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Sharia Council raises alarm over rising insecurity, urges FG to act

The Supreme Council for Shariah in Nigeria has raised alarm over worsening insecurity, urging the Federal Government to take urgent, decisive steps against killings, kidnappings and banditry.
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Nigeria’s economic reforms working but poverty increasing, says IMF

The IMF says reforms have strengthened Nigeria's economy and built resilience, but warns more than 60 percent of Nigerians now live in poverty amid rising food insecurity.

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Business

Nigeria’s capital market moves to T+1 settlement cycle

Nigeria's capital market will switch to a T+1 settlement cycle on June 1, bringing the country in line with the US, Canada and India.
Business

Nigeria’s Economy Slows as GDP Growth Drops to 3.89% in Q1 2026 — NBS

KEY POINTS Nigeria’s economy grew by 3.89% in Q1 2026, according to the National...
Business

UBA opens innovation hub, business office at UNILAG

UBA has opened an innovation hub and business office at the University of Lagos, as chairman Tony Elumelu returned to his alma mater for the commissioning.
Business

Nigeria’s trade surplus jumps 220 percent to $480m

Nigeria's trade surplus jumped 220 percent to $480 million in January as oil exports hit a record, even as weaker cocoa prices dragged non-oil earnings.
Business

CBN Retains Interest Rate at 26.5%

KEY POINTS The Central Bank of Nigeria retained the benchmark interest rate at 26.5%...
Business

Dangote unveils multi-billion-dollar Olokola deep seaport on 10,000 hectares

Aliko Dangote's group has begun preliminary work on a 10,000-hectare deep seaport at Olokola, targeting exports, fertilizer shipments and Atlantic trade.
Business

AfDB approves $200m BoI facility to boost Nigeria’s industrial sector

AfDB approved a $200 million facility for Nigeria's Bank of Industry to boost SMEs, manufacturing and green industrialization, with women-led and youth businesses prioritized.
Business

Dangote lifts Ethiopia investment to $4billion, pledges African food security

Aliko Dangote raised his Ethiopia investment from $2.5 billion to over $4 billion, pledging that fertilizer plants will deliver food security across Africa.
Business

Nigeria’s Inflation Rate Climbs to 15.69% in April Despite Slower Food Price Growth

KEY POINTS Nigeria’s inflation rate rose slightly to 15.69% in April 2026 after the...
Business

Dangote details mafia fight against $20bn Lekki refinery

Aliko Dangote said a fuel-import 'mafia' tried to block his $20bn Lekki refinery as land, currency and infrastructure costs piled up.
Business

Forex shock will swallow tariff cut on car prices, stakeholders warn

Nigerian car prices will not drop despite FG's tariff cut from 70 to 40 percent because forex, logistics and port costs dominate vehicle landing prices.
Business

LPG price set to hit N1,500/kg as depot stocks dry up

Nigerian cooking gas could rise to N1,500 per kilogram from N1,300 as depot stocks thin and only Dangote Refinery, Ardova and Navgas have supplies.
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Sharia Council raises alarm over rising insecurity, urges FG to act

The Supreme Council for Shariah in Nigeria has raised alarm over worsening insecurity, urging the Federal Government to take urgent, decisive steps against killings, kidnappings and banditry.
News

Nigeria’s economic reforms working but poverty increasing, says IMF

The IMF says reforms have strengthened Nigeria's economy and built resilience, but warns more than 60 percent of Nigerians now live in poverty amid rising food insecurity.
Politics

Nigeria is moving in the right direction, FG says as it defends Tinubu’s reforms

The Federal Government says Nigeria is steadily emerging from economic fragility, defending President Tinubu's reforms with GDP growth, over one million student loan beneficiaries and anti-graft gains.
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Senate queries SEDC over N153m spent on Abuja office rent

The Senate has queried the South East Development Commission over N153m allegedly spent renting an Abuja office, demanding a full account of funds from its 2025 budget.