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Tinubu appoints Abel Enitan as head of civil

  • 19th August 2026

Ekiti approves ₦3bn for new high court office

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How FG spent N15.8tn subsidy removal savings

  • 19th August 2026

US tightens green card screening with new public

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Tinubu appoints Abel Enitan as head of civil service,

Business

FG borrowed ₦11.9tn in 31 months, says Oyedele

Finance

States’ 2026 budgets rise 47.5% to ₦40.14tn

Finance

Gombe approves ₦148.762m monthly subvention for state university

Finance

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FG cracks down on owners of illegally imported private jet

The Federal Government through the Nigerian Customs Service has initiated a new initiative to crack down on owners of private aircraft that are illegally imported into the nation., As a result, no less than eighty private jet operators are anticipated to show up with their aircraft import documents at the NCS headquarters in Abuja, according […]

News

Zenith Bank, Femi Otedola reach out-of-court settlement

The owner of Geregu Power and chairman of FBN Holdings, Femi Otedola, has resolved his legal battle with Zenith Bank, which was earlier brought before a Federal High Court. Sources claim that Otedola’s decision to withdraw from the legal proceeding is the result of a recent agreement reached between the billionaire and Jim Ovia, the […]

has presented its 2024 Regulatory Impact Assessment, a comprehensive review aimed at overhauling existing telecom regulations
News

NCC blames malware, background apps, GPS, others for data depletion

The Consumer Affairs Bureau of the Nigerian Communications Commission has identified malware, background apps, Location services, and others as factors responsible for Nigerian mobile customers’ data depletion This follows the rise in customer concerns regarding how quickly their data plans are being depleted. Although a lot of users have been accusing the service providers of […]

News

NIPC earned N9bn from tax waiver fees

The Nigerian Investment Promotion Council has received N9.2 billion in revenue from costs associated with issuing Pioneer Status Incentives to qualified companies and from renewal fees during a four-year period. An analysis of the commission’s domestically generated revenue from 2020 to 2023 shows that it earned an average of N1 billion per year, according to […]

News

Foreign companies exit costs Nigeria N94tn in five years

The former Director of Research and Advocacy at the Lagos Chamber of Commerce and Industry in Nigeria, Dr Vincent Nwani has stated the exit of many multinationals from the Nigerian economy has cost the country N94 trillion in lost output over the last five years. Multiple international corporations have exited Nigeria by reducing operations, transferring […]

Guaranty Trust Bank Ltd. has announced that all its branches across Nigeria will close earlier than usual on Monday, June 30, 2025
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GTBank drags 60 senior bank executives to court

Guaranty Trust Bank has brought no less than 60 senior executives of 13 commercial banks before the federal high court, Lagos State as a pending suit between GTBank and Afex Commodity Exchange about a N17 billion loan under the Anchor Borrowers Programme loan lingers. The 60 executives, which include the chairmen, CEOs, directors, and company […]

Electricity

Blackout hits Ghana, others amid Nigeria’s gas disruption

A persistent disruption in the gas supply from Nigeria is causing blackouts in certain areas of Ghana and other West African countries. Following the development, there have been blackouts in a number of Ghanian, Beninois, and Togolese cities, according to Punch findings. The West African Gas Pipeline Company Limited in Accra, Ghana, declared on Wednesday […]

Crypto Market sheds $130bn amid Trump tariff
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Crypto market loses $200m amid Bitcoin’s monthly low

The cryptocurrency market has suffered a significant blow, with liquidations amounting to $200 million as Bitcoin plummeted to a monthly low of $65,000, dragging down other altcoins. This decline has impacted over 75,000 traders and investors in the crypto sector. While Bitcoin has slightly rebounded to $66,000 at the time of writing, the damage has […]

Blackout hits Abia over geometric power plant gas shortage
featured News

Blackout hits Abia over geometric power plant gas shortage

Most parts of Aba, the commercial hub of Abia State, have been without power for several days due to a lack of gas supply to the Geometric Power plant. This information was disclosed by Aba Power Limited Electric (APLE), the electricity distribution company responsible for the Aba ring-fenced area, which includes nine Local Government Areas […]

Insurance

Third-party insurance premium raises NLIP earnings to N1.79b

The overall premium earned by the Nigeria Liability Insurance Pool in 2023 increased by 51.6% to N1.79 billion from N1.18 billion in the previous year. According to the Pool’s annual report, the increase was prompted by an increase in third-party vehicle insurance premiums that went into effect in January 2023. In this directive, private vehicles […]

FG spends 74% of revenue on debt in Q1 2024
News

Naira dips by 215% in one year

Since the harmonization of Nigeria’s foreign currency market segments one year ago, the naira has declined by approximately 214.64% against the dollar, according to The Punch. At the closing of trade on Friday, the naira was worth N1482.72 per dollar, compared to N471/$ a year ago. The Central Bank of Nigeria’s statement abolishing the segmentation […]

Crypto Market sheds $130bn amid Trump tariff
Crypto

Global investments in cryptocurrency hits $1bn in May

The research arm of Kucoin, a leading crypto exchange, disclosed a Performance report on cryptocurrency for May, showing that new investments totaling $1.02 billion were made in the market. The figure indicates a modest decline, showing the amount invested in the cryptocurrency market in May is marginally less than in April. According to the report, […]

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