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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

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Freight agents, Customs clash over Single Window rollout

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

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Pound rises against naira in official, parallel FX markets

The British Pound Sterling started the week trading at strong levels against the Nigerian Naira, reflecting persistent demand for the United Kingdom currency in both the official and parallel foreign exchange markets on Monday, December 8, 2025. In the Nigerian Foreign Exchange Market, the official indicative rate for one Pound Sterling was recorded at approximately […]

Dangote Refinery loses N32.5bn after petrol price cut
Business

Dangote halts salaries of ‘sacked’ engineers, deepens PENGASSAN rift

The Dangote Petroleum Refinery has suspended monthly salary payments to engineers it dismissed in September amid its dispute with the Petroleum and Natural Gas Senior Staff Association of Nigeria. PENGASSAN said it is currently engaging the Dangote Group to resolve the issue amicably rather than initiate another industrial action. Findings show the salaries were halted […]

FG revokes housing allocations for 1,357 beneficiaries
Business

Lagos cracks down on unapproved estate developments

The Lagos State Government has issued a final warning to estate developers operating without approved layout plans. Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Olumide, delivered the notice during a recent on-the-spot enforcement and sensitisation tour across the Eti-Osa corridor, noting that the ultimatum follows the expiration of an earlier grace period given […]

Opinion

Delayed 2026-2028 MTEF submission undermines budget credibility — CPPE

The Centre for the Promotion of Private Enterprise has expressed concerns over the delayed submission of the 2026–2028 Medium-Term Expenditure Framework, warning that the lag could undermine legislative scrutiny and weaken the credibility of Nigeria’s budget process. This warning was contained in a policy brief sent to Nairametrics by the organisation’s Director and Chief Executive […]

EU rules out fee for tech giants under digital markets act
Finance

EU launches €12m initiative to boost African ports

The European Union has launched a €12 million regional initiative aimed at boosting the safety, security, and operational performance of major sea ports across West and Central Africa. The project, known as SCOPE Africa – Securing Corridors, Ports and Exchanges in Western and Central Africa, was formally launched in Lomé, Togo, and is scheduled to […]

YouTube music to support subscribing to podcasts via RSS
Tech

YouTube faces scrutiny as AI-generated toddler content floods platform

A growing influx of low-quality, AI-generated videos aimed at children is heightening concerns for YouTube, as creators increasingly rely only automated tools to churn out toddler-facing content at scale. This wave of “AI slop”—a label for cheaply made, repetitive, and largely unoriginal digital material, is spreading quickly across channels targeting very young audiences, according to […]

FCMB raises ₦147.5bn in oversubscribed public offer
Business

FCMB profit before tax surges 46% to N134bn

FCMB has reported a profit before tax of N134.497 billion for the nine months ended 30 September 2025, representing a 46.2 per cent increase from the N91.83 billion posted in the same period last year. For the third quarter alone, the Group’s unaudited financial statement filed with the Nigerian Exchange revealed that pre-tax profit grew […]

Why diesel prices may not reduce in Nigeria - Experts
featured Oil and Gas

Diesel price surges by 9.45% to N1,398/litre

The average retail price of diesel (Automotive Gas Oil) rose in October 2025, climbing by 9.45 per cent month-on-month to N1,398.57 per litre. This information is according to the latest Automotive Gas Oil Price Watch released by the National Bureau of Statistics. This marks a notable increase from the N1,277.81 per litre recorded in September […]

Medical tourism: Nigerians spend $1m in foreign hospitals
Helth

Lagos plans new agency to monitor private healthcare standards

Lagos State is moving to establish a new regulatory agency dedicated to monitoring private healthcare facilities, a step officials say is necessary to improve patient safety and address gaps in the state’s existing oversight system. The Speaker of the Lagos State House of Assembly, Mudasiru Obasa, announced the plan on Saturday at a Gala and […]

Nestle, others cost equity market 51bn loss
Opinion

90% of Nigeria’s CSCS accounts are inactive – Expert

Nigeria’s Central Securities Clearing System now holds roughly 6 million investor accounts, but only about 10 per cent are active. GTI Group CEO Abubakar Lawal, disclosed this while speaking at this year’s workshop of the Capital Market Correspondents Association of Nigeria, noting that the gap must be closed if the Investments and Securities Act 2025 […]

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