, Arabic, and Hausa, the materials are intended to deepen inclusivity and equip Nigerian businesses to tap into opportunities across the continental market. The Minister […]

Finance

CBN maintains forex restrictions on BDCs over compliance concerns

The Central Bank of Nigeria has maintained restrictions on Bureau De Change operators’ access to the official foreign exchange market, citing concerns over control and past abuses. This is based on insights from forex traders and market operators who spoke to Nairametrics. The development highlights the apex bank’s continued preference for bank-led FX distribution amid […]

Tech

Meta inks deal to keep solar farms running overnight

Meta has signed an agreement with energy startup Overview Energy in a move that signals an ambitious push to secure round-the-clock electricity supply for artificial intelligence infrastructure, according to people familiar with the arrangement. The deal could see as many as 1,000 satellites deployed to transmit infrared light to solar farms, enabling them to continue […]

Pensioners lament FG’s decision to scrap PTAD
Business

PTAD completes final payment of N32,000 pension increment arrears

The Pension Transitional Arrangement Directorate has announced that it has disbursed the final one-month arrears of the N32,000 pension increment to eligible retirees under the Defined Benefit Scheme. This was contained in a statement released on Monday by PTAD’s Head of Corporate Communications, Mr. Olugbenga Ajayi. According to the agency, the payment completes all outstanding […]

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