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Ekiti approves ₦3bn for new high court office

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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

Ekiti approves ₦3bn for new high court office complex

Business

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SEC approves FCMB-TLG as Nigeria’s first private debt fund

The Securities and Exchange Commission has approved the FCMB-TLG Private Debt Fund, Nigeria’s first private debt fund denominated in naira. This was disclosed by the CEO of FCMB Asset Management Limited, James Ilori at the signing ceremony, according to Businessday. The Fund set up in May 2024, is sponsored and managed by FCMB Asset Management […]

News

FG, private sector partner to revive textile, garment industry

The Federal Government in collaboration with development partners and the commercial sector, is working on a rejuvenation strategy for Nigeria’s cotton, textile, and garment industries. This was disclosed by the Minister of Industry, Trade and Investment, Doris Uzoka-Anite while reviewing the activities of the ministry in the last year, according to Vanguard. In addition, Uzoka-Anite […]

News

Nightclub raid: Ondo gov slams EFCC’s disruption of legitimate business

Alex Omenye Ondo State Governor Lucky Aiyedatiwa, has accused operatives of the Economic and Financial Crimes Commission of disrupting legitimate business activities in Akure, the state’s capital. His statement on Sunday night followed the arrest of 127 individuals during a party on Saturday by the EFCC’s Ibadan Zonal Directorate. The EFCC had issued a statement […]

Business

‘Funmilayo Ransom Kuti’ biopic rakes in N100mn in first week

The biopic ‘Funmilayo Ransom Kuti,’ produced by Bolanle Austen-Peters, has achieved a significant milestone, surpassing N100 million in ticket sales just three weeks after its cinema release. As of June 5, the Nigerian Box Office reported that the film had amassed N108 million in ticket sales across various cinema venues nationwide. The film began its […]

featured

We contributed $550m to Afrexim Bank loan facility – Oando

Oando Plc has stated that it contributed $550 million to the $925 million released to the Federal Government by the African Export-Import Bank under the $3.3 billion crude oil-backed loan facility sponsored by Nigerian National Petroleum Business Limited. According to a corporate notification filed with the Nigerian Exchange Limited on Friday, the oil corporation made […]

News

Stakeholders advocate for standardisation in hospitality industry

Stakeholders in the hospitality industry campaigned for innovation and standardization. This was disclosed by the stakeholders at the hospitality retail summit, themed “Rethinking Standardisation in Hospitality Retail,” which was held at the Lagos Business School, Lagos, according to The Punch. The Dean of Lagos Business School, Professor Chris Ogbechie, stated that standardization is critical in […]

Fuel prices drop in Niger Republic as Nigeria supplies petrol
Oil and Gas

Local refiners can crash fuel price to N300/litre – Operators

The operators of modular refineries have said that the pump price of Premium Motor Spirit, popularly called petrol, should drop to about N300/litre upon the commencement of massive production by the Dangote Petroleum Refinery and other Indigenous producers. This was disclosed in a statement by the Publicity Secretary of the Crude Oil Refinery Owners Association […]

News

FG grant 95 licences to increase electricity generation by 989MW

The Federal Government awarded 95 licenses, permits, and registration certificates for the generation of 989.42 megawatts of electricity in 2023, to boost Nigeria’s power output. A recent analysis of the industry data showed that the Nigerian Electricity Regulatory Commission, a Federal Government agency, issued power generation licenses, permits, and certificates to investors, according to The […]

Aviation

Airlines operators grapples to clear backlog after strike

Nigerian airlines are facing operational issues as they try to accommodate passengers and clear the backlog as a result of the Nigeria Labour Congress and Trade Union Congress’ strike demanding the implementation of a new national minimum wage. Despite the strike being suspended in less than 48 hours, it disrupted flight schedules and caused logistics […]

News

Cargo agents lament ‘N7bn loss’ to nationwide strike

Domestic cargo agents in Nigeria reported that the aviation industry lost around N7 billion as a result of the less than two-day nationwide strike action by both the Nigeria Labour Congress and the Trade Union Congress. This was disclosed by the Chairman of the Board of Trustees of the Domestic Airports Cargo Agents Association, Ikpe […]

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