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TotalEnergies Q1 pre-tax profit jumps 70% to ₦1.9bn

  • 2nd May 2026

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Abia to launch electric transport system July — Otti

Abia to clear 20-year gratuity backlog with N10bn

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Apple warns of worsening memory shortage

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Reps pass tax crimes commission bill for second reading
Energy

Reps reject dirty fuel probe report, panel exonerates NNPC

The House of Representatives, on Wednesday, dismissed the report of its Committee on Petroleum Resources (Downstream) which investigated the importation of adulterated Premium Motor Spirit (petrol) into Nigeria, leading to disruption of the supply chain in the country. In the report, the committee failed to hold anybody responsible for the development or recommend sanctions. The […]

News

Capital importation rises by 26%, hits $2.19bn in Q4

The value of capital importation into Nigeria increased by 26.35 per cent to hit $2.19 billion in the fourth quarter of 2021 according to new data from the National Bureau of Statistics. In its ‘Nigerian Capital Importation’ report, the NBS disclosed that capital importation increased from $1.73 billion in the third quarter of 2021 to […]

Economy

Govt borrowings not necessarily bad -DMO

The Director-General of the Debt Management Office, Patience Oniha, has said borrowings by countries to finance budget deficits and critical infrastructure is not necessarily a bad idea. The DG disclosed this in an interview with the News Agency of Nigeria on Thursday in Lagos, while speaking during an awareness programme on security issuance organised by […]

News

Senate confirms seven MPC members’ appointments

The Senate, on Wednesday, confirmed the nominations of seven members of the Monetary Policy Committee of the Central Bank of Nigeria. The confirmation of the nominees followed the consideration and adoption of the report by the Senate Committee on Banking, Insurance, and Other Financial Institutions on the nominees. The Chairman of the committee, Senator Uba […]

Microsoft integrates Python in Excel
News

Microsoft spends $200m in four years on ADC initiative

Microsoft says it has spent $200m since the introduction of its African Development Centre in 2019. Te ADC West Africa Managing Director, Gafar Lawal, disclosed this during the launch of the ADC’s office on Monday. He said the ADC had since grown from 10 employees in 2019 to about 200 in 2022. Lawal said, “The […]

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

Massive job cut looms as dollar hits N590

The lingering foreign exchange scarcity in the country has continued to worsen even as the exchange rate on the parallel market is inching towards N590/$1, our correspondent has learnt. The development may lead to massive job loss in the manufacturing industry, among other sectors, according to the Manufacturers Association of Nigeria. The development comes over […]

Ports and Airports

Delta to commence flight operations to new routes

DELTA Airlines has said it will soon commence flight operations to new routes as part of efforts to provide improved services to its customers. A statement by the airline said through Delta’s partnerships with Air France, KLM and Virgin Atlantic, customers could access nearly 200 more destinations throughout Europe, Africa, the Middle East and India […]

Reps pass tax crimes commission bill for second reading
Policy and Regulations

Enforce use of coins, Reps urge CBN

The House of Representatives has urged the Central Bank of Nigeria to “reinforce the use of coins as a legal tender and ensure that banks comply with the use of coins to the fullest.” Members of the House had at the plenary on Tuesday unanimously adopted the motion moved by a member, Muda Umar, titled ‘Call […]

Nigeria, Morocco commence 5,600km gas pipeline project
Energy

Reps give NNPC two-week ultimatum to defend N3tn debt

The House of Representatives’ Ad Hoc Committee on Recovery of Outstanding Debts Owed By Oil and Gas Companies has given the Nigerian National Petroleum Corporation, now Nigerian National Petroleum Company Limited, two weeks to defend its indebtedness to the Federal Government to the tune of N3tn. The committee, which approved the NNPC’s request for an […]

Appointments

6.4 million applied for N-Power Batch-C programme –FG

The Federal Government received a total of 6.4 million applications for its N-Power Batch-C youth empowerment scheme, the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, announced on Tuesday. N-Power is a scheme set up by the Federal Government in June 2016 to address the issues of youth unemployment and help increase […]

Flights to South-South most expensive - NBS
Ports and Airports

Buhari inaugurates Lagos intl airport terminal today

The President, Major General Muhammadu Buhari (retd.), on Tuesday, inaugurated the newly built international terminal of the Murtala Muhammed Airport, Lagos. Today’s inauguration is coming after several dates had been set by the Federal Government for the terminal’s completion and inauguration since 2015. The new international terminal is one of the five terminals being built […]

Economy

Lagos, Ogun, Rivers lead as states’ debts hit N6.43tn in 2021

The domestic debts owed by state governments and the Federal Capital Territory Administration rose to N6.43tn at the end of 2021. While sub-national domestic debt stock was N4.46tn, the sub-national external debt stock was N1.97tn in 2021. Lagos, Ogun and Rivers became the three most indebted states, according to the latest data from the Debt […]

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