Business

Firms expect borrowing costs to ease in coming

  • 7th August 2026

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

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Naira holds steady at ₦1,368/$ in official FX market

Finance

Firms expect borrowing costs to ease in coming months

Business featured

Freight agents, Customs clash over Single Window rollout

featured Policy and Regulations

Lagos needs 40,000 more doctors, says Sanwo-Olu

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Blog

Finance

Adamawa SEC approves N583bn budget for 2026 fiscal year

The Adamawa State Executive Council has approved a budget proposal exceeding N583 billion for the 026 fiscal year. The Council granted the approval during its meeting on Friday, which was chaired by the Deputy Governor, Professor Kaletapwa Farauta. The total budget stands at N583,331,380,496. It features a 64.07 per cent provision for capital spending, amounting […]

Finance

Nigerian stock market ends week with N946bn gain

The equities market closed the week on Friday with a substantial gain of N946 billion. This positive movement was attributed to sustained investor interest in medium and large capitalised stocks. Market capitalisation, a key measure of the market’s value, grew by N946 billion, which represents a one per cent increase. It closed the session at […]

Nigeria is entering an era of concrete highways - FG
Transportation

FG partially opens Lagos-Calabar coastal highway for festivities

The Federal Government has brought relief to commuters in Lagos, particularly during the festive season, by announcing the temporary opening of a major section of the Lagos–Calabar coastal highway. This accessible stretch constitutes Section 1 of the massive project and covers a significant distance of 47 kilometres. The temporarily opened road runs from the Ahmadu […]

News

NNPC confirms pipeline explosion in Delta

The Nigerian National Petroleum Company Limited has confirmed a major pipeline explosion near the Tebijor, Okpele, and Ikpoро communities, which are located in the Gbaramatu Kingdom of Delta State. The incident was first reported to have occurred late on Wednesday afternoon, specifically around 17:50 hours. This confirmation was formally released on Thursday by the Chief […]

featured Oil and Gas

Dangote Refinery slashes petrol price to N699

The Dangote Petroleum Refinery has announced a major reduction in the ex-depot price of Premium Motor Spirit, bringing the rate down from N828 to N699 per litre. This new benchmark price, updated and published on Friday by Petroleumprice.ng, represents a N129 drop, which is approximately a 15.6 per cent reduction. A senior official of the […]

UK job vacancies drop 23%, signaling economic slowdown
Economy featured

UK economy unexpectedly shrinks again

Britain’s economy unexpectedly contracted for a second consecutive month in October, according to official data released on Friday, a development that deals a blow to the Labour government’s ambitions of reviving economic growth. Gross domestic product recorded a 0.1 per cent fall in October, following a matching contraction of 0.1 per cent recorded in the […]

Investment

NASENI launches ‘FutureMakers’ program to groom young innovators

The National Agency for Science and Engineering Infrastructure has officially unveiled FutureMakers, a new national program dedicated to grooming young innovators aged 5 to 16 years old and strategically positioning Nigeria for long-term technological advancement. The initiative was formally launched on Thursday at the agency’s headquarters located in Abuja. Speaking during the event, the Executive […]

Oil and Gas

NNPCL targets 2mbpd crude oil in 2026

The Nigerian National Petroleum Company Limited has officially set its crude oil production target for the year 2026 at more than two million barrels per day. This announcement was made by Engr. Akponime Omojevwhe, Head of Field Operations, Eastern Corridor, Project Monitoring Office of NNPCL, during the monthly stakeholders’ meeting held with host communities of […]

Crude oil
featured Oil and Gas

Nigeria’s oil output drops to 1.486mbpd, below OPEC quota

The Organisation of Petroleum Exporting Countries has reported that Nigeria’s oil production, excluding condensate, experienced a 0.7 per cent drop, falling to 1.486 million barrels per day in November 2025 from the 1.496 million bpd produced in October 2025. OPEC does not count condensate in its figures, a resource of which Nigeria produces approximately 196,028 […]

Seven banks paid N392.53bn in taxes in first half of 2024
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No tax ID, no bank account from January 2026 — FG

The Federal Government has announced a directive stating that, effective January 1, 2026, all taxable Nigerians will be required to obtain a Tax Identification Number or Taxpayer Identification Number in order to operate a bank account within the country. This information was disclosed by the Chairman of the Presidential Committee on Fiscal Policy and Tax […]

Equity investors lose N1.5tn as bond yield rises
Economy featured

Asian stocks rise after US Fed rate cut

Asian equities experienced a rise on Friday as investors reacted to a record-breaking day on Wall Street, which occurred in the wake of the Federal Reserve’s latest interest rate cut announcement. These market gains were registered despite renewed concerns regarding technology stock valuations, which emerged following disappointing earnings reports from sector leaders Oracle and Broadcom. […]

Business featured

CBN mandates dual connectivity for PoS transactions

The Central Bank of Nigeria has issued a directive compelling all financial institutions, acquirers, and payment service providers to implement mandatory dual connectivity for Point of Sale transactions. This crucial infrastructure upgrade must be completed within one month of the order. The circular, which updates an earlier policy from September 2024, was signed by Rakiya […]

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