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Iran sets conditions for reopening Strait of Hormuz

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SERAP urges Tinubu, Atiku, Obi, others to publish assets

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Taraba owes ₦85.51bn not ₦1.2tn, commissioner cites official DMO

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Blog

Air Peace denies alleged safety protocol violations in UK
Aviation

Air Peace begins construction of W’Africa’s biggest aircraft maintenance facility

Air Peace on Wednesday commenced construction of what is set to become West Africa’s largest Maintenance, Repair, and Overhaul facility, an initiative poised to revolutionize Nigeria’s aviation sector, reduce capital flight, and position the country as a continental hub for aircraft maintenance. The groundbreaking ceremony was held at Murtala Muhammed International Airport in Lagos on […]

Meta to unveil Twitter-like 'Threads' app
Tech

Meta launches $799 Ray-Ban display smart glasses

Mark Zuckerberg on Wednesday introduced Meta’s first consumer-ready smart glasses, the Meta Ray-Ban Display, priced at $799. The glasses feature a compact digital display that users can control with hand gestures via a neural-powered wristband,according to CNBC. A promotional video showcasing the smart glasses briefly appeared on Meta’s YouTube channel on Monday before being taken […]

Australia fines Google $36m over anticompetitive search engine deals
Tech

Google to build four major digital hubs across Africa

Alphabet’s Google has unveiled plans to build four major infrastructure hubs across Africa, aimed at connecting its latest subsea fiber-optic cables and potentially transforming the continent’s digital connectivity. The hubs, strategically positioned in northern, western, southern, and eastern Africa, will host essential infrastructure including landing stations and data centers. Google’s Africa managing director, Alex Okosi, […]

Electricity customers paid N210.17b in three months - NERC
Electricity

Eight million Nigerians granted electricity access – REA

The Rural Electrification Agency has provided electricity access to about eight million Nigerians under the Nigeria Electrification Project, with millions more set to benefit in the coming years. According to REA’s Managing Director and Chief Executive Officer, Abba Aliyu, the agency has not only met its targets but exceeded them. Aliyu stated that the government […]

Bags of Fertilizers
Agribusiness

Nigeria imports over 560,000mt of fertilizer raw materials in 2025

The Ministry of Finance Incorporated has revealed that Nigeria imported over 560,000 metric tonnes of fertilizer raw materials in 2025 alone, underscoring the Federal Government’s determination to guarantee steady access to agricultural inputs under the Presidential Fertiliser Initiative. According to MOFI, at least 10 vessels have already discharged or are expected to discharge fertilizer raw […]

News

FG disburses N330bn in cash transfers to poor households

The Federal Government has disbursed N330 billion in cash transfers to poor and vulnerable Nigerians through the National Social Safety-Net Coordinating Office. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced that the programme is part of President Bola Tinubu’s strategy to cushion the impact of subsidy removal and exchange rate reforms […]

Business

NNPC MD appointed Nigeria’s representative to OPEC

The Nigerian National Petroleum Corporation Limited has congratulated Maryamu Idris on her appointment as Nigeria’s National Representative to the Organisation of the Petroleum Exporting Countries. In a statement posted on its official X handle on Wednesday, NNPC described the appointment as a significant step in advancing Nigeria’s interests within the global oil producers’ group. “We […]

LCCI to launch innovation hub for startups, SMEs in Lagos
Opinion

LCCI calls for transparent administration of tax incentives

The Lagos Chamber of Commerce and Industry has emphasized the need for effective implementation of the newly enacted Nigeria Tax Reform Act 2025 to spur industrialization in the country. According to LCCI President Gabriel Idahosa, the Act offers a bold opportunity to strengthen the social contract between the government and citizens through enhanced revenue mobilization, […]

Business

Nigeria saves $1.7m as e-call-up clears 3.2m trucks

The chaotic gridlock that paralyzed Lagos ports and disrupted Nigeria’s maritime economy for over a decade is easing, following the rollout of the Ètò electronic call-up system operated by Trucks Transit Parks Limited. Since its launch in February 2021, Ètò has processed more than 3.2 million truck and non-port movements in 54 months, cutting turnaround […]

Opinion

Nigeria’s inflation to drop 17% by year-end- IMPI

The Independent Media and Policy Initiative forecasts that Nigeria’s inflation rate will drop to 17 per cent by December 2025, driven by continued disinflation. According to IMPI Chairman Dr. Omoniyi Akinsiju, Nigeria recorded a rare disinflation in 2025, with inflation falling from 24.5 per cent in January to 20.12 per cent in August, representing a […]

FAAC funds to FG, states hit 7-year high in 2023
Finance

FAAC shares N2.225trn August revenue among FG, states, LGs

The Federation Account Allocation Committee has announced that the Federal Government, states, and Local Government Councils shared a total of N2.225 trillion as August 2025 revenue. This represents an 11.2 per cent increase, or N224.118 billion, compared to the N2.001 trillion distributed in July. According to the Office of the Accountant General of the Federation, […]

Finance

Naira falls to N1,537/$ in parallel market

The Naira experienced a depreciation in value against the United States dollar, both in the parallel market and the Nigerian Foreign Exchange Market. In the parallel market, the Naira fell to N1,537 per dollar from N1,535 per dollar on Wednesday. Similarly, in the NFEM, the Naira depreciated to N1,498 per dollar from N1,485.5 per dollar […]

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