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Nigeria secures $155m clean energy investments

  • 26th July 2026

NGX sheds 0.19% as Presco, banks drag index

  • 25th July 2026

NPF Microfinance Bank grows profit before tax by

  • 25th July 2026

US imposes new tariffs on UK, Canada, others

  • 24th July 2026

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Global FDI hits $1.6trn in 2025 as Nigeria’s inflow

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Etihad Airways to resume flight operations in Nigeria

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Nigeria secures $155m clean energy investments

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Finance

Gov Eno approves ₦1.3bn bursary for Akwa Ibom students

Akwa Ibom State Governor, Umo Eno, has approved the release of N1.3 billion for the payment of bursaries to eligible students across the state. The governor also approved an increase in the bursary award from N20,000 to N50,000 per beneficiary. This was disclosed in a statement issued on Tuesday by the state’s Commissioner for Information, […]

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DisCos reject NERC CapEx account directive, warn of investment risks

Electricity distribution companies have opposed a new directive by the Nigerian Electricity Regulatory Commission requiring them to create dedicated capital expenditure provision accounts, describing the measure as an unprecedented interference in the management of privately owned utilities. The DisCos warned that the directive could undermine private investment in Nigeria’s power sector by giving regulators greater […]

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Why interns’ allowances are delayed, defence ministry reveals

The Ministry of Defence has dismissed reports alleging that House Officers and Interns at the Armed Forces Reference Hospitals have not been paid their allowances, describing the claims as inaccurate. It confirmed that payment of outstanding arrears has already commenced, adding that the delay in payment was caused by the absence of budgetary allocation for […]

Finance

Naira depreciates to ₦1,420/$ at parallel FX market

The Naira depreciated to N1,420 per United States dollar in the parallel market on Monday, from N1,406 per dollar recorded last weekend. The naira, however, appreciated to N1,380.5 per dollar in the Nigerian Foreign Exchange Market. Data from the Central Bank of Nigeria showed that the indicative exchange rate for the naira fell to N1,380.5 […]

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Dangote Refinery dumps naira, fixes petrol price at $0.779/litre

Dangote Petroleum Refinery has fixed the ex-depot price of Premium Motor Spirit, petrol, at $0.779 per litre, unveiling a new pricing template that also raised the benchmark prices for diesel and aviation fuel following its transition to dollar-denominated transactions. This marks an end to naira payments for the purchase of refined products, which started after […]

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Customs duty waivers hit ₦34tn in 2025, says comptroller-general Adeniyi

The Comptroller-General of the Nigeria Customs Service, Bashir Adeniyi, on Monday disclosed that the value of Import Duty Exemption Certificate approvals granted by the Federal Government on selected imported goods and equipment rose to N34tn in 2025, warning that such fiscal incentives have significantly reduced the service’s revenue-generating capacity. Adeniyi made the disclosure during an […]

Aviation

NAMA, NCAA clash over ticket sales charge sharing formula

The Nigeria Airspace Management Agency and the Nigeria Civil Aviation Authority are locked in a quiet dispute over the sharing formula for the five per cent Ticket Sales Charge, sparking broader concerns about the future of Nigeria’s aviation industry. A proposal before the National Assembly to increase the NAMA’s share of the statutory five per […]

Business

UN agency rejects transit fees in Strait of Hormuz

The International Maritime Organization, a United Nations agency, said on Monday it opposes the imposition of transit fees in the Strait of Hormuz after President Donald Trump called for ships to pay protection fees. “We have always been consistent on our stance on fees – IMO stands firmly against charging fees for passage through straits […]

Energy

Over 8 million barrels of oil crossed Hormuz on Sunday – US

More than 8 million barrels of oil passed through the Strait of Hormuz on Sunday under the protection of United States military forces as renewed fighting with Iran intensified. This was disclosed in a statement by the U.S. Energy Department on Monday, according CNBC. “The U.S. military will ensure oil flows continue, with or without […]

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US will take over Strait of Hormuz, charge guardian fees – Trump

United States President Donald Trump said Monday that the US would be paid for guarding the Strait of Hormuz after declaring that it would be “taking over” the strategic waterway. “We’ll become the guardian of the Strait,” Trump told “Fox and Friends.” He added that the US had been guarding it for “nothing” but now […]

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