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FG unveils Tinubu Light Initiative for one million

  • 6th August 2026

NMDPRA proposes ban on fuel price fixing

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NIA credits NAICOM’s oversight for successful insurance recapitalisation

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FUTA workers protest alleged non-payment of allowances

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Air cargo demand rises by 18.4% January - IATA
Aviation

NCAA okays commercial flights return at Ibadan airport

The Nigeria Civil Aviation Authority has given approval for the commencement of scheduled flight operations at the Samuel Ladoke Akintola Airport, Ibadan. This was disclosed in a letter dated December 16, 2025, to the Managing Director/Chief Executive of the Federal Airports Authority of Nigeria, The NCAA said it had granted a provisional interim operational permit […]

featured Food

Breadmakers debunk claims of major flour price drop

The Premium Breadmakers Association of Nigeria has refuted a viral social media post claiming that the price of flour has plummeted to between N35,000 and N40,000 per 50kg bag. The post further accuses bread makers of “wickedly” refusing to reduce the prices of bread to reflect the drop. A statement by Emmanuel Onyoh, General Secretary, […]

Kenyan CBN fines UBA, others for regulatory breaches
Business featured

UBA partners Lagos, CIG Motors on $100m transport scheme

United Bank for Africa Plc has announced a $100 million financing partnership scheme with CIG Motors, Lagride, and the Lagos State Government. This initiative is aimed at redefining urban mobility and promoting financial inclusion within Nigeria. Under the partnership, which is tagged “Drive to Own,” UBA will serve as the key financier. The bank is […]

BDC operators reject amended CBN licensing guidelines
featured Finance

Naira trades at 1,453/$ as year-end forex demand rises

The Naira maintained a steady yet cautious position against the United States Dollar today, December 18, 2025, as activity in both the official and parallel markets reflected the ongoing year-end demand for foreign exchange. In the Nigerian Foreign Exchange Market, the Naira opened the trading day at approximately 1,453.25 per dollar. This follows a closing […]

featured

NMDPRA, NUPRC chiefs step down

The chief executives of the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Nigerian Upstream Petroleum Regulatory Commission, Engineers Farouk Ahmed and Gbenga Komolafe, have stepped down from their positions. The development was confirmed in a statement issued on Wednesday by Bayo Onanuga, Special Adviser to the President on Information and Strategy. Following the […]

featured Oil and Gas

Oil prices rally as Trump orders Venezuelan tankers blockade

Crude oil prices climbed after United States President Donald Trump issued a directive for a blockade against sanctioned tankers from Venezuela. Meanwhile, equities saw general gains on Wednesday, though United States employment figures did not significantly increase the likelihood of another interest rate reduction in the coming month. Trading sentiment has remained quiet recently because […]

Crude oil
Oil and Gas

Reps suspend 2026-2028 MTEF over inconsistent oil prices

The House of Representatives has halted its review of the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper. This decision followed a disagreement among lawmakers regarding the proposed adjustments to crude oil price assumptions, which serve as the foundation for the federal government’s revenue and spending blueprints. The framework was presented during Wednesday’s plenary by […]

Business

Diageo sells East African breweries stake to Japan’s Asahi Group

Diageo Plc, the British multinational alcoholic beverage corporation, has reached an agreement to sell its 65 percent controlling stake in East African Breweries Plc to the Japanese firm Asahi Group Holdings. This landmark transaction represents the largest entry by a Japanese brewing company into the African alcoholic beverage sector. The announcement, released on Wednesday, details […]

Finance

Customs penalise banks over delayed remittance of FG revenue

The Nigeria Customs Service has started enforcing penalties against specific banks that fail to remit Customs revenue on time. This initiative is designed to increase transparency and protect the financial earnings of the government. The Service noted that after reconciling collections made through its B’odogwu electronic platform, it identified several cases where banks held onto […]

Opinion

Obi blames leadership failure, political greed for high unemployment

The 2023 presidential candidate of the Labour Party, Mr. Peter Obi, has characterized a recent report by ActionAid and Plan International as an indictment of the leadership and economic trajectory of Nigeria. The report in question estimates the youth unemployment rate in the country at 80 percent. Obi pointed out that these statistics translate to […]

Aviation

Keyamo inspects Uyo airport for international status upgrade

Minister of Aviation and Aerospace Development, Festus Keyamo, alongside members of a Federal Government Technical Committee, has conducted an on-the-spot inspection of facilities at the Victor Attah International Airport, Uyo, as part of the ongoing process to upgrade the airport to full international status. Keyamo’s Special Adviser On Media and Communications, Mr Tunde Moshood, in […]

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