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

News

Five countries that recently changed, redenominated their currencies

featured Finance

SEC launches campaign to help Nigerians recover unclaimed dividends

Investment

FG optimistic Nigeria NOW! Expo will boost mining investments

Investment

Blog

80% of Nigeria pharmacies now prefer digital payment methods — Report
Finance

Nigeria emerges digital payments leader in Africa

Nigeria has emerged as a leading force in Africa’s rapidly expanding digital payments ecosystem, as instant payment systems across the continent processed transactions valued at nearly $2 trillion in 2024, according to a new report. The State of Inclusive Instant Payment Systems 2025 Report, released by the AfricaNenda Foundation in collaboration with the World Bank […]

Naira closes week stronger at N1,534.72/$ 
featured Finance

Naira holds firm against dollar across FX markets

The Naira remained relatively stable against the United States Dollar on Tuesday, December 23, 2025, as trading commenced across both the official and parallel foreign exchange markets. The steady performance of the local currency comes amid sustained efforts by the Central Bank of Nigeria to manage liquidity within the Nigerian Foreign Exchange Market. At the […]

Economy

Capital importation dropped 62% in August

Nigeria’s capital importation declined sharply by 62 per cent on a month on month basis to $1.13 billion in August 2025, down from $2.98 billion recorded in July of the same year. Despite the overall drop in capital inflows, Foreign Direct Investment rose significantly during the period, increasing by 140 per cent month on month […]

New SEC regulation to enhance transparency in bank recapitalization
Finance

SEC sets January 2026 deadline for operators’ renewal

The Securities and Exchange Commission has directed all capital market operators to renew their registration between January 1 and January 31, 2026. The Commission also announced plans to commence electronic receipt and processing of applications for registration and updates of registration information in the first quarter of 2026, as part of efforts to streamline regulatory […]

featured Finance

States must follow law in borrowing, DMO insists

The Debt Management Office has called on state governments to strictly adhere to the provisions of the Fiscal Responsibility Act and other applicable laws when undertaking borrowing activities. The Director General of the Debt Management Office, Ms Patience Oniha, gave the charge at a workshop on borrowing guidelines organised for officials of state governments in […]

Global petrol price increases by 20%
featured Oil and Gas

Petrol supply jumped 55% in November

The supply of Premium Motor Spirit, also known as petrol, rose sharply to 71.5 million litres per day in November 2025, up from 46 million litres per day recorded in October, representing an increase of 55 per cent. The Nigerian Midstream and Downstream Petroleum Regulatory Authority said the volume supplied during the period was sourced […]

Governor AbdulRahman AbdulRazaq
News

Gov AbdulRazaq approves 27.5% allowance for Kwara teachers

Kwara State Governor, AbdulRahman AbdulRazaq, has approved a 27.5 per cent Teachers Specific Allowance for teachers across the state. The approval was granted on Monday, just hours after the governor presented the 2026 budget to the Kwara State House of Assembly. The development was disclosed in a statement issued by the governor’s Chief Press Secretary, […]

Nigerian bankers move to curb japa
News

US offers $3,000 incentive for voluntary deportation

The United States Department of Homeland Security has tripled the financial incentive offered to undocumented migrants who voluntarily leave the country, increasing the so-called exit bonus from $1,000 to $3,000 under its self-deportation programme. Under the revised policy, undocumented migrants who register with the US government and depart the country by the end of the […]

Customs resume electronic auction of vehicles, overtime goods
News

FG targets N150bn from vehicle recycling starting 2026

The Federal Government has announced plans to tap into Nigeria’s largely informal vehicle recycling market, projecting annual revenues of over N150bn from 2026 as part of wide-ranging reforms aimed at modernising the country’s automotive industry. The National Automotive Design and Development Council disclosed this in a statement issued on Sunday, with its Director-General, Joseph Osanipin, […]

Business

Dangote opens hotline to report petrol sales above N739

Dangote Petroleum Refinery has introduced a dedicated hotline for Nigerians to report any MRS Oil Nigeria Plc filling stations selling Premium Motor Spirit above the approved pump price of N739 per litre. The refinery also cautioned marketers against creating artificial scarcity, noting that it is supplying up to 50 million litres of petrol daily. In […]

Business

US to enforce visa ban on Nigeria, 18 others from January

The United States will implement a partial visa suspension affecting Nigeria and 18 other countries starting January 1, 2026. The US Embassy and Consulates in Nigeria announced the measure in a statement on Monday. The suspension will impact nonimmigrant B-1/B-2 visitor visas, F, M, and J student and exchange visitor visas, as well as all […]

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