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AMCON recovers N165bn from bank debtors in H1

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featured Finance

Why Tinubu continues borrowing — Umahi

The Minister of Works, Engr David Umahi, has said President Bola Tinubu is borrowing to fix Nigeria’s roads because infrastructure is the foundation for security, commerce and economic growth. Umahi spoke in Abuja during a visit by the Inspector General of Police, IGP Olatunji Disu, to the Ministry of Works. “When people say, ‘Why is […]

Economy featured

Sallah: Economic hardship, fuel cost push sheep prices to ₦1.2m — Report

Economic crunch, rising petrol prices triggered by the Middle East war and insurgency have driven costs of sheep up in Nigeria ahead of Eid-al-Adha. AFP reported that traders lamented sluggish sales as thousands of sheep stood in pouring rain on Friday at Kara Market, a sprawling livestock hub along the Lagos-Ogun border in southwest Nigeria. […]

Opinion

Why Nigeria loses billions at Seme border — Ex-Customs officer

A retired Customs officer, Seyi Adeyemo, has raised concerns over the loss of billions in revenue allegedly caused by the Nigerian government’s trade restrictions at the Seme Border, despite the multi-billion-naira infrastructure upgrades supported by the World Bank. Adeyemo also stated that the border post remains far below its economic potential, as ongoing trade restrictions […]

Business

Tantalizers expands into blue economy with major fisheries deal

Tantalizers Plc has signed a preliminary agreement to acquire one of Nigeria’s biggest indigenous fisheries operators. This marks a significant step in the company’s expansion into the nation’s blue economy sector. The company’s board recently concluded a Memorandum of Understanding with Karflex Fisheries Limited and Karflex Investment Limited. The MoU is for the acquisition of […]

Finance

Informal workers demand 50-50 pension co-contribution from FG

The Federation of Informal Workers Organisations of Nigeria has called on the Federal Government to introduce a 50:50 pension co-contribution scheme for informal workers as part of urgent measures to strengthen social protection for millions of Nigerians operating outside the formal sector. Vanguard reported that in a statement, FIWON said more than 93 per cent […]

Finance

Nigerian stock market declines over profit-taking by investors

After the sustained rally recorded in the previous weeks of May 2026, profit-taking by investors last week have taken toll on the Nigerian stock market. Vanguard reported that analysts noted that the profit-taking was mostly in major blue chip and mid-cap companies that had paid dividends to their shareholders. A review of activity on the […]

Business featured

Importers decry soaring demurrage costs over National Single Window delays

Importers and clearing agents have raised concerns over mounting demurrage costs at Nigerian seaports, blaming delays linked to the National Single Window platform for prolonged cargo clearance processes. Vanguard reported that the National President of the National Council of Managing Directors of Licensed Customs Agents, Lucky Amiwero, along with other customs agents, alleged that some […]

featured Finance

Naira holds steady against dollar in official, parallel FX markets

The naira traded within a relatively stable range against the United States dollar on Monday, May 25, 2026, across both the official Nigerian Foreign Exchange Market and the parallel market. Data from the Central Bank of Nigeria’s NFEM window showed the official exchange rate hovering around ₦1,375 per dollar, following the last recorded closing rate […]

Business

Niger govt urges Dangote to explore basin oil development

The Niger State Government has urged the Dangote Group and other private investors to tap into opportunities in crude oil exploration within the Bida Basin. Speaking during a fireside session on the Dangote Special Day at the recently concluded Niger National Trade Fair in Minna, the Commissioner for Trade, Investment, Industry and Private Sector Development, […]

Business

Marketers warn of scarcity as cooking gas prices surge nationwide

The Nigerian Association of Liquefied Petroleum Gas Marketers has raised concerns over irregular supply and the rising cost of Liquefied Petroleum Gas (cooking gas), warning that the trend could lead to scarcity and worsen economic pressure on consumers. The association said the price of cooking gas has climbed above N1,500 per kilogramme, while marketers now […]

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