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NDLEA Brings Wanted Drug Suspect Back from Benin

KEY POINTS NDLEA arrests Festus Ibewuike in Benin Republic. He is linked to 49.70kg heroin seized in Lagos. 107 bank accounts and cartel properties were frozen. The National Drug Law Enforcement Agency, NDLEA, has arrested and repatriated a wanted suspected drug kingpin, Festus Ibewuike, from...

September 10, 2026

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Kara Bridge Repairs Trigger Major Lagos-Ibadan Expressway Gridlock

KEY POINTS Kara Bridge repairs trigger severe Lagos-Ibadan gridlock. Traffic stretches from Kara towards Lagos and beyond. Repairs are scheduled to end on September 22. Traffic congestion has intensified along the Lagos-Ibadan Expressway following the commencement of rehabilitation work on the Kara Bridge, leaving motorists...

September 10, 2026

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Naira Trades at ₦1,364.83/$ as Forex Market Maintains Relative Stability

KEY POINTS Naira traded at ₦1,364.83/$1 on Friday, up from ₦1,357.65/$1 on Thursday. The...

August 14, 2026

Business

Nigeria spent N3.1trn on domestic debt servicing in Q1, DMO says

Nigeria spent N3.14 trillion servicing its domestic debt in the first quarter of 2026, the DMO says, with interest payments making up about 94.6 percent.

August 10, 2026

Business

Only six Nigerian banks pay N1.27 trillion dividends

Only six of Nigeria's biggest listed banks paid a combined N1.27 trillion in 2025 dividends, as the CBN barred five profitable lenders on prudential grounds.

August 10, 2026

Business

Coronavirus disease 2019

COVID-19 is a contagious disease caused by the coronavirus SARS-CoV-2. In January 2020, the...

July 6, 2026

Business

SMEDAN unveils N500m zero-interest fund for MSMEs

SMEDAN has unveiled a N500m zero-interest fund for MSMEs, disbursing it through cooperatives and associations to boost working capital and improve loan recovery nationwide.

June 29, 2026

Business

FG unveils 2026 push for industrial growth, trade and investment

The Federal Government plans to intensify industrial growth, trade expansion, investment and non-oil exports in 2026, focusing on turning policy into measurable economic outcomes.

June 29, 2026

Business

FirstBank backs Imo State’s OKOBI initiative to boost jobs

FirstBank has backed Imo State's One Kindred One Business Initiative, a community entrepreneurship scheme designed to create jobs, deepen financial inclusion and promote sustainable wealth.

June 26, 2026

Business

Cocoa and coffee farmers seek African bloc and $6,000 floor price to end foreign control

COCEFAAA has called for a unified African cocoa producers' bloc and a floor price of at least $6,000 a tonne to strengthen farmers' bargaining power.

June 25, 2026

Business

Textile manufacturers seek stronger trade protection for local industry

The Nigeria Textile Manufacturers Association has renewed its call for stronger trade protection, urging import restrictions to shield local mills from smuggling, dumping and unfair foreign competition.

June 22, 2026

Business

Nigeria Industrial Policy secures $380million in investment commitments in 90 days

The Federal Government says the Nigeria Industrial Policy 2025 has secured more than $380m in financing commitments within its first 90 days of active implementation.

June 22, 2026

Business

Economists cite reform impact as Nigeria’s revenue hits N15.8trillion

Economists have credited tax reforms, improved administration and stronger oil earnings for Nigeria's revenue, which hit N15.8tn in the first five months of 2026, up 49 percent.

June 20, 2026

Business

FG allocates two more crude oil terminals to Swede Control Intertek

The Federal Government has allocated two more crude oil export terminals to Swede Control Intertek, expanding the pre-shipment inspection agent's role in certifying Nigeria's exports.

June 19, 2026