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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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Moove raises $250m to scale autonomous vehicle business

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Meta AI model breaches external system during security test

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BREAKING: Tinubu orders EFCC to unfreeze Osun govt accounts

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Ex-finance minister Kemi Adeosun loses husband at 62

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Business

MyInvestar records 821% inflow growth amid economic headwinds

First Ally Asset Management recorded an exceptional performance year for its digital investment platform, MyInvestar, as Nigeria’s financial markets contended with a high-interest-rate environment and major macroeconomic adjustments in 2025. In a performance update shared with stakeholders, the firm disclosed that net inflows on the MyInvestar platform surged by 821.5 per cent, climbing to ₦2.69 […]

New SEC regulation to enhance transparency in bank recapitalization
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SEC raises minimum capital requirements for market operators

The Securities and Exchange Commission has reviewed and revised the minimum capital requirements applicable to all categories of regulated capital market entities for the first time in 10 years. According to the Commission, the review of the minimum capital thresholds is driven by the need to strengthen market resilience, enhance investor protection, align capital adequacy […]

featured Food

Yobe, Ogun lead states with rising food inflation

Food inflation remained uneven across Nigeria’s 36 states and the Federal Capital Territory in December 2025, with Yobe State recording the highest year-on-year increase. According to the National Bureau of Statistics, Yobe, described as the pride of the Sahel, posted a food inflation rate of 15.2 per cent year-on-year. Ogun State followed closely with a […]

Business

Eterna Plc announces N10bn rights issue for expansion

Eterna Plc, a major player in Nigeria’s energy sector, has announced plans to raise N10 billion through a rights issue involving the offer of 978,108,485 new ordinary shares priced at N22.00 per share. The rights issue is structured on the basis of three new shares for every four shares held by shareholders whose names appeared […]

Opinion

Obi slams ‘$9m’ foreign lobbying spend, cites misplaced priorities

Former Labour Party presidential candidate, Peter Obi, has criticised the Federal Government over reports that it spent $9 million on foreign lobbyists, describing the move as a clear indication of Nigeria’s misplaced priorities amid worsening development outcomes. Obi made his position known in a statement shared on his X account, formerly Twitter, on Friday, where […]

Economy featured

2027 elections pose big threats to Nigeria’s economic reforms – NESG

The Nigerian Economic Summit Group has warned that the 2027 general elections could pose the most serious threat yet to Nigeria’s ongoing economic reforms, cautioning that reform fatigue and policy reversals often emerge as political cycles draw closer. The warning was issued during the presentation of the NESG 2026 Macroeconomic Outlook, where the group highlighted […]

Economy

Nigeria’s growth fragile without pro-poor policies — World Bank

The World Bank has cautioned that Nigeria’s economic growth, despite showing early signs of recovery, remains fragile and may fail to improve living standards for millions of citizens without deliberate and targeted policies to reduce poverty. The warning was issued by Dr Samer Matta, the World Bank’s Senior Economist for Nigeria, during the Nigeria Economic […]

United States Flag attached to a building
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US approves $413m for Nigeria, West Africa security

The United States has approved $413 million for counter-insurgency and security operations in Nigeria and other West African countries in the 2026 fiscal year, following the signing of the National Defence Authorisation Act into law in December 2025. The funding is allocated under the budget of the United States Africa Command and reflects Washington’s response […]

Oil and Gas

Dangote Refinery lifts Nigeria’s petrol supply by 64%

Nigeria’s domestic supply of petrol from the Dangote Petroleum Refinery and Petrochemicals rose sharply by about 64 per cent to an average of 32 million litres per day after operational improvements at the facility, according to the latest data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. Figures contained in the NMDPRA December […]

Economy

IMF backs Nigeria’s inflation data after CPI overhaul

Nigeria’s inflation outlook received a boost in credibility after the International Monetary Fund endorsed newly revised consumer price data that indicate a significant easing of price pressures. The endorsement follows a comprehensive methodological overhaul of inflation measurement by the National Bureau of Statistics, designed to align Nigeria’s data with international standards. The IMF said the […]

Business

FG launches policy to boost iIndustrial growth

The Federal Government has unveiled the Nigerian Industrialisation Policy, aimed at boosting value addition, promoting industrial growth, and creating jobs nationwide. The Minister of State for Industry, Senator John Enoh, introduced the policy during its soft launch on Thursday in Lagos, coinciding with the presentation of the 2026 Macroeconomic Outlook Report by the Nigerian Economic […]

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