Blog

Private sector laments loan repayment as interest rate hits 26.26%
Banking

CBN commits to long-term stability through sustained reforms

The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, has reiterated the bank’s dedication to restoring investor confidence and ensuring long-term macroeconomic stability through sustained reforms and institutional transformation. In a post on his official X (formerly Twitter) account on Sunday, Cardoso stated that the CBN has made consistent progress in recent weeks, […]

News

NEITI raises alarm over rising methane emissions in Nigeria

The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, Orji Ogbonnaya, has warned that Nigeria’s climate commitments will be meaningless if methane pollution from the oil and gas sector is not urgently tackled. He emphasized that the era of ignoring methane emissions in Nigeria’s extractive industries must end, cautioning that neglecting this powerful greenhouse […]

Business

Ikeja Computer Village introduces biometrics to tackle phone theft, others

The leadership of Computer Village in Ikeja has commenced a biometric registration and enumeration exercise to enhance security, promote accountability, and boost investor confidence in the market. According to Iyaloja Abisola Azeez, the initiative is part of a wider rebranding campaign aimed at tackling long-standing challenges such as phone theft, dishonest technicians, and the circulation […]

SERAP sues CBN over alleged mismanagement of N100bn in "dirty" notes
featured

SERAP sues NNPCL over N500bn missing oil revenue allegation

The Socio-Economic Rights and Accountability Project has initiated legal proceedings against the Nigerian National Petroleum Company Limited over the alleged failure to remit approximately $2.04 billion and ₦164 billion in oil revenues to the Federation Account. SERAP made this disclosure in a post on X (formerly Twitter) on Sunday, stating, “We’ve sued the NNPCL over […]

Logo of the International Air Transport Association
Business

Airline industry gains from declining oil prices – IATA

The global aviation industry is gaining from lower oil prices, which are reducing the cost of kerosene, according to the head of the International Air Transport Association. The Director General of the IATA, Willie Walsh, stated that falling oil prices are helping to lower airline ticket costs, as reduced fuel expenses make it cheaper for […]

Emirates to resume Nigerian flights Sept 11
Aviation

Emirates to keep A380 flying until end of next decade

Emirates plans to keep its fleet of Airbus A380 aircraft flying until the late 2030s, as the world’s largest international airline seeks to extend the life of the iconic double-decker jets that have been central to its global growth. Emirates plans to carry out one final upgrade to the first-class cabins of its Airbus A380 […]

News

ICYMI: Cash outside banks declines again as tightening continues

Currency held outside Nigeria’s banking system declined for the second consecutive month in 2025, falling to ₦4.57 trillion in April from ₦4.60 trillion in March, according to the latest data from the Central Bank of Nigeria. The decline comes as the CBN maintained its benchmark Monetary Policy Rate at 27.5% during its May 2025 Monetary […]

Business

Moody’s upgrades Nigeria’s credit rating to B3 amid economic reforms

Moody’s has upgraded Nigeria’s sovereign credit rating from Caa1 to B3, reflecting increased confidence in the country’s economic direction. The agency attributed the upgrade to significant improvements in Nigeria’s external and fiscal positions, driven largely by recent reforms in foreign exchange management, which have strengthened the balance of payments. Moody’s also pointed to structural adjustments—such […]

Tinubu snubs Sanwo-Olu at Lagos-Calabar highway commissioning
News

Tinubu snubs Sanwo-Olu at Lagos-Calabar highway commissioning

President Bola Tinubu drew widespread attention on Saturday following a viral video that appeared to show him overlooking Lagos State Governor Babajide Sanwo-Olu during the commissioning of Phase 1 of the Lagos-Calabar Coastal Highway. The footage, shared on social media by the President’s Special Assistant, Dada Olusegun, captured Tinubu warmly greeting a number of governors, […]

EFCC slams Emefiele with fresh charges over 753 housing units
News

EFCC slams Emefiele with fresh charges over 753 housing units

The Economic and Financial Crimes Commission has filed fresh charges against former Central Bank of Nigeria Governor, Godwin Emefiele, over the alleged illegal acquisition of a 753-unit housing estate in Abuja and unlawful control of billions of naira. The eight-count charge, filed before the High Court of the Federal Capital Territory, accuses Emefiele of colluding […]

Conferences

Nigeria to deploy AI, blockchain, RPA in public sector reform

The Federal Government is taking steps to modernize public service delivery by adopting emerging technologies such as Artificial Intelligence, Machine Learning, Blockchain, and Robotic Process Automation across its Ministries, Departments, and Agencies. This was revealed at the 2025 ITGOV Conference by the Director General of the Bureau of Public Service Reforms, Dr. Dasuki Arabi, who […]

Business

FG revives NATEP to capture $1tn global outsourcing market

The Federal Government has relaunched the National Talent Export Programme, naming development finance expert Teju Abisoye as Director-General to spearhead Nigeria’s drive to capture a significant share of the $1 trillion global outsourcing market. Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, announced the relaunch in Lagos on Friday describing the programme as a […]