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Nigeria secures $155m clean energy investments

  • 26th July 2026

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US imposes new tariffs on UK, Canada, others

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Nigerians may face rice, tomato scarcity within three months

Food

Pharmaceutical firms’ finance costs jump 46.5% amid high interest

Helth

FAAN launches probe into viral Delta airport security altercation

Ports and Airports

NDLEA nabs Lagos businessman over 3.30kg cocaine export bid

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Interview

2023: Candidates must show tax compliance proof, says CITN

In this interview with, the President and Chairman in Council, Chartered Institute of Taxation of Nigeria, Mr Adesina Adedayo, speaks on tax issues in the country Tax compliance is still low in the country. What is responsible for this? The issue of tax compliance and enforcement, as I keep saying over the years, has to […]

Energy

Manufacturers spend N425bn on alternative power

Manufacturers spent N425 billion on alternative energy sources such as gas, low-pour fuel oil, diesel, and petrol between 2017 and 2021, according to The PUNCH’s computation of energy expenditure of members of the Manufacturers Association of Nigeria, MAN, within the period. This does not include manufacturers’ expenditure on power coming from electricity distribution companies, popularly […]

Power generation dropped 43mw after worker's strike - FG
Energy

Gencos, Discos, others’ revenue shortfall hits N1.6tn

Total shortfall in the Nigerian power sector has reached N1.6trn in eight years, findings have shown. The Executive Director, Research and Advocacy, Association of Nigerian Electricity Distributors, Sunday Oduntan, revealed this during a chat on Monday. According to him, the shortfall was recorded in the fourth quarter of last year. “As at the last quarter […]

Customs seize 80,000-litre tankers with adulterated diesel
News

Customs, firm seal $3.2bn digitisation deal

The Nigeria Customs Service and a consortium, Trade Modernisation Project Limited, on Monday, signed a concession agreement worth $3.2bn to digitalise operations of the border security and revenue collection outfit. This is just as the Federal Government expects to generate over $176bn from the deal. At the agreement signing ceremony held at the Abuja national […]

Trapped forex: Expert pushes for ticket purchase in dollars
Aviation

Airfares rise by 52% over forex, jet-A1 crisis

The average airfare paid by passengers on specified routes for a single journey has increased by 52 per cent in the past 12 months, the National Bureau of Statistics data have shown. In a new report titled, ‘Transport Fare Watch (April 2022),’ the NBS said airfares recorded a 19 per cent increase when gauged on […]

Naira fall'll worsen Nigeria’s food, energy crisis — W’Bank
Economy

Commodity price surge to become global problem – World Bank

The World Bank on Monday said that recent commodity price shocks, particularly in food and energy, are likely to be felt by people around the world. This was disclosed in the international financial institution’s Commodity Markets Outlook cited by AMBusiness. According to World Bank’s Senior Economist, Peter Nagle, Ukraine and Russia are both large exporters […]

News

Nigeria eligible for preferential access to US market – Ambassador

The United States of America Ambassador to Nigeria, Mary Beth Leonard, at the weekend, disclosed that Nigeria would continue to be eligible for preferential trade access to the US market under the African Growth and Opportunity Act. A statement by the Ministry of Industry, Trade and Investment said that Leonard, on a visit to the […]

Ports and Airports

NPA has no right to concession barging – Operators

The Barge Operators Association of Nigeria has said that the Nigerian Ports Authority, NPA, does not have the right to concession barging because they are owned by individuals and not the agency. The National President of BOAN, Bunmi Olumekun, said this in a telephone conversation with our correspondent in Lagos on Sunday. He noted that […]

Energy

Cabals benefit from petrol imports, frustrate local refineries –IPMAN

The massive imports of Premium Motor Spirit, popularly called petrol, using the United States dollar, will continue to put pressure on the naira and cause a further devaluation of the local currency, the National Public Relations Officer, Independent Petroleum Marketers Association of Nigeria, Chief Ukadike Chinedu, explains in this interview  The amount spent as subsidy […]

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

Banks tighten access to forex as reserves hit seven-month low

The country’s external reserves hit a seven-month low after falling to $38.57bn as of May 25, 2022, figures obtained from the Central Bank of Nigeria have revealed. Findings have shown that the continuous decline in the country’s external reserves used to defend the naira value is making the banks tighten access to foreign exchange to […]

News

New law’ll curb money laundering in real estate –SAN

The International Real Estate Federation, FIABCI-Nigeria, has expressed optimism that the recently passed Money Laundering Act will curb the rate at which funds are siphoned through the real estate sector. The group stated this during its just-concluded networking meeting held in Lagos on Thursday. In his speech, keynote speaker, Kayode Adeluola, SAN, said the real […]

News

Lagos to inaugurate Imota rice mill in 10 weeks

The Lagos State Government has assured that the 32-metric tons per hour Rice Mill in Imota, Ikorodu division, will be ready for inauguration in 10 weeks. Ms Abisola Olusanya, the state Commissioner for Agriculture gave the assurance in an interview with the News Agency of Nigeria on Sunday in Lagos. According to her, the contractors […]

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