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Fitch raises transparency concerns over Nigeria’s TRS deals

  • 15th September 2026

FG allots N748.64bn at September bond auction as

  • 15th September 2026

Dangote backs daughters to take over business empire

  • 15th September 2026

UBA named approved channel for Dangote Refinery IPO

  • 15th September 2026

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Musk urges cross-testing of AI models over safety concerns

Tech

Fitch raises transparency concerns over Nigeria’s TRS deals

Business

Inflation rate eased to 15.39% in August — NBS

Economy

FG allots N748.64bn at September bond auction as demand

Business

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News

CCECC wins bid for Lagos’ Fourth Mainland Bridge construction

The Lagos State Government, through the Office of Public Private Partnerships, has announced Messrs CCECC-CRCCIG CONSORTIUM as the preferred bidder for the proposed Fourth Mainland Bridge project.   The Special Adviser to the Governor on Public Private Partnerships, Ope George, made the announcement during a briefing at the PPP office in Ikeja, on Friday, according […]

Banking

GTBank halts dollar transactions on naira Mastercards

  Guaranty Trust Bank has suspended all international transactions on its naira MasterCards. This was disclosed in a statement issued by the Bank through its social media platforms on Thursday evening. “Dear Customer, we write to inform you that you will no longer be able to use your Naira Mastercard for international online and POS […]

News Oil and Gas

FG spent N2tn on local content within 12years – Report

  The Federal Government has spent a total of N2 trillion ($4 billion) on the development of local content in the past twelve years. A document on the “Nigerian Content Intervention Fund” presented by the General Manager, Nigerian Content Development Fund & Treasury Management, an arm of the Nigerian Content and Development Monitoring Board, Obinna […]

Senate probes Niger Delta oil theft
Oil and Gas

2022: Oil theft, fuel subsidy, other Buhari regime challenges

  Oil Theft, Subsidy, Fuel Scarcity are among some of the challenges which the Federal Government tried to address in the Nigeria’s oil and gas sector in the outgoing year. However despite its efforts, little success has been recorded by the Major General Muhammadu Buhari (retd.), led administration. Despite recent improvements, Nigeria’s crude oil output […]

Lekki Port to commence commercial operation in 2023
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Lekki Port to commence commercial operation in 2023

The Chief Operating Officer of Lekki Port LFTZ Enterprise Limited, Laurence Smith, has said that the Liquid Berth Terminals have potential operators. The port will start operating commercially in the first quarter of 2023, according to Smith, who made this announcement to the media recently in Lagos during the company’s end-of-year press briefing. “Lekki Port […]

NASS inflated 2025 budget with 11,122 'ghost' projects — BudgIT
Economy

New naira: Extend deadline, Senate urges CBN

The Senate has urged the Central Bank of Nigeria to extend the deadline for withdrawal of old Naira notes from the economy, fixed for January 31, 2023, to June 30, 2023.   CBN had announced in November that the old naira notes of N1,000, N500 and N200 denominations would be withdrawn from circulation by January […]

NGF blames naira redesign, flood for agric sector's underperformance
Agribusiness featured

NGF blames naira redesign, flood for agric sector’s underperformance

The Nigeria Governors’ Forum stated that the country’s farmers experienced a major meltdown during the 2022 farming season as a result of the difficulties in the agriculture industry. It continued by saying that this year’s difficulties for farmers were made worse by the Central Bank of Nigeria’s policy to redesign the naira, excess of rain, […]

How immigration made N438b from 2017 - Report
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How immigration made N438b from 2017 – Report

The Nigeria Immigration Service has generated N438.78 billion in income from 2017 to date, according to data from The PUNCH. This occurred at a time when the agency’s total Internally Generated Revenue nearly doubled from N38.53bn in 2017 to N74.69 (budgeted IGR) in 2022. The NIS made N38.5 billion, N39 billion, and N61 billion in […]

Economy

New naira: ATMs still dispensing old notes, report reveals

  Thirteen days after the issue of the freshly redesigned N200, N500, and N1,000 notes, and with 34 days till the old notes are no longer legal cash in the country, Automated Teller Machines in Lagos are yet to begin dispensing the new notes. According to Leadership, majority of Lagos’s ATMs are still distributing old […]

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

Global economy vulnerable to recession in 2023 – World Bank

The World Bank has warned that “even a moderate hit” could tip the global economy into recession in 2023.   The global financial institution made this known it’s recently published 2022 review, saying that the global economy is in its steepest slowdown since 1970 and that “consumer confidence (is) already suffering a much sharper decline […]

Delta airline halts Lagos to New York flights
Aviation featured

Domestic flight prices rise by 97% – NBS

Current data from the National Bureau of Statistics has shown that the average price of a plane ticket in Nigeria increased from N37,022.97 in November 2021 to N73,267.57 in November 2022./lime6 This implies an increase of 97.09 percent,’ according to the Transport Fare Watch report for November 2022 from the NBS. The survey also revealed […]

Oil Theft: Nigeria loses $150m every two days
featured

Economic expert implores federal, state govt. to fight off insecurity, oil theft

Development and economics specialist, Dr. Chiwuike Uba, has encouraged the federal and state governments to work together to take decisive action against pervasive insecurity and oil theft. The Amaka Chiwuike-Uba Foundation Board Chairman, Uba stated in a statement on Tuesday that the two key issues had completely disrupted the nation’s financial flow and earnings for […]

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