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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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Nigerians may face rice, tomato scarcity within three months

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Pharmaceutical firms’ finance costs jump 46.5% amid high interest

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FAAN launches probe into viral Delta airport security altercation

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NDLEA nabs Lagos businessman over 3.30kg cocaine export bid

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Policy and Regulations

FG approves new scheme of service for NiMet staff

The Federal Government has approved the reviewed Scheme of Service for the Nigerian Meteorological Agency. The approval is aimed at strengthening the agency’s career structure, improving staff welfare and enhancing its capacity to deliver on its meteorological mandate. Vanguard reported that the approval was conveyed to the Director-General of NiMet, Prof. Charles Anosike, in a […]

Banking featured

Banks cut lending to oil, gas, ICT by ₦5.45trn

Deposit Money Banks slashed lending to oil and gas, information and communication technology and six other key sectors of the economy by N5.45 trillion or 14.8 per cent, year-on-year in 2025. This reflects the impact of the Central Bank of Nigeria’s withdrawal of regulatory forbearance and banks’ loan portfolio clean-up. Regulatory forbearance is a central […]

Business

Oil prices jump as US-Iran strikes fuel Strait of Hormuz fears

Oil prices climbed on Sunday night after renewed military exchanges between the United States and Iran heightened concerns over the security of the Strait of Hormuz, a vital shipping lane for global energy supplies. U.S. West Texas Intermediate crude futures gained 4.1 per cent to $74.33 per barrel by 9:15 p.m. ET, while Brent crude, […]

Business

Hyundai workers begin strike after wage talks collapse

Hyundai Motor’s labour union has launched a three-day partial strike after wage negotiations with management reached an impasse. Employees at South Korea’s largest automaker will stage four-hour daily walkouts from July 13 to July 15, demanding higher wages, increased bonuses and an extension of the retirement age. The industrial action also reflects growing concerns over […]

Business

Nigeria crude output hits six-year high, beats OPEC quota

Nigeria’s crude oil production has reached its highest level in more than six years, with the country surpassing its Organisation of the Petroleum Exporting Countries production quota for the fourth straight month, supported by improved operational stability and a decline in disruptions to oil infrastructure. According to figures released on Sunday in Abuja by the […]

Business

PenCom orders cybersecurity overhaul for Nigeria’s pension industry

The National Pension Commission has introduced a major regulatory overhaul designed to strengthen cybersecurity and safeguard digital records across Nigeria’s multi-trillion-naira pension industry. Under the new directive, all licensed Pension Fund Administrators and Pension Fund Custodians will be required to deploy advanced cryptographic security measures to protect sensitive data from both internal and external cyber […]

News

Group kicks against new ₦50,000 WAEC, NECO fee

The Campaign for Equal Rights and Opportunities for All Nigerians has condemned the Federal Government’s approval of an increase in the registration fees for the West African Examinations Council and the National Examinations Council. The group described the decision as insensitive to the prevailing economic hardship. The group said millions of Nigerian families were already […]

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NAPTAN kicks against proposed hike in WAEC, NECO fees

The National Parent Teacher Association of Nigeria has described the proposed increase in registration fees for the Senior Secondary School Certificate Examination conducted by the West African Examinations Council and the National Examinations Council as excessive. Speaking with Vanguard, Chairman of NAPTAN’s Board of Trustees, Chief Deolu Ogunbanjo, said the increase was too steep, considering […]

Finance

Budget: Tinubu need not appear before Reps, says deputy spokesperson

The Deputy Spokesperson of the House of Representatives, Philip Agbese, has said President Bola Tinubu does not need to appear before the House to address concerns over the implementation of the 2025 Appropriation Act. He insisted that the constitutional responsibility for explaining budget execution rests with ministers and other relevant government officials. Agbese stated this […]

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NDLEA nabs South African woman over heroin smuggling attempt

A 38-year-old South African woman, Will Ann, has been arrested by the National Drug Law Enforcement Agency at the Nnamdi Azikiwe International Airport, Abuja, for allegedly attempting to smuggle 5.75 kilograms of heroin into Nigeria while travelling with her three-year-old son. The agency said Ann was arrested on Monday, July 6,2026, during the inward clearance […]

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Lagos partners Chinese firm for lagoon water pipeline to Lekki

The Lagos State Government is planning to install a water transmission pipeline beneath the Lagos Lagoon into the Lekki Concession Area. The initiative is part of efforts to improve potable water supply in the fast-growing corridor. The disclosure was made by the Lagos State Commissioner for the Environment and Water Resources, Tokunbo Wahab. This followed […]

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