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Dangote Refinery expansion to create 95,000 jobs

  • 26th April 2026

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Dangote urges govt, private sector partnership to eliminate malaria

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SERAP, editors sue NBC over broadcast sanctions threat

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Dangote Refinery expansion to create 95,000 jobs

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Nigeria’s manufactured exports drop despite global trade surge —

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Banking

Why accounts of 50 firms operating loan apps are frozen –FCCPC

Babatunde Irukera is the Executive Vice-Chairman/Chief Executive Officer of the Federal Competition and Consumer Protection Commission, formerly known as the Consumer Protection Council. A lawyer by training, Irukera became the FCCPC helmsman in 2019 when the Federal Competition and Consumer Protection Act was enacted. In this interview, he disclosed that the agency had taken strong […]

US deficits projected $1trn higher over next decade
News

Manufacturers suffer scarcity as politicians buy dollars for primaries

As the naira continues its free fall against the dollar, manufacturers in the country have lamented the worsening scarcity of the United States currency, saying their inability to get the forex they need and the excessive delay in getting the little available are killing their businesses. However, findings revealed that the scarcity, which has driven […]

Why Nigeria must save oil revenues - IMF
Economy

IMF warns Nigeria to fix weak labour market

The International Monetary Fund has warned Nigeria and other emerging economies to promptly repair their weak labour markets and severe schooling disruptions to prevent plunging their economies into further damage. In a new report titled, ‘Healing the pandemic’s economic scars demands prompt action,’ the Washington-based lender said pandemic-induced losses for both economic output and employment […]

Ports and Airports

NPA plans crackdown, to levy barge operators

The Nigerian Port Authority has disclosed that barge operators have operated on free tickets for so long and need to start paying tariffs. Speaking in Lagos, the Managing Director, NPA, Mohammed Bello Koko, said that barge operations in the country would soon be concessioned, threatening to crack down on illegal operators. Explaining further, he said […]

eNaira hits 905k downloads
Policy and Regulations

Digital currency won’t eliminate naira notes – CBN

The Central Bank of Nigeria on Saturday disowned the statement credited to one of its staff that it would withdraw naira notes from circulation and replace it with the digital currency, known as eNaira. The Director, Corporate Communications Department, CBN, Mr Osita Nwanisobi, however, said the digital currency would complement the naira notes. In the […]

Trapped funds: CBN to give foreign airlines $150m
Economy

Forex inflow falls by 37% in one month -CBN

The foreign exchange inflows into the country fell by 36.7 per cent in one month to $4.36bn in January, figures obtained from the Central Bank of Nigeria have shown. The CBN  revealed in its report on ‘Foreign exchange flows through the economy’ that the economy recorded lower net foreign exchange inflow in January, driven, mainly, […]

Naira redesign: CBN has my approval, Buhari clarifies
Policy and Regulations

Money Laundering Act: Banks, firms to pay N1m daily for suspicious transactions

As part of its fresh move against money laundering, the Federal Government has enforced a fine of N1m per day for any financial institution or non-financial business and profession that fails to report any suspicious transaction. This is according to the Money Laundering (Prevention and Prohibition) Bill, 2022, which the President, Major General Muhammadu Buhari […]

Transportation

FG suspends train’s resumption, families seek abductees’ rescue

The Nigerian Railway Corporation has announced that it is postponing the resumption date for the Abuja Kaduna train services. This came as families of the abductees welcomed the development and urged the Federal Government to hasten its rescue efforts. The Deputy Director, Public Relations, at the NRC, Yakub Mahmood, made the announcement of the postponement […]

News

NGX demands full disclosure from companies

The Chief Executive Officer, NGX Regulation Limited, Ms Tinuade Awe, has said there is need for corporate bodies to adopt sound procedures in the reporting on their environmental and social impact. A statement said she spoke during a webinar hosted by the Corporate Secretaries International Association to explore how businesses and organisations could carry a […]

Banking

Paper currency will soon be out of circulation -CBN official

The Central Bank of Nigeria has said that paper currency will soon be out of circulation, urging market men and women to sign into the e-Naira. The Delta State Branch Controller of CBN, Mr Godwin Okafor, stated this on Friday at the popular Ogbogonogo market during the market sensitisation on e-Naira. He urged traders to […]

Ports and Airports

Lagos airport resumes operations after corpse’s removal

Flight operations have resumed at the Murtala Muhammed International Airport, Lagos, after the removal of a mangled body on the runway. A source, who spoke on condition of anonymity, hinted that full flight operations have resumed after the runway was cleared of the mangled corpse of a yet-to-be-identified man. The PUNCH had reported that the […]

MTN launches 5G network
News Telecommunications

MTN, Airtel payment service banks begin operations in Nigeria

MTN Nigeria’s fintech subsidiary, MoMo Payment Service Bank Limited, commenced operations on Thursday, the firm has disclosed. This comes after the company received the final approval for a Payment Service Bank (PSB) licence granted by the Central Bank of Nigeria, according to The Guardian. MTN said this follows a successful pilot initiated on May 16, […]

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