Business

FG unveils Tinubu Light Initiative for one million

  • 6th August 2026

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

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FUTA workers protest alleged non-payment of allowances

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Five countries that recently changed, redenominated their currencies

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SEC launches campaign to help Nigerians recover unclaimed dividends

Investment

FG optimistic Nigeria NOW! Expo will boost mining investments

Investment

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Business

BP to sell 65% stake in Castrol to Stonepeak for $6bn

United Kingdom’s BP has agreed to sell a 65 per cent stake in its Castrol lubricants business to Stonepeak for $6 billion, months after the British oil major began seeking a buyer for the unit. The transaction is part of BP’s broader strategic reset, which includes a reversal of elements of its green strategy and […]

BDC operators reject amended CBN licensing guidelines
featured Finance

Naira holds steady across markets on Christmas eve

The Nigerian naira opened trading on Christmas Eve with mild fluctuations against the United States dollar across both the official and parallel exchange markets. According to Vanguard, data obtained on the morning of December 24, 2025, from the Nigerian Foreign Exchange Market and various Bureau De Change locations indicated that the local currency remained within […]

featured Finance

Nigeria’s net forex inflow rose 12% in 2025

Nigeria recorded a 12.3 per cent year-on-year increase in net foreign exchange inflow to $41.73 billion in the first eight months of 2025, compared to $37.14 billion recorded in the corresponding period of 2024. An analysis of data from the monthly economic reports of the Central Bank of Nigeria showed that the increase in net […]

ICPC criticizes procurement contracts over integrity gap
Business

ICPC flags 13 agencies as high corruption risk

The Independent Corrupt Practices and Other Related Offences Commission has identified 13 ministries, departments and agencies as high corruption risk in its 2025 integrity report. The commission assessed 357 MDAs in its Ethics and Integrity Compliance Scorecard report released on Tuesday. The EICS, alongside the Anti-Corruption and Transparency Units Effectiveness Index, assessed MDAs’ internal control […]

Opinion

Lai Mohammed defends Buhari’s Twitter ban

Former Minister of Information and Culture, Alhaji Lai Mohammed, has defended the Federal Government’s decision to suspend Twitter, now known as X, in Nigeria, stating that the action was prompted by what he described as the platform’s reckless conduct and the threat it posed to national security. Mohammed said the suspension was never intended to […]

featured Finance

Senate approves revised ₦43.561trn 2024 budget framework

The Senate has approved a revised ₦43.561 trillion 2024 Appropriation Act alongside a reworked 2025 budget framework, following the passage of the Appropriation (Repeal and Re-enactment) Bills. The bills were considered at the Committee of Supply stage and later at plenary, where they were passed through a voice vote. Senators described the exercise as a […]

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NIN, CAC numbers to serve as tax IDs from 2026 — FIRS

The Federal Inland Revenue Service has announced that the National Identification Number will automatically become the Tax Identification Number for individual Nigerians from 2026. The clarification was issued on Monday as part of a public awareness campaign on newly enacted tax laws shared by the Service on X. Under the revised tax framework, the FIRS […]

Business

Transport fares rose across major travel modes in October – NBS

Transportation fares across major travel modes climbed in October 2025, according to the Transport Fare Watch report by the National Bureau of Statistics. The figures show that commuters paid higher prices for bus, air, motorcycle (okada) and water transport, highlighting ongoing pressure on household transport costs. Average city bus fares increased marginally to ₦1,058.64 in […]

Umahi threatens MTN over Enugu-Onitsha road, orders N15bn monthly payment
News

Yuletide: Umahi cancels holidays for works ministry directors

The Minister of Works, Engr. David Umahi, has ordered directors in the Federal Ministry of Works and Federal Controllers of Works nationwide to suspend their holiday travel plans and remain actively on duty throughout the festive period. The directive requires senior officials to stay on site at ongoing federal road projects to ensure that construction […]

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