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

featured Finance

SEC launches campaign to help Nigerians recover unclaimed dividends

Investment

FG optimistic Nigeria NOW! Expo will boost mining investments

Investment

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Banking

CBN orders banks to implement multi-factor authentication for foreign cards

The Central Bank of Nigeria has instructed all banks and financial institutions to implement multi-factor authentication for foreign card transactions exceeding $200 per day. The move is part of new measures aimed at enhancing the seamless use of foreign-issued payment cards in Nigeria. The directive appears in a circular dated December 18, 2025, issued by […]

Business

Nigeria to adapt single annual budget cycle from 2026 – Tinubu

President Bola Tinubu has announced that Nigeria will adopt a single annual budget cycle beginning in April 2026. He made the declaration on Friday while presenting the 2026 Appropriation Bill to a joint session of the National Assembly. The shift is intended to eliminate overlapping budgets, which have hindered planning, delayed implementation, and weakened accountability. […]

Business

W’Bank approves $500m to boost credit for Nigerian MSMEs

The World Bank has approved $500 million to enhance access to credit for Nigeria’s micro, small, and medium enterprises, aiming to address persistent funding gaps that hinder business growth. According to a Saturday statement, the financing will support the Fostering Inclusive Finance for MSMEs in Nigeria project, structured as a blended facility with $400 million […]

featured Food

NAFDAC recalls Indomie vegetable noodles over allergen risk

The National Agency for Food and Drug Administration and Control has announced the recall of Indomie brand noodles, Vegetable Flavour, following the discovery of undeclared allergens in the product. NAFDAC disclosed that the affected noodles contain milk and eggs, which were not declared on the product label, thereby posing a potential health risk to consumers […]

China denies link to cyberespionage group accused of targeting Singapore
Business

China–Nigeria trade exceeds $22bn – Ambassador 

China–Nigeria trade has surpassed $22 billion, Chinese Ambassador to Nigeria Yu Dunhai revealed. Addressing the 1st Annual China–Nigeria Government Exchange Programme Alumni Reunion Gala in Abuja, he noted that bilateral trade in 2025 has already exceeded last year’s total, highlighting the deepening economic ties between the two nations. He added that China’s direct investment in […]

Business

Nigeria’s music sector generates $600m annually – Minister

Nigeria’s music industry is estimated to generate about $600 million a year and is projected to more than double over the next decade, potentially reaching $1.03 billion by 2033. The figures were disclosed by the Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musawa, in the foreword to Basslines to Billions: Nigeria’s Music […]

Business

FEC okays N58.47tn 2026 budget

The Federal Executive Council, chaired by President Bola Tinubu, has approved the 2026 appropriation budget, projecting total expenditure at N58.47 trillion, a six per cent rise from the 2025 estimate. The Director-General of the budget office, Tanimu Yakubu, made this disclosure while briefing pressmen on Friday. He said the proposal allocates N4.98 trillion to government-owned […]

NNPCL sets fuel price above N1000 per litre
featured Oil and Gas

NNPCL slashes petrol price to N835/ltr

The Nigerian National Petroleum Company Limited has reduced the pump price of petrol for the third time in December 2025. According to Daily Post, monitoring fuel stations across Abuja on Thursday, it was observed that NNPCL lowered the price of petrol to N835 per litre from the previous N915. The adjustment represents a reduction of […]

Economy

Tinubu seeks annulment, extension of 2024, 2025 budgets

President Bola Tinubu has asked the House of Representatives to repeal and re-enact the 2024 and 2025 Appropriation Acts and to extend the implementation of the 2025 budget to 31 March 2026. The request was contained in a letter written by the President and read on the floor of the House on Friday by the […]

Tinubu woos American investors
featured News

Tinubu arrives NASS to present 2026 budget proposal

President Bola Tinubu has arrived at the National Assembly on Friday afternoon ahead of the presentation of the 2026 Appropriation Bill to a joint session of the Senate and House of Representatives. The President was received by top officials of the National Assembly and principal officers as lawmakers gathered for the budget presentation, a key […]

Tinubu orders commencement of palliative road project
featured News

Tinubu presides over FEC meeting on 2026 budget

President Bola Tinubu is currently presiding over a meeting of the Federal Executive Council at the Council Chambers of the Presidential Villa in Abuja. BusinessDay gathered that the Federal Executive Council has a major item on its agenda, which is the consideration and approval of the 2026 Appropriation Bill before it is forwarded to the […]

Oil and Gas

PANDEF endorses Tinubu’s oil sector reforms

The Pan-Niger Delta Forum has formally endorsed the ongoing reforms in Nigeria’s oil and gas sector under President Bola Ahmed Tinubu, describing recent developments as a decisive departure from years of policy drift and regulatory uncertainty in the industry. Speaking in Abuja during an interaction with journalists, PANDEF’s National Publicity Secretary, Ambassador Gidknows Igali, said […]

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