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Ex-UK PM Sunak appointed senior adviser at Goldman

  • 8th July 2025
New SEC regulation to enhance transparency in bank recapitalization

SEC clarifies director tenure rules, eases market operators’

  • 7th July 2025
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FG launches 2025/2026 technical teachers training programme

  • 7th July 2025
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BVN enrolment remains free for Nigerians at home

  • 7th July 2025

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Dangote Refinery loses N32.5bn after petrol price cut

Dangote refinery to run fully on local crude 2025

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Ex-UK PM Sunak appointed senior adviser at Goldman Sachs

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Reps approve ₦774.77bn 2025 budget for NIMASA

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Business featured

Why Nigeria must lift millions out of poverty – IMF

The International Monetary Fund has called on Nigeria to intensify efforts toward inclusive growth, tighten fiscal discipline, and improve domestic revenue mobilisation as crucial steps toward long-term economic stability and prosperity. In a blog post on Monday, IMF Mission Chief to Nigeria, Axel Schimmelpfennig, and Resident Representative, Christian Ebeke, praised recent reform efforts but cautioned […]

Nigeria’s non-oil exports rise to $1.79bn in Q1 2025 – NEPC
Business

Nigeria’s trade surplus rises over 50% amid exports surge

Nigeria’s trade surplus surged by 51.07% to N5.17 trillion in the first quarter of 2025, up from the previous quarter, driven by robust export growth. This figure is according to the National Bureau of Statistics Foreign Trade Statistics report released Wednesday. Total merchandise trade reached N36.02 trillion, a 6.19% increase from N33.92 trillion in Q1 […]

Top 10 most expensive foods in Nigeria for October 2024
Business

FG, Japan partner on $110m emergency loan for food security

The Federal Government has strengthened its collaboration with the Japan International Cooperation Agency to accelerate the rollout of a ¥15 billion (approximately $110 million) emergency loan aimed at boosting food security in Nigeria. This was revealed in a statement issued on Wednesday by the Federal Ministry of Finance and the Coordinating Ministry of the Economy, […]

News

Nigeria falls to 66th in 2025 Global Startup ecosystem ranking

Nigeria has dropped to 66th place in the 2025 Global Startup Ecosystem Index by StartupBlink, falling two spots from 64th in 2024. In Africa, Nigeria now ranks fourth, showing the slowest growth—less than 6%—among the continent’s top seven startup hubs. StartupBlink ranks countries based on the level of startup activity, the impact and success of […]

News

No more exploitation, AGF Fagbemi celebrates Nigeria’s $210m P&ID case win

The Nigerian Government has announced the recovery of $210 million following a hard-fought legal battle against Process and Industrial Development Limited over a failed gas contract. Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, SAN, revealed the development on Thursday evening while receiving members of the legal team that represented Nigeria in […]

Musk's Starlink challenges China's broadband satellite
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Nigeria, African nations launch space agency to bridge climate data gap

The African Space Agency officially opened last month under the African Union, with its headquarters in Cairo. Still in the process of staffing key roles, the agency will coordinate national space programs across the continent. Its goal is to enhance Africa’s space infrastructure by launching satellites, establishing weather stations, and ensuring data sharing within Africa […]

News

Nigeria, China in talks to strengthen economic ties

Nigeria and China have initiated high-level bilateral discussions to strengthen trade ties and explore tariff reductions, seeking to counter the impact of rising global trade barriers. The talks, held on the sidelines of the BRICS Foreign Ministers’ Meeting in Rio de Janeiro, involved Nigeria’s Foreign Minister, Yusuf Tuggar and China’s Foreign Minister Wang Yi, who […]

Business

Nigeria, S’Africa partner on mining to drive industrial growth

Nigeria and South Africa have signed a Memorandum of Understanding to promote mining development, with the aim of boosting industrialization and creating jobs in both nations. This agreement is part of broader efforts to strengthen cooperation under the Nigeria-South Africa Bi-National Commission, which was recently revitalized by Presidents Bola Tinubu and Cyril Ramaphosa. The MoU, […]

Electricity featured

Nigeria slashes electricity export to Niger Republic

The Federal Government has cut electricity supply to the Junta-led Niger Republic by 42%, reducing it from 80MW to 46MW. This reduction has led to a 30 to 50% drop in the country’s power production, prompting Nigelec, the state-owned electricity company, to implement planned power outages, which could last for several days, particularly in Niamey. […]

Business

Nigeria secures $1b investment to boost sugar production 

Nigeria has secured a $1 billion investment through a strategic partnership with Chinese conglomerate SINOMACH to enhance the nation’s self-sufficiency in sugar production. The agreement, formalized via a Memorandum of Understanding with the National Sugar Development Council, outlines plans to jointly develop a large-scale sugarcane cultivation and processing project within the country. This was disclosed […]

NITDA to develop blockchain "Nigerium" for data Security
Business

Nigerian tech development hits N34.3bn growth in 2024

Several Nigerian banks reported strong profit growth in 2024, which is significantly benefiting the country’s technology ecosystem as their contributions to the Nigeria Information Technology Development Fund rose by 57% year-on-year, reaching N34.3 billion. The contributions from Zenith Bank Plc, Guaranty Trust Holding Company Plc, United Bank for Africa Plc, Fidelity Bank Plc, Stanbic IBTC […]

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