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Benue govt okays ₦294.53m for malaria chemo-prevention campaign

Finance

Domestic transactions on NGX hit record ₦10.68trn in July

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Why Q1 2026 pension contributions dropped by 38% —

Insurance

Naira strengthens to ₦1,346.90/$ amid surge in FX activity

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Blog

Fraud losses decline in Nigerian banks in Q1 2024 - Report
News

$5bn Africa Energy Bank to begin operations in 2025

The Federal Government has confirmed that the highly anticipated $5 billion Africa Energy Bank will begin operations on January 28, 2025. This initiative marks a significant step toward improving energy access and development across the continent. The Permanent Secretary of the Federal Ministry of Petroleum Resources and Nigeria’s Executive Board Member at the African Petroleum […]

News

Vessels with 40.76m litres of petrol, other goods arrive Nigeria

The Nigerian Ports Authority announced the arrival of two vessels carrying a total of 40,766,400 litres of Premium Motor Spirit at Tincan Island Ports in Lagos State on Friday. Additionally, the NPA reported that a total of 10 vessels, carrying various commodities including used vehicles, are expected to arrive at the port between November 1 […]

FG budgets N8.68tn for agric, food imports - Report
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33m Nigerians may face food crisis in 2025 — Report

The Cadre Harmonisé Report for October has projected that at least 33.1 million people in 26 states and the FCT will face a food and nutrition crisis between June and August 2025. This projection comes from the CH Analysis Report released on Friday in Abuja. The analysis was conducted by the UN Food and Agriculture […]

CBN Forged Buhari, Ex-SGF’s signatures To Move $6.2m - Expert
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Court orders forfeiture of $2.045m in assets from Emefiele

A Federal High Court in Lagos has ordered the permanent forfeiture of $2.045 million, multiple luxury properties, and two share certificates belonging to the former governor of the Central Bank of Nigeria, Godwin Emefiele. Judge Deinde Dipeolu delivered the ruling on Friday, confirming the final forfeiture to the Nigerian government. This decision follows an interim […]

News

FG unveils new chicken, crop breeds to boost food production

Federal Government has introduced new chicken breeds, Noiler and Cobb 500, and high-yield crop varieties. This was disclosed at the 34th National Committee meeting, Registration, and Release of Crop Varieties, Livestock Breeds, and Fisheries, held on Thursday, according to NAN. The Chairman of the National Variety Release Committee, Professor Soji Olufajo, described the registration process […]

News

Lagos startup accelerator Techstars shuts down after two years

Alex Odense Two years after its highly anticipated launch, the ARM Labs Lagos Techstars Accelerator, known as Techstars Lagos, has closed its doors, abruptly ending its third cohort, which began in March 2024. The decision was confirmed by Matthew Grossman, Techstars’ global Chief Brand and Communications Officer, in an email. “Techstars’ partnership with ARM Labs […]

Oil and Gas

Oil industry stakeholders explore opportunities from IOC divestments

Indigenous Nigerian oil and gas operators are advocating for enhanced infrastructure and financial support to take advantage of international oil companies’ divestment. They believe this divestment could unlock over 500 million barrels of oil and three trillion cubic feet of gas reserves, provided the government effectively manages the transition. Operators expressed concern over 15 years […]

News

Ongoing recruitment: How to apply for FIRS jobs

The Federal Inland Revenue Service has announced the opening of its recruitment portal for tax officer positions, stating that applications would commence by 12:00 am on November 2nd, 2024. The FIRS made this disclosure in a notice on Friday via its official X handle. The tax authority stated that it is looking to fill Officer […]

Army discovers stolen 1m litres crude oil in Rivers
Oil and Gas

Rep advocates local refiners inclusion in petroleum production

The House of Representatives has urged the Federal Government to create a comprehensive blueprint for the inclusion of indigenous refiners in the nation’s petroleum production value chain. This resolution emerged following the adoption of a motion advocating for reforms and better regulation within the Nigerian petroleum sector, emphasizing the integration of artisanal refiners, according to […]

Dangote Refinery loses N32.5bn after petrol price cut
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IPMAN can’t lift petrol without NNPC approval – Dangote refinery

The Dangote Petroleum Refinery has said the Nigerian National Petroleum Company Limited has not given it permission to provide Premium Motor Spirit, also known as petrol, to Independent Petroleum Marketers Association of Nigeria members. This was disclosed by the company on Thursday in response to demands by oil dealers, acting on behalf of the Petroleum […]

News

EU, FG ink €17.9m power deal

The Federal Government in a significant move to enhance energy access in Nigeria, has formalized an agreement with the European Union and the German Government, securing £17.9 million in funding for the country’s off-grid electricity project. This initiative, part of the third phase of the Nigerian Energy Support Programme, aims to stimulate investments in renewable […]

Australia fines Google $36m over anticompetitive search engine deals
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FG, Google partner to unlock Nigeria’s AI potential

The Federal Ministry of Communications, Innovation, and Digital Economy, in partnership with Google, has announced the 10 startups selected for the N100 million AI Fund. The AI Fund, established by the National Centre for Artificial Intelligence and Robotics in collaboration with Google, will provide each selected startup with N10 million in funding and up to […]

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