BREAKING NEWS
- Nigeria's Economy is fluctuating
- Tech Business in Nigeria are at an all time high
- Now is the time to buy Nigerian Stocks
- Nigeria's Economy is fluctuating
- Tech Business in Nigeria are at an all time high
- Now is the time to buy Nigerian Stocks
- Nigeria's Economy is fluctuating
- Tech Business in Nigeria are at an all time high
- Now is the time to buy Nigerian Stocks
Economy
10 Stories
Banking
8 Stories
Startups
0 Stories
Energy
21 Stories
Markets
0 Stories
Nigeria’s long-delayed wind farm
Nigeria’s efforts to develop renewable energy have suffered major setbacks, with the stalled Lambar-Rimi wind farm project in Katsina State highlighting the challenges facing the sector. The 10-megawatt project was initiated by the Katsina State Government in 2005 before being taken over by the Federal Government in 2007. In 2010,…
Federal Government unveils five reforms to attract investors
The Federal Government has unveiled plans to introduce five major fiscal reforms aimed at attracting investors, improving the business environment and boosting economic growth. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, announced the reforms on Wednesday at the Nigerian Investors’ Forum in Bangkok, Thailand, held…
Dangote Refinery Extends ₦1.6 Billion-Dollar Share Offer by Two Weeks
Dangote Petroleum Refinery has extended its $1.6 billion initial public offering by two weeks to allow more investors across Africa to participate, following strong demand. The company says the offer, which opened on September 14 and was initially scheduled to close on October 13, has attracted subscriptions worth more than…
Airtel Money Begins Trading on London Stock Exchange
Airtel Money has commenced conditional trading on the London Stock Exchange, marking a major step towards its full listing on the international market. Airtel Africa says unconditional trading is expected to begin on October 14, 2026. The fintech company set its initial public offering price at £1.96 per share, targeting…
MTN customers face network disruption across five locations
MTN Nigeria has confirmed a network outage affecting customers in Lagos, Oyo, Rivers and Delta states, as well as the Federal Capital Territory. The telecommunications company announced the disruption on Thursday, October 8, 2026, saying some customers might experience difficulties accessing its services. MTN apologised to affected customers and said…
FG considers petrol price cap amid rising fuel costs
The Federal Government is proposing a petrol price cap of about one thousand, three hundred and fifty naira per litre to reduce the impact of rising fuel costs on Nigerians. The Minister of Finance, Taiwo Oyedele, says the proposal would require fuel importers and local refiners to absorb temporary price…
Federal Government unveils five reforms to attract investors
The Federal Government has unveiled plans to introduce five major fiscal reforms aimed at attracting investors, improving the business environment and boosting economic growth. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, announced the reforms on Wednesday at the Nigerian Investors’ Forum in Bangkok, Thailand, held…
Nigeria, US Sign Deal to Expand Mining Cooperation
Nigeria and the United States have signed an agreement aimed at increasing American investment in Nigeria’s mining sector and developing the country’s mineral resources. The agreement was signed in New York by the Minister of Solid Minerals Development, Dele Alake, and US Deputy Secretary of State, Christopher Landau. The framework…
Manufacturers Seek Tighter Rules for Foreigners in Nigeria’s Retail Market
The Manufacturers Association of Nigeria has called on the Federal Government to regulate the involvement of foreign nationals in Nigeria’s retail trade. MAN’s Director-General, Segun Ajayi-Kadir, says foreigners should not be allowed to enter areas of business meant for local operators without proper regulatory oversight. The call comes amid concerns…
FAAC Allocations Alone Cannot Guarantee State Prosperity — Oyedele
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said federal allocations alone could not guarantee prosperity for states, urging them to develop sustainable sources of revenue and strengthen their productive capacity. Oyedele said Nigeria recorded about N15.8 trillion in savings from fuel subsidy removal and foreign…
2026 BUDGET: AGENCIES SET ASIDE N400BN FOR MOSQUES, PALACES, HALLS
At least 78 Ministries, Departments and Agencies (MDAs) of the Federal Government have allocated nearly ₦400 billion in the 2026 budget for the construction and rehabilitation of community halls, mosques, traditional rulers' palaces, village market squares and civic centres. An analysis of the budget shows that more than half of…
CWAY Group Announces 2026 Job Recruitment
CWAY Group, a multinational company specialising in the production and wholesale supply of treated water, water dispensers, soft drinks, food and beverages across Africa and Asia, is recruiting qualified candidates for the position of Van Sales Representative in Lagos State. The full-time role is open to candidates with a Bachelor's…
GTB Customer Loses N4.6m in Unauthorised Transfer
A Lagos-based customer of Guaranty Trust Bank, Onifade Isaac, reported losing N4.6 million from his account through an unauthorised transfer. Isaac said the money was transferred from his savings account through the GTB mobile app to a Pocket App account belonging to a person identified as Zahara’u Iliyasu. He said…
Despite Huge Profits, Only Six Banks Pay N1.27tn Dividends
Only six of Nigeria’s major listed banks paid a combined N1.27 trillion in dividends to shareholders for the 2025 financial year, while five other profitable banks were unable to make payouts after failing to meet the Central Bank of Nigeria’s prudential requirements. The banks that paid dividends were GTCO, Zenith…
Zenith Bank Database Hit by Hackers
Zenith Bank has confirmed that it experienced a cybersecurity breach that resulted in unauthorised access to limited customer information, including email addresses and phone numbers. The bank disclosed the incident in a notification sent to customers on Tuesday, explaining that the attack formed part of a wider global cyber campaign…
CBN’s Cardoso Says Naira Should Compete, Not Be Shielded
Governor, Central Bank of Nigeria, Olayemi Cardoso Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the naira should remain market-driven and competitive rather than being artificially supported, as the apex bank retained its benchmark interest rate and reaffirmed its commitment to reducing inflation to single digits.…
CBN Leaves Interest Rate Unchanged at 26.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the benchmark Monetary Policy Rate (MPR) at 26.5 per cent for the second consecutive meeting. CBN Governor Olayemi Cardoso announced the decision on Tuesday at the end of the committee's 306th meeting in Abuja. According to…
CBN confirms Accountant-General directed opening of PFIPC accounts
The Central Bank of Nigeria (CBN) has confirmed that it opened two domiciliary accounts linked to the controversial Presidential Foreign Investment Promotion Council (PFIPC) following a directive from the Office of the Accountant-General of the Federation (OAGF), but maintained that the accounts were never funded or used. The disclosure was…
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Nigeria’s long-delayed wind farm
Nigeria’s efforts to develop renewable energy have suffered major setbacks, with the stalled Lambar-Rimi wind farm project in Katsina State highlighting the challenges facing the sector. The 10-megawatt project was initiated by the Katsina State Government in 2005 before being taken over by the Federal Government in 2007. In 2010,…
FG considers petrol price cap amid rising fuel costs
The Federal Government is proposing a petrol price cap of about one thousand, three hundred and fifty naira per litre to reduce the impact of rising fuel costs on Nigerians. The Minister of Finance, Taiwo Oyedele, says the proposal would require fuel importers and local refiners to absorb temporary price…
Nigeria opens bidding for 40 new oil blocks
The Federal Government has announced a new licensing round offering 40 oil blocks across land, shallow water and deepwater areas. The Nigerian Upstream Petroleum Regulatory Commission says the 2026 licensing round is aimed at attracting fresh investment into the country’s oil and gas sector. The Minister of State for Petroleum…
NNPC Posts Record ₦7.2 Trillion Profit Despite Lower Revenue
The Nigerian National Petroleum Company Limited, NNPC, recorded a record N7.2 trillion profit after tax in 2025, despite a drop in revenue. The company’s profit rose by 33 per cent from N5.4 trillion in 2024, while revenue fell to N34.5 trillion amid lower crude oil prices and reduced petroleum product…
NIGERIANS TURN TO SAVINGS AND LOANS TO BUY INTO DANGOTE REFINERY
Some Nigerians are reportedly using their savings, taking loans and even selling personal belongings to raise money to buy shares in the Dangote Petroleum Refinery. The refinery opened its Initial Public Offering on September 14, giving Nigerians the opportunity to own shares in the company. The offer consists of 4.1…
Dangote explains why petrol prices remain high
Dangote says petrol prices in Nigeria remain high despite local refining because the Dangote Refinery still buys crude oil at prevailing international market prices. Speaking on Arise TV, the President of Dangote Group, Aliko Dangote, said the refinery paid as much as 124 dollars per barrel for crude in May,…
No Posts found
Nigeria’s long-delayed wind farm
Nigeria’s efforts to develop renewable energy have suffered major setbacks,...
Federal Government unveils five reforms to attract investors
The Federal Government has unveiled plans to introduce five major...
Dangote Refinery Extends ₦1.6 Billion-Dollar Share Offer by Two Weeks
Dangote Petroleum Refinery has extended its $1.6 billion initial public...
Airtel Money Begins Trading on London Stock Exchange
Airtel Money has commenced conditional trading on the London Stock...
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Electoral Reform Bill
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Electoral Reform Bill
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