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News

Zamfara gov orders computer training for commissioners, aides

Governor Dauda Lawal of Zamfara State has declared the computer appreciation course for Commissioners and Special Advisers open. During the launch at the Government House in Gusau on Tuesday, the governor reiterated his administration’s commitment to building a modern, technology-driven Zamfara State. A statement by the governor’s spokesman, Sulaiman Bala Idris, disclosed that the retreat […]

Oil and Gas

Fuel subsidy removal unlocked digital transformation in downstream sector – MEMAN

The Major Energy Marketers Association of Nigeria says the removal of the fuel subsidy has ushered in deregulation, opening opportunities for innovation and digital transformation in the downstream sector. Chairman of MEMAN, Huub Stokman, said the shift is driving models such as energy-as-a-service, virtual power plants, and peer-to-peer energy trading to boost efficiency and access. […]

News

FG signs $400m deal for new steel plant in Ogun

Nigeria’s long-awaited steel revolution may finally be taking shape as the Federal Government on Wednesday announced the signing of a $400 million cooperation agreement with Stellar Steel Company Limited, a Chinese-backed firm, to establish a major steel plant in Ewekoro, Ogun State. The deal, signed in Abuja between the Federal Ministry of Steel Development and […]

Finance

Nigeria’s money supply falls to ₦118trn amid CBN tightening

Nigeria’s money supply fell month-on-month to about ₦118 trillion in September 2025, down from ₦119.7 trillion in August, according to the Central Bank of Nigeria. The apex bank disclosed this in its Money and Credit Statistics Data for September 2025, attributing the decline primarily to a drop in banks’ credit to the economy amid continued […]

featured Opinion

Nigeria must shift focus from stabilisation to growth — Okonjo-Iweala

The Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala, has said that Nigeria must shift its focus from stabilisation to growth of its economy. Okonjo-Iweala spoke on Tuesday while addressing criticism of the WTO’s trade system by the United States during an interview with Arise TV on the sidelines of the Future Investment Initiative in […]

Agribusiness featured

FG allocates ₦450m fertiliser to Jigawa farmers at subsidised rate

The Federal Government has allocated fertilizer worth over ₦450 million for sale to farmers in Jigawa State at subsidized rates. According to Governor Umar Namadi, this drive is part of ongoing efforts to boost agricultural productivity and ensure food security under the Renewed Hope Agenda of President Bola Ahmed Tinubu. Governor Namadi spoke at the […]

FG sets December deadline for completion of East-West road
Business

Local contractors threaten protest over unpaid 2024 projects debt

The Association of Indigenous Contractors of Nigeria has threatened to stage a nationwide protest on November 3, 2025, over the Federal Government’s alleged refusal to pay for projects completed during the 2024 fiscal year. Speaking at a press conference on Tuesday in Abuja, AICAN National President, Jackson Ifeanyi, condemned the situation as a “grave injustice” […]

FCTA shuts FIRS, Access Bank Abuja offices over rent debt
Business

FIRS orders 10% withholding tax on short-term securities

The Federal Inland Revenue Service has directed banks, stockbrokers, and other financial institutions to withhold a 10 per cent tax on interest earned from short-term securities. This represents a major policy change, as these instruments were previously exempt from taxation to boost investor participation. The notice, signed by FIRS Executive Chairman Zacch Adedeji, was addressed […]

Conferences

Abia targets foreign investment through Turkiye summit

The Abia State Government has announced plans to leverage the forthcoming Abia–Turkiye Investment Summit and Product Exhibition to attract investors and unlock opportunities across key sectors, including manufacturing, agriculture, textiles, energy, and infrastructure. The event, themed “Bridging Continents, Unlocking Prosperity,” is scheduled to hold from November 25 to 27, 2025, at the International Conference Centre, […]

Business

Manufacturers urge stronger policy support for industry recovery

Manufacturers have called for stronger and more consistent policy support to sustain Nigeria’s fragile industrial recovery, as the Manufacturers’ Confidence Index rose marginally to 50.7 points in the third quarter of 2025 from 50.3 points in the previous quarter, reflecting cautious optimism among industry leaders. The Manufacturers Association of Nigeria disclosed this yesterday in Lagos […]

Finance

CBN refutes report of $1.26bn forex allocation for fuel import

The Central Bank of Nigeria has refuted a report claiming that it allocated $1.269 billion in foreign exchange for the importation of petroleum products in the first quarter of the year, stating on Tuesday in a statement that the report was misleading and inaccurate. The CBN directly addressed the misrepresentation, clarifying its position: “The Central […]