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Nigeria risks losing $1.4bn US aid over Christians persecution

Finance

NGX urges Tinubu to support fintech’s domestic listing

Policy and Regulations

NGX gains ₦237.8bn as FUGAZ banking stocks lead Friday

Business

FG unveils unified regulatory framework for crypto industry

Policy and Regulations

Blog

Nigeria remains World Bank's third-largest debtor with $18.2bn IDA loans
featured Finance

Naira gains N14.98 as liquidity sustains official FX rally

The naira concluded the four-day trading week with a N14.98 gain in the official foreign exchange market, driven by sustained liquidity. After trading on Friday, the naira appreciated by 1.02 per cent week-on-week as the dollar was quoted at N1,465.67 compared to N1,480.65 quoted last week Friday at the Nigerian Foreign Exchange Market, according to […]

FG terminates Benin–Warri road contract over abandonment
Transportation

Lagos-Calabar coastal highway extended by 100km to include Edo

The Federal Government has approved an additional 100 kilometers to the Lagos-Calabar coastal highway, allowing it to pass through Edo State, South-South Nigeria. This extension increases the total length of the highway to 800km and brings the number of covered states to nine. Nigeria’s Minister for Works, David Umahi, disclosed this development at an Independence […]

How subsidy removal affects small businesses - ASBON
Economy

Business confidence rises as Nigeria’s economy expands – Report

Nigeria’s business landscape maintained its upward momentum in September 2025, as the Current Business Performance Index climbed to 107.9 points, marking a 0.6-point increase from 107.3 points in August. This is according to the latest NESG–Stanbic IBTC Business Confidence Monitor. The report indicates that businesses have remained in the expansion zone since December 2024, reflecting […]

OPEC+ lacks capacity to raise oil prices, says expert
featured Oil and Gas

OPEC+ supply increase plans crash oil prices globally

The global oil market is currently experiencing shock from an anticipated supply hike by the Organisation of Petroleum Exporting Countries, leading to oil prices edging lower on Thursday for the fourth consecutive day. Brent crude hit its lowest price since early June due to mounting concerns about oversupply in the market. Three sources familiar with […]

Foods

Enugu farmers receive agro inputs, thank FG for support

Farmers in Enugu State have expressed satisfaction and gratitude for the distribution of agro inputs and equipment provided by the Federal Ministry of Agriculture and Food Security. The Federal Government, through the agriculture ministry, distributed these inputs to small-scale farmers in Enugu on Thursday. The items provided included herbicides, fertilizers, knapsack sprayers, solar water pumps, […]

Lagos has maintained it's position as the top recipient of Capital Influx in Nigeria during the fourth quarter of 2023 (Q4 2023).
Conferences

Lagos targets Africa’s model megacity with global safety summit

The Lagos State Government is set to host the Lagos State Occupational Safety and Health Conference on Tuesday, October 7, 2025, a high-level gathering aimed at repositioning safety as a central pillar of the state’s economic and social transformation. The landmark event, themed “Occupational Safety and Health (OSH) as a Catalyst for Nation Building,” is […]

Nigeria’s non-oil exports rise to $1.79bn in Q1 2025 – NEPC
News

Nigeria’s non-oil export rises to $1.791bn in Q1 2025

The Nigerian Export Promotion Council announced that Nigeria’s non-oil export reached $1.791 billion in the first quarter of 2025. The Chief Executive Officer of the Council, Nonye Ayeni, disclosed this figure at a one-day sensitisation exercise organized for sesame seed farmers on Thursday in Dutse, Jigawa. The workshop’s theme was: “A Tactical Involvement for Enhancing […]

Finance

Over 10m Nigerians benefit from pension scheme — PenCom

The Director-General of the National Pension Commission, Omolola Oloworaran, has asserted that the Contributory Pension Scheme has completely rewritten Nigeria’s pension narrative over the last two decades. Ms. Oloworaran made this declaration during the Stakeholders’ Conference on the Workings of the CPS for employees and pensioners of the federal government treasury-funded Ministries, Departments, and Agencies […]

Oil and Gas

Nigeria suffered 16% oil output loss over PENGASSAN-Dangote dispute

Nigeria reportedly suffered 16 per cent crude and gas production losses following a three-day oil workers’ strike that briefly threatened crude supplies to the Dangote Refinery before being called off. According to Bloomberg, Africa’s largest crude producer lost 283,000 barrels of oil per day within the first 24 hours of the strike, which was organized […]

Agribusiness

New fertilizer initiative will trigger high cost, farmers warn

Farmers operating under the umbrellas of the Coalition of Farmers Association of Nigeria and the Himma Youth Farmers Association of Nigeria asserted on Thursday that the new Presidential Fertilizer Initiative will likely trigger a high cost of fertilizers. The National President of COFAN, Dr. Abubakar Bamai, voiced concern that this government move, coming amid rising […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
Finance

Naira gains firmness in official market, narrowing black market gap

The Nigerian naira demonstrated continued signs of stability on Friday, October 3, 2025, trading firmer in the official Nigerian Foreign Exchange Market while holding steady in the parallel (black) market. In the official NFEM, the naira was quoted at ₦1,455 per US dollar, based on the volume-weighted data published for the Nigerian foreign exchange market. […]

News

Fire breaks out at Chevron’s US refinery

A major fire erupted Thursday night at Chevron’s El Segundo oil refinery in California, one of the largest refineries on the United States West Coast, following reports of an explosion. Chevron confirmed on Friday that no injuries were reported. The company’s fire department and local emergency services are actively responding to the blaze, according to […]

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