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NAFDAC busts fake alcohol factories in Lagos, seizes ₦350m products

The National Agency for Food and Drug Administration and Control has uncovered and dismantled two illegal production outlets involved in the counterfeiting and adulteration of alcoholic beverages in Lagos State. This was disclosed in a statement shared by the agency on Wednesday following enforcement operations across key commercial hubs in the state. The raid led […]

News

Tinubu approves ₦17bn fund for projects in 8,804 wards nationwide

President Bola Ahmed Tinubu has approved a N17 billion community-led development fund to drive grassroots interventions across Nigeria’s 8,804 wards. This was disclosed in a statement issued by the Assistant Director, Information and Public Relations, Ado Bako, on behalf of the Federal Ministry of Health and Social Welfare. The President also approved the upgrade of […]

Aviation

Jet fuel: FG plans tax relief to avert airlines shutdown

The Federal Government is considering debt waivers and tax relief measures to prevent a shutdown of domestic airline operations in Nigeria following a sharp rise in Jet A1 aviation fuel prices. The move comes amid rising concerns over the sustainability of local airline operations, as fuel prices have surged in recent weeks. The Minister of […]

Aviation

FG to waive airlines’ debts over Jet A1 fuel crisis

The Federal Government has announced plans to waive debts owed by domestic airlines to aviation agencies as part of efforts to cushion the impact of the ongoing Jet A1 fuel crisis. The Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed this during a high-level meeting in Abuja on Wednesday convened to address the sharp […]

Opinion

ILO links 840,000 annual deaths to workplace stress risks

No fewer than 840,000 people die each year from health conditions linked to workplace risks, according to a new report by the International Labour Organization. The report highlights growing concerns around the impact of modern work conditions on both physical and mental health. It identified key risk factors, including long working hours, job insecurity, workplace […]

Business

Nigeria loses ₦428bn annually to illicit spirits, wines trade — SWAN

Nigeria is losing an estimated ₦428 billion annually to illicit trade in spirits and wines, according to the Director-General of the Spirits and Wines Association of Nigeria, Tony Okwoju. Speaking at a one-day stakeholders’ workshop on combating illicit trade in the sector in Abuja, Okwoju, said the problem remains widespread, according the News Agency of […]

FAAC funds to FG, states hit 7-year high in 2023
featured Finance

FAAC shares ₦2.04tn March revenue across FG, states, LGs

The Federation Account Allocation Committee shared a total of N2.04tn as revenue for March 2026, reflecting a N150bn increase from the N1.89tn distributed in February, amid stronger statutory inflows. The disclosure was contained in a statement issued on Wednesday by the Office of the Accountant-General of the Federation and signed by its Director of Press […]

Finance

FG targets ₦700bn in April domestic bond auction

The Federal Government plans to raise N700bn from the domestic bond market in April 2026, extending a gradual reduction in offer size as it continues to navigate elevated borrowing costs. Details from the April 2026 Federal Government of Nigeria Bond Offer Circular issued by the Debt Management Office showed that the auction is scheduled for […]

News

Iran refuses to reopen Strait of Hormuz amid US naval blockade

Iran has officially vowed not to reopen the Strait of Hormuz for as long as a United States naval blockade remains active. This defiance persisted into Thursday despite an extension of the ceasefire, with the Gulf nation announcing it had seized two ships attempting to navigate the strategic waterway. United States Central Command reported late […]

Economy

ILO director warns of global labour crisis amid persistent economic shocks

The Director-General of the International Labour Organization, Gilbert Houngbo, has raised the alarm over imminent labour crisis following unabating global shocks. He said though the global labour markets appear broadly stable, with unemployment steady and growth continuing into early 2026, structural weaknesses-including widespread informality and extreme poverty-are putting millions of workers at risk. AFP reported […]