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AfDB approves $61m facility to support women-led MSMEs

  • 9th May 2026
Toyota suffers sixth straight monthly production decline

Toyota warns of £3bn loss as Iran war

  • 9th May 2026
Dangote cement hits historic N10trn market capitalization

Dangote Cement plans 10% share sale in London

  • 8th May 2026

C&I Leasing posts ₦532.84m pre-tax profit in Q1

  • 8th May 2026

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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 […]

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

Subsidy: FAAC meets as NNPC deductions threaten states’ allocations

The planned deduction of N242.53bn fuel subsidy from the Federation Account this month by the Nigerian National Petroleum Company Limited is raising uncertainty among states as the Federation Accounts Allocation Committee is scheduled to meet on Tuesday (today). It was gathered that commissioners for finance from the 36 states would meet today for the usual […]

Why oil theft estimates are unrealistic- Navy
Energy

Brent rises to $115 as EU considers Russia oil ban

Brent crude, the global oil benchmark, appreciated in price on Monday, moving up by 7.3 per cent or $7.88 to $115/barrel at 7.54pm Nigerian time as European Union nations considered joining the United States in a Russian oil embargo. Industry figures showed that the commodity has been gaining in price since about a week, as […]

News

FG will gain excess foreign earnings from Dangote fertilizer plant – Buhari

The President, Major General Muhammadu Buhari (retd.), on Tuesday, hailed Africa’s richest man and Nigeria’s pride, Aliko Dangote, describing him as the biggest employer of labour after the Federal Government. Buhari stated this during his speech when he inaugurated the multi-billion dollar Dangote Fertiliser Plant, located at the Ibeju Lekki area of Lagos State. He […]

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Economy

Nigeria loses N150bn to fake battery products, says expert

The Chief Executive Officer, Emilinks Nigeria Limited, Mr Solomon Nwadiogbu, has said Nigeria loses about N150bn every year to fake battery products. Nwadiogbu disclosed this during a press briefing. He added that fake battery products often cause damage to cars in the nation. According to him, Nigeria needs approximately five million batteries annually with an […]

News

Gencos counters NBET over purchase agreements, list N1.64tn debts

Power generation companies on Sunday said the Nigerian market was under threat based on the recent claims by the Nigerian Bulk Electricity Trading Company Plc that only five Gencos had active Power Purchase Agreements in Nigeria. Speaking under the aegis of the Association of Power Generation Companies, the Gencos faulted the claims by NBET, as […]

News

Reps write Kyari, summon 17 NNPC subsidiaries over audit queries

THE House of Representatives’ Committee on Public Accounts has written to the Group Managing Director of the defunct Nigerian National Petroleum Corporation, now Nigerian National Petroleum Company Limited, Mr Mele Kyari, over audit queries issued against the NNPC and its subsidiaries. The committee, which had accused the NNPC of shielding its 17 subsidiaries in the […]

Economy

FG incurs N950bn new domestic borrowing in Q1 2022 – DMO

THE Federal Government has incurred N950bn new domestic borrowing between January 2022 and March 11, 2022, the Debt Management Office has revealed. The fresh borrowing was disclosed on March 17 in the presentation of the Public Debt Data as of December 31, 2021, by the Director-General of the DMO, Patience Oniha. In the document, Oniha […]

Nigerians bought petrol N191.65 per litre September- NBS
Energy

Queues persist in northern states despite 1.8bn litres fuel supply

The queues by motorists for Premium Motor Spirit, popularly called petrol, particularly in Abuja and northern states have refused to clear despite the supply of about 1.824 billion litres of PMS by the Nigerian National Petroleum Company Limited. Also, the NNPC on Sunday denied claims that it had reviewed the ex-coastal, ex-depot and the NNPC […]

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

Extortion: FAAN bans two immigration officers from airports

The Federal Airports Authority of Nigeria has expelled two officers of the Nigerian Immigration Service from working in any airport in Nigeria due to their involvement in the extortion of N8,000 from a passenger. FAAN said on Friday that the On Duty Cards of the officers were permanently withdrawn after it was confirmed that they […]

Policy and Regulations

Take advantage of import duty waivers, FG tells manufacturers

The Minister of Industry, Trade and Investment, Mr. Adeniyi Adebayo, has urged manufacturers to take advantage of import duty waivers through the Import Duty Exemption Certification. Adebayo, who was represented by the Deputy Director of Industrial Development at the ministry, Mr. Mohammed Bala, said this during a national symposium organised by the INGO Third Sector […]

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