Business

NMDPRA proposes ban on fuel price fixing

  • 6th August 2026

Tinubu gets ICPC report on alleged fake agency

  • 6th August 2026

NIA credits NAICOM’s oversight for successful insurance recapitalisation

  • 6th August 2026

Tinubu attributes strong corporate performance to FX, subsidy

  • 6th August 2026

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NiDCOM hails Nigeria’s first indigenous female neurosurgeon’s US hospital

Business

NMDPRA proposes ban on fuel price fixing

Business

Tinubu gets ICPC report on alleged fake agency

Business

NIA credits NAICOM’s oversight for successful insurance recapitalisation

Business

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‘Nyansh’, ‘amala’, ‘abeg’ added to Oxford dictionary

The Oxford English Dictionary has included several words of Nigerian origin in its latest update, reflecting the increasing global influence of Nigeria’s language, culture and cuisine. The December 2025 update, released on the OED website on Wednesday, introduced more than 500 new words, phrases and meanings, including internet slang such as “DM”, “brainfart” and “chug”. […]

Private Sector in Nigeria
Economy

Private sector growth persists as PMI closes 2025 strong

The Stanbic IBTC Purchasing Managers’ Index report has shown that Nigeria’s private sector sustained its growth momentum at the end of 2025, supported by stronger customer demand that translated into higher new orders, output, and purchasing activity. According to the December 2025 report, firms recorded an increase in employment levels during the month, although the […]

Business

FG insists re-enactment of 2024, 2025 appropriations is constitutional

The Federal Government on Wednesday defended the re-enactment of the 2024 and 2025 Appropriation Acts, rejecting allegations of constitutional violations and fiscal impropriety. This comes despite the accountability group BudgIT’s assertion that operating overlapping national budgets constitutes a fiscal anomaly that undermines transparency and sound financial management. In a statement issued Wednesday, the Director-General of […]

Business

Dangote withdraws petition against ex-NMDPRA boss Ahmed Farouk

Aliko Dangote has withdrawn the petition he filed with the Independent Corrupt Practices and Other Related Offences Commission against Ahmed Farouk, the former head of the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The ICPC confirmed the development in a press statement titled, “Investigation of Dangote’s Petition Against Engineer Farouk Ahmed of NMDPRA Continues.” This […]

featured Opinion

Tinubu’s tax reforms not targeting poor, ex-senator insists

Former Senate Leader, Senator Teslim Folarin, on Tuesday urged Nigerians to remain calm, well-informed and supportive of the tax reforms introduced by President Bola Tinubu, insisting that the measures were not aimed at the poor but designed to strengthen Nigeria’s revenue base and promote sustainable national development. Folarin made the clarification while touring the Irepo/Olorunsogo/Orelope […]

Oil and Gas

Lokpobiri urges NMDPRA to prioritise ending tanker explosions

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has called on the new Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Saidu Aliyu Mohammed, to make ending the recurring tanker explosions across the country a top priority. In a statement on Wednesday, Lokpobiri said that during a familiarisation visit to […]

News

US seizes two tankers, escalates Venezuelan oil blockade

The United States intensified its enforcement of a blockade on Venezuelan oil exports on Wednesday by seizing two tankers in separate operations in the Atlantic and Caribbean, underscoring Washington’s intent to directly control how Venezuelan crude moves through global markets. One of the vessels was a Russian‑flagged tanker, known until recently as the Bella 1 and […]

Business

Naira dips to N1,421/$ in official FX market

The naira edged lower at the official foreign exchange market in the second week of January 2026, closing at N1,421 per dollar on Wednesday. Data published on the Central Bank of Nigeria website on Wednesday confirmed the movement. Analysts attribute the mild depreciation to market dynamics, noting that stronger reserve buffers, ongoing FX reforms, and […]

Business

GenCos invoices fell to N782.46bn in Q3 2025

The total invoice issued by power generation companies declined by N80.56bn in the third quarter of 2025, driven by a drop in energy offtake by electricity distribution companies, industry data shows. According to the Nigerian Electricity Regulatory Commission’s Q3 2025 report, GenCos billed N782.46bn in Q3 2025, compared with N863.02bn in the preceding quarter. The […]

featured

Niger, Benin owe Nigeria $17.8m for cross-border electricity – NERC

Niger and Benin owe Nigeria $17.8 million, equivalent to over ₦25 billion at current exchange rates, for electricity supplied under bilateral agreements, according to the Nigerian Electricity Regulatory Commission. In its Third Quarter 2025 report, NERC said three international customers were billed a total of $18.69 million by the Market Operator for power supplied during […]

Electricity

NERC transfers Gombe electricity market oversight to state regulator

The Nigerian Electricity Regulatory Commission has officially handed over regulatory oversight of Gombe State’s electricity market to the Gombe State Electricity Regulatory Commission, in accordance with the amended Constitution and the Electricity Act 2023. The transfer, effected through a formal order, ends NERC’s direct regulation of intrastate electricity activities in Gombe, marking another significant step […]

UBA begins $6bn project to support African SMEs
Banking

UBA crosses N500bn threshold after successful rights offer

United Bank for Africa has raised N178.3 billion through a rights issue, pushing its capital base above the N500 billion threshold required for Tier 1 banks with international licenses. The bank announced the successful conclusion of the rights issue in September 2025. This latest capital raise follows a previous N239 billion raised in November 2024, […]

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