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Airtel Africa begins $100m share buy-back

Airtel Africa names Gopal Vittal new chairman

  • 25th March 2026

SEC DG secures second term as IOSCO regional

  • 24th March 2026

FG launches national single window to cut port

  • 24th March 2026

Unilever Nigeria’s profit surges 128% to ₦51.7bn

  • 24th March 2026

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Court orders final forfeiture of $13m linked to Lagos

featured News

Crude-for-naira: Dangote refinery gets only five of 15 cargoes,

Oil and Gas

Court nullifies CBN’s dissolution of Union Bank board

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

Nigerian banks raise ₦4.61trn ahead of recapitalisation deadline

Banking

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Excess Crude Account rises to $535,823 in August

Nigeria’s Excess Crude Account stood at $535,823.39 as of August. This was disclosed by the Accountant-General of the Federation, Shamsedeen Ogunjimi on Thursday, during the National Economic Council meeting on Thursday, chaired by Vice-President Kashim Shettima. The balance reflects an increase from the $473,754.57 recorded in April. The ECA, established in 2004 under former President […]

2023 budget: ASUU threatens strike over unreleased N170bn
News

FG denies signing MoU with ASUU, calls documents proposals

The Federal Government has denied claims that it signed agreements with the Academic Staff Union of Universities, insisting that the documents being referenced were merely proposals. Minister of Education, Dr. Tunji Alausa, made this clarification on Thursday while addressing journalists in Abuja. According to him, both the 2009 and 2011 documents often cited by ASUU […]

2023 budget: ASUU threatens strike over unreleased N170bn
News

ASUU rejects FG loan scheme, demands payment of entitlements

The Academic Staff Union of Universities, Federal University Wukari branch, has demanded the immediate payment of their accumulated entitlements, rejecting the Federal Government’s proposed loan scheme. The demand came during a protest staged by the union to express displeasure over the government’s failure to implement long-standing agreements. Leading the demonstration, ASUU FUW Chairperson, Professor Asabe […]

Business

FG makes N392.7bn from Dangote, nine others in H1 2025

Ten companies listed on the Nigerian Exchange remitted a total of N392.7bn in income taxes to the Federal Government in the first half of 2025, up from N338.3bn in the corresponding period of 2024, marking a year-on-year increase of 16.1 per cent, according to an analysis by The PUNCH. The companies, based on their Condensed […]

Business

FG unveils YouthCred loan scheme for NYSC members

The Federal Government has unveiled YouthCred, a credit initiative aimed at providing National Youth Service Corps members with single-digit interest loans to finance entrepreneurial projects. Announcing the scheme at the Lagos NYSC camp on Thursday, Minister of Youth Development Ayodele Olawande said the programme will give corps members access to loans of up to ₦200,000. […]

Business

FG moves to grow manpower for made-in-Nigeria vehicles

The Federal Government has announced renewed efforts to boost the pool of skilled automotive workers as part of its drive to promote the adoption of made-in-Nigeria vehicles. Speaking on Monday at the commissioning of the National Automotive Design and Development Council Training Centre at Lagos State University of Science and Technology, Ikorodu, the Minister of […]

Business featured

Prioritise local firms in Lagos airport fencing, MAN tells FG

The Manufacturers Association of Nigeria has called on the Federal Government to prioritize indigenous producers in the supply of fencing materials for the Lagos airport perimeter fencing project, cautioning against the importation of Clear Vu fencing. In its statement, MAN praised the government’s infrastructure drive but emphasized that the procurement process for the Murtala Mohammed […]

News

Nigeria, Japan move to boost cooperation in mining sector

Nigeria and Japan are advancing plans to deepen cooperation in the mining sector, with the Minister of Solid Minerals Development, Dr. Dele Alake, and officials of the Japan Organisation for Metals and Energy Security pledging to facilitate Japanese investments in Nigeria’s vast mineral resources. The commitment followed discussions at the Ninth Tokyo International Conference on […]

Business

FG unveils new debt management plan to strengthen sustainability

The Federal Government has approved Nigeria’s Medium-Term Debt Management Strategy for 2024–2027, designed to safeguard debt sustainability, strengthen fiscal stability, and expand the domestic securities market. In a statement issued on Saturday, the Debt Management Office confirmed that the policy framework received the endorsement of the Federal Executive Council. The MTDS, formulated with technical assistance […]

Business

Lekki port to generate $200bn in 45 years – Oyetola

Minister of Blue and Marine Economy, Adegboyega Oyetola, says the Lekki Port is projected to generate $200 billion in government revenue over its 45-year concession period. Speaking at a breakfast meeting in Lagos on Wednesday, organised by the Nigerian Chamber of Shipping in partnership with Lekki Port, Oyetola noted that since operations began, the port […]

FG shuts 13.5m social media accounts, deletes 59m posts for violations
News

FG shuts 13.5m social media accounts, deletes 59m posts for violations

The Federal Government has announced the closure of more than 13.5 million social media accounts and the removal of nearly 59 million offensive posts across TikTok, Facebook, Instagram and X for breaching Nigeria’s Code of Practice for Online Platforms. The figure was disclosed in the 2024 Compliance Report submitted by major tech firms including Google, […]

FG deducts N256.5bn for gas projects in six months
News

FG deducts N256.5bn for gas projects in six months

The Federal Government has deducted a total of N256.52bn from revenue allocations to finance gas infrastructure projects in the first half of 2025, according to official figures from the Federation Accounts Allocation Committee. The deductions were channelled into the Midstream and Downstream Gas Infrastructure Fund, set up to support projects that enhance natural gas transportation, […]

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