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Chaos Erupts in Lagos APC Primaries as Conflicting Consensus Lists Fuel Allegations of Imposition

KEY POINTS APC primaries in Lagos Mainland and Yaba collapsed amid conflicting “consensus” candidate lists and protests over alleged imposition by party elites. Litigation and factional disputes forced suspension of elections, with Lagos APC Chairman Cornelius Ojelabi denying any consensus had been reached. Protests and...

May 10, 2025

News

Borno Governor Zulum Bans Petrol Sales in Bama LGA

KEY POINTS Governor Babagana Zulum has banned petrol sales in Bama LGA, including Bama town and Banki, to curb insurgent activities. The ban follows recent terrorist attacks in Borno State, including IED explosions resulting in casualties. The government is enhancing security measures, including deploying...

May 10, 2025

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Business

Nigeria’s Black Market Dollar Rate Now ₦1,740/$ As Demand Rises

Naira trade in NGN/$ at the PMA at ₦1,740/$ and the official rate touches ₦1,678.87/$.

November 9, 2024

Business

Transforming Global Agriculture and Economics

The rise of agribusiness transforms global food production and economies while driving environmental shifts and challenging small-scale farmers' livelihoods

November 6, 2024

Business

Court Issues Arrest Warrant for Dana Air MD Over Alleged N1.3bn Fraud

Dana Air MD Hathiramani Ranesh faces an arrest warrant for failing to appear in court over an alleged N1.3 billion fraud case

November 5, 2024

Business

Why Exporters Are Struggling

Nigeria’s nonoild export growth is stifled by rising costs, high interest rates and policy restrictions.

November 4, 2024

Business

Dangote Refinery Accuses Competitor of Selling Substandard Petroleum Products

Dangote Refinery calls out substandard fuel imports in Nigeria and urges government action to protect local industries

November 4, 2024

Business

Electricity Tariff Hikes: What Nigerians Are Saying

Tariff hikes deepen frustration as Nigerians face rising energy costs and unreliable service, straining households and businesses alike.

November 1, 2024

Business

Yuletide drives Petrol Consumption to 50 million Litres

Nigeria’s daily fuel demand climbs to 50 million liters ahead of the yuletide, despite subsidy removal and price hikes

October 31, 2024

Business

Access Bank eyes Dollar-denominated securities deal with DFIs

Access Bank plans a dollar securities sale in two tranches, leveraging Nigeria’s successful $900 million bond to boost capital and growth.

October 30, 2024

Business

Nigeria’s $618 Million Borrowing for Attack Jets: Addressing Insecurity at Economic Cost

Nigeria’s approval of a $618 million loan for attack jets addresses rising insecurity but prompts questions on economic impact and sustainable security solutions.

October 28, 2024

Business

Nigeria Loses N36 Trillion Annually to Untitled Land Ownership

Nigeria's real estate sector loses N36 trillion yearly due to untitled land, exposing challenges in the informal ownership system.

October 28, 2024

Business

How I Secured Debt Forgiveness for Nigeria – Obasanjo

Obasanjo explains how strategic reforms helped Nigeria achieve critical debt forgiveness, enabling greater economic growth and reduced debt burden

October 26, 2024

Business

Federal Government Defends Renaming of Niger Delta Ministry

The federal government’s decision to rename the Ministry of Niger Delta Development has sparked mixed reactions, with leaders concerned about regional development.

October 24, 2024