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Firms expect borrowing costs to ease in coming

  • 7th August 2026

FG unveils Tinubu Light Initiative for one million

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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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Firms expect borrowing costs to ease in coming months

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Business

Tinubu sets up committee to address contractors’ payment delays

President Bola Tinubu on Wednesday voiced “grave displeasure” over the backlog of unpaid federal contractors and announced the formation of a high-level committee to address the delays and ensure repayment. Briefing State House reporters after the Federal Executive Council meeting in Abuja, Special Adviser on Information and Strategy Bayo Onanuga said the President was “upset” […]

News

Court halts Lekki land sale over N21.5bn dispute

The High Court of Lagos State, sitting in Igbosere, has issued significant pre-emptive orders restraining Industrial and General Insurance Plc and The Four H Nigeria Limited from transferring or interfering with a large expanse of land in the Lekki Peninsula. The orders were granted after a property development company, Bravematt Property and Investment Limited, alleged […]

CAC registers 330,000 small enterprises
Business

CAC tightens rules for online business name updates

The Corporate Affairs Commission has stated that all online requests to update business names must now provide additional personal and contact details. In a public notice issued Wednesday, the commission said the requirement aims to enhance verification and maintain the accuracy of registered business information. This measure is part of the CAC’s ongoing efforts to […]

Policy and Regulations

ECOWAS approves plan to cut West African airfare

The Economic Community of West African States has approved significant changes designed to decrease the high cost of flying within Nigeria and the wider West Africa region. This decision is expected to revolutionize the air transport sector. The ECOWAS Commission issued a statement yesterday announcing that the Heads of State and Government, meeting at their […]

News

Reps order suspension of COVID-19 loan deductions

The House of Representatives has directed the Central Bank of Nigeria, NIRSAL Microfinance Bank, and the Federal Ministry of Finance to immediately suspend all deductions on COVID-19 intervention loans and grant total waivers for outstanding loans owed by vulnerable households and micro-businesses. The directive followed a motion of urgent public importance sponsored by Saidu Musa […]

News

Tinubu orders immediate clearing of ₦1.5bn FG contractors debt

President Bola Tinubu has expressed strong displeasure over a backlog of about 1.5 billion naira owed to federal contractors and has ordered for the immediate clearance. The President’s reaction was disclosed by his Special Adviser on Information and Strategy, Bayo Onanuga, who briefed State House reporters after the meeting, stating that the president learned about […]

Appointments

ECOWAS appoints Aliko Dangote as pioneer business council chair

The Economic Community of West African States has moved to deepen regional economic stability by partnering with leading private sector players, including Africa’s billionaire industrialist Aliko Dangote. The plan was unveiled on Wednesday by the President of the ECOWAS Commission, Omar Touray, at the 95th Ordinary Session of the ECOWAS Council of Ministers in Abuja. […]

Finance

Tinubu submits 2026-2028 MTEF to Reps

President Bola Tinubu has submitted the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper to the House of Representatives, seeking the legislature’s approval. During Wednesday’s plenary, the letter from Tinubu was read by Deputy Speaker Benjamin Kalu, who presided over the session, urging lawmakers to consider the documents promptly. “It is with pleasure that I […]

Travel

US to demand five-year social media history for tourists

Tourists from numerous countries, including the United Kingdom, may soon be required to provide a five-year history of their social media activity as a condition for entering the United States, according to a new proposal released by American authorities. The measure would apply to travelers eligible for the 90-day visa-free program, provided they complete an […]

Transportation

FEC okays ₦58bn for electric buses, adopts industrial policy

The Federal Executive Council on Wednesday approved five major memoranda from the Ministry of Industry, Trade and Investment. These included Nigeria’s Industrial Policy 2025, the procurement of electric buses, and key infrastructure projects in Lagos. Minister of State for Industry, Trade and Investment, Senator John Owan Enoh, disclosed this while briefing State House correspondents at […]

Aviation

FG has no power to fix private airlines’ airfare – Keyamo

Against the lamentations by air travelers over what they described as outrageous airfare in the country, the Federal Government on Wednesday said it lacked the legal authority to regulate or fix domestic airfares as the aviation sector has been fully deregulated for decades. Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, stated this while […]

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