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Business

FG unveils AfCFTA toolkits to streamline trade processes

The Federal Government has unveiled simplified guidebooks and toolkits to strengthen Nigeria’s engagement in the African Continental Free Trade Area streamline trade processes, and drive non-oil export growth. Published in English, Arabic, and Hausa, the materials are intended to deepen inclusivity and equip Nigerian businesses to tap into opportunities across the continental market. The Minister […]

Finance

CBN maintains forex restrictions on BDCs over compliance concerns

The Central Bank of Nigeria has maintained restrictions on Bureau De Change operators’ access to the official foreign exchange market, citing concerns over control and past abuses. This is based on insights from forex traders and market operators who spoke to Nairametrics. The development highlights the apex bank’s continued preference for bank-led FX distribution amid […]

Tech

Meta inks deal to keep solar farms running overnight

Meta has signed an agreement with energy startup Overview Energy in a move that signals an ambitious push to secure round-the-clock electricity supply for artificial intelligence infrastructure, according to people familiar with the arrangement. The deal could see as many as 1,000 satellites deployed to transmit infrared light to solar farms, enabling them to continue […]

Pensioners lament FG’s decision to scrap PTAD
Business

PTAD completes final payment of N32,000 pension increment arrears

The Pension Transitional Arrangement Directorate has announced that it has disbursed the final one-month arrears of the N32,000 pension increment to eligible retirees under the Defined Benefit Scheme. This was contained in a statement released on Monday by PTAD’s Head of Corporate Communications, Mr. Olugbenga Ajayi. According to the agency, the payment completes all outstanding […]

featured Finance

Naira trades at ₦1,360/$ in official FX market

The Naira maintained a steady yet cautious position against the United States Dollar as the market opened for trading today, Tuesday, April 28, 2026. Financial analysts are observing localised fluctuations in liquidity across both the official Nigerian Foreign Exchange Market and the parallel market segments. In the early trading hours of the official window, the […]

Aviation

FG orders 30-day credit for airlines amid aviation fuel crisis

To tackle Nigeria’s worsening jet fuel shortage and price surge, the Federal Government has asked marketers to grant airline operators a 30-day credit window and sell aviation fuel directly to them. The development is sequel to a series of high-level engagements convened by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, following an earlier meeting […]

featured Oil and Gas

Dangote Refinery subsidises petrol, diesel for Nigerians, official reveals

A senior management official of the Dangote Group on Monday revealed that the Dangote Petroleum Refinery has been subsidising the petrol and diesel it supplies to the Nigerian market. According to the official, who spoke to The PUNCH in confidence due to the lack of authorisation to speak, the company’s N1,200 per litre ex-depot price […]

featured News

Varsity workers reject 30% pay rise, threaten nationwide shutdown

The Federal Government has invited the leadership of the Senior Staff Association of Nigerian Universities and the Non-Academic Staff Union of Universities and Allied Institutions to a meeting on Wednesday, April 29, 2026, in a bid to avert the looming strike by the two university-based unions, The PUNCH learnt exclusively on Monday. The strike threat […]

Business

Minister pledges collaborative approach to tackle housing deficit

The newly appointed Minister of Housing and Urban Development, Muttaqha Darma, has pledged to embrace a collaborative leadership style to tackle Nigeria’s housing deficit and enhance affordability nationwide. Speaking during the handover ceremony in Abuja on Monday evening, Darma said his administration would work closely with key stakeholders in the sector to deliver on its […]