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Nigeria secures $155m clean energy investments

  • 26th July 2026

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Ghana to evacuate 1,000 more workers from South Africa

Transportation

Nigerians may face rice, tomato scarcity within three months

Food

Pharmaceutical firms’ finance costs jump 46.5% amid high interest

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Ports and Airports

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Tweeps knock FG as fuel scarcity leaves commuters stranded
Oil and Gas

Abuja queues: Buhari increases freight rate for fuel transporters

In a bid to clear the persistent fuel queues by motorists in parts of the country, the President, Major General Muhammadu Buhari (retd.), has approved an increase in the freight rate being paid to transporters of petroleum products. Oil marketers had repeatedly complained that the lingering fuel queues in Abuja and neighbouring Nasarawa and Niger […]

Aviation

FG plans 17 airports’ concession, to unbundle aviation rules

At least 17 airports under the management of the Federal Airports Authority of Nigeria that are currently not up for concession are going to be given to concessionaires, the Federal Government announced on Thursday. According to The PUNCH, the country’s civil aviation regulations were currently being reviewed for unbundling in order to make the entry […]

Why Nigeria must save oil revenues - IMF
Economy

High inflation, fiscal deficit to persist in Nigeria -IMF

The International Monetary Fund has said that the rate of inflation in Nigeria is expected to remain elevated in 2022. According to the lender, the fiscal deficit of the consolidated government is expected to remain high at 6.1 per cent of the nation’s Gross Domestic Product majorly due to costly petrol subsidies and limited tax […]

Economy

High taxes weaken consumer spending, experts tell FG

Economists have warned that high tax burden on Nigerians will shrink consumer wallets and exacerbate an already high cost of living for Nigerians. The warning follows recent rate hikes in the services industry attributed to high tax imposition by governments at various levels. On March 22, Pay TV company, Multichoice, announced new rates for its […]

FG owes road contractors over N11tn – Fashola
News

Integrated transport system vital to job creation, says Fashola

The Minister of Works and Housing, Mr. Babatunde Fashola, has said the integrated transport system is a means of economic investment through the provision of jobs and career opportunities for citizens. Fashola, who was represented by his media aide, Mr. Hakeem Bello, disclosed this on Thursday, during a colloquium to commemorate the 10th anniversary of […]

WTO members rally behind Okonjo-Iweala for second term
News

WTO strikes landmark deal on food security

The World Trade Organization concluded hard-won deals Friday on fishing subsidies, food insecurity and Covid-19 vaccines in a landmark bundle of agreements secured through hectic round-the-clock talks. WTO director-general Ngozi Okonjo-Iweala said the trade ministers’ conference had struck an “unprecedented package of deliverables” which would make a difference to people’s lives across the planet. The […]

Aviation

Probe begins as Overland aircraft’s engine catches fire midair

The Accident Investigation Bureau has begun an investigation into the emergency landing of a Lagos-bound Overland Airways aircraft which developed a technical fault midair on Wednesday. The distressed aircraft with 37 souls on board had sent out Mayday when its engine caught fire in the air. The flight was coming from Ilorin, the Kwara State […]

Oil and Gas

FG studying UK ruling over oil fraud – Minister

The Minister of Information and Culture, Lai Mohammed, said on Wednesday that the Federal Government lawyers are still studying the judgment of a United Kingdom Commercial Court that ruled out fraud in the Oil Processing Licence 245 transaction between Nigeria and JP Morgan Chase Bank. According to The PUNCH, he disclosed this while answering questions […]

Why Nigeria must save oil revenues - IMF
Economy

Nigeria’s worsening insecurity worries IMF

The International Monetary Fund has expressed concern over the heightened level of insecurity in Nigeria, adding that it is one the factors causing subdued Gross Domestic Product figures in the country. It also listed other downside risks in the near term including the elections, low vaccination against Covid-19 and higher global interest rates, according to […]

Aviation

Passengers panic as Overland aircraft’s engine catches fire midair

A four-member flight crew of Overland Airways made a successful landing of a distressed aircraft on the Runway 18R of the Murtala Muhammed International Airport, Lagos, on Wednesday evening, after the plane’s engine caught fire mid-air. The ATR 42 aircraft, which has 37 passengers on board, was en-route Ilorin-Lagos when the plane suddenly developed a […]

Crypto

Crypto, NFTs based on greater fool theory, says Bill Gates

Co-founder of Microsoft, Bill Gates said investing in cryptocurrencies like nonfungible tokens is based on the greater fool theory. Speaking at a TechCrunch talk on climate change Tuesday, the billionaire expressed doubt about the expensive digital images of monkeys, which are projected to improve the world. Meanwhile, Gates took a defensive position, backing digital banking by supporting […]

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