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CNG rollout: States race to cut transport fares before Oct. 1 as queues and N1 million conversion costs bite

Nigerian states are racing to cut transport fares through CNG before Oct. 1, but long queues and conversion costs of up to N1 million are slowing operators.
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Nigeria flood alert: 8,000 communities and 4,500 schools in 15 states at risk this week

Nigeria's hydrological agency warns that more than 8,000 communities and 4,500 schools across 15 states face flooding between Sept. 19 and 25 as rivers rise.

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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...
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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.
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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.
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Coronavirus disease 2019

COVID-19 is a contagious disease caused by the coronavirus SARS-CoV-2. In January 2020, the...
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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.
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.
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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.
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.
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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.
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.
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.
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.
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CNG rollout: States race to cut transport fares before Oct. 1 as queues and N1 million conversion costs bite

Nigerian states are racing to cut transport fares through CNG before Oct. 1, but long queues and conversion costs of up to N1 million are slowing operators.
News

Nigeria flood alert: 8,000 communities and 4,500 schools in 15 states at risk this week

Nigeria's hydrological agency warns that more than 8,000 communities and 4,500 schools across 15 states face flooding between Sept. 19 and 25 as rivers rise.
News

Cross River police arrest vigilante over $5,000 robbery and shooting

Cross River police have arrested a vigilante member accused of shooting a villager in Etung and robbing him of $5,000; a locally made pistol was recovered.
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NAFDAC finds methanol and cannabis in Ondo drinks that killed 48 people

NAFDAC lab tests found high concentrations of methanol and cannabis in herbal concoctions blamed for 48 deaths and seven cases of blindness in Ondo State.