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Tinubu attributes strong corporate performance to FX, subsidy

  • 6th August 2026

NAICOM revokes Nigeria Reinsurance licence over capital requirement

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MEMAN backs cassava ethanol blending to cut petrol

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Fake agency DG opposes closed-door house questioning, seeks

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Tinubu attributes strong corporate performance to FX, subsidy reforms

Business

Moove raises $250m to scale autonomous vehicle business

Tech

Meta AI model breaches external system during security test

Tech

Tinubu orders EFCC to unfreeze Osun govt accounts immediately

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Blog

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
featured Finance

Naira holds steady amid pressure at FX market

The Naira remained largely stable but continued to face pressure against the United States Dollar at the mid-week opening of the foreign exchange market, reflecting ongoing volatility in the early weeks of 2026. Data obtained from the Nigerian Foreign Exchange Market and multiple parallel market locations nationwide indicate that the local currency is still adjusting […]

News

19 dead as crane collapses in Thailand

A train in northeastern Thailand derailed on Wednesday when a construction crane toppled onto three of its carriages, killing at least 19 people and injuring around 80. Local Police said that dozens more were injured when the crane struck a carriage, causing the train to derail and briefly ignite, according to Reuters. “Nineteen bodies have […]

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Nigeria’s economy to grow 4.4% in 2027 – W’Bank

The World Bank has maintained Nigeria’s economic growth forecast at 4.4 per cent for 2027, reflecting continued confidence in the country’s medium-term prospects despite ongoing structural challenges. The projection, detailed in the World Bank’s Global Economic Prospects report released in January 2026, is consistent with the estimate published earlier in the Nigeria Development Update in […]

Business

NIMC, nine other MDAs to spend N24bn on software in 2026

The National Identity Management Commission and nine other federal ministries, departments, and agencies are expected to spend around N24 billion on software projects in 2026. According to the Federal Government’s 2026 Appropriation Bill, a total of 115 MDAs have allocations for software acquisition this year. Among them, these 10 agencies are the largest spenders, with […]

EFCC investigating Sirika's Nigerian Air deal – Keyamo
Aviation

Aviation ministry allocates ₦7.46bn for technology, training upgrades

The Federal Ministry of Aviation and Aerospace Development has earmarked ₦7.46 billion in the 2026 budget for technology upgrades, workforce training, safety programmes, and operational reforms. Details in the 2026 Appropriation Bill show that the funds will support the automation of ministerial operations, library and registry services, and performance management systems. Planned projects include the […]

Business

FG unveils Lagos gold refinery, prepares $600m lithium plant

The Federal Government has begun operations at a high-purity gold refining plant in Lagos, while three other gold refineries are at various stages of development nationwide. In addition, a $600 million lithium processing plant in Nasarawa State is set for commissioning. The Minister of Solid Minerals Development, Dele Alake, announced this on Tuesday, describing the […]

FAAC funds to FG, states hit 7-year high in 2023
featured Finance

FG, states, LGs shared N6trn FAAC in Q3 2025

The Nigerian Extractive Industries Transparency Initiativ has disclosed that the Federal Government, states and local governments shared a total of N6 trillion from the Federation Account in the third quarter of 2025. The disclosure was made in NEITI’s Quarterly Review of the Federation Account Allocation Committee disbursements, where the agency described the amount shared during […]

Obi offers measures to prevent exit of multinational companies from Nigeria
featured Opinion

Suspend implementation of new tax laws, Obi tells FG

Former Anambra State Governor and 2023 Labour Party presidential candidate, Peter Obi, has called on the Federal Government to immediately suspend the implementation of Nigeria’s newly introduced tax laws, warning that the framework is riddled with fundamental flaws and lacks public legitimacy. Obi made the call in a statement shared on his verified X account […]

Transportation

NRC proposes N10.1bn rail upgrade in 2026 budget

The Nigerian Railway Corporation has proposed to spend more than N10.1 billion on train acquisition and rehabilitation projects in its 2026 budget, as the Federal Government intensifies efforts to enhance rail services across the country. Details of the proposed expenditure were contained in the 2026 budget documents published on the website of the Budget Office […]

Technology

NiMet launches AI team to boost weather forecasting

The Nigerian Meteorological Agency has inaugurated an Artificial Intelligence Research and Integration Team as part of renewed efforts to strengthen innovation, drive digital transformation, and enhance service delivery in weather and climate forecasting. The Director General and Chief Executive Officer of NiMet, Charles Anosike, disclosed this development in a statement issued by the agency on […]

Finance

TETFund to disburse N6.452bn to tertiary institutions

The Tertiary Education Trust Fund has announced plans to disburse a total of N6.452 billion to tertiary institutions across the country under its 2026 intervention cycle. The Executive Secretary of TETFund, Sonny Echono, made the disclosure in Abuja on Tuesday during a stakeholders’ workshop with heads of beneficiary institutions, where the 2026 disbursement guidelines were […]

Hacker group Lockbit leaks Boeing data
Aviation

Boeing surpasses Airbus with 1,173 plane orders in 2025

Boeing secured net orders for 1,173 airplanes in 2025, surpassing its European rival Airbus for the first time since 2018, a sign of the company’s ongoing recovery. Last month, Boeing delivered 63 jetliners, bringing its total annual deliveries to 600 aircraft, the highest in seven years, before two fatal crashes and other issues had disrupted […]

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