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2023 budget: ASUU threatens strike over unreleased N170bn
News

FG releases ₦2.3bn to clear ASUU salary, promotion arrears

The Federal Government said it has released about ₦2.3 billion to pay arrears and backlogs owed to the Academic Staff Union of Universities and other university-based unions. A statement signed by the Director, Press and Public Relations, Ministry of Education, Folasade Boriowo, on Wednesday, said the funds were released through the office of the Accountant-General […]

News

NDLEA dismisses claims of secret cocaine airstrip in Kebbi

The National Drug Law Enforcement Agency has rubbished reports alleging the existence of a secret airstrip in Kebbi State being used to smuggle cocaine into the country, describing the claims as mischievous, baseless, and politically motivated. The agency’s Kebbi State Commander, Rabi’u Abdullahi Sokoto, disclosed this during a joint briefing held at the Cabinet Office […]

Volkswagen, Canada to invest $15bn in battery gigafactory
Business featured

Volkswagen posts €1bn loss amid US tariffs, Porsche woes

Volkswagen reported its first quarterly loss in five years on Thursday, topping one billion euros, as the German auto giant struggles with United States tariffs and a troubled electric shift at subsidiary Porsche. The loss in the July-to-September period amounted to 1.07 billion euros ($1.24 billion) and was the first suffered by Europe’s biggest carmaker […]

FG deducts N256.5bn for gas projects in six months
Opinion

Delta APC chieftain faults Tinubu’s 15% fuel import duty

A chieftain of the All Progressives Congress in Delta State, Chief Ayiri Emami, has faulted President Bola Tinubu’s approval of a 15 per cent ad-valorem import duty on petrol and diesel, warning that the move will worsen the suffering of ordinary Nigerians. Emami raised the concerns at a press conference held in Abuja on Thursday. […]

Loan apps: FCCPC to address rising debt with new policy
News

Court strikes out FCCPC criminal charge against MTN executives

The Federal High Court in Abuja on Thursday struck out the criminal charge filed by the Federal Competition and Consumer Protection Commission against MTN Nigeria Communications Plc and its top officials. Justice Hauwa Yilwa struck out the suit in a ruling, following an application for the withdrawal of the case by FCCPC’s lawyer, I. O. […]

featured News

Tinubu approves 15% import duty on petrol, diesel

President Bola Tinubu has given the green light for the implementation of a 15 per cent ad-valorem import duty on petrol and diesel brought into Nigeria, a move expected to protect domestic refineries and promote stability in the downstream oil sector. In a directive dated October 21, 2025, and made public on Wednesday, Tinubu ordered […]

Business

FG urges S’East businesses to utilize ECOWAS trade scheme

The Federal government has urged the business community in the South East to avail themselves of the opportunity presented by the Economic Community of West African States Trade Liberalization Scheme to boost the international trade of their products. The ETLS is a trade instrument established in 1979 by ECOWAS as a cornerstone for regional integration, […]

Business

Reps pass bill to control recycling businesses nationwide

The House of Representatives has passed for second reading a bill seeking to establish the Nigerian Recycling Regulatory Agency, a body that will oversee the licensing, registration, and supervision of recycling businesses across the country. Sponsored by Hon. Fuad Kayode Laguda, Member representing Surulere 1 Federal Constituency, the proposed legislation aims to strengthen Nigeria’s waste […]

Paramount Global, Skydance complete $8.4bn merger
Business

Job cuts loom at Paramount Skydance months after merger completion

Paramount Skydance will begin cutting nearly 1,000 jobs on Wednesday, just months after completing its merger. The total layoffs are expected to reach 2,000 positions, according to CNBC, citing a source familiar with the matter. “When we launched the new Paramount in August, we made clear that building a strong, future-focused company would require significant […]