Business

NAICOM revokes Nigeria Reinsurance licence over capital requirement

  • 6th August 2026

MEMAN backs cassava ethanol blending to cut petrol

  • 6th August 2026

Fake agency DG opposes closed-door house questioning, seeks

  • 6th August 2026

Osun to sue EFFC over frozen account

  • 5th August 2026

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Ex-finance minister Kemi Adeosun loses husband at 62

featured News

Naira stable at ₦1,362/$ in official FX market

Finance

NAICOM revokes Nigeria Reinsurance licence over capital requirement breach

Business

REA hits 60.82MW milestone with new Yobe solar projects

Electricity featured

Blog

Pound falls more than 1% after BoE move
Finance

Naira holds steady against dollar, pound

The Naira maintained a steady position against the United States Dollar in the early hours of Monday, January 19, 2026, as the market opened for the new week. This stability follows a period of consolidation in the foreign exchange market, supported by improved external reserves and recent monetary policy adjustments. At the Nigerian Foreign Exchange […]

Crude oil
Oil and Gas

Nigeria oil output falls 8.3% to 1.544m bpd

The Nigerian Upstream Petroleum Regulatory Commission, the oil and gas industry regulator, said Nigeria’s oil output, including condensate, dropped by 8.3 percent year-on-year to 1.544 million bpd in December 2025 from 1.684 million recorded in the corresponding period of 2024. The Commission did not provide reasons in its report released yesterday, but there were indications […]

Over 160,000 benefited from Tinubu's transport subsidy - Alake
News

FG denies owning gold refinery in Lagos

The Federal Ministry of Solid Minerals Development has dismissed claims by the Northern Elders Forum that the Federal Government sited a gold refinery in Lagos in violation of the federal character principle. It said the allegations contained in a statement signed by the Northern Elders Forum spokesperson, Prof. Abubakar Jiddere, were not true and misleading. […]

Finance

Budget office debunks N246bn NEDC salaries claim

The Budget Office of the Federation has dismissed claims that the North East Development Commission runs a N246.77 billion salaries budget. It described the narrative as false and misleading. The Budget Office stated that the N246.77 billion assigned to the NEDC is a consolidated statutory provision shown at an overall level under the Medium-Term Expenditure […]

featured Opinion

How Onitsha-based trader fueled US airstrikes in Nigeria — Report

The United States conducted airstrikes in Nigeria, relying on intelligence influenced by reports from Emeka Umeagbalasi, a screwdriver trader and small NGO operator based in Onitsha, Anambra State, according to a New York Times investigation. The investigation identifies Emeka Umeagbalasi as a key source whose unverified claims about Christian genocide in Nigeria were referenced by […]

EU rules out fee for tech giants under digital markets act
Business

EU considers €93 retaliatory tariffs against US over Greenland dispute

The European Union is reportedly weighing tariffs totaling 93 billion euros (approximately $107.68 billion) or measures to limit American companies’ access to its market, in retaliation to United States President Donald Trump’s tariff threats over Greenland. Officials involved in the preparations said that the EU is drafting retaliatory measures to strengthen its negotiating position ahead […]

Transportation

Deadly train crash in Southern Spain kills at least 21

At least 21 people have died and dozens more were injured in a train collision in southern Spain, with authorities warning the death toll could rise in the country’s deadliest rail accident in over a decade. A Madrid-bound train derailed and crossed onto the opposite track, colliding with an oncoming train in Adamuz, near Córdoba. […]

has presented its 2024 Regulatory Impact Assessment, a comprehensive review aimed at overhauling existing telecom regulations
Business

NCC pushes satellite D2D connectivity to close coverage gaps

The Nigerian Communications Commission is advocating for the adoption of Satellite Direct-to-Device connectivity to address persistent coverage gaps affecting an estimated 23.3 million Nigerians who remain underserved by mobile networks. In a consultation paper published on its website, the regulator highlighted the key reasons for embracing satellite-enabled direct mobile connectivity. The paper indicates that the […]

Business

FG, Abu Dhabi sign MoU on ports, maritime collaboration

The Federal Ministry of Marine and Blue Economy has entered into a landmark Memorandum of Understanding with Abu Dhabi Ports Group to pursue strategic cooperation in ports development, maritime logistics, and digital solutions. The Deputy Director and Head of Public Relations at the Nigerian Maritime Administration and Safety Agency, Osagie Edward disclosed this in a […]

Conferences featured

Shettima leads Nigeria’s delegation at 2026 world economic forum

Vice President Kashim Shettima has arrived in Davos, Switzerland. He is leading Nigeria’s delegation at the 56th Annual Meeting of the World Economic Forum. The forum brings together global political and business leaders. It will hold from January 19 to 23, 2026. Shettima arrived from Conakry, Guinea. There, he represented President Bola Tinubu at the […]

Trump Media to raise $2.5bn for bitcoin investment
Economy featured

European leaders unite against Trump’s Greenland tariff threat

European leaders on Sunday strongly criticised United States President Donald Trump’s threat to impose tariffs on several countries because of their opposition to his desire to acquire Greenland. Several European nations, including Denmark which holds sovereignty over Greenland as an autonomous territory, declared that they “stand united” against Trump’s demand. “Tariff threats undermine transatlantic relations […]

Electricity

AEDC adopts holding company structure to strengthen operations

Abuja Electricity Distribution Plc has announced its transformation into a Holding Company, a strategic move designed to boost its effectiveness in Nigeria’s evolving electricity market and the newly decentralised regulatory framework. In a statement on Sunday, the company said the restructuring follows the Electricity Act of 2023, which grants state governments the authority to establish […]

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